Form 4: Worthington Enterprises CEO Joseph Hayek Reports Changes in Beneficial Ownership

Joseph Hayek, President & CEO of Worthington Enterprises, reports changes in beneficial ownership of common shares and phantom stock as of April 4, 2025.

Summary

• Joseph B. Hayek, the President & CEO of Worthington Enterprises, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates transactions involving common shares and phantom stock acquired under the Deferred Compensation Plan.
• As of April 4, 2025, Hayek directly owns 187,507 common shares.
• He also indirectly owns 2,000 common shares through a Merrill-Lynch IRA and 1,649 common shares through a Vanguard IRA.
• Hayek holds 4,507.98 phantom stock units, reflecting theoretical common shares under the company's deferred compensation plan.
• These phantom stock units cannot be transferred to alternative investment options within the plan until distribution, which generally commences upon leaving Worthington Enterprises and its subsidiaries.
• The reported amount includes additional common shares acquired through dividend reinvestment in the IRA and additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 31, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their holdings and transactions in the company's stock. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company insiders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Worthington Enterprises, Joseph Hayek, Common Shares, Phantom Stock, Deferred Compensation Plan, Dividend Reinvestment, IRA