Worthington Enterprises, Inc. Controller Kevin J. Chan filed a Form 4 on November 2, 2026, disclosing a phantom stock acquisition under the company's Deferred Compensation Plan with a transaction date of October 30, 2026.

Key Highlights

  • Reporting person: Kevin J. Chan, Controller of Worthington Enterprises, Inc. (NYSE:WOR)
  • Phantom stock acquired: 4.03 theoretical common shares credited to Chan's deferred compensation account on October 30, 2026, at a price of $62.75 per share
  • Total phantom stock held following transaction: 345.71 derivative securities (phantom stock) held directly under the Deferred Compensation Plan
  • Direct common share holdings: 7,036 common shares held directly following the reported transaction
  • Indirect common share holdings: 3,156.2 common shares held indirectly via a 401(k) Plan, based on a plan statement dated October 30, 2026
  • Dividend reinvestment: The 4.03 phantom shares reported include additional theoretical shares credited through the dividend reinvestment feature of the 2005 NQ Plan on September 29, 2026

Chan's Deferred Compensation Phantom Stock Activity at Worthington Enterprises

According to the filing, Kevin J. Chan, who serves as Controller of Worthington Enterprises, Inc., acquired 4.03 theoretical common shares, referred to as "phantom stock," credited to his account under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan. The transaction was recorded on October 30, 2026, with a per-share price of $62.75. The filing notes that these phantom shares track WOR common shares on a one-for-one basis.

The filing explains that the 4.03 phantom shares reported include additional unfunded theoretical common shares credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on September 29, 2026. Following this transaction, Chan's total phantom stock position stands at 345.71 shares held directly under the plan. The filing states that distributions from the plan are made only in WOR common shares and "generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries."

The filing also discloses that, effective October 1, 2014, 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. In addition to the derivative holdings, Chan directly holds 7,036 common shares and indirectly holds 3,156.2 common shares through a 401(k) Plan, based on a plan statement dated as of October 30, 2026. The Form 4 was signed by Patrick J. Kennedy as attorney-in-fact for Kevin J. Chan and filed on November 2, 2026.

What Was Disclosed

The filing reports the acquisition of 4.03 phantom stock units under Worthington Enterprises' Deferred Compensation Plan by Controller Kevin J. Chan, along with his direct holding of 7,036 common shares and indirect holding of 3,156.2 shares through a 401(k) Plan.