CHAN KEVIN J 4

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.