Worthington Enterprises CEO Hayek updates WOR share and phantom holdings
Rhea-AI Filing Summary
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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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan | 5.08 | $54.52 | $276.96 |
| 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.
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.
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.
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.