Form 4: Worthington Enterprises Controller Kevin J. Chan Reports Changes in Beneficial Ownership

Kevin J. Chan, Controller at Worthington Enterprises, reports changes in beneficial ownership of common shares and phantom stock related to the company's 401(k) and deferred compensation plans.

Summary

• Kevin J. Chan, Controller of Worthington Enterprises, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates transactions involving common shares held directly and indirectly through a 401(k) plan.
• Chan also reported activity in phantom stock units held in the company's deferred compensation plan.
• These phantom stock units track Worthington Enterprises common shares on a one-for-one basis and are subject to certain transfer restrictions.
• The reported information is based on a 401(k) plan statement dated April 30, 2025.
• The filing also includes additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 31, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing is specific to an individual's holdings and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, beneficial ownership, Worthington Enterprises, phantom stock, Kevin J. Chan, securities, controller, 401(k), deferred compensation plan