Form 4: WOR Director Davis Receives Restricted Stock Grant

Worthington Enterprises, Inc. granted Director Mark C. Davis 2,815 restricted common shares as part of its 2025 Equity Plan for Non-Employee Directors.

Summary

• Director Mark C. Davis acquired 2,815 common shares of Worthington Enterprises, Inc. on September 25, 2025.
• The acquisition was a restricted stock award granted at a price of $0.00 per share.
• The award was made pursuant to the Worthington Enterprises, Inc. 2025 Equity Plan for Non-Employee Directors.
• Following this transaction, Mr. Davis beneficially owns a total of 47,294 common shares.
• The restricted stock will vest on the earlier of the first anniversary of the grant date or the date of the next Annual Meeting of Shareholders of Worthington Enterprises, Inc.

Sentiment

Score: 6

Explanation: The filing reports a routine compensation event for a director, which is generally a neutral to slightly positive signal as it aligns management interests with shareholders. No significant positive or negative financial implications are immediately apparent from this specific transaction.

Positives

• Aligns Director Mark C. Davis's interests with those of shareholders through equity ownership, promoting long-term value creation.
• Represents a standard component of compensation for non-employee directors, reflecting established corporate governance practices.

Negatives

• Results in minor dilution for existing shareholders due to the issuance of new shares, though the amount (2,815 shares) is relatively small.

Future Outlook

The restricted stock award for Director Mark C. Davis is set to vest on the earlier of September 25, 2026, or the date of the next Annual Meeting of Shareholders, aligning his future compensation with company performance.

Industry Context

The granting of restricted stock to non-employee directors is a common practice across industries, particularly in publicly traded companies, to attract and retain qualified board members and align their long-term interests with shareholder value.

Comparison to Industry Standards

• This type of equity-based compensation for non-employee directors is a standard practice in corporate governance, comparable to compensation structures seen in other industrial manufacturing and materials companies.
• Specific comparable companies, projects, or results are not detailed in this filing, but the mechanism of restricted stock grants for director compensation is widely adopted across public companies.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of restricted stock to Mark C. Davis, a Director of Worthington Enterprises, Inc., making it a related party transaction as it is a compensation event between the company and a board member.

Stakeholder Impact

• Shareholders experience minor dilution from the issuance of new shares, but the transaction aims to align director incentives with long-term shareholder value.
• The director receives equity compensation, which ties their personal financial interests directly to the company's stock performance.

Next Steps

• The restricted stock granted to Director Mark C. Davis will vest on the earlier of September 25, 2026, or the date of the next Annual Meeting of Shareholders.

Key Dates

Keywords

Worthington Enterprises, WOR, Mark C. Davis, Restricted Stock, Equity Plan, Director Compensation, Insider Transaction, Form 4, Corporate Governance