WOR President Steven Caravati Withholds Shares for Taxes

What Happened Steven M. Caravati, President — Consumer Products of Worthington Enterprises (WOR), had a total of 1,756 shares withheld to satisfy tax withholding upon the vesting of restricted stock. The Form 4 shows 185 shares withheld on 2026-06-29 at $53.77 (≈ $9,947) and 1,571 shares withheld on 2026-06-30 at $53.76 (≈ $84,457). These disposals are tax-withholding transactions tied to vesting — not open-market sales.

Key Details

• Transaction dates and prices: 2026-06-29 — 185 shares @ $53.77; 2026-06-30 — 1,571 shares @ $53.76.
• Total shares withheld: 1,756; combined value ≈ $94,404.
• Shares owned after the transaction: not specified in the filing.
• Footnote: F1 indicates these shares were withheld upon the vesting of restricted stock to satisfy the reporting person's tax withholding obligation.
• Filing timeliness: Form filed 2026-07-01; transactions occurred 2026-06-29 and 2026-06-30. The filing appears timely (no late filing indicated).

Context This was a routine cashless withholding of shares to cover taxes when restricted stock vested (not a discretionary sale). Such tax-withholding disposals typically do not signal a change in insider sentiment about the company, unlike open-market purchases or deliberate sales.