CHAN KEVIN J 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Worthington (WOR) Controller Kevin J. Chan Receives 4.51-Share Award
What Happened Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), was credited with 4.51 theoretical (phantom) WOR common shares on May 1, 2026. The filing reports an acquisition (award) of 4.51 shares at a per-share value of $54.38, totaling $245. This was a credit in a deferred compensation/401(k) plan (derivative holdings), not an open-market purchase.
Key Details
- Transaction date: 2026-05-01; Filing date (SEC accession): 2026-05-04.
- Reported transaction: Award/acquisition of 4.51 theoretical WOR shares at $54.38 each; total value $245.
- Transaction type: Derivative award / phantom stock credited under a deferred compensation/401(k) plan (code A).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: Report based on a 401(k) statement dated May 1, 2026.
- F2: These are theoretical "phantom" WOR shares that track WOR common stock one-for-one under the company’s Deferred Compensation Plan.
- F3: Phantom stock credited after Oct 1, 2014 may not be transferred to other deemed investment options until distribution; distributions are made only in WOR common shares and generally occur upon leaving the company.
- F4: The reported amount includes additional unfunded theoretical shares from dividend reinvestment credited Mar 27, 2026.
Context This was a plan credit of phantom/deferred-comp shares (not a market buy or sale). Such credits are routine plan activity and reflect bookkeeping for deferred compensation rather than an immediate cash transaction or open-market insider purchase. The reported value is small ($245), so this filing is informational and not necessarily a meaningful signal about insider sentiment.
Insider Transaction Report
- Award
Phantom Stock
[F2][F3][F4]2026-05-01$54.38/sh+4.51$245→ 235.53 total→ Common Shares (4.51 underlying)
- 5,806
Common Shares
- 3,038.11(indirect: By 401(k))
Common Shares
[F1]
Footnotes (4)
- [F1]The information in this report is based on a 401(k) Plan statement dated as of May 1, 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.