HAYEK JOSEPH B 4/A

What Happened

• Joseph B. Hayek, President & CEO and director of Worthington Enterprises, was credited with 229.12 theoretical "phantom" WOR shares under the company's deferred compensation plan on March 25, 2026. The filing values the award at $49.51 per share for a total notional value of $11,344. This is an award/credit (A) of phantom stock — a form of deferred compensation — not an open‑market purchase or sale.
• This Form 4 is an amendment correcting an administrative error: the original filing had reported 188.03 phantom shares at $51.88 on March 24, 2026; the amended filing updates the record to 229.12 shares at $49.51 on March 25, 2026.

Key Details

• Transaction date and price: March 25, 2026 — 229.12 phantom shares at $49.51 each (total $11,344).
• Transaction type: Award/Grant (derivative — phantom stock).
• Shares owned after transaction: Not disclosed in the amended filing.
• Notable footnotes: Phantom shares track WOR common shares one-for-one (F1); amendment corrects an administrative error (F2); phantom shares credited under the Plan generally cannot be transferred to other deemed investment options after Oct 1, 2014 and are distributed only in WOR shares upon departure (F3); the amount includes dividend reinvestment credits through Dec 31, 2025 (F4).
• Filing status: Amended filing to correct previously reported amounts (administrative correction).

Context

• Phantom stock is a deferred compensation unit that mirrors the economic value of common shares but is not an immediate open‑market purchase; distributions are made in actual WOR shares (generally when the participant leaves the company). This award reflects compensation crediting rather than a buy or sale that signals near‑term trading intent.