Form 4: Insider Trades at Worthington Enterprises

Patrick J. Kennedy of Worthington Enterprises reports transactions involving common shares.

Summary

• Patrick J. Kennedy, VP-General Counsel & Secretary of Worthington Enterprises, Inc., reported transactions on June 29, 2026, and June 30, 2026.
• On June 29, 2026, 741 common shares were acquired (D) at a price of $53.77, resulting in 33,351 shares beneficially owned.
• On June 30, 2026, 1,545 common shares were acquired (D) at a price of $53.76, resulting in 31,806 shares beneficially owned.
• The acquisition on June 29, 2026, represents shares withheld to satisfy tax obligations upon the vesting of restricted stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine share withholding for tax purposes upon restricted stock vesting, rather than a significant strategic transaction or change in beneficial ownership.

Positives

• The reporting person acquired shares, indicating continued beneficial ownership.
• The transactions were made at prices consistent with the reported market value at the time.

Negatives

• The filing indicates shares were withheld to cover tax obligations, which reduces the net shares received by the reporting person.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and provide transparency into the holdings and activities of company executives and directors. This filing reflects typical share withholding for tax purposes upon vesting of restricted stock.

Stakeholder Impact

• Shareholders gain transparency into insider share transactions and holdings.
• The reporting person's net shareholding is affected by the tax withholding.

Key Dates

Keywords

Form 4, Insider Trading, Worthington Enterprises, Patrick J. Kennedy, Common Shares, Beneficial Ownership, Restricted Stock, Tax Withholding