Form 4: Worthington Enterprises Controller Kevin J. Chan Reports Changes in Beneficial Ownership
SEC Filing
Kevin J. Chan, Controller of Worthington Enterprises, reports transactions involving common shares and phantom stock in a recent SEC Form 4 filing.
Summary
- On March 25, 2025, Kevin J. Chan, Controller of Worthington Enterprises, filed a Form 4 with the SEC.
- The filing details changes in his beneficial ownership of Worthington Enterprises' common shares and phantom stock.
- Chan directly owns 5,589 common shares.
- He indirectly owns 2,798.1 common shares through a 401(k) plan.
- Chan acquired 4.14 units of phantom stock at a price of $41.63, bringing his total to 94.88 units.
- These phantom stock units track Worthington Enterprises' common shares on a one-for-one basis under the company's deferred compensation plan.
- Distributions from the plan are made only in Worthington Enterprises' common shares and generally commence upon leaving the company.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
Distributions from the deferred compensation plan are made only in Worthington Enterprises' common shares and generally commence upon leaving the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a key officer within Worthington Enterprises.
Key Dates
| Date | Description |
|---|---|
| October 1, 2014 | Effective date after which phantom stock fund amounts cannot be transferred to alternative deemed investment options until distribution from the Plan. |
| March 21, 2025 | Date of the 401(k) Plan statement used as the basis for the report. |
| March 25, 2025 | Date of the transaction involving phantom stock acquisition. |
| March 26, 2025 | Date of signature for the SEC filing. |
Keywords
Form 4, Worthington Enterprises, Beneficial Ownership, Kevin J. Chan, Common Shares, Phantom Stock, SEC Filing, Controller
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