Form 4: Worthington Enterprises Director McConnell II Reports Changes in Beneficial Ownership

Director John H. McConnell II reports transactions involving Worthington Enterprises common shares and phantom stock due to distribution from a deferred compensation plan.

Summary

• John H. McConnell II, a director of Worthington Enterprises, reported changes in beneficial ownership of common shares and phantom stock.
• The transactions occurred on July 1, 2024, and July 2, 2024, due to distributions from the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan.
• On July 1, 2024, McConnell received 9.8 common shares and cash in lieu of 0.8 common shares.
• On July 2, 2024, McConnell received 14.3 common shares and cash in lieu of 0.3 common shares.
• These distributions were triggered by McConnell ceasing to be employed by the issuer, making the phantom stock in his plan account distributable.
• The report also includes common shares acquired through a dividend reinvestment program.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing transactions related to deferred compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Key Dates