Worthington VP covers taxes with 2,286 shares
WORTHINGTON ENTERPRISES, INC. executive Patrick J. Kennedy, VP–General Counsel & Secretary, reported routine tax-related share withholdings tied to restricted stock vesting.
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Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. executive Patrick J. Kennedy, VP–General Counsel & Secretary, reported routine tax-related share withholdings tied to restricted stock vesting. On June 29 and 30, a total of 2,286 Common Shares were withheld to satisfy his tax withholding obligations, at prices of $53.77 and $53.76 per share.
These Form 4 entries, coded "F," reflect payment of tax liabilities by delivering securities rather than open-market sales. After these transactions, Kennedy directly holds 31,806 Common Shares of Worthington Enterprises.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 1,545 | $53.76 | $83K |
| Exercise Price or Tax Liability | Common Shares | 741 | $53.77 | $40K |
Footnotes (1)
- F1. 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
Key Terms
restricted stock financial
tax withholding obligation financial
tax-withholding disposition financial
FAQ
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What did Worthington (WOR) executive Patrick J. Kennedy report on this Form 4?
Were Patrick J. Kennedy’s Worthington (WOR) Form 4 transactions open-market sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.