WORTHINGTON ENTERPRISES, INC.·4

Jul 1, 11:25 AM ET

HAYEK JOSEPH B 4

Research Summary

AI-generated summary

Updated

Worthington (WOR) CEO Joseph Hayek Withholds Shares for Taxes

What Happened

  • Joseph B. Hayek, President & CEO and a director of Worthington Enterprises (WOR), had a total of 5,418 shares withheld to satisfy tax withholding obligations tied to restricted stock vesting. The withholdings are reported as dispositions (shares withheld rather than open-market sales) and totaled approximately $291,279.

Key Details

  • Transaction dates and prices:
    • 2026-06-29: 785 shares withheld at $53.77 — $42,209
    • 2026-06-30: 4,633 shares withheld at $53.76 — $249,070
  • Total shares withheld: 5,418; total value ≈ $291,279.
  • Shares owned after the transactions: not specified in the provided summary (see full Form 4 for post-transaction holdings).
  • Footnotes:
    • F1: These share dispositions represent shares withheld upon the vesting of restricted stock to satisfy the reporting person's tax withholding obligation.
    • F2: The filing notes the reported amount includes additional common shares from dividend reinvestment in an IRA per the plan statement dated March 31, 2026.
  • Timeliness: Filed 2026-07-01 for transactions on 2026-06-29 and 2026-06-30 — appears timely (Form 4 is generally due within two business days).

Context

  • This was a tax-withholding disposition tied to RSU vesting (routine administrative action), not an open-market sale or new purchase. Such withholdings are common and do not necessarily indicate the insider is reducing their investment stake.