secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0000950170-24-044014
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington Enterprises awards retention performance shares to CEO Rose and two other executives
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- Compensation Committee approved special retention performance shares for CEO B. Andrew Rose (40,000 target shares), CFO Joseph B. Hayek (33,340), and President Steven M. Caravati (15,000).
- Awards are split equally between two types: one based on annualized absolute total shareholder return and one on share price growth over the three-year period ending April 2027.
- Vesting ranges from 50% to 150% of target based on performance, with a retention condition requiring continuous employment through certification date.
- Share price at grant was $60.74; Rose’s target award valued at $2,429,600, Hayek’s at $2,025,072, Caravati’s at $911,100.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000095017024044014/0000950170-24-044014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000095017024044014/wor-20240409.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-044014

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