Worthington Enterprises grants stock to controller
WORTHINGTON ENTERPRISES, INC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. Controller Kevin J. Chan reported equity-based compensation awards rather than open‑market trades. He received a grant of 1,030 Common Shares at a stated price of $0.00 per share as restricted stock under the 2024 Long-Term Incentive Plan, which will vest on the third anniversary of the grant date.
Chan also acquired 4.35 units of theoretical WOR Common Shares as “phantom stock,” which track Common Shares on a one-for-one basis in the company’s Deferred Compensation Plan. Following these entries, he holds 6,836 Common Shares directly, 3,061.32 Common Shares through a 401(k) Plan, and 259.81 phantom stock units.
Insider Trade Summary
Grant/Award: 1,034.35 shares
Grant/Award
3 txns
Insider
CHAN KEVIN J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.35 | $56.35 | $245.12 |
| Grant/Award | Common Shares | 1,030 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 259.81 contracts (Direct);
Common Shares — 6,836 shares (Direct);
Common Shares — 3,061.32 shares (Indirect, By 401(k) Plan)
Footnotes (4)
- F1. An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date.
- F2. The information in this report is based on a 401(k) Plan statement dated as of June 26, 2026.
- F3. 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, as amended (the "Plan") track WOR common shares on a one-for-one basis.
- F4. 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.
Key Figures
Restricted stock grant: 1,030 Common Shares
Restricted stock grant price: $0.00 per share
Phantom stock units granted: 4.35 units
+4 more
7 metrics
Restricted stock grant
1,030 Common Shares
Award to Controller Kevin J. Chan; vests on third anniversary
Restricted stock grant price
$0.00 per share
Stated price for 1,030-share restricted stock award
Phantom stock units granted
4.35 units
Phantom stock tracking WOR Common Shares one-for-one
Direct Common Shares after grant
6,836.0000 shares
Total direct Common Shares following the award transaction
Indirect 401(k) holdings
3,061.3200 shares
Common Shares held via 401(k) Plan as of June 26, 2026
Total phantom stock after grant
259.8100 units
Phantom stock units in deferred compensation plan after acquisition
Phantom stock reference price
$56.3500 per unit
Price field associated with 4.35 phantom stock units
Key Terms
Phantom Stock, restricted stock, 401(k) Plan, Deferred Compensation Plan, +1 more
5 terms
Phantom Stock financial
"The theoretical WOR common shares ("phantom stock") credited to the reporting person's account"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
restricted stock financial
"An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
401(k) Plan financial
"The information in this report is based on a 401(k) Plan statement dated as of June 26, 2026."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Deferred Compensation Plan financial
"credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Long-Term Incentive Plan financial
"An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Worthington Enterprises (WOR) insider Kevin J. Chan report on this Form 4?
Kevin J. Chan reported equity-based compensation awards, not market trades. He received 1,030 Common Shares of restricted stock and 4.35 phantom stock units, plus updated holdings in a 401(k) Plan and the deferred compensation plan.
What is the vesting schedule for Kevin J. Chan’s new Worthington Enterprises restricted stock?
The award of restricted stock will vest on the third anniversary of the grant date. This means Chan must remain eligible under the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan for three years before the 1,030-share grant fully vests.
What are the phantom stock units reported by Kevin J. Chan at Worthington Enterprises (WOR)?
Chan received 4.35 theoretical WOR Common Shares as phantom stock in a deferred compensation plan. These units track WOR Common Shares on a one-for-one basis, are not freely transferable, and are generally distributed in WOR Common Shares after he leaves the company and its subsidiaries.
Were Kevin J. Chan’s Worthington Enterprises (WOR) transactions open-market buys or sells?
No, the reported actions are grants and plan-related holdings, not open-market trades. The Form 4 shows restricted stock awards and phantom stock credited under company plans, categorized as grant or award acquisitions rather than purchases or sales in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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