CHAN KEVIN J 4

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.