Worthington VP-General Counsel Reports Tax-Related Share Withholding of 1,856 Shares
Worthington Enterprises (NYSE:WOR) reported insider trading activity through a Form 4 filing.
Rhea-AI Filing Summary
Worthington Enterprises (NYSE:WOR) reported insider trading activity through a Form 4 filing. VP-General Counsel & Secretary Patrick J. Kennedy disposed of 1,856 common shares on June 24, 2025, at a price of $60.15 per share. The shares were withheld to satisfy tax obligations upon the vesting of restricted stock. Following the transaction, Kennedy retains direct ownership of 24,835 common shares.
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Insights
Tax-related share withholding represents standard executive compensation practice, with minimal market impact.
The transaction reflects a routine withholding of shares for tax purposes related to restricted stock vesting, rather than an open market sale. The executive maintains a substantial position of 24,835 shares post-transaction, demonstrating continued alignment with shareholder interests. The withholding price of $60.15 was likely determined by market closing price on the vesting date, following standard practices for tax obligation settlements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 1,856 | $60.15 | $112K |
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.
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What is Patrick Kennedy's role at Worthington Enterprises (WOR)?
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