HAYEK JOSEPH B 4

What Happened

• Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, Inc. (WOR), was credited with a derivative award of 5.81 theoretical/phantom WOR shares on 2026-03-20. The filing values the award at $47.64 per share for a total of about $277. This was an award/grant (Form 4 code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (filed within the two-business-day window).
• Reported amount: 5.81 shares at $47.64 per share; total value ≈ $277.
• Transaction type: A = Award/Grant (derivative interest/phantom stock under the company plans).
• Shares owned after the transaction: not specified in the provided filing summary.
• Notable footnotes:
  • F1/F4: The amount includes additional shares credited via dividend reinvestment as of 12/31/2025.
  • F2: The credited "phantom stock" tracks WOR common shares one-for-one under the 2005 Deferred Compensation Plan (for directors).
  • F3: Phantom stock credited on or after 10/1/2014 may not be transferred to other deemed investment options and is distributed only in WOR common shares (generally upon leaving the company).

Context

• This was a derivative award under the company’s deferred compensation/phantom stock arrangements; it does not reflect an open-market buy or sell. Such awards are typically part of executive compensation and do not necessarily indicate a personal purchase decision. Distributions of these phantom shares are generally made in actual WOR shares and are subject to plan restrictions described above.