Form 4: Worthington Enterprises Executive James R. Bowes Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
James R. Bowes, President of Building Products at Worthington Enterprises, disposed of 2,426 common shares to cover tax obligations upon vesting of restricted stock.
Summary
- On June 25, 2024, James R. Bowes, President of Building Products at Worthington Enterprises, disposed of 2,426 common shares.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $50.16 per share.
- Following the transaction, Bowes directly owns 9,754 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of the stock disposal transaction. |
| 06/26/2024 | Date of signature for the Form 4 filing. |
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