CHAN KEVIN J 4

4 · WORTHINGTON ENTERPRISES, INC. · Filed Apr 20, 2026

AI-generated summary of this filing

Updated Apr 20, 2026

Worthington (WOR) Controller Kevin Chan Receives 4.44-Share Award

What Happened

Kevin J. Chan, Controller of Worthington Enterprises, received an award/acquisition of 4.44 theoretical (phantom) shares on April 17, 2026. The filing reports a per-share value of $55.15, for a total reported value of $245. This was a grant/credit to a deferred compensation/401(k) plan (derivative), not an open-market purchase of actual common shares.

Key Details

Transaction date and price: 2026-04-17 — 4.44 shares @ $55.15 each (total $245).
Transaction type: Award/acquisition (code A) of derivative "phantom" WOR common shares credited to a deferred compensation/401(k) plan.
Shares owned after transaction: Not specified in the provided filing.
Relevant footnotes:
- F1: Based on a 401(k) plan statement dated April 17, 2026.
- F2: The phantom shares track WOR common shares on a one-for-one basis.
- F3: Amounts credited to the phantom stock option cannot be moved to other investment options after Oct 1, 2014 and are distributed only in WOR common shares (generally upon leaving the company).
- F4: The reported amount includes additional theoretical shares from dividend reinvestment credited Mar 27, 2026.
Filing date: Form filed Apr 20, 2026 reporting the Apr 17, 2026 credit. (No late-filing claim indicated in the information provided.)

Context

These are derivative "phantom" shares credited under a deferred compensation/401(k) plan, meaning they represent a theoretical entitlement that tracks the company stock and are typically converted/distributed in actual WOR shares upon plan distribution — not an immediate purchase of tradable stock. Such plan credits are common for retirement/compensation purposes and do not by themselves indicate market trading intent.

Form 4

Period: 2026-04-17

Controller

Transactions

Award
Phantom Stock
[F2][F3][F4]
2026-04-17$55.15/sh+4.44$245→ 231.02 total
→ Common Shares (4.44 underlying)

Holdings

Footnotes (4)

[F1]The information in this report is based on a 401(k) Plan statement dated as of April 17, 2026.
[F2]The theoretical WOR common shares ("phantom stock") credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "Plan") track WOR common shares on a one-for-one basis.
[F3]Prior to October 1, 2014, the account balances related to the phantom stock investment option could be immediately transferred to other deemed investment options under the terms of the Plan. The Plan provides that, effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries.
[F4]The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the theoretical Worthington Enterprises, Inc. common shares deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 27, 2026.

Signature

/s/Patrick J. Kennedy, as attorney-in-fact for Kevin J. Chan|2026-04-20

1 file