Worthington Enterprises (WOR) CEO Joseph Hayek files Form 4 on phantom stock and share holdings
Rhea-AI Filing Summary
Worthington Enterprises, Inc. insider Joseph B. Hayek, the company’s President & CEO and a director, reported routine equity-related activity on a Form 4. On 11/28/2025, 5.04 units of theoretical WOR common shares, described as phantom stock, were acquired under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors at a reference price of $54.86 per unit, bringing his total phantom stock holdings to 5,001.28 units held directly.
The filing also shows 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. Explanatory notes state that some of these common and phantom shares were credited through dividend reinvestment features in the retirement and deferred compensation plans.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan | 5.04 | $54.86 | $276.49 |
| 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.
