Form 4: Worthington Enterprises Controller Kevin J. Chan Reports Phantom Stock Acquisitions

Kevin J. Chan, Controller at Worthington Enterprises, reports acquisitions of phantom stock under the company's deferred compensation plan.

Summary

• Kevin J. Chan, Controller of Worthington Enterprises, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates acquisitions of phantom stock under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan.
• On January 10, 2025, 5.95 shares of phantom stock were acquired at a price of $39.62.
• On January 24, 2025, 5.64 shares of phantom stock were acquired at a price of $41.79.
• The reported amount includes additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on December 27, 2024.
• Distributions from the plan are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

Distributions from the deferred compensation plan are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, Worthington Enterprises, Kevin J. Chan, phantom stock, deferred compensation plan, beneficial ownership, WOR