Steven M. Caravati - Jun 27, 2024 Form 4 Insider Report for WORTHINGTON ENTERPRISES, INC. (WOR)

Role
President - Consumer Products
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Steven M. Caravati
Stock symbol
WOR
Transactions as of
Jun 27, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 10:51 AM
Previous filing
Jun 26, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +3.3K +6.11% $0.00 57.3K Jun 27, 2024 Direct F1
transaction WOR Common Shares Award $0 +410 +0.72% $0.00 57.7K Jun 27, 2024 Direct F2
transaction WOR Common Shares Award $0 +200 +0.35% $0.00 57.9K Jun 27, 2024 Direct 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 Non-qualified stock option (right to buy) Award $0 +2.9K $0.00 2.9K Jun 27, 2024 Common Shares 2.9K $47.00 Direct F4
holding WOR Non-Qualified Stock Option (Right to Buy) 2.05K Jun 27, 2024 Common Shares 2.05K $38.25 Direct F5, F6
holding WOR Non-Qualified Stock Option (Right to Buy) 3.78K Jun 27, 2024 Common Shares 3.78K $29.48 Direct F5, F7
holding WOR Non-Qualified Stock Option (Right to Buy) 3.15K Jun 27, 2024 Common Shares 3.15K $44.15 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/27/2027).
F2 An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the second anniversary of the grant date (6/27/2026).
F3 An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the first anniversary of the grant date (6/27/2025).
F4 This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option will vest on 6/27/2026 and 6/27/2027.
F5 Pursuant to the Employee Matters Ageement between the Issuer and Worthington Steel, Inc. dated November 30, 2023, in connection with the Spin-Off, the strike price and the number of underlying shares of each unvested and vested but unexercised stock option held by the reporting person immediately before the Spin-Off was adjusted to preserve the intrinsic value of such award following the Spin-Off. Each adjusted option otherwise has substantially the same terms and conditions.
F6 This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested on 6/25/2023 and will vest 6/25/2024.
F7 This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested on 6/24/2024 and will vest 6/24/2025.
F8 This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option will vest on 6/30/2025 and 6/30/2026.