Worthington (WOR) Director Kerrii B. Anderson Receives Awards

What Happened

• Kerrii B. Anderson, a director of Worthington Enterprises, Inc. (WOR), received equity awards on Sept. 23–24, 2026. She was granted 192.63 restricted shares valued at $59.70 each (total value $11,500) and was credited with 2,510 theoretical/phantom WOR shares (acquired at $0).
• Both entries are recorded as awards (transaction code A). The restricted shares are derivative (subject to vesting); the phantom shares are bookkeeping credits in a director deferred compensation plan and involve no cash outlay.

Key Details

• Transaction dates/prices: 2026-09-23 — 192.63 restricted shares @ $59.70 (value $11,500, derivative); 2026-09-24 — 2,510 phantom shares @ $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • Restricted stock vests on the earlier of one year after grant or the next annual shareholders’ meeting (F1).
  • Phantom shares track WOR common stock 1:1 in the director deferred compensation plan; they generally cannot be moved to other investment options and are paid out only in WOR shares (F2–F3).
  • The 2,510 phantom-share amount includes additional theoretical shares credited via dividend reinvestment since the last Form 4 update (F4).
• Filing timeliness: Form 4 was filed on 2026-09-25, shortly after the Sept. 23–24 grants (no late-filing flag shown).

Context

• Restricted stock grants to non-employee directors are common as compensation and vest over time; they are derivative until vested and may be subject to forfeiture if service ends before vesting.
• Phantom/deferred shares are bookkeeping credits in a compensation plan (no cash exchanged) and are typically converted to actual WOR shares only upon distribution (often when the director leaves the board). These awards do not indicate an immediate open-market purchase or sale.