Worthington (WOR) CFO reports routine tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises VP & Chief Financial Officer Colin J. Souza reported routine share withholdings to cover taxes on vested restricted stock. On June 26, 133 Common Shares were withheld at $56.35 per share. On June 29, a further 551 Common Shares were withheld at $53.77 per share.
These Form 4 entries are coded as tax-withholding dispositions rather than open-market sales. After the June 29 withholding, Souza directly held 22,646 Common Shares. The filing also notes an indirect holding of 1.4 Common Shares through a 401(k) plan based on a statement dated May 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SOUZA COLIN J
Role
VP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 551 | $53.77 | $30K |
| Tax Withholding | Common Shares | 133 | $56.35 | $7K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 22,646 shares (Direct, null);
Common Shares — 1.4 shares (Indirect, By 401(k))
Footnotes (1)
- The information in this report is based on a 401(k) statement dated May 31, 2026. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
Key Figures
Shares withheld June 26: 133 shares
Shares withheld June 29: 551 shares
Total tax-withheld shares: 684 shares
+4 more
7 metrics
Shares withheld June 26
133 shares
Tax withholding at $56.35 per share
Shares withheld June 29
551 shares
Tax withholding at $53.77 per share
Total tax-withheld shares
684 shares
Sum of June 26 and June 29 F-code transactions
Price per share June 26
$56.35/share
Value used for 133 withheld shares
Price per share June 29
$53.77/share
Value used for 551 withheld shares
Direct holdings after June 29
22,646 shares
Common Shares directly held by CFO post-transaction
Indirect 401(k) holdings
1.4 shares
Common Shares held via 401(k) as of May 31, 2026
Key Terms
tax-withholding disposition, restricted stock, 401(k), Common Shares
4 terms
tax-withholding disposition financial
"coded as tax-withholding dispositions rather than open-market sales"
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.
restricted stock financial
"shares withheld upon the vesting of restricted stock in order to satisfy"
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.
401(k) financial
"based on a 401(k) statement dated May 31, 2026"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What insider transactions did Worthington Enterprises (WOR) CFO Colin Souza report?
Worthington Enterprises CFO Colin Souza reported tax-withholding dispositions of Common Shares. The company withheld 133 shares on June 26 and 551 shares on June 29 to satisfy tax obligations tied to restricted stock vesting.
Were Colin Souza’s Worthington (WOR) transactions open-market sales?
No, the reported transactions were not open-market sales. Both Form 4 entries are coded as tax-withholding dispositions, meaning shares were withheld by the company to cover tax liabilities from restricted stock vesting.
What does the Form 4 footnote say about Colin Souza’s 401(k) holdings in Worthington (WOR)?
The footnote explains that the 401(k) information is based on a statement dated May 31, 2026. It shows 1.4 Common Shares held indirectly by Colin Souza in a 401(k) plan, separate from his directly held Worthington shares.
What is the significance of the F transaction code in Worthington (WOR) CFO’s Form 4?
The F transaction code indicates payment of taxes or exercise price by delivering securities. For Worthington’s CFO, it shows shares withheld upon restricted stock vesting to satisfy tax withholding obligations, not discretionary market sales.