Form 4: Worthington Enterprises VP Kennedy Reports Tax Withholding Share Disposal
SEC Form 4 Filing
Patrick J. Kennedy, VP-General Counsel & Secretary of Worthington Enterprises, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On June 25, 2024, Patrick J. Kennedy, VP-General Counsel & Secretary of Worthington Enterprises, disposed of 643 common shares.
- The shares were withheld to satisfy tax obligations related to the vesting of restricted stock.
- The transaction occurred at a price of $50.16 per share.
- Following the transaction, Kennedy directly owns 18,355 common shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
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 practice of covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 06/26/2024 | Date of signature on the Form 4 filing. |
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