CHAN KEVIN J 4

What Happened Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), was credited with 4.1 theoretical (phantom) WOR shares on June 12, 2026. The reported per-share value was $59.68, for a total notional value of $245. This was an award/allocation into a deferred compensation/401(k) plan (derivative), not an open-market purchase or sale of actual common stock.

Key Details

• Transaction type: Grant/Award (code A); derivative "phantom stock" credited to a deferred compensation/401(k) plan.
• Transaction date: June 12, 2026; SEC filing date: June 15, 2026 (timely).
• Amount: 4.1 theoretical shares at $59.68 each; total value reported $245.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • Based on a 401(k) plan statement dated June 12, 2026.
  • Phantom shares track WOR common shares one-for-one.
  • Under the Plan, phantom stock credited after Oct 1, 2014 cannot be moved to other deemed investment options and is distributed only in WOR common shares (typically when the participant leaves the company).

Context This is a routine deferred-compensation allocation of phantom shares, not an exercise or open-market trade. Phantom shares are bookkeeping units that track the company’s stock value and generally convert to actual WOR shares only upon distribution under the Plan; they do not represent immediate ownership or a sale. The small dollar amount ($245) suggests a routine plan credit rather than a material insider purchase or sale.