HAYEK JOSEPH B 4
Research Summary
AI-generated summary
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.