HAYEK JOSEPH B 4

What Happened
Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, Inc. (WOR), was credited with a grant/award of 4.84 shares (reported as a derivative interest) at a per-share value of $57.16, totaling about $277. The Form 4 classifies the transaction as an acquisition/award (code A) of a derivative security rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-20; Report filed: 2026-02-23 (timely filing).
• Price/value reported: $57.16 per share; total value ≈ $277.
• Transaction type/code: Grant/award (A); reported as a derivative (phantom stock/other theoretical shares).
• Shares owned after transaction: Not specified in the supplied excerpt.
• Notable footnotes:
  • F1: Includes additional common shares acquired via dividend reinvestment in an IRA (plan statement dated 12/31/2025).
  • F2–F4: The credited units are “phantom” or theoretical WOR shares under the company’s deferred compensation plan (track WOR shares 1:1); dividends may be reinvested and distributions are made in WOR shares, with certain transfer restrictions effective 10/1/2014.

Context
This entry reflects a small, routine compensation/plan credit (derivative award/phantom shares) rather than an open-market buy or sale. Phantom stock in the deferred compensation plan tracks actual WOR shares one-for-one and is typically paid out in company shares upon distribution events (e.g., separation from service), so the entry does not represent an immediate purchase or sale of market-traded shares.