Worthington (WOR) executive has shares withheld to cover tax obligation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. executive James R. Bowes, President - Building Products, reported a tax-related share disposition. On the vesting of restricted stock, 562 common shares were withheld at $53.76 per share to satisfy his tax withholding obligation. After this non-market transaction, he directly holds 19,385 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOWES JAMES R
Role
President - Building Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 562 | $53.76 | $30K |
Holdings After Transaction:
Common Shares — 19,385 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 562 shares
Withholding price per share: $53.76 per share
Shares held after transaction: 19,385 shares
3 metrics
Shares withheld for taxes
562 shares
Withheld on restricted stock vesting to satisfy tax obligation
Withholding price per share
$53.76 per share
Value used for 562 withheld common shares
Shares held after transaction
19,385 shares
Direct common share holdings after tax-withholding disposition
Key Terms
restricted stock, tax withholding obligation, Common Shares, Form 4
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"
Form 4 financial
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did WORTHINGTON ENTERPRISES (WOR) report for James R. Bowes?
WORTHINGTON ENTERPRISES reported that executive James R. Bowes had 562 common shares withheld. The shares were taken upon vesting of restricted stock to cover his tax withholding obligation, rather than being sold in the open market.
What does transaction code F mean in the Worthington Enterprises Form 4?
Transaction code F in the Worthington Enterprises Form 4 indicates payment of a tax liability by delivering securities. Here, 562 common shares were withheld upon restricted stock vesting to satisfy James R. Bowes’ tax withholding obligation, rather than being sold for cash.