Form 4: Worthington Enterprises SVP Sonya Higginbotham Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Sonya Higginbotham, Senior Vice President of Worthington Enterprises, reports the disposal of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On June 25, 2024, Sonya L. Higginbotham, Senior Vice President of Worthington Enterprises, disposed of 684 common shares to satisfy tax withholding obligations.
- The shares were withheld upon the vesting of restricted stock at a price of $50.16 per share.
- Following the transaction, Higginbotham directly owns 14,482 common shares and indirectly owns 432.88 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is common when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of the transaction where 684 common shares were disposed of to cover tax obligations. |
| 06/26/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.