HAYEK JOSEPH B 4

What Happened
Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, received a grant/award of 188.03 theoretical (derivative) shares valued at $51.88 each, for a total reported value of approximately $9,755. This was reported as an acquisition under a deferred compensation/phantom stock arrangement rather than an open-market purchase of common stock.

Key Details

• Transaction date: 2026-03-24; filing date: 2026-03-25 (timely filed).
• Amount: 188.03 shares at $51.88 per share; total reported value ~$9,755.
• Transaction type: Award/other acquisition (derivative/phantom stock), not a market purchase.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1/F4: Amount includes additional shares credited via dividend reinvestment features as of 12/31/2025.
  • F2: These are theoretical WOR common shares ("phantom stock") in the Worthington 2005 Deferred Compensation Plan for Directors that track WOR shares 1:1.
  • F3: Phantom stock credited after Oct 1, 2014 may not be transferred to other deemed investment options and is generally distributed in WOR common shares only upon leaving the company.

Context
This entry represents a compensation-related credit under a deferred compensation/phantom stock plan, which is common for directors/executives. Because distributions are made in company shares and the reported units are derivative/phantom shares, this does not reflect an open-market purchase or sale and should be interpreted as part of executive compensation rather than a direct liquidity or investment decision.