Worthington (WOR) CEO Joseph Hayek Receives 5.09-Share Award

What Happened

• Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, was credited with 5.09 derivative shares (reported as an award/acquisition) on 2026-09-04. The reported per-share value was $62.49, for a total reported value of $318. This was not an open-market buy or sale but a credit in company plans (derivative/phantom stock and dividend reinvestment).

Key Details

• Transaction date: 2026-09-04; Reporting (filed) date: 2026-09-08 (appears to be later than the usual two-business-day Form 4 deadline).
• Type: A — Grant/award or other acquisition (derivative/phantom stock).
• Shares/amount: 5.09 theoretical/derivative shares at $62.49 each; total $318.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes of note:
  • F1: Includes additional common shares from dividend reinvestment in an IRA plan statement dated June 30, 2026.
  • F2–F4: These are unfunded "phantom" WOR common shares credited under the 2005 Deferred Compensation Plan (tracking WOR shares 1:1); after Oct 1, 2014, phantom stock balances generally cannot be moved to other deemed investment options and are paid out only in WOR common shares (typically upon leaving the company). F4 notes dividend-reinvestment credit on June 29, 2026.

Context

• This was a derivative/award credit (phantom stock and dividend reinvestment), not a market purchase or sale, so it represents plan-based compensation/crediting rather than a direct insider market signal. Phantom shares track actual WOR shares and are usually distributed in actual shares upon plan distribution events. The reported value is small ($318), indicating a routine plan credit rather than a material insider stake change.