Form 4: Worthington Enterprises Controller Reports Stock Transactions

Worthington Enterprises' Controller, Kevin J. Chan, reported the disposition of 504 common shares for tax withholding and the acquisition of 4.64 phantom stock units.

Summary

• Kevin J. Chan, Controller of Worthington Enterprises, Inc. (WOR), reported transactions involving the company's securities.
• On December 22, 2025, 504 common shares were disposed of at a price of $52.79 per share. This transaction was to satisfy tax withholding obligations upon the vesting of restricted stock.
• Following this transaction, Kevin J. Chan directly beneficially owns 5,806 common shares.
• Additionally, 2,960.69 common shares are indirectly beneficially owned through a 401(k) Plan, based on a statement dated November 30, 2025.
• On December 26, 2025, 4.64 phantom stock units were acquired at a price of $52.87 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.
• The amount of phantom stock reported includes additional theoretical common shares credited on September 29, 2025, due to a dividend reinvestment feature.
• As of the reporting date, 179.61 phantom stock units are directly beneficially owned.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, specifically the disposition of shares for tax withholding and the acquisition of phantom stock. These are standard compensation-related activities and do not indicate a significant positive or negative shift in company performance or outlook.

Positives

• The acquisition of 4.64 phantom stock units indicates continued participation and alignment of the Controller with the company's equity performance.
• The phantom stock units track common shares on a one-for-one basis, providing a direct link to shareholder value.

Negatives

• The disposition of 504 common shares, although for tax withholding purposes, reduces the direct beneficial ownership of common stock by the Controller.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity and does not provide information related to broader industry trends or competitive landscape. It reflects an individual executive's compensation-related stock transactions.

Stakeholder Impact

• Shareholders: The transactions represent a minor change in the Controller's direct and indirect holdings, which is a routine disclosure and unlikely to have a material impact on the company's stock price or overall shareholder value.
• Employees: The phantom stock and 401(k) plan details provide insight into executive compensation structures, which may be of general interest to employees.

Key Dates

Keywords

Worthington Enterprises, WOR, Form 4, Insider Transaction, Stock Transaction, Phantom Stock, Tax Withholding, Restricted Stock, Deferred Compensation Plan, Controller