Form 4: Worthington Enterprises Controller Reports Stock Changes
Insider Transaction Report
Worthington Enterprises Controller Kevin J. Chan reported changes in his beneficial ownership of common shares and phantom stock, including acquisitions and holdings in a 401(k) plan and deferred compensation plan.
Summary
- Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), reported his beneficial ownership of company securities.
- He directly holds 6,310 common shares.
- He indirectly holds 2,960.69 common shares through a 401(k) Plan, based on a statement dated November 30, 2025.
- On November 28, 2025, Mr. Chan acquired 4.47 phantom stock units at a price of $54.86 per unit.
- These phantom stock units track WOR common shares on a one-for-one basis and are part of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan.
- Following this transaction, Mr. Chan beneficially owns 170.77 phantom stock units.
- The reported phantom stock amount includes additional theoretical common shares credited on September 29, 2025, due to the dividend reinvestment feature of the 2005 NQ Plan.
Sentiment
Score: 5
Explanation: The filing is a factual report of insider transactions and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.
Positives
- Acquisition of 4.47 phantom stock units on November 28, 2025, indicates continued participation and alignment with company performance through the deferred compensation plan.
Negatives
- No dispositions of securities were reported in this filing.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider's beneficial ownership changes and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Provides transparency regarding an officer's holdings and participation in company equity plans, which can be a factor in assessing management alignment.
Key Dates
| Date | Description |
|---|---|
| 09/29/2025 | Additional unfunded theoretical common shares (phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan. |
| 11/28/2025 | Date of earliest transaction, specifically the acquisition of 4.47 phantom stock units. |
| 11/30/2025 | Date of the 401(k) Plan statement used for reporting indirect common share ownership. |
| 12/01/2025 | Date the Form 4 was signed by the attorney-in-fact for Kevin J. Chan. |
Keywords
Worthington Enterprises, WOR, Form 4, Insider Trading, Beneficial Ownership, Phantom Stock, Deferred Compensation, 401(k) Plan, Controller
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