Worthington (WOR) Controller Kevin Chan Receives Award of 4.37 Shares

What Happened
Kevin J. Chan, Controller of Worthington Enterprises, recorded an acquisition (award) of 4.37 theoretical common shares (phantom stock) on July 24, 2026. The filing reports the award at $56.00 per share for a total reported value of $245. This was a derivative award under the company's deferred compensation/401(k) plan, not an open-market purchase.

Key Details

• Transaction date and price: July 24, 2026 — 4.37 shares @ $56.00 (total $245) (transaction code A = award/acquisition).
• Shares owned after transaction: Not specified on the Form 4.
• Filing date: July 27, 2026 — appears filed within the usual Form 4 reporting window.
• Footnotes of note: (F1) based on a 401(k) statement dated July 24, 2026; (F2) the credited “phantom stock” tracks WOR common shares one-for-one; (F3) amounts credited to the phantom stock option cannot be moved to other plan options after Oct 1, 2014 and distributions are made only in WOR common shares (typically upon leaving the company); (F4) the reported amount includes dividend-reinvestment crediting as of June 29, 2026.
• Transaction type: Derivative award (phantom stock), not a cash purchase or sale of actual market shares.

Context
Phantom stock in the deferred compensation plan represents theoretical shares that mirror WOR common stock value and are typically converted into actual shares only upon distribution from the plan (e.g., when a participant leaves the company). Such plan-based awards are routine compensation/retirement-plan activity and do not necessarily signal the insider’s view on the stock.