HAYEK JOSEPH B 4

What Happened

• Joseph B. Hayek, President & CEO and Director of Worthington Enterprises, was credited with 5.02 shares (derivative/phantom shares) on April 17, 2026. The filing lists an acquisition value of $55.15 per share, totaling about $277. This was reported as an award/grant (derivative), not an open-market purchase.

Key Details

• Transaction date and price: April 17, 2026 — 5.02 shares at $55.15 each (reported value ≈ $277).
• Transaction type: A (Grant/Award/Other Acquisition) reported as a derivative (phantom/theoretical shares), not direct common-stock purchase.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Part of the amount includes common shares added via dividend reinvestment in an IRA (plan statement dated Mar 31, 2026).
  • F2–F4: The reported units are “phantom” WOR shares credited under Worthington’s deferred compensation and nonqualified plans; they track WOR common shares one-for-one, are generally not transferable among plan options after Oct 1, 2014, and are paid out in WOR shares (typically upon departure).
• Filing date: Form filed Apr 20, 2026, reporting the Apr 17 transaction (filing timeliness not stated in the excerpt).

Context

• These were derivative/phantom-share credits under company plans (deferred compensation and plan dividend reinvestment), which represent a right to receive WOR shares later rather than an immediate market purchase. Such awards are typically routine compensation or plan-account adjustments and do not by themselves indicate a buy/sell decision in the open market.