Form 4: Worthington Enterprises CEO B. Andrew Rose Reports Changes in Beneficial Ownership
SEC Form 4 Filing
B. Andrew Rose, President & CEO of Worthington Enterprises, reports a disposition of 22,267 common shares to cover tax obligations and a transfer of 42,209 shares to an ex-spouse due to a domestic relations order.
Summary
- On June 25, 2024, B. Andrew Rose, the President & CEO of Worthington Enterprises, reported changes in beneficial ownership of the company's common shares.
- 22,267 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock at a price of $50.16 per share.
- Additionally, 42,209 common shares were transferred to Rose's ex-spouse pursuant to a domestic relations order.
- Rose also no longer has a reportable beneficial interest in WOR common shares owned by his daughters, which were previously included in ownership reports.
- Following these transactions, Rose directly owns 373,222 common shares.
Sentiment
Score: 5
Explanation: The document is neutral as it reports routine transactions related to tax obligations and a domestic relations order. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings due to tax obligations and a domestic relations order, which are personal matters and may not necessarily reflect a change in the CEO's confidence in the company.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders as they are related to personal financial matters of the CEO.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of transaction: disposition of shares for tax obligations and transfer of shares to ex-spouse. |
| 06/26/2024 | Date of signature on the Form 4 filing. |
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