Worthington (WOR) CEO Joseph B. Hayek Receives 4.74-Share Award

What Happened Joseph B. Hayek, President & CEO and Director of Worthington Enterprises, received an award (code A) of 4.74 theoretical/derivative WOR common shares on August 7, 2026. The filing values the award at $58.42 per share, totaling roughly $277. This was an issuance of phantom/deferred shares (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-08-07; 4.74 shares @ $58.42 each; total ≈ $277.
• Transaction type: Award/grant of derivative shares (Form 4 code A).
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing date: Report filed 2026-08-10 reporting the Aug 7 transaction.
• Relevant footnotes:
  • F1: Includes additional common shares from dividend reinvestment in the IRA (plan statement dated June 30, 2026).
  • F2/F4: The credited amounts include “phantom stock” in the 2005 Deferred Compensation Plan for Directors that track WOR common shares one-for-one and reflect dividend reinvestment.
  • F3: Phantom stock amounts credited after Oct 1, 2014 may not be transferred to other deemed investment options and are distributed only in WOR common shares (generally upon leaving the company).

Context This was a deferred-compensation award of theoretical (phantom) WOR shares that track the company’s common stock. Such phantom share credits increase an insider’s deferred equity balance but are not immediately tradeable common shares; distributions are typically made in actual WOR shares at a later date per the plan rules. This filing reports a routine compensation/reinvestment event rather than a market buy or sale.