Form 4: Worthington Enterprises Senior Vice President Sonya L. Higginbotham Reports Share Transactions
SEC Form 4 Filing
Senior Vice President of Worthington Enterprises, Sonya L. Higginbotham, reports the disposal of 146 common shares to cover tax obligations and discloses holdings in the company's 401(k) plan.
Summary
- Sonya L. Higginbotham, a Senior Vice President at Worthington Enterprises, filed a Form 4 detailing changes in her beneficial ownership of company stock.
- On December 23, 2024, she disposed of 146 common shares at a price of $41.04 per share.
- This disposal was to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Ms. Higginbotham directly owns 17,267.56 common shares.
- She also indirectly owns 436.12 common shares through the company's 401(k) plan, based on a statement dated September 30, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, with no significant positive or negative implications.
Industry Context
This is a routine filing related to executive stock transactions and is common practice for publicly traded companies. It provides transparency into the holdings of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The transaction is typical for executives who receive stock-based compensation, where shares are often sold to cover tax obligations upon vesting.
- The reported transaction is similar to those of other executives at comparable companies who also regularly report changes in their beneficial ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the plan statement for the company's 401(k) holdings. |
| 12/23/2024 | Date of the stock transaction where 146 shares were disposed of. |
| 12/26/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Worthington Enterprises, Executive Compensation, Share Disposal, Tax Withholding, 401(k)
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