Worthington Enterprises officer gets phantom stock grant
Worthington Enterprises controller Kevin J. Chan recorded additional phantom stock credited under a deferred compensation plan.
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Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises controller Kevin J. Chan recorded additional phantom stock credited under a deferred compensation plan. He acquired 4.51 phantom stock units tied to WOR common shares at $54.38 per unit through a dividend reinvestment feature, bringing his phantom stock balance to 235.53 units. He also holds 5,806 Worthington Enterprises common shares directly and 3,038.11 theoretical common shares through a 401(k) plan as of May 1, 2026.
Insider Trade Summary
Grant/Award: 4.51 shares
Grant/Award
3 txns
Insider
CHAN KEVIN J
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.51 | $54.38 | $245.25 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 235.53 contracts (Direct);
Common Shares — 5,806 shares (Direct);
Common Shares — 3,038.11 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 May 1, 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 theoretical Worthington Enterprises, Inc. common shares deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 27, 2026.
Key Figures
Phantom stock units acquired: 4.51 units
Phantom stock unit reference price: $54.38 per unit
Total phantom stock balance: 235.53 units
+2 more
5 metrics
Phantom stock units acquired
4.51 units
Credited via dividend reinvestment on May 1, 2026
Phantom stock unit reference price
$54.38 per unit
Price used for 4.51 phantom stock units
Total phantom stock balance
235.53 units
Phantom stock units after the May 1, 2026 credit
Direct common shares
5,806 shares
Direct Worthington Enterprises common share holdings as of May 1, 2026
401(k) plan theoretical shares
3,038.11 shares
Indirect WOR common shares via 401(k) Plan as of May 1, 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
"credited to the reporting person's account in 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.
401(k) Plan financial
"information in this report is based on a 401(k) Plan statement dated as of May 1, 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
"credited pursuant to the theoretical Worthington Enterprises, Inc. common shares deemed investment option pursuant to the dividend reinvestment feature"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WOR controller Kevin Chan report on this Form 4?
Kevin Chan reported receiving 4.51 phantom stock units tied to Worthington Enterprises (WOR) common shares. These units were credited under a deferred compensation plan via a dividend reinvestment feature, increasing his phantom stock balance to 235.53 units as of May 1, 2026.
How many Worthington Enterprises (WOR) phantom stock units does Kevin Chan now hold?
Kevin Chan now holds 235.53 phantom stock units linked one-for-one to Worthington Enterprises (WOR) common shares. This balance includes an additional 4.51 units credited on May 1, 2026 under the company’s deferred compensation plan through a dividend reinvestment feature.
What indirect WOR holdings does Kevin Chan have through a 401(k) Plan?
Through a 401(k) Plan, Kevin Chan has 3,038.11 theoretical Worthington Enterprises (WOR) common shares. This amount is based on a 401(k) plan statement dated May 1, 2026 and represents indirect ownership reported separately from his direct share and phantom stock balances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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