WOR insider updates holdings, now 6,310 shares plus phantom stock
Rhea-AI Filing Summary
Worthington Enterprises, Inc. (WOR) officer and Controller Kevin J. Chan reported updated holdings of company equity as of a transaction dated 11/14/2025. Following the reported activity, he holds 6,310 common shares directly and 2,960.7 common shares indirectly through a 401(k) Plan, based on a plan statement dated as of November 6, 2025.
In addition, Chan acquired 4.5 units of phantom stock under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan at a reference price of $54.52 per common share equivalent, bringing his total phantom stock position to 166.3 theoretical common shares. These phantom stock units track WOR common shares on a one-for-one basis and are generally distributable only in WOR common shares upon leaving Worthington Enterprises, Inc. and its subsidiaries.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.5 | $54.52 | $245.34 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- The information in this report is based on a 401(k) Plan statement dated as of November 6, 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, 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 September 29, 2025.
FAQ
What insider transaction did WOR officer Kevin J. Chan report on this Form 4?
Kevin J. Chan, an officer and Controller of Worthington Enterprises, Inc. (WOR), reported a transaction dated 11/14/2025 involving the acquisition of 4.5 units of phantom stock under a deferred compensation plan, as well as updated totals of his directly and indirectly held WOR common shares.
What is the phantom stock position reported by the WOR officer on this Form 4?
Chan acquired 4.5 units of phantom stock, bringing his total to 166.3 theoretical WOR common shares. These phantom stock units under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan track WOR common shares on a one-for-one basis and are distributable only in WOR common shares, generally upon leaving Worthington Enterprises, Inc. and its subsidiaries.
What price is associated with the newly acquired phantom stock units for WOR?
The newly acquired 4.5 phantom stock units are tied to a reference price of $54.52 per WOR common share equivalent, as disclosed for the derivative security in Table II.
How are the 401(k) Plan holdings for the WOR officer determined in this Form 4?
The 2,960.7 WOR common shares reported as indirectly owned by Kevin J. Chan through a 401(k) Plan are based on a 401(k) Plan statement dated as of November 6, 2025, as explained in the footnotes.
How do WOR phantom stock units work under the deferred compensation plan?
Under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, the theoretical WOR common shares (referred to as phantom stock) track WOR common shares on a one-for-one basis. Amounts credited to the phantom stock fund generally cannot be transferred to other 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.
What additional phantom stock was credited to the WOR officer’s account through dividend reinvestment?
The amount of 166.3 theoretical common shares of phantom stock reported includes additional unfunded theoretical WOR common shares credited under the dividend reinvestment feature of the 2005 NQ Plan on September 29, 2025.