Joseph B. Hayek - Dec 29, 2023 Form 4 Insider Report for WORTHINGTON ENTERPRISES, INC. (WOR)

Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek
Stock symbol
WOR
Transactions as of
Dec 29, 2023
Transactions value $
$154
Form type
4
Date filed
1/2/2024, 12:12 PM
Previous filing
Dec 22, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WOR Common Shares 204K Dec 29, 2023 Direct F1
holding WOR Common Shares 2K Dec 29, 2023 By IRA (Merrill-Lynch)
holding WOR Common Shares 1.62K Dec 29, 2023 By IRA (Vanguard) F2, F3

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 $154 +2.67 +0.07% $57.55 3.95K Dec 29, 2023 Common Shares 2.67 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of common shares owned directly by the reporting person was incorrectly reported in the Form 4 dated December 21, 2023 as 202,883 instead of the correct number of 203,883.
F2 The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated September 30, 2023.
F3 The number of common shares owned directly by the reporting person was incorrectly reported in the Form 4 dated December 21, 2023 as 1,517 instead of the correct number of 1,617.
F4 The account under the 2005 NQ Plan (defined in footnote (3) below) tracks common shares on a one-for-one basis.
F5 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.
F6 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 31, 2023.