Caravati Steven M 4

What Happened

• Steven M. Caravati, President – Consumer Products at Worthington Enterprises (WOR), received 569 common shares as a performance-based award on July 7, 2026 (reported on Form 4). 569 shares were reported as acquired at $0.00.
• As part of the vesting, 259 shares were withheld/disposed to satisfy tax withholding at an effective per-share amount of $53.09, totaling $13,750 (reported as disposition).

Key Details

• Transaction date: July 7, 2026; Form 4 filed July 8, 2026 (timely).
• Awarded: 569 shares (code A) — acquisition reported at $0.00.
• Withheld for taxes: 259 shares (code F) at $53.09 per share = $13,750.
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnotes: F1 — Award was a long-term performance share granted June 30, 2023 under the company’s LTIP and earned based on performance for the three‑year period ending May 31, 2026; Compensation Committee approved payout on June 22, 2026. F2 — Shares withheld to satisfy tax withholding obligations upon vesting.
• Filing status: Filed the following day (no late-filing indication).

Context

• This was a performance-share award vesting and routine tax withholding, not an open-market sale or purchase. The withholding (F) reduces the net shares delivered to the insider and should be seen as a compensation-related event rather than a directional buy/sell signal.