[Form 4] WORTHINGTON ENTERPRISES, INC. Insider Trading Activity
Rhea-AI Filing Summary
HAYEK JOSEPH B reported acquisition or exercise transactions in this Form 4 filing.
WORTHINGTON ENTERPRISES, INC. President & CEO Joseph B. Hayek received a small grant of 4.64 units of phantom stock on June 12, 2026 at $59.68 per unit under the company’s deferred compensation plan. These theoretical shares track WOR common stock one-for-one and are payable in WOR common shares after he leaves the company.
After this award, his phantom stock balance stands at 5,338.83 units. The filing also shows direct ownership of 210,339 common shares and additional indirect holdings of 1,677 common shares in a Vanguard IRA and 2,000 common shares in a Merrill Lynch IRA, which include amounts accumulated through dividend reinvestment features.
Positive
- None.
Negative
- None.
Insights
CEO receives a routine, very small phantom stock credit tied to dividends.
The filing shows Joseph B. Hayek, President & CEO of Worthington Enterprises, was credited with 4.64 units of phantom stock at $59.68 per unit under a deferred compensation plan that tracks WOR common shares one-for-one.
Footnotes explain these are unfunded, theoretical shares within the 2005 deferred compensation plan, with distributions generally made in WOR common shares after departure. The 4.64-unit increase is minor relative to his 5,338.83-unit phantom balance and 210,339 directly held common shares, indicating a routine dividend-related credit rather than a directional bet.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan | 4.64 | $59.68 | $276.92 |
| 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 March 31, 2026. 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 March 27, 2026.
