Form 4: Worthington Enterprises Senior VP Awarded Restricted Stock Under Incentive Plan

Sonya L. Higginbotham, Senior Vice President of Worthington Enterprises, Inc., was granted 1,490 restricted common shares as part of the company's 2024 Long-Term Incentive Plan.

Summary

• Sonya L. Higginbotham, a Senior Vice President at Worthington Enterprises, Inc. (WOR), acquired 1,490 common shares on June 26, 2025.
• The acquisition was an award of restricted stock granted under the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan.
• The restricted stock was granted at a price of $0.00 per share.
• These restricted shares are scheduled to vest on the third anniversary of the grant date.
• Following this transaction, Ms. Higginbotham directly beneficially owns 18,154 common shares.
• Additionally, she indirectly beneficially owns 439.36 common shares through a 401(k) Plan, as reported on a statement dated May 31, 2025.

Sentiment

Score: 7

Explanation: The filing reports a routine restricted stock award to a Senior Vice President, which is a positive sign of executive retention and alignment with shareholder interests through long-term incentives.

Positives

• The restricted stock award aligns the Senior Vice President's long-term interests with the company's performance and shareholder value.
• The grant is part of a formal Long-Term Incentive Plan, indicating a structured approach to executive compensation and retention.

Future Outlook

The restricted stock award vests on the third anniversary of the grant date, aligning the executive's long-term interests with the company's performance and future strategic objectives.

Management Comments

• The award of restricted stock to a Senior Vice President indicates the company's commitment to its 2024 Long-Term Incentive Plan, designed to incentivize and retain key executives.

Industry Context

Restricted stock awards are a common component of executive compensation packages across various industries, designed to incentivize long-term performance and align management interests with shareholder value. This filing reflects a standard practice in publicly traded companies.

Comparison to Industry Standards

• The use of restricted stock awards as part of executive compensation is a standard practice in publicly traded companies, including those in the manufacturing and industrial sectors where Worthington Enterprises operates.
• This method is widely adopted to foster long-term commitment and performance alignment, consistent with compensation strategies observed in comparable companies.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with long-term shareholder value.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The restricted shares are scheduled to vest on the third anniversary of the grant date, June 26, 2028.

Key Dates

Recommendation

Keywords

Worthington Enterprises, WOR, SEC Form 4, insider transaction, restricted stock, stock award, executive compensation, long-term incentive plan