Worthington (WOR) CEO Joseph Hayek Receives Award of 4.64 Shares

What Happened

• Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, received 4.64 shares (derivative/phantom shares) credited to his accounts on 2026-06-12. The report values the award at $59.68 per share for a total of about $277. This was not an open-market purchase or sale but an award/acquisition of theoretical/derivative shares.

Key Details

• Transaction date and price: 2026-06-12; 4.64 shares priced at $59.68 each (total ~$277). Transaction code: A (award/acquisition); reported as derivative.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Includes additional common shares from dividend reinvestment in an IRA (plan statement dated March 31, 2026).
  • F2–F4: These shares are "phantom stock" under Worthington’s deferred compensation plan (track WOR shares 1:1); phantom shares are unfunded, generally paid in WOR common shares upon distribution and (for credits after Oct 1, 2014) cannot be transferred to other deemed investment options until distribution.
• Filing timeliness: Report filed 2026-06-15 for the 2026-06-12 transaction; the filing appears timely under Form 4 rules.

Context

• This was a derivative/phantom-stock credit (deferred compensation and IRA dividend reinvestment), not a cash purchase or sale. Such awards are routine compensation or plan activity and do not necessarily signal immediate insider buying or selling intent.