Form 4: Worthington Enterprises CEO Reports Stock Holdings

Worthington Enterprises' President & CEO, Joseph B. Hayek, filed a Form 4 detailing his direct and indirect beneficial ownership of common shares and phantom stock.

Summary

• Joseph B. Hayek, President & CEO of Worthington Enterprises, Inc. (WOR), filed a Form 4 statement of changes in beneficial ownership.
• He directly owns 210,814 common shares of Worthington Enterprises.
• He indirectly owns 2,000 common shares through an IRA (Merrill-Lynch) and 1,665 common shares through an IRA (Vanguard), which includes shares acquired via dividend reinvestment on September 30, 2025.
• On November 28, 2025, he acquired 5.04 phantom stock units under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors.
• The acquisition price for these phantom stock units was $54.86 per unit.
• Following this transaction, he beneficially owns a total of 5,001.28 phantom stock units, which includes units credited from dividend reinvestment on September 29, 2025.
• Phantom stock units track WOR common shares on a one-for-one basis, and distributions are made in WOR common shares generally upon leaving Worthington Enterprises, Inc. and its subsidiaries.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of insider beneficial ownership changes, not indicative of significant positive or negative company performance.

Positives

• Management's beneficial ownership of a significant number of common shares (210,814 directly, 3,665 indirectly) aligns their interests with shareholders.
• The acquisition of 5.04 phantom stock units further increases management's vested interest in the company's long-term performance.

Negatives

• No specific negative events or metrics are reported in this routine ownership disclosure.

Risks

• No specific risks are detailed in this beneficial ownership statement.

Future Outlook

This filing is a disclosure of beneficial ownership changes and does not contain forward-looking statements or guidance.

Management Comments

• Joseph B. Hayek, President & CEO, is reporting changes in his beneficial ownership of Worthington Enterprises securities.

Industry Context

This filing is a routine insider transaction report specific to Worthington Enterprises and does not provide broader industry context.

Comparison to Industry Standards

• This filing is a routine insider ownership disclosure and does not contain information suitable for comparison to industry standards or specific comparable companies/projects.

Corporate Governance

Related Party Transactions

• No related party transactions are explicitly detailed beyond the executive's participation in the company's deferred compensation plan.

Stakeholder Impact

• Shareholders: Provides transparency into executive ownership, potentially signaling management's confidence in the company's future.
• Employees: No direct impact mentioned beyond the executive's compensation structure.

Next Steps

• No specific future actions or milestones are mentioned in this beneficial ownership report.

Key Dates

Keywords

Worthington Enterprises, WOR, Joseph B. Hayek, Form 4, insider ownership, beneficial ownership, common shares, phantom stock, deferred compensation