Form 4: Worthington Enterprises Director Kerrii B. Anderson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Kerrii B. Anderson reports changes in beneficial ownership of Worthington Enterprises, including acquisitions of phantom stock and adjustments related to the Worthington Steel spin-off.
Summary
- Kerrii B. Anderson, a director of Worthington Enterprises, Inc., filed a Form 4 to report changes in beneficial ownership.
- The reported transactions include the acquisition of phantom stock under the company's deferred compensation plan for directors.
- The filing also reflects adjustments to holdings due to the spin-off of Worthington Steel, Inc.
- Anderson directly owns 71,334 common shares.
- Anderson indirectly owns 1,421 common shares through the Cameron Taff Anderson Separate Trust, 1,421 common shares through the Alexa M. Anderson Separate Trust and 436 common shares through a spouse.
- 563.31 shares of phantom stock were acquired at a price of $40.83.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
Distributions from the Deferred Compensation Plan are made only in WOR common shares and generally commence upon leaving the Board of Directors of Worthington Enterprises, Inc.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2014 | Effective this date, amounts credited to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. |
| 10/04/2021 | Date on which the amount of theoretical common shares credited pursuant to the dividend reinvestment feature under the 2005 Director Deferred Compensation Plan was last updated in the reporting person's Form 4. |
| 09/27/2024 | Date of transaction involving phantom stock. |
| 09/30/2024 | Date of signature for the Form 4 filing. |
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