Worthington (WOR) CEO Joseph Hayek Receives 5.55-Share Award

What Happened
Joseph B. Hayek, President & CEO and director of Worthington Enterprises, received an award/acquisition of 5.55 derivative common shares (valued at approximately $318) on September 18, 2026. The reported per-share value for the acquisition was $57.38. This was an award/accrual of derivative (phantom/unfunded) shares rather than an open-market purchase — generally not a direct buy signal.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-21 (filing appears timely).
• Transaction type/code: A (award/acquisition of derivative shares).
• Shares: 5.55 derivative/common-share equivalents at $57.38 each; total reported value ≈ $318.
• Post-transaction holdings: total shares owned after this specific transaction are not specified in the filing.
• Notable footnotes:
  • F1: Includes additional common shares from dividend reinvestment in an IRA.
  • F2–F4: These are theoretical/unfunded "phantom stock" shares credited under the company’s deferred compensation plan (track WOR shares 1:1); dividends may be reinvested and distributions are generally made in WOR common shares upon termination.

Context
This was an award/credit of derivative (phantom) shares tied to Worthington’s deferred compensation and dividend-reinvestment features, not a market purchase or sale. Phantom/unfunded shares typically track the company’s stock value but are paid or distributed later (often in shares when the participant leaves the company), so they are different from immediately tradable shares. The transaction is informational for investors but does not by itself indicate immediate buying or selling in the market.