Form 4: Worthington Enterprises CEO Joseph Hayek Reports Gift
Statement of Changes in Beneficial Ownership
President and CEO Joseph B. Hayek reported a gift of 475 common shares of Worthington Enterprises, Inc. stock.
Summary
- Joseph B. Hayek, President and CEO of Worthington Enterprises, Inc. (WOR), executed a gift transaction of 475 common shares on April 15, 2026.
- The transaction was recorded as a gift (Code G) with a price of $0.00.
- Following this transaction, Hayek maintains direct beneficial ownership of 210,339 common shares.
- Hayek also holds indirect interests in 2,000 shares via a Merrill-Lynch IRA and 1,677 shares via a Vanguard IRA.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the transaction is a gift and does not reflect a change in the executive's outlook on the company.
Positives
- The transaction was a charitable or personal gift rather than a market sale, indicating no change in the executive's long-term confidence in the company.
Negatives
- Minor reduction in direct share ownership due to the gift.
Risks
- None identified; this is a routine disclosure of a non-market transaction.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings regarding gifts are standard administrative disclosures and do not typically signal shifts in corporate strategy or financial performance.
Comparison to Industry Standards
- The filing is consistent with standard SEC reporting requirements for executive officers regarding changes in beneficial ownership.
Stakeholder Impact
- Minimal impact on shareholders as the transaction was a gift and not a market-based divestment.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Date of IRA plan statement reflecting dividend reinvestment. |
| 04/15/2026 | Date of the reported gift transaction. |
| 04/16/2026 | Date of filing. |
Keywords
Worthington Enterprises, WOR, Insider Trading, Form 4, Joseph Hayek, Executive Ownership
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