Worthington (WOR) president withholds 557 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises president handles tax withholding via share dispositions. President - Building Products James R. Bowes had a total of 557 Common Shares withheld in two transactions, at prices of $53.77 and $56.35 per share, to satisfy tax obligations upon the vesting of restricted stock. After these non-market, tax-withholding dispositions, he directly holds 19,947 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BOWES JAMES R
Role
President - Building Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 517 | $53.77 | $28K |
| Tax Withholding | Common Shares | 40 | $56.35 | $2K |
Holdings After Transaction:
Common Shares — 19,947 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares (total): 557 shares
Tax-withheld block 1: 517 shares at $53.77/share
Tax-withheld block 2: 40 shares at $56.35/share
+1 more
4 metrics
Tax-withheld shares (total)
557 shares
Common Shares withheld for tax obligations on restricted stock vesting
Tax-withheld block 1
517 shares at $53.77/share
Common Shares disposed on 2026-06-29 for tax withholding
Tax-withheld block 2
40 shares at $56.35/share
Common Shares disposed on 2026-06-26 for tax withholding
Shares held after 2026-06-29
19,947 shares
Direct Common Share ownership by James R. Bowes after dispositions
Key Terms
restricted stock, tax withholding obligation, Common Shares, tax-withholding disposition
4 terms
restricted stock financial
"Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligation financial
"in order to satisfy the reporting person's tax withholding obligation upon such vesting"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider activity did Worthington Enterprises (WOR) report for James R. Bowes?
James R. Bowes reported share dispositions tied to tax withholding. A total of 557 Common Shares were withheld in connection with the vesting of restricted stock, rather than sold in open-market transactions, to satisfy his tax obligations.
Were James R. Bowes’ Worthington (WOR) transactions open-market sales?
No, the transactions were not open-market sales. The Form 4 labels both as code F tax-withholding dispositions, and the footnote explains the shares were withheld upon restricted stock vesting to cover his tax withholding obligation.
What does transaction code F mean in the Worthington (WOR) Form 4?
Transaction code F indicates a tax-related disposition. In this filing, it is described as payment of exercise price or tax liability by delivering securities, specifically shares withheld to satisfy James R. Bowes’ tax withholding obligation upon restricted stock vesting.