John H. McConnell II - Dec 6, 2023 Form 4 Insider Report for WORTHINGTON ENTERPRISES, INC. (WOR)

Role: Director
Signature: /s/Patrick J. Kennedy, as attorney-in-fact for John H. McConnell II
Stock symbol: WOR
Transactions as of: Dec 6, 2023
Transactions value $: $11
Form type: 4
Date filed: 12/8/2023, 02:32 PM
Previous filing: Dec 5, 2023
Next filing: Dec 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WOR	Common Shares						32.3K	Dec 6, 2023	Direct	F1
holding	WOR	Common Shares						245	Dec 6, 2023	By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WOR	Phantom Stock Acquired Under the Deferred Compensation Plan	Award	$11.40	+0.22	+0.95%	$51.62	23.3	Dec 6, 2023	Common Shares	0.22		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Holdings that were previously reported on Form 4 have been adjusted in connection with the spin-off of Worthington Steel, Inc. (the "Spin-Off") by the Issuer.
F2	The account under the 2005 NQ Plan (defined in footnote (3) below) tracks common shares on a one-for-one basis.
F3	Prior to October 1, 2014, the account balances related to the theoretical Worthington Industries, Inc. common share deemed investment option could be immediately transferred to other deemed investment options under the terms of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "2005 NQ Plan"). The 2005 NQ Plan provides that effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund (i.e. the theoretical Worthington Industries, Inc. common share deemed investment option) may not be transferred to an alternative deemed investment option under the 2005 NQ Plan until distribution from the 2005 NQ Plan. Distributions are made only in common shares of Worthington Industries, Inc. and generally commence upon leaving Worthington Industries, Inc. and its subsidiaries.
F4	The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the theoretical Worthington Industries, Inc. common share deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on December 6, 2023.