[Form 4] WORTHINGTON ENTERPRISES, INC. Insider Trading Activity
Worthington Enterprises (WOR) President & CEO Joseph B. Hayek, who also serves as a director, reported updated holdings of company equity. Following the most recent activity, he beneficially owns 210,814 common shares directly, plus 2,000 common shares held indirectly through an IRA at Merrill Lynch and 1,665 common shares held indirectly through an IRA at Vanguard. In the company’s deferred compensation plan, he also acquired 5.08 units of phantom stock tied one-for-one to WOR common shares at a reference price of $54.52, bringing his phantom stock balance to 4,996.23 units. Some of these amounts include additional shares and phantom stock credited through dividend reinvestment features of the respective plans.
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FAQ
What does the latest Form 4 for WOR show about Joseph B. Hayek's holdings?
The Form 4 shows that Joseph B. Hayek, President & CEO and director of Worthington Enterprises (WOR), beneficially owns 210,814 common shares directly, plus indirect holdings through IRAs and phantom stock in a deferred compensation plan.
How many Worthington Enterprises (WOR) shares does Joseph B. Hayek hold directly and indirectly?
He holds 210,814 WOR common shares directly, 2,000 common shares indirectly via an IRA at Merrill Lynch, and 1,665 common shares indirectly via an IRA at Vanguard.
What is the phantom stock reported for Joseph B. Hayek in WOR's deferred compensation plan?
The filing reports that theoretical WOR common shares, referred to as phantom stock, are credited to his account under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, tracking WOR common shares on a one-for-one basis.
How much new phantom stock did Joseph B. Hayek acquire in this WOR Form 4?
On 11/14/2025, he acquired 5.08 units of phantom stock under the deferred compensation plan at a reference price of $54.52 per common share equivalent.
What is Joseph B. Hayek's total phantom stock balance related to WOR common shares?
After the reported transaction, his account reflects 4,996.23 units of phantom stock tied to WOR common shares, including units credited through dividend reinvestment features of the plan.
How are distributions from Joseph B. Hayek's phantom stock plan in WOR made?
Under the plan terms, distributions related to the phantom stock are made only in WOR common shares and generally begin when the participant leaves Worthington Enterprises, Inc. and its subsidiaries.
What restrictions apply to transferring phantom stock balances in the WOR deferred compensation plan?
Effective October 1, 2014 and thereafter, any amount credited to the phantom stock fund in the plan may not be transferred to an alternative deemed investment option until distribution.