HAYEK JOSEPH B 4

What Happened Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, received an award/acquisition of 5.32 theoretical (derivative/phantom) WOR shares on April 2, 2026. The filing values the award at $52.04 per share, for a total of approximately $277. This was an award/grant (code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-02; Price/value reported: $52.04 per share; total value ≈ $277.
• Transaction type: A = Award/Grant of derivative (phantom) shares, not immediately issued common stock.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Includes additional common shares acquired via dividend reinvestment feature of an IRA (plan statement dated 12/31/2025).
  • F2–F4: The credited shares are "phantom stock" under the 2005 Deferred Compensation Plan (track WOR shares 1:1); phantom shares are unfunded, include dividend reinvestment credit (3/27/2026), and generally can't be transferred to other deemed investments after 10/1/2014.
• Timeliness: Filing date 2026-04-06 for a 2026-04-02 transaction — filed within the required two business days (timely).

Context This transaction reflects compensation/plan credits (deferred compensation and dividend reinvestment) resulting in theoretical or phantom share credits. Phantom shares track WOR common stock on a one‑for‑one basis but are unfunded rights that are typically settled in actual WOR common shares upon distribution (often when the participant leaves the company). Such awards are standard compensation mechanics and do not represent an open‑market purchase or sale.