Form 4: Worthington Enterprises Controller Kevin J. Chan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kevin J. Chan, Controller of Worthington Enterprises, reports changes in beneficial ownership of common shares and phantom stock acquired under the deferred compensation plan.
Summary
- Kevin J. Chan, Controller of Worthington Enterprises, filed a Form 4 with the SEC.
- The report details changes in beneficial ownership of Worthington Enterprises, Inc. securities.
- Chan acquired 5.55 units of phantom stock under the Deferred Compensation Plan on February 21, 2025, at a price of $42.42.
- Chan directly owns 5,589 common shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates changes in Kevin J. Chan's holdings of Worthington Enterprises securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| October 1, 2014 | Effective this date, amounts credited to the phantom stock fund may not be transferred to alternative deemed investment options under the Plan until distribution. |
| February 21, 2025 | Transaction date: Acquisition of phantom stock under the Deferred Compensation Plan. |
| February 24, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Worthington Enterprises, Kevin J. Chan, Phantom Stock, Deferred Compensation Plan, Securities, Controller
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