Joseph B. Hayek, President and CEO of Worthington Enterprises, Inc., filed a Form 4 on August 10, 2026, reporting a transaction dated August 7, 2026, related to phantom stock units acquired under the company's deferred compensation plan.

Key Highlights

  • Reporting person and role: Joseph B. Hayek is identified as both a Director and President and CEO of Worthington Enterprises, Inc. (NYSE: WOR).
  • Phantom stock acquisition: 4.74 phantom stock units were acquired (transaction code A) on August 7, 2026, under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors.
  • Price of derivative security: The price of the derivative security is listed as $58.42 per the filing.
  • Total phantom stock following transaction: Hayek beneficially owned 6,207.38 phantom stock units following the reported transaction, held directly.
  • Non-derivative common shares: The filing reports 239,125 common shares held directly, 2,000 shares held indirectly by IRA (Merrill-Lynch), and 1,683 shares held indirectly by IRA (Vanguard).
  • IRA dividend reinvestment: The 1,683 IRA (Vanguard) shares include additional common shares acquired pursuant to the dividend reinvestment feature of that IRA, per a plan statement dated June 30, 2026.

Deferred Compensation Plan Transaction and Beneficial Ownership at Worthington Enterprises

According to the filing, Hayek acquired 4.74 phantom stock units on August 7, 2026, under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors (the "Plan"). The filing describes these units as theoretical WOR common shares credited to Hayek's account that track WOR common shares on a one-for-one basis. The filing states that the additional phantom stock credited on this date reflects the dividend reinvestment feature of the Plan, with the relevant credit dated June 29, 2026. Worthington Enterprises is a manufacturer operating in the pressure cylinders and related products sector, and WOR common shares serve as the underlying security for the phantom stock investment option within the Plan.

The filing notes that effective October 1, 2014, any amount credited to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution. The filing further states that "Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries." Following the reported transaction, Hayek's total beneficially owned phantom stock units stand at 6,207.38, held directly. The filing was signed by Patrick J. Kennedy as attorney-in-fact for Joseph B. Hayek on August 10, 2026.

On the non-derivative side, the filing reports that Hayek directly holds 239,125 common shares, with an additional 2,000 common shares held indirectly through an IRA at Merrill-Lynch and 1,683 common shares held indirectly through an IRA at Vanguard. No transaction codes or prices are listed for the non-derivative common share positions in the filing, meaning no open-market purchase or sale of common shares is reported for this period.

What Was Disclosed

The filing reports the acquisition of 4.74 phantom stock units by Worthington Enterprises' President and CEO on August 7, 2026, under a deferred compensation plan, along with the reporting person's current beneficial ownership across direct and indirect common share accounts.