Worthington Enterprises (WOR) controller adds phantom stock and reports share holdings
Rhea-AI Filing Summary
CHAN KEVIN J reported acquisition or exercise transactions in this Form 4 filing.
Worthington Enterprises, Inc. reported that Controller Kevin J. Chan received a grant of 4.2000 phantom stock units under the Amended and Restated 2005 Deferred Compensation Plan on August 7, 2026 at a reference price of $58.4200 per unit, bringing his phantom stock balance to 319.7400 theoretical common shares. These phantom shares track WOR common shares one-for-one, are generally non-transferable to other plan options after October 1, 2014, and are distributed only in WOR common shares, typically upon departure from the company. Chan also reported 7,036.0000 WOR common shares held directly and 3,114.9700 shares held indirectly through a 401(k) plan as of August 7, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
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 | 4.2 | $58.42 | $245.36 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Acquired Under the Deferred Compensation Plan — 319.74 shares (Direct);
Common Shares — 7,036 shares (Direct);
Common Shares — 3,114.97 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 August 7, 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 granted: 4.2000 units
Phantom stock reference price: $58.4200 per unit
Total phantom stock after grant: 319.7400 units
+2 more
5 metrics
Phantom stock units granted
4.2000 units
Grant under Amended and Restated 2005 Deferred Compensation Plan on August 7, 2026
Phantom stock reference price
$58.4200 per unit
Grant price for phantom stock units credited on August 7, 2026
Total phantom stock after grant
319.7400 units
Theoretical WOR common shares credited to Chan’s deferred compensation account
Direct common shares held
7,036.0000 shares
Direct WOR common share holdings reported as of August 7, 2026
401(k) common shares held indirectly
3,114.9700 shares
Indirect WOR common shares held via 401(k) Plan as of August 7, 2026
Key Terms
phantom stock, Deferred Compensation Plan, 401(k) Plan, dividend reinvestment feature, +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 credited to the reporting person's account in 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.
401(k) Plan financial
"information in this report is based on a 401(k) Plan statement dated as of August 7, 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.
dividend reinvestment feature financial
"includes the additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature"
nonqualified plan financial
"credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan"
FAQ
What did Worthington Enterprises (WOR) insider Kevin J. Chan receive on August 7, 2026?
Kevin J. Chan received a grant of 4.2000 phantom stock units under Worthington Enterprises’ deferred compensation plan on August 7, 2026, at a reference price of $58.4200 per unit, increasing his phantom stock balance to 319.7400 units.
How many Worthington Enterprises (WOR) phantom stock units does Kevin J. Chan now hold?
After the reported grant, Kevin J. Chan holds 319.7400 theoretical WOR common shares as phantom stock. These units track WOR common shares one-for-one within the company’s deferred compensation plan and are settled only in WOR common shares at distribution.
How does the Worthington Enterprises (WOR) deferred compensation phantom stock work for Kevin J. Chan?
Chan’s phantom stock units track WOR common shares one-for-one in the deferred compensation plan. Since October 1, 2014, amounts in the phantom stock fund cannot be transferred to other deemed investment options and are distributed only in WOR common shares, generally upon leaving the company.
What is the role of dividend reinvestment in Kevin J. Chan’s Worthington Enterprises (WOR) phantom stock?
The reported phantom stock amount includes additional unfunded theoretical common shares credited through a dividend reinvestment feature of the 2005 nonqualified plan, including credits made on June 29, 2026, which increase his phantom stock balance over time.
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