Caravati Steven M 4

What Happened

• Steven M. Caravati, President – Consumer Products at Worthington Enterprises (WOR), received a total of 4,790 restricted shares on 2026-06-25 (grants reported as acquisition code “A”). The awards were granted at $0.00 per share (total reported grant value $0 at award). This is a compensation award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-06-25; Form 4 filed 2026-06-26 (timely filing).
• Grants: four awards totaling 4,790 shares (2,880; 1,600; 210; 100) at $0.00 per share.
• Vesting: footnotes indicate these are restricted stock awards under the 2024 Long-Term Incentive Plan with vesting staggered over first, second, and third anniversaries of the grant date.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding disposition, or sales reported in this filing; transaction code A = award/grant.

Context

• Restricted stock awards are common executive compensation that typically vest over time and tie pay to future stock performance; the reported $0 grant price reflects the nature of the award, not immediate realized value. Such awards are routine for retention/incentive purposes and do not represent an open-market bullish purchase.