10% Owner John P. McConnell sold 141,163 shares across 7 transactions for $8.2M (avg $58.15/share)
John P. McConnell, a 10% owner of Worthington Enterprises, executed 7 separate sales totaling 141,163 shares for $8,209,011.42 at a blended average price of $58.15, reducing his non-derivative holdings by 9.6% to 1,335,648 shares post-transaction. The sales occurred across three distinct dates spanning over one year (2024-05-07, 2025-05-13, and 2026-06-26 through 2026-07-01), with transaction prices ranging from $53.04 to $61.41, bracketing the current market price of $55.17. The stock has retreated 18.6% from its 52-week high and is down 8.7% over the trailing 30 days, while the company faces headwinds including 7.4% annual revenue decline and a P/E of 24.30. The distributed nature of these sales across multiple dates and price points, combined with McConnell's continued substantial 1.34M-share position and expired derivative holdings, indicates an incremental reduction rather than a material commitment-signaling shift in ownership stance.