Worthington Enterprises (NYSE: WOR) Controller updates phantom stock and share holdings
Rhea-AI Filing Summary
Worthington Enterprises officer Kevin J. Chan, the company’s Controller, reported routine updates to his equity holdings. On January 9, 2026, he was credited with 4.56 units of phantom stock tied to Worthington Enterprises common shares at a reference price of $53.81 under a deferred compensation plan, bringing his phantom stock balance to 184.8 units. Phantom stock in this plan tracks WOR common shares on a one-for-one basis and is generally paid out in actual shares after he leaves the company. As of the same date, he also beneficially owned 5,806 common shares directly and 2,977.46 common shares indirectly through a 401(k) plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.56 | $53.81 | $245.37 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- The information in this report is based on a 401(k) Plan statement dated as of January 9, 2026. 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. 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. 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.
FAQ
What insider activity did Worthington Enterprises (WOR) report for Kevin J. Chan?
Worthington Enterprises Controller Kevin J. Chan reported being credited with 4.56 units of phantom stock on January 9, 2026, along with updated totals for his direct and 401(k) holdings of the company’s common shares.
What is the phantom stock reported by Kevin J. Chan at Worthington Enterprises (WOR)?
The filing shows that 4.56 units of phantom stock were credited to Kevin J. Chan’s account at a reference price of $53.81, bringing his total phantom stock balance to 184.8 units. According to the plan, these theoretical shares track WOR common shares one-for-one and are paid out in WOR common shares upon distribution.
When can the phantom stock for Kevin J. Chan at Worthington Enterprises (WOR) be transferred or distributed?
The plan provides that, effective October 1, 2014 and thereafter, amounts credited to the phantom stock fund cannot be transferred to other investment options until distribution. Distributions are made only in WOR common shares and generally begin when the participant leaves Worthington Enterprises, Inc. and its subsidiaries.
How is the amount of phantom stock for Kevin J. Chan at Worthington Enterprises (WOR) determined?
The phantom stock units are theoretical WOR common shares credited under a deferred compensation plan. The filing notes that these units track WOR common shares on a one-for-one basis and that the reported amount includes additional units credited through a dividend reinvestment feature on December 31, 2025.