Form 4: Worthington Enterprises Executive Reports Performance Share Vesting and Tax-Related Stock Sale

James R. Bowes, President of Building Products at Worthington Enterprises, Inc., reported the acquisition of 707 common shares from a performance award and the disposition of 321 shares for tax withholding purposes.

Summary

• James R. Bowes, President of Building Products at Worthington Enterprises, Inc. (WOR), reported transactions involving the company's common shares.
• On July 1, 2025, Mr. Bowes acquired 707 common shares at a price of $0.00 per share, stemming from a long-term performance share award.
• This performance award was granted on June 24, 2022, under the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan.
• The shares were earned based on the achievement of specified performance objectives over the three-year period that concluded on May 31, 2025.
• The Compensation Committee of the Company's Board of Directors approved the payout of these shares on June 23, 2025.
• Concurrently, on July 1, 2025, Mr. Bowes disposed of 321 common shares at a price of $64.48 per share.
• These disposed shares were withheld to satisfy tax withholding obligations upon the vesting of the restricted stock.
• Following these transactions, Mr. Bowes beneficially owns 15,600 common shares directly.

Sentiment

Score: 7

Explanation: The document indicates successful achievement of performance objectives leading to an executive's stock award, which is a positive signal. The accompanying tax-related sale is a standard, neutral event.

Positives

• The acquisition of 707 common shares by James R. Bowes is a result of a long-term performance share award, indicating that the company met or exceeded its specified performance objectives over the three-year period ended May 31, 2025.

Negatives

• The disposition of 321 shares represents a reduction in direct beneficial ownership, although it was for the standard purpose of satisfying tax withholding obligations upon vesting.

Future Outlook

NA

Industry Context

This Form 4 filing details an executive's stock transactions, which are standard disclosures for publicly traded companies. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The report provides transparency into executive compensation and stock ownership, which can influence investor confidence. The payout of performance shares suggests positive company performance over the past three years.

Key Dates

Keywords

Worthington Enterprises, WOR, Form 4, Insider Transaction, Executive Compensation, Performance Shares, Stock Award, Tax Withholding, Building Products