Form 4: Worthington Enterprises Controller Kevin J. Chan Reports Changes in Beneficial Ownership
SEC Filing Form 4
Kevin J. Chan, Controller of 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
- On May 16, 2025, Kevin J. Chan, Controller of Worthington Enterprises, filed a Form 4 to report changes in beneficial ownership.
- The report details transactions involving common shares held directly and indirectly through a 401(k) plan, as well as phantom stock held in a deferred compensation plan.
- Chan directly owns 5,589 common shares.
- He also indirectly owns 2,831.99 common shares through a 401(k) plan.
- Additionally, Chan holds phantom stock, with an additional 3.94 shares credited on May 16, 2025.
- The total phantom stock holdings amount to 113.68 shares, including those credited through dividend reinvestment on March 31, 2025.
- Distributions from the deferred compensation plan are made only in Worthington Enterprises common shares and generally commence upon leaving the company.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and is typical for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| October 1, 2014 | Effective this date, amounts credited to the phantom stock fund in the deferred compensation plan cannot be transferred to alternative deemed investment options until distribution from the plan. |
| March 31, 2025 | Additional unfunded theoretical common shares (phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan. |
| May 16, 2025 | Date of the reported transaction and 401(k) Plan statement. |
| May 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Worthington Enterprises, Kevin J. Chan, Common Shares, Phantom Stock, 401(k) Plan, Deferred Compensation Plan
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