Worthington Enterprises CEO acquires 5 phantom shares
Phantom-stock distributions are made only in WOR common shares and generally begin when the participant leaves Worthington Enterprises and its subsidiaries.
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Rhea-AI Filing Summary
Worthington Enterprises (WOR) President and CEO and director Joseph B. Hayek acquired 5 phantom shares under the deferred compensation plan on October 16, 2026; the transaction was reported at $64.24 per share. His reported phantom-stock balance afterward was 6,254 shares. The plan’s phantom shares track WOR common shares one-for-one; distributions are made only in common shares and generally begin upon leaving Worthington Enterprises and its subsidiaries.
Hayek’s reported holdings also included 239,125 common shares directly, 2,000 shares in a Merrill Lynch IRA and 1,689 in a Vanguard IRA. The Vanguard IRA amount includes shares acquired through dividend reinvestment, based on a September 30, 2026 plan statement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Acquired Under the Deferred Compensation Plan F2, F3, F4 | 4.96 | $64.24 | $318.63 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F1 | -- | -- | -- |
Footnotes (4)
- F1. 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, 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 for Directors, 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 September 29, 2026.
Key Figures
Key Terms
phantom stock financial
Deferred Compensation Plan financial
deemed investment options financial
dividend reinvestment feature financial
FAQ
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Can Hayek transfer WOR phantom stock to another investment option?
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