CHAN KEVIN J 4

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.