Form 4: Worthington Enterprises EVP and CFO Joseph B. Hayek Reports Changes in Beneficial Ownership

Joseph B. Hayek, EVP and CFO of Worthington Enterprises, reports changes in beneficial ownership of company stock due to tax withholding obligations and dividend reinvestments.

Summary

• On June 25, 2024, Joseph B. Hayek, the EVP and CFO of Worthington Enterprises, reported changes in his beneficial ownership of the company's common shares.
• 3,711 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock at a price of $50.16 per share.
• Hayek directly owns 200,172 common shares following the transaction.
• He also indirectly owns 2,000 common shares through an IRA at Merrill-Lynch and 1,630 shares through an IRA at Vanguard, which includes shares acquired through dividend reinvestment as of March 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reflecting routine transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity related to tax obligations and dividend reinvestments, which are common occurrences.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations and dividend reinvestments of an executive.

Key Dates