HAYEK JOSEPH B 4

What Happened Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, received a grant/award of 5.43 theoretical common shares on March 6, 2026. The award is reported at an equivalent price of $51.03 per share for a total reported value of approximately $277. This transaction is coded as an "A" (award/grant/acquisition) and involves derivative/phantom stock rather than an open-market purchase of outstanding shares.

Key Details

• Transaction date: 2026-03-06; Report filed: 2026-03-09 (timely filing).
• Amount: 5.43 shares × $51.03 = ~$277 (derivative award).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • Dividend reinvestment added shares in an IRA (F1).
  • The credited units are "phantom stock" that track WOR common shares one-for-one under the 2005 Deferred Compensation Plan for Directors (F2).
  • Phantom-stock balances generally cannot be transferred to other deemed investment options after Oct 1, 2014, and distributions are made only in WOR common shares, typically upon leaving the company (F3).
  • Additional unfunded phantom shares were credited via dividend reinvestment on Dec 31, 2025 (F4).

Context This was a derivative award credited under a deferred compensation/phantom stock plan (not a cash purchase or open-market trade). Such awards increase a reporting person’s theoretical stake but are subject to plan distribution rules and are typically part of routine compensation or director compensation programs. The filing appears timely based on the reported dates.