Worthington (WOR) CEO Joseph Hayek Receives 4.87-Share Award

What Happened
Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, was credited with a 4.87-share award on August 21, 2026. The reported per-share price is $56.86, giving a total reported value of approximately $277. The entry is reported as a derivative acquisition (award/grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-21; Report filed: 2026-08-24 (filing appears timely).
• Transaction type/code: A — Grant/award or other acquisition (derivative).
• Shares credited: 4.87 shares at $56.86 per share; total value ≈ $277.
• Shares owned after transaction: Not disclosed in the provided summary.
• Footnotes of note:
  • F1: Amount includes common shares added via dividend reinvestment feature of an IRA (plan stmt dated June 30, 2026).
  • F2–F4: Some or all of the reported amount reflects “phantom stock” (theoretical WOR shares) under the 2005 Deferred Compensation Plan for Directors, which track WOR shares one-for-one and are generally paid out in actual WOR shares upon distribution; dividend reinvestment on June 29–30, 2026 increased the credited amounts.

Context
This is a small, routine compensation/plan credit (derivative/phantom stock and dividend reinvestment), not an open-market buy or sale. Phantom-stock credits track the company’s common shares but are unfunded and typically convert to actual shares upon plan distribution (e.g., when a participant leaves), so this transaction does not necessarily indicate immediate buying or selling of stock.