Worthington Enterprises (WOR) CEO Hayek Adds 4.75 Phantom Stock Units
Rhea-AI Filing Summary
Worthington Enterprises, Inc. insider Joseph B. Hayek, the company’s President, CEO and a director, reported the acquisition of 4.75 units of phantom stock on December 12, 2025 under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors.
These phantom stock units track WOR common shares on a one-for-one basis and were credited through the plan’s dividend reinvestment feature at a derivative price of $58.36 per unit, bringing his phantom stock balance to 5,006.03 units. Following the reported transactions, Hayek also beneficially owns 210,814 WOR common shares directly, plus 2,000 shares in an IRA at Merrill Lynch and 1,665 shares in an IRA at Vanguard, amounts that include additional shares acquired through dividend reinvestment as of September 30, 2025.
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FAQ
What insider transaction did Worthington Enterprises (WOR) report for Joseph B. Hayek?
Joseph B. Hayek, President, CEO and director of Worthington Enterprises, Inc., reported acquiring 4.75 units of phantom stock on December 12, 2025 under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors.
How many Worthington Enterprises (WOR) phantom stock units does Joseph B. Hayek now hold?
After the reported transaction, Joseph B. Hayek’s account shows 5,006.03 units of phantom stock, which are theoretical WOR common shares credited under the deferred compensation plan.
How many Worthington Enterprises (WOR) common shares does Joseph B. Hayek beneficially own?
Following the reported transactions, Joseph B. Hayek beneficially owns 210,814 WOR common shares directly, plus 2,000 shares in an IRA at Merrill Lynch and 1,665 shares in an IRA at Vanguard. These amounts include additional shares acquired through dividend reinvestment as of September 30, 2025.
What is phantom stock in the Worthington Industries deferred compensation plan for directors?
Under the plan, the theoretical WOR common shares referred to as phantom stock are credited to a participant’s account and track WOR common shares on a one-for-one basis. Amounts credited to the phantom stock fund generally cannot be transferred to other deemed investment options after October 1, 2014 and are distributed only in WOR common shares, typically when a participant leaves Worthington Enterprises, Inc. and its subsidiaries.
How were additional WOR phantom stock units credited to Joseph B. Hayek’s account in 2025?
The reported phantom stock units include amounts credited through dividend reinvestment features. The explanation notes that additional unfunded theoretical common shares were credited under the 2005 nonqualified plan on September 29, 2025, and 4.75 phantom stock units were acquired on December 12, 2025 under the deferred compensation plan.
At what price were the new Worthington Enterprises phantom stock units recorded?
The 4.75 phantom stock units acquired on December 12, 2025 were recorded at a derivative price of $58.36 per unit in the deferred compensation plan.