Kevin J. Chan, Controller of Worthington Enterprises, Inc. (NYSE:WOR), filed a Form 4 on September 21, 2026, reporting changes in beneficial ownership stemming from a deferred compensation plan transaction dated September 18, 2026.

Key Highlights

  • Reporting person: Kevin J. Chan, identified as Controller of Worthington Enterprises, Inc.
  • Phantom stock acquired: 4.4 theoretical common shares ("phantom stock") acquired on September 18, 2026, under the Deferred Compensation Plan at a price of $57.38 per share.
  • Total phantom stock held following transaction: 332.49 derivative securities beneficially owned, held indirectly and directly as reported.
  • Direct common share ownership: 7,036 common shares held directly following reported transactions.
  • Indirect common share ownership: 3,132.12 common shares held indirectly through a 401(k) Plan, based on a plan statement dated September 18, 2026.
  • Dividend reinvestment credit: The filing notes that the total phantom stock reported includes additional shares credited via the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.

Chan's Deferred Compensation Plan Activity at Worthington Enterprises

According to the filing, Kevin J. Chan, serving as Controller at Worthington Enterprises, Inc. (NYSE:WOR), reported an acquisition of 4.4 phantom stock units on September 18, 2026, under the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan. The filing states these theoretical common shares track WOR common shares on a one-for-one basis and were acquired at a price of $57.38 per share. Following this transaction, Chan's total phantom stock holdings stand at 332.49 units, held in a combination of direct and indirect ownership forms as disclosed in the filing.

The filing further discloses that, effective October 1, 2014, any amounts credited to a participant's phantom stock fund may not be transferred to an alternative deemed investment option until distribution from the plan. According to the filing, distributions are made only in WOR common shares and "generally commence upon leaving Worthington Enterprises, Inc. and its subsidiaries." The 332.49 total phantom stock figure reported includes additional shares credited through the dividend reinvestment feature of the 2005 NQ Plan on June 29, 2026.

In addition to the derivative security activity, the filing reports Chan's direct beneficial ownership of 7,036 common shares and indirect ownership of 3,132.12 common shares through a 401(k) Plan, with the latter figure based on a plan statement dated September 18, 2026. The Form 4 was signed by Patrick J. Kennedy as attorney-in-fact for Kevin J. Chan and filed on September 21, 2026.

What Was Disclosed

Kevin J. Chan, Controller at Worthington Enterprises, reported the acquisition of 4.4 phantom stock units under a deferred compensation plan on September 18, 2026, along with updated direct and indirect common share holdings, in a Form 4 filed September 21, 2026.