Worthington Enterprises officer granted phantom stock
Worthington Enterprises controller Kevin J. Chan reported an acquisition of 4.3700 units of phantom stock under a deferred compensation plan on July 24, 2026 at $56.0000 per unit, increasing his phantom stock balance to 315.5400 units.
Rhea-AI Filing Summary
Worthington Enterprises controller Kevin J. Chan reported an acquisition of 4.3700 units of phantom stock under a deferred compensation plan on July 24, 2026 at $56.0000 per unit, increasing his phantom stock balance to 315.5400 units. The reported phantom stock amount includes units credited through a dividend reinvestment feature on June 29, 2026. He also reports holding 7,036.0000 common shares directly and 3,109.3000 common shares through a 401(k) plan as of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 4.37 shares
Grant/Award
3 txns
Insider
CHAN KEVIN J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan F2, F3, F4 | 4.37 | $56.00 | $244.72 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Acquired Under the Deferred Compensation Plan — 315.54 contracts (Direct);
Common Shares — 7,036 shares (Direct);
Common Shares — 3,109.3 shares (Indirect, By 401(k) Plan)
Footnotes (4)
- F1. The information in this report is based on a 401(k) Plan statement dated as of July 24, 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, 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 acquired: 4.3700 units
Phantom stock grant price: $56.0000 per unit
Total phantom stock after transaction: 315.5400 units
+2 more
5 metrics
Phantom stock units acquired
4.3700 units
Grant/award acquisition on July 24, 2026 under deferred compensation plan
Phantom stock grant price
$56.0000 per unit
Reference price for phantom stock units acquired on July 24, 2026
Total phantom stock after transaction
315.5400 units
Theoretical WOR common shares credited in deferred compensation account
Direct common shares held
7036.0000 shares
Direct ownership of Worthington Enterprises common shares as of July 24, 2026
Common shares held via 401(k) plan
3109.3000 shares
Indirect ownership through a 401(k) plan statement dated July 24, 2026
Key Terms
phantom stock, Deferred Compensation Plan, dividend reinvestment feature, 401(k) Plan
4 terms
phantom stock financial
"The theoretical WOR common shares phantom stock credited to the reporting person's account track WOR shares."
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 is credited under the Worthington Industries, Inc. Amended and Restated 2005 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
"The amount reported includes additional theoretical common shares credited pursuant to the dividend reinvestment feature."
401(k) Plan financial
"Information is based on a 401(k) Plan statement dated as of July 24, 2026."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Worthington Enterprises (WOR) report for Kevin J. Chan?
Kevin J. Chan acquired 4.3700 units of phantom stock on July 24, 2026 at $56.0000 per unit under a deferred compensation plan. This increased his phantom stock holdings to 315.5400 units that track Worthington Enterprises common shares on a one-for-one basis.
What is the phantom stock reported for Worthington Enterprises (WOR) in Kevin J. Chan’s account?
The phantom stock represents theoretical WOR common shares credited under a deferred compensation plan that track WOR common shares one-for-one. Amounts cannot be moved to other investment options after October 1, 2014, and distributions are made only in WOR common shares.
Does Kevin J. Chan’s Worthington Enterprises (WOR) transaction involve a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, indicating the reported acquisition was not made pursuant to an affirmed Rule 10b5-1 trading plan. No footnote describes any separate pre-arranged trading arrangement for this phantom stock credit.
How were dividend reinvestments reflected in Kevin J. Chan’s WOR phantom stock position?
The reported phantom stock amount includes additional theoretical WOR common shares credited under a dividend reinvestment feature on June 29, 2026. These reinvested amounts are part of the 315.5400 phantom stock units now credited to his deferred compensation account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
