Worthington Enterprises (WOR) controller reports added phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises officer updates deferred compensation holdings. Controller Kevin J. Chan reported an award of 4.15 units of WOR-linked phantom stock on February 6, 2026, at a reference price of $59.10 per unit under a deferred compensation plan.
After this credit, he beneficially owned 193.57 phantom stock units and also held 5,806 Worthington Enterprises common shares directly, plus 2,989.34 common shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CHAN KEVIN J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.15 | $59.10 | $245.27 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 193.57 shares (Direct);
Common Shares — 5,806 shares (Direct);
Common Shares — 2,989.34 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- The information in this report is based on a 401(k) Plan statement dated as of February 6, 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, 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 theoretical Worthington Enterprises, Inc. common shares deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on December 31, 2025.
FAQ
What insider transaction did WOR officer Kevin J. Chan report?
Kevin J. Chan reported receiving 4.15 units of WOR-linked phantom stock on February 6, 2026. These units were credited under a deferred compensation plan and reference a price of $59.10 per unit, increasing his total phantom stock holdings to 193.57 units.
What is phantom stock in the Worthington Enterprises (WOR) deferred compensation plan?
Phantom stock in the Worthington Enterprises deferred compensation plan consists of theoretical WOR common shares. These units track WOR common shares on a one-for-one basis and are credited to the participant’s plan account, with distributions made only in WOR common shares upon leaving the company.
What are the restrictions on transferring WOR phantom stock in the plan?
Since October 1, 2014, amounts credited to the WOR phantom stock fund in the deferred compensation plan may not be transferred to other deemed investment options until distribution. Distributions are made only in WOR common shares and generally begin when the participant leaves Worthington Enterprises and its subsidiaries.
How were additional WOR phantom stock units credited to Kevin J. Chan’s account?
The reported phantom stock amount includes additional unfunded theoretical WOR common shares credited through a dividend reinvestment feature. These units were added under the 2005 nonqualified plan’s WOR common shares deemed investment option as of December 31, 2025, and reflected in the February 6, 2026 statement.
What role does Kevin J. Chan hold at Worthington Enterprises (WOR)?
Kevin J. Chan is identified as an officer of Worthington Enterprises, serving in the role of Controller. His Form 4 filing reflects his beneficial ownership in both WOR common shares and WOR-linked phantom stock units under company benefit and compensation plans.