Kevin J. Chan, Controller of Worthington Enterprises, Inc., filed a Form 4 on August 24, 2026, reporting beneficial ownership positions and a phantom stock acquisition dated August 21, 2026.

Key Highlights

  • Direct ownership: Chan holds 7,036 common shares directly following the reported transaction(s).
  • Indirect ownership: Chan holds 3,120.76 common shares indirectly through a 401(k) Plan, based on a plan statement dated August 21, 2026.
  • Phantom stock acquisition: Chan acquired 4.31 phantom stock units under the Deferred Compensation Plan on August 21, 2026, at a price of $56.86 per unit.
  • Total phantom stock held: Chan holds 324.05 phantom stock units following the reported transaction, held indirectly under the Deferred Compensation Plan.
  • Phantom stock source: The 4.31 units include shares credited via the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.

Chan's Ownership and Phantom Stock Activity at Worthington Enterprises

According to the filing, Kevin J. Chan, identified as Controller of Worthington Enterprises, Inc. (NYSE:WOR), reported two categories of common share ownership as of August 21, 2026. He holds 7,036 common shares directly and 3,120.76 common shares indirectly through a 401(k) Plan, with the indirect figure based on a plan statement dated August 21, 2026.

In Table II, the filing reports an acquisition (transaction code A) of 4.31 phantom stock units under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan at a price of $56.86. According to the filing, these theoretical WOR common shares "track WOR common shares on a one-for-one basis." The filing notes that the reported amount includes phantom stock credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026. Following the transaction, Chan holds 324.05 phantom stock units indirectly under the plan.

The filing further discloses that, effective October 1, 2014, amounts credited to the phantom stock fund may not be transferred to an alternative deemed investment option under the plan until distribution. The filing states that "distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries." The Form 4 was signed by Patrick J. Kennedy as attorney-in-fact for Kevin J. Chan on August 24, 2026.

What Was Disclosed

Chan's Form 4 disclosed his direct holding of 7,036 common shares, an indirect 401(k) holding of 3,120.76 shares, and the acquisition of 4.31 phantom stock units at $56.86 under the Deferred Compensation Plan, bringing his total phantom stock position to 324.05 units.