Kevin J. Chan, Controller of Worthington Enterprises, Inc., filed a Form 4 on August 10, 2026, reporting changes in beneficial ownership of common shares and phantom stock as of August 7, 2026.

Key Highlights

  • Direct holdings: Chan directly beneficially owns 7,036 Common Shares of Worthington Enterprises following the reported transactions.
  • Indirect holdings via 401(k): Chan indirectly holds 3,114.97 Common Shares through a 401(k) Plan, based on a plan statement dated August 7, 2026.
  • Phantom stock acquired: On August 7, 2026, Chan acquired 4.2 phantom stock units under the Deferred Compensation Plan at a price of $58.42, under transaction code A.
  • Total phantom stock position: Chan beneficially owns 319.74 phantom stock units following the reported transaction, held indirectly and directly.
  • Dividend reinvestment credit: According to the filing, the phantom stock total includes additional theoretical shares credited via the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.
  • Distribution restrictions: The filing states that phantom stock balances credited on or after October 1, 2014 cannot be transferred to alternative investment options under the Plan and distributions are made only in WOR common shares, generally commencing upon leaving Worthington Enterprises, Inc. and its subsidiaries.

Chan's Holdings in Worthington Enterprises Common Shares and Phantom Stock

According to the Form 4 filed with the SEC on August 10, 2026, Kevin J. Chan, serving as Controller of Worthington Enterprises, Inc. (NYSE: WOR), reported changes to his beneficial ownership as of the transaction date of August 7, 2026. The filing was signed by Patrick J. Kennedy as attorney-in-fact for Kevin J. Chan.

In Table I covering non-derivative securities, the filing reports Chan directly holds 7,036 Common Shares. An additional 3,114.97 Common Shares are held indirectly through a 401(k) Plan, with the filing noting that this figure is "based on a 401(k) Plan statement dated as of August 7, 2026." No transaction code or price is listed for either of these positions in the filing, indicating these rows reflect beneficial ownership totals rather than new transactions.

In Table II covering derivative securities, the filing discloses that on August 7, 2026, Chan acquired 4.2 units of phantom stock under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan at a price of $58.42 per unit. The filing describes these as "theoretical WOR common shares ('phantom stock') credited to the reporting person's account" that "track WOR common shares on a one-for-one basis." Following this transaction, Chan's total phantom stock position stands at 319.74 units. The filing notes the total includes additional theoretical shares credited through the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.

What Was Disclosed

The filing reports Kevin J. Chan's beneficial ownership of 7,036 direct Common Shares, 3,114.97 indirectly held shares via 401(k), and 319.74 phantom stock units under Worthington Enterprises' Deferred Compensation Plan, following a small acquisition of 4.2 phantom stock units on August 7, 2026.