Worthington Enterprises (WOR) CEO adds phantom stock and reports share holdings
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 reported a grant of 4.74 phantom stock units under the Worthington deferred compensation plan on 2026-08-07 at $58.42 per unit, bringing his phantom stock balance to 6,207.38 theoretical common shares. These phantom units track WOR common shares one-for-one and, under the plan, amounts credited to the phantom stock fund generally cannot be moved to other investment options and are distributed only in WOR common shares, typically after leaving the company.
On the same date, Hayek reported 239,125 common shares held directly, plus 2,000 common shares held indirectly through an IRA at Merrill Lynch and 1,683 common shares held indirectly through an IRA at Vanguard, the latter including additional shares from a dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
HAYEK JOSEPH B
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan F2, F3, F4 | 4.74 | $58.42 | $276.91 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Acquired Under the Deferred Compensation Plan — 6,207.38 shares (Direct);
Common Shares — 239,125 shares (Direct);
Common Shares — 2,000 shares (Indirect, By IRA (Merrill-Lynch));
Common Shares — 1,683 shares (Indirect, By IRA (Vanguard))
Footnotes (4)
- F1. The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated June 30, 2026.
- F2. 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.
- F3. 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.
- F4. 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 June 29, 2026.
Key Figures
Phantom stock units granted: 4.7400 units
Phantom stock price: $58.4200 per unit
Total phantom stock units after grant: 6207.3800 units
+3 more
6 metrics
Phantom stock units granted
4.7400 units
Grant/award acquisition on 2026-08-07 under deferred compensation plan
Phantom stock price
$58.4200 per unit
Value used for 4.74 phantom stock units granted on 2026-08-07
Total phantom stock units after grant
6207.3800 units
Theoretical WOR common shares credited in phantom stock account after transaction
Direct common shares held
239125.0000 shares
Direct WOR common share holdings reported as of 2026-08-07
Indirect IRA (Merrill Lynch) shares
2000.0000 shares
WOR common shares held indirectly via IRA at Merrill Lynch
Indirect IRA (Vanguard) shares
1683.0000 shares
WOR common shares held indirectly via IRA at Vanguard, including dividend reinvestment
Key Terms
phantom stock, Deferred Compensation Plan, dividend reinvestment feature, 2005 NQ Plan, +1 more
5 terms
phantom stock financial
"The theoretical WOR common shares ("phantom stock") credited to the reporting person's account"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan financial
"Phantom Stock Acquired Under the Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
dividend reinvestment feature financial
"includes the additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature"
2005 NQ Plan financial
"credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026"
IRA financial
"By IRA (Merrill-Lynch)"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What did WOR President & CEO Joseph B. Hayek report in this Form 4?
Joseph B. Hayek reported a grant of 4.74 phantom stock units at $58.42 each under a deferred compensation plan, increasing his phantom stock balance to 6,207.38 theoretical WOR common shares as of 2026-08-07.
How many WOR phantom stock units does Joseph B. Hayek now hold?
After the reported grant, Hayek holds 6,207.38 theoretical WOR common shares as phantom stock. These units track WOR common shares one-for-one and are generally distributable only in WOR common shares upon leaving the company.
How does WOR’s phantom stock deferred compensation plan work for Hayek?
Hayek’s phantom stock units are theoretical WOR common shares under a deferred compensation plan, tracking common shares one-for-one. Since October 1, 2014, amounts in the phantom stock fund cannot be reallocated to other options and are generally distributed in shares upon leaving the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
