CHAN KEVIN J 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed Jul 13, 2026
Research Summary
AI-generated summary of this filing
Worthington (WOR) Controller Kevin J. Chan Receives Award of 4.52 Shares
What Happened
Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), was credited with 4.52 theoretical (phantom) WOR shares on July 10, 2026. The filing reports a per-share value of $54.27, for a total reported value of approximately $245. This was an award/acquisition under a company plan (derivative phantom stock), not an open-market purchase.
Key Details
- Transaction date and price: July 10, 2026 — 4.52 shares at $54.27 per share (total reported $245).
- Form filed: Reported on July 13, 2026 (timely filing for the July 10 transaction).
- Shares owned after transaction: Not specified in the provided filing.
- Transaction type: A = Award/grant/acquisition (derivative phantom stock credited).
- Notable footnotes:
- F1: Based on a 401(k) Plan statement dated July 10, 2026.
- F2–F3: These are "phantom" WOR common shares in the company’s deferred compensation plan that track actual WOR shares 1:1 and generally cannot be moved to other plan options after Oct 1, 2014; distributions are made in WOR common shares (typically when leaving the company).
- F4: The amount includes additional unfunded theoretical shares credited via a dividend reinvestment feature on June 29, 2026.
Context
This was a derivative award (phantom stock) credited under a 401(k)/deferred compensation plan, not the receipt of actual marketable shares. Such credits track the company’s stock value and are usually converted to real shares (and distributed) only under plan distribution rules (e.g., upon termination), so this does not represent an open-market buy or sale.
Insider Transaction Report
- Award
Phantom Stock Acquired Under the Deferred Compensation Plan
[F2][F3][F4]2026-07-10$54.27/sh+4.52$245→ 311.17 total→ Common Shares (4.52 underlying)
- 7,036
Common Shares
- 3,103.4(indirect: By 401(k))
Common Shares
[F1]
Footnotes (4)
- [F1]The information in this report is based on a 401(k) Plan statement dated as of July 10, 2026.
- [F2]The theoretical WOR common shares ("phantom stock") credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "Plan") track WOR common shares on a one-for-one basis.
- [F3]Prior to October 1, 2014, the account balances related to the phantom stock investment option could be immediately transferred to other deemed investment options under the terms of the Plan. The Plan provides that, effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries.
- [F4]The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.