Form 4: Worthington Enterprises Controller Insider Transaction
Statement of Changes in Beneficial Ownership
Kevin J. Chan, Controller of Worthington Enterprises, acquired 4.71 shares of phantom stock via a deferred compensation plan.
Summary
- Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), reported an acquisition of 4.71 shares of phantom stock.
- The transaction occurred on April 2, 2026, at a price of $52.04 per share.
- The acquisition was made through the company's 2005 Deferred Compensation Plan.
- Following this transaction, the reporting person holds 5,806 direct common shares and 3,026.03 shares indirectly via a 401(k) plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard executive compensation activity.
Positives
- Continued alignment of management interests with shareholders through participation in deferred compensation plans.
- Consistent accumulation of company equity by internal leadership.
Negatives
- The transaction volume is immaterial to the overall market capitalization of the company.
Risks
- Value of phantom stock is tied to the performance of Worthington Enterprises common shares.
- Distributions from the deferred compensation plan are generally restricted until the reporting person leaves the company.
Future Outlook
No specific forward-looking guidance provided; the filing relates solely to routine internal compensation plan activity.
Industry Context
StockSavvy.ai notes that routine insider transactions involving deferred compensation plans are standard corporate governance practices and generally do not signal shifts in company strategy or outlook.
Comparison to Industry Standards
- The use of phantom stock plans is a common executive compensation tool among mid-cap industrial firms to align management with long-term shareholder value.
- The reporting of these transactions via Form 4 is consistent with SEC regulatory requirements for corporate officers.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a routine internal compensation adjustment.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 2014-10-01 | Effective date for changes to the 2005 Deferred Compensation Plan regarding transferability of phantom stock. |
| 2026-03-27 | Dividend reinvestment date for phantom stock. |
| 2026-04-02 | Transaction date for the acquisition of phantom stock. |
| 2026-04-06 | Filing date of the Form 4. |
Keywords
Worthington Enterprises, WOR, Insider Trading, Form 4, Deferred Compensation, Phantom Stock
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