secwatch.observer — SEC 8-K summary
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Issuer:     WORTHINGTON ENTERPRISES, INC. (WOR)
CIK:        0000108516
Form:       8-K
Filed at:   2026-06-26T20:01:11+00:00
Accession:  0001193125-26-285420
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worthington awards retention performance shares to CFO, GC, and two segment presidents
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- Each of CFO, GC, Consumer Products pres., Building Products pres. granted 25,000 performance shares.
- Vesting requires achievement of adjusted EBITDA and adjusted ROA targets for FY2027-2030.
- Shares vest when performance conditions met and recipient remains employed through certification date.
- Net debt to adjusted EBITDA ratio of 0.9x as of May 31, 2026; adjusted EBITDA $295.8M for fiscal 2026.
- Change in control triggers full vesting; death or disability allows vesting if performance conditions met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108516/000119312526285420/0001193125-26-285420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108516/000119312526285420/wor-20260622.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-285420

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer