HAYEK JOSEPH B 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Worthington (WOR) CEO Joseph B. Hayek Receives Award of 5.09 Shares
What Happened
Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, acquired 5.09 shares as a grant/award (reported as a derivative acquisition) on May 1, 2026. The filing values the award at $54.38 per share for a total of about $277. This was an award/crediting event under company/plan arrangements rather than an open‑market purchase.
Key Details
- Transaction date and price: May 1, 2026 — 5.09 shares at $54.38 each (total ~$277).
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Filing date: May 4, 2026 (filed within the normal SEC reporting window).
- Notable footnotes:
- F1/F4 — the reported amount includes additional shares credited via dividend reinvestment features.
- F2–F3 — these are “phantom” or theoretical WOR common shares credited under the 2005 Deferred Compensation Plan for Directors; they track WOR common shares one-for-one, are unfunded, and generally are distributed only in actual WOR shares (often when the participant leaves the company).
- Transaction type: Reported as “A” (award/acquisition) and as a derivative (not an immediate transfer of actual market shares).
Context
This is a plan-based, bookkeeping-style credit of derivative/phantom shares (and some IRA dividend reinvestment), not an open-market buy or a sale. Such awards are common for compensation and deferred‑pay arrangements; they do not necessarily indicate immediate purchases or sales of underlying stock.
Insider Transaction Report
- Award
Phantom Stock Acquired Under the Deferred Compensation Plan
[F2][F3][F4]2026-05-01$54.38/sh+5.09$277→ 5,283.04 total→ Common Shares (5.09 underlying)
- 210,339
Common Shares
- 2,000(indirect: By IRA)
Common Shares
- 1,677(indirect: By IRA)
Common Shares
[F1]
Footnotes (4)
- [F1]The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated March 31, 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 for Directors, 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 dividend reinvestment feature of the 2005 NQ Plan on March 27, 2026.