HAYEK JOSEPH B 4

What Happened

• Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, was credited with 4.88 shares (derivative/phantom stock) on May 29, 2026. The award is reported at $56.77 per share for a total reported value of approximately $277. This was an award/acquisition (Form 4 code "A"), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed within the two-business-day requirement).
• Security: The reported shares are derivative/“phantom” WOR common shares credited under Worthington’s deferred compensation plans (not immediate issuance of cash).
• Price/value: $56.77 per share; total reported value ≈ $277.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: dividend reinvestment increased the credited shares (F1, F4); phantom shares track WOR one-for-one (F2); phantom amounts generally cannot be transferred to other plan options after Oct 1, 2014 and are distributed only in WOR common shares, typically upon leaving the company (F3).

Context

• These were theoretical/phantom shares credited under deferred compensation plans (derivative securities). That means Hayek did not buy open‑market stock nor sell shares — the entry reflects compensation/plan credits (including dividend reinvestment), which are common and do not necessarily signal a change in insider sentiment.