CHAN KEVIN J 4

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

AI-generated summary of this filing

Updated Mar 23, 2026

Worthington (WOR) Controller Kevin J. Chan Receives Award (Phantom Shares)

What Happened

Kevin J. Chan, Controller of Worthington Enterprises, was credited with 5.15 theoretical/phantom WOR shares on March 20, 2026. The report values the award at $47.64 per share, total ~$245. This is an acquisition (award) of derivative shares in a deferred compensation/401(k) plan, not an open-market purchase of actual stock.

Key Details

Transaction date and price: March 20, 2026 — 5.15 phantom shares at $47.64 each (total ~$245). (Transaction code: A = Award/Grant/Other acquisition; reported as derivative.)
Shares owned after transaction: Not specified in the Form 4 provided.
Filing timeliness: Report filed March 23, 2026; filing appears timely under Section 16 deadlines.
Source and plan notes: The credit is reported based on a 401(k) plan statement dated March 20, 2026 (F1). The credited phantom shares track WOR common shares one-for-one (F2).
Plan mechanics: Under the Plan (effective Oct 1, 2014), amounts credited to the phantom stock option cannot be moved to other deemed investments until distribution; distributions are made only in WOR common shares and generally occur when an employee leaves the company (F3). The reported amount includes additional unfunded theoretical shares from dividend reinvestment as of Dec 31, 2025 (F4).

Context

This was a derivative/phantom share credit in a deferred-compensation/401(k) vehicle — it does not represent a current transfer of actual WOR common stock to the insider. Such plan credits are typically administrative and routine; they don’t by themselves signal a buy or sell sentiment.

Form 4

Period: 2026-03-20

Controller

Transactions

Award
Phantom Stock
[F2][F3][F4]
2026-03-20$47.64/sh+5.15$245→ 207.82 total
→ Common Shares (5.15 underlying)

Holdings

Footnotes (4)

[F1]The information in this report is based on a 401(k) Plan statement dated as of March 20, 2026.
[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, 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 theoretical Worthington Enterprises, Inc. common shares deemed investment option 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 Kevin J. Chan|2026-03-23

1 file