CHAN KEVIN J 4

What Happened
Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), was credited with 4.32 shares as an award/other acquisition (derivative) on May 29, 2026. The reported per-share value was $56.77, for a total notional value of approximately $245. This was a credit of "phantom stock" under a deferred compensation (401(k)) plan, not an open-market purchase.

Key Details

• Transaction date and value: May 29, 2026 — 4.32 shares at $56.77 each; total ~$245.
• Transaction type: A (award/grant/other acquisition) recorded as a derivative (phantom stock).
• Source: Credited per a 401(k) statement dated May 29, 2026 (footnote F1).
• Phantom-stock mechanics: The credited units track WOR common shares one-for-one under the company’s Deferred Compensation Plan (footnote F2).
• Transfer/distribution rules: Amounts credited to the phantom stock fund cannot be moved to other deemed investment options after Oct 1, 2014; distributions are paid in WOR common shares and generally occur upon leaving the company (footnote F3).
• Shares owned after transaction: The filing does not disclose total holdings after this credit.
• Filing date: Form 4 was filed on June 2, 2026 (transaction reported for May 29, 2026).

Context
This is a compensation-related credit of phantom shares into a deferred-compensation/401(k) plan — common for employees and not a market purchase or sale. Phantom shares are a derivative bookkeeping entry that tracks the stock value; they convert to actual WOR shares only upon distribution under the plan rules and do not immediately signal insider buying or selling.