4/A: Worthington Enterprises Director Corrects Stock Ownership in Amended SEC Filing

Michael J. Endres, a director at Worthington Enterprises, filed an amended SEC Form 4/A to correct the number of phantom stock shares credited to his deferred compensation plan account.

Summary

• Michael J. Endres, a director of Worthington Enterprises, Inc., filed an amendment to a previous Form 4 filing.
• The amendment corrects the number of phantom stock shares credited to his account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors.
• The corrected filing shows 1,779.44 shares of phantom stock were credited, compared to the previously reported 1,536.72 shares.
• The phantom stock tracks Worthington Enterprises common shares on a one-for-one basis.
• The reported holdings include additional shares credited due to the dividend reinvestment feature of the plan since the last update on October 3, 2022.
• Distributions from the plan are made only in WOR common shares and generally commence upon leaving the Board of Directors.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating a neutral sentiment. The correction itself doesn't suggest any positive or negative implications for the company's performance or outlook.

Future Outlook

Distributions are made only in WOR common shares and generally commence upon leaving the Board of Directors of Worthington Enterprises, Inc.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings of company insiders.

Stakeholder Impact

• The correction provides more accurate information to shareholders regarding the director's holdings.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates