Form 4: Worthington Enterprises: Insider Stock Transactions
Statement of Changes in Beneficial Ownership
Joseph B. Hayek, President & CEO and Director of Worthington Enterprises, Inc., reported transactions involving common shares and phantom stock.
Summary
- Joseph B. Hayek, President & CEO and Director of Worthington Enterprises, Inc., reported transactions on June 12, 2026.
- Hayek acquired 2,000 shares of common stock indirectly through an IRA at Merrill-Lynch.
- An additional 1,677 common shares were acquired indirectly through an IRA at Vanguard.
- Phantom stock, representing common shares under the Deferred Compensation Plan, was acquired, with a theoretical value of $59.68 per share.
- The phantom stock acquisition on June 12, 2026, amounted to 5,338.83 theoretical shares.
- Dividend reinvestment features in both IRAs and the Deferred Compensation Plan contributed to the acquisition of additional shares.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it indicates insider investment through stock acquisitions, but it does not provide new financial performance data or strategic outlook.
Positives
- Insider acquisition of company stock, indicating confidence in the company's future.
- Dividend reinvestment suggests a long-term investment strategy by the reporting person.
- Acquisition of phantom stock aligns executive compensation with shareholder value.
Future Outlook
The filing does not contain forward-looking statements or guidance. It reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director stock dealings. These filings are crucial for investors seeking to understand insider sentiment towards a company's stock.
Stakeholder Impact
- Shareholders: Increased transparency into insider holdings and potential confidence signals from executive stock purchases.
- Employees: May observe executive commitment to the company's performance through stock ownership.
- Creditors: No direct impact indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 06/12/2026 | Earliest transaction date and date of phantom stock acquisition. |
| 03/31/2026 | Date of IRA plan statement reflecting additional common shares acquired. |
| 03/27/2026 | Date of dividend reinvestment for phantom stock under the 2005 NQ Plan. |
| 10/01/2014 | Effective date for restrictions on transferring phantom stock to alternative investment options. |
| 06/15/2026 | Date of signature for the filing. |
Keywords
Form 4, Insider Trading, Worthington Enterprises, WOR, Common Shares, Phantom Stock, Deferred Compensation Plan, IRA, Joseph B. Hayek
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