Form 4: Worthington Enterprises insider updates holdings and plan units
Rhea-AI Filing Summary
Worthington Enterprises (WOR) President & CEO and Director Joseph B. Hayek reported acquiring 4.94 units of theoretical WOR common shares (phantom stock) on 10/31/2025 under the company’s Deferred Compensation Plan at a derivative price of $56.09. Following this transaction, he beneficially owned 4,991.16 phantom stock units directly.
His non-derivative holdings following the reported transactions were 210,814 WOR common shares held directly, plus 2,000 shares indirectly via an IRA (Merrill-Lynch) and 1,665 shares indirectly via an IRA (Vanguard). The filing notes additional common shares acquired through the dividend reinvestment feature of the IRA as of September 30, 2025, and additional phantom stock units credited through dividend reinvestment on September 29, 2025.
The phantom stock tracks WOR common shares on a one-for-one basis. Under plan provisions effective October 1, 2014, amounts in the phantom stock fund may not be transferred to other deemed options until distribution, which is made in WOR common shares and generally commences upon leaving the company and its subsidiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan | 4.94 | $56.09 | $277.08 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated September 30, 2025. The theoretical WOR common shares ("phantom stock") credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "Plan") track WOR common shares on a one-for-one basis. Prior to October 1, 2014, the account balances related to the phantom stock investment option could be immediately transferred to other deemed investment options under the terms of the Plan. The Plan provides that, effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries. The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on September 29, 2025.