CHAN KEVIN J 4

What Happened

• Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), received an award/credit of 4.59 theoretical (phantom) WOR common shares on May 15, 2026.
• The filing values the credit at $53.38 per share, totaling approximately $245. This was a plan credit (derivative award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-15; Price used for valuation: $53.38 per share.
• Amount credited: 4.59 theoretical (phantom) WOR common shares; total value ≈ $245.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Filing: Form 4 filed 2026-05-19 (within the standard two business-day window for insider reporting).
• Footnotes of note:
  • F1: Report based on a 401(k) statement dated May 15, 2026.
  • F2–F4: These are “phantom” shares under the company’s deferred compensation plan that track WOR common shares one-for-one, cannot be transferred to other deemed investment options after Oct 1, 2014, and are distributed only in WOR common shares (generally upon leaving the company). The reported amount includes dividend-reinvested theoretical shares credited Mar 27, 2026.

Context

• This is a derivative plan credit (phantom stock) within a deferred compensation/401(k) plan, which is a routine compensation/benefit transaction and does not represent a market purchase or sale.
• Phantom-share credits track the company’s common stock value but are unfunded and settle in actual WOR shares upon distribution; they should be interpreted as plan compensation rather than an independent insider purchase signal.