HAYEK JOSEPH B 4

4 · WORTHINGTON ENTERPRISES, INC. · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 23, 2026

Worthington (WOR) CEO Joseph B. Hayek Receives 5.81-Share Award

What Happened

Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, Inc. (WOR), was credited with a derivative award of 5.81 theoretical/phantom WOR shares on 2026-03-20. The filing values the award at $47.64 per share for a total of about $277. This was an award/grant (Form 4 code A), not an open-market purchase or sale.

Key Details

Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (filed within the two-business-day window).
Reported amount: 5.81 shares at $47.64 per share; total value ≈ $277.
Transaction type: A = Award/Grant (derivative interest/phantom stock under the company plans).
Shares owned after the transaction: not specified in the provided filing summary.
Notable footnotes:
- F1/F4: The amount includes additional shares credited via dividend reinvestment as of 12/31/2025.
- F2: The credited "phantom stock" tracks WOR common shares one-for-one under the 2005 Deferred Compensation Plan (for directors).
- F3: Phantom stock credited on or after 10/1/2014 may not be transferred to other deemed investment options and is distributed only in WOR common shares (generally upon leaving the company).

Context

This was a derivative award under the company’s deferred compensation/phantom stock arrangements; it does not reflect an open-market buy or sell. Such awards are typically part of executive compensation and do not necessarily indicate a personal purchase decision. Distributions of these phantom shares are generally made in actual WOR shares and are subject to plan restrictions described above.

Form 4

Period: 2026-03-20

DirectorPresident & CEO

Transactions

Award
Phantom Stock Acquired Under the Deferred Compensation Plan
[F2][F3][F4]
2026-03-20$47.64/sh+5.81$277→ 5,060.63 total
→ Common Shares (5.81 underlying)

Holdings

Footnotes (4)

[F1]The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated December 31, 2025.
[F2]The theoretical WOR common shares ("phantom stock") credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "Plan") track WOR common shares on a one-for-one basis.
[F3]Prior to October 1, 2014, the account balances related to the phantom stock investment option could be immediately transferred to other deemed investment options under the terms of the Plan. The Plan provides that, effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries.
[F4]The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on December 31, 2025.

Signature

/s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek|2026-03-23

1 file