HAYEK JOSEPH B 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Worthington (WOR) CEO Joseph B. Hayek Receives 188 Shares
What Happened
Joseph B. Hayek, President & CEO and a director of Worthington Enterprises, received a grant/award of 188.03 theoretical (derivative) shares valued at $51.88 each, for a total reported value of approximately $9,755. This was reported as an acquisition under a deferred compensation/phantom stock arrangement rather than an open-market purchase of common stock.
Key Details
- Transaction date: 2026-03-24; filing date: 2026-03-25 (timely filed).
- Amount: 188.03 shares at $51.88 per share; total reported value ~$9,755.
- Transaction type: Award/other acquisition (derivative/phantom stock), not a market purchase.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1/F4: Amount includes additional shares credited via dividend reinvestment features as of 12/31/2025.
- F2: These are theoretical WOR common shares ("phantom stock") in the Worthington 2005 Deferred Compensation Plan for Directors that track WOR shares 1:1.
- F3: Phantom stock credited after Oct 1, 2014 may not be transferred to other deemed investment options and is generally distributed in WOR common shares only upon leaving the company.
Context
This entry represents a compensation-related credit under a deferred compensation/phantom stock plan, which is common for directors/executives. Because distributions are made in company shares and the reported units are derivative/phantom shares, this does not reflect an open-market purchase or sale and should be interpreted as part of executive compensation rather than a direct liquidity or investment decision.
Insider Transaction Report
- Award
Phantom Stock Acquired Under the Deferred Compensation Plan
[F2][F3][F4]2026-03-24$51.88/sh+188.03$9,755→ 5,248.66 total→ Common Shares (188.03 underlying)
- 210,814
Common Shares
- 2,000(indirect: By IRA)
Common Shares
- 1,671(indirect: By IRA)
Common Shares
[F1]
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.