Worthington Enterprises insider sells 141,163 shares
Worthington Enterprises 10% owner John P. McConnell exercised non-qualified stock options and sold the resulting shares.
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Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises 10% owner John P. McConnell exercised non-qualified stock options and sold the resulting shares. On several dates from May 2024 through July 2026 he exercised options for a total of 141,163 common shares at strike prices between $19.6500 and $27.3500, then sold the same number of shares in open-market trades at weighted average prices reported between $53.0400 and $61.4100 per share. Indirect ownership includes 12,415,982 shares held by JMAC, Inc. and additional positions in family trusts and benefit plans.
Insider Trade Summary
Exercise and Sale: 141,163 shares ($4.86M approx. pre-tax spread)
Exercise and Sale
23 txns
Insider
MCCONNELL JOHN P/OH
Role
10% Owner
Sold
141,163 shs ($8.21M)
Approx. gross sale proceeds
$8.21M
Approx. exercise cost
$3.35M
Approx. pre-tax spread
$4.86M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualified stock option (right to buy) F13 | 17,625 | $0.00 | $0.00 |
| Exercise | Common Shares | 17,625 | $23.47 | $414K |
| Sale | Common Shares F7 | 17,625 | $53.04 | $935K |
| Exercise | Non-qualified stock option (right to buy) F12 | 41,704 | $0.00 | $0.00 |
| Exercise | Common Shares | 41,704 | $26.88 | $1.12M |
| Sale | Common Shares F5 | 38,965 | $55.82 | $2.18M |
| Sale | Common Shares F6 | 2,739 | $56.35 | $154K |
| Exercise | Non-qualified stock option (right to buy) F11 | 55,081 | $0.00 | $0.00 |
| Exercise | Common Shares | 55,081 | $19.65 | $1.08M |
| Sale | Common Shares F3 | 54,745 | $61.04 | $3.34M |
| Sale | Common Shares F4 | 336 | $61.41 | $21K |
| Exercise | Non-qualified stock option (right to buy) F10 | 26,753 | $0.00 | $0.00 |
| Exercise | Common Shares | 26,753 | $27.35 | $732K |
| Sale | Common Shares F1 | 18,061 | $58.79 | $1.06M |
| Sale | Common Shares F2 | 8,692 | $59.91 | $521K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F8 | -- | -- | -- |
| holding | Common Shares F9 | -- | -- | -- |
Holdings After Transaction:
Non-qualified stock option (right to buy) — 0 contracts (Direct);
Common Shares — 1,335,648 shares (Direct);
Common Shares — 12,415,982 shares (Indirect, By JMAC, Inc.);
Common Shares — 2,428,312 shares (Indirect, By the Porter Rardin Trust f/b/o John P. McConnell and Margaret Kollis);
Common Shares — 8,173 shares (Indirect, As custodian for his son, C.R. McConnell);
Common Shares — 7,343 shares (Indirect, By Spouse, Amy McConnell, as custodian for her son, Luke A. Edmonds);
Common Shares — 118,000 shares (Indirect, By The McConnell Family Trust);
Common Shares — 255,875 shares (Indirect, By The Margaret R. McConnell Trust f/b/o Margaret Kollis);
Common Shares — 25,224 shares (Indirect, By the Worthington Industries, Inc. Deferred Profit Sharing Plan);
Common Shares — 44,250 shares (Indirect, By McConnell LAE Trust)
Footnotes (13)
- F1. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $58.38 to $59.37, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F2. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $59.40 to $60.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F3. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $60.41 to $61.40, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F4. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $61.41 to $61.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F5. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $55.21 to $56.18, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F6. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $56.21 to $56.57, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F7. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $53.00 to $53.19, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F8. Amount listed is the most up-to-date information available regarding holdings under the Worthington Enterprises, Inc. 401(k) Plan and is based on a plan statement dated as of June 30, 2026.
- F9. These common shares are held in an irrevocable trust for the benefit of the son of the reporting person's spouse. The reporting person's spouse is the trustee of such irrevocable trust.
- F10. This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested annually on 6/30/2016 and 6/30/2017.
- F11. This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested annually on 6/26/2017 and 6/26/2018.
- F12. This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested annually on 6/30/2018 and 6/30/2019.
- F13. This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested annually on 6/25/2022 and 6/25/2023.
Key Figures
Shares sold: 141163.0000 shares
Options exercised: 141163.0000 shares
Lowest option exercise price: 19.6500 per share
+4 more
7 metrics
Shares sold
141163.0000 shares
Total common shares sold across reported open-market transactions
Options exercised
141163.0000 shares
Total underlying shares from non-qualified stock options exercised
Lowest option exercise price
19.6500 per share
Strike price on options exercised on May 13, 2025
Highest option exercise price
27.3500 per share
Strike price on options exercised on May 7, 2024
Example weighted average sale price
61.0400 per share
Weighted average price for a 54745.0000-share sale on May 13, 2025
Indirect holding – JMAC, Inc.
12415982.0000 shares
Indirect common shares held by JMAC, Inc. as of May 7, 2024
Indirect holding – Porter Rardin Trust
2428312.0000 shares
Indirect common shares held by the Porter Rardin Trust as of May 7, 2024
Key Terms
Non-qualified stock option, weighted average price, irrevocable trust, Deferred Profit Sharing Plan
4 terms
Non-qualified stock option financial
"security title is Non-qualified stock option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
weighted average price financial
"The price reported is a weighted average price. These common shares were sold"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
irrevocable trust financial
"These common shares are held in an irrevocable trust for the benefit"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Deferred Profit Sharing Plan financial
"holdings under the Worthington Enterprises, Inc. 401(k) Plan and Deferred Profit Sharing Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did John P. McConnell report for Worthington Enterprises (WOR)?
John P. McConnell reported exercising non-qualified stock options and selling the resulting shares. Across trades in 2024, 2025 and 2026, he exercised options for 141,163 common shares and sold the same number of shares in open-market transactions.
What option exercise prices were involved in John P. McConnell’s WOR trades?
The non-qualified stock options he exercised carried exercise prices of $19.6500, $23.4700, $26.8800 and $27.3500 per share. These options converted into common shares, which were then reported as sold in subsequent open-market transactions on the same respective dates.
What indirect Worthington Enterprises (WOR) holdings are reported for John P. McConnell?
Indirect holdings include 12,415,982 common shares held by JMAC, Inc., plus additional blocks such as 2,428,312 shares held by the Porter Rardin Trust and other family trusts, custodial accounts, and benefit plans, all disclosed as indirect ownership positions.
Were John P. McConnell’s WOR trades made under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is unchecked, and the footnotes describe prices, vesting and ownership structures but do not state that any transactions were executed pursuant to a Rule 10b5-1 trading plan or similar pre-arranged arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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