Kevin J. Chan - 27 Jun 2024 Form 4 Insider Report for WORTHINGTON ENTERPRISES, INC. (WOR)

Role
Controller
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Kevin J. Chan
Issuer symbol
WOR
Transactions as of
27 Jun 2024
Net transactions value
$0
Form type
4
Filing time
28 Jun 2024, 11:01:46 UTC
Previous filing
22 Mar 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +1,200 +26% $0.000000 5,758 27 Jun 2024 Direct F1

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 +1,000 $0.000000 1,000 27 Jun 2024 Common Shares 1,000 $47.00 Direct F2
holding WOR Phantom Stock Acquired Under Deferred Compensation Plan 56 27 Jun 2024 Common Shares 0 Direct F3, F4, F5
* 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 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 annually on 6/27/2026 and 6/27/2027.
F3 The theoretical WOR common shares ("phantom stock") credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "Plan") track WOR common shares on a one-for-one basis.
F4 Prior to October 1, 2014, the account balances related to the theoretical common shares could be immediately transferred to other investment options under the terms of the deferred compensation plan in which the reporting person participates. The 2005 Director Deferred Compensation Plan provides that effective October 1, 2014 and thereafter any amount credited in a participant's account to the phantom stock fund (i.e. theoretical common shares deemed investment option) may not be transferred to an alternative deemed investment option under the 2005 Director Deferred Compensation Plan until distribution from the 2005 Director Deferred Compensation Plan. Distributions are made only in common shares of Worthington Enerprises, Inc. and generally commence upon leaving the Board of Directors of Worthington Enterprises, Inc.
F5 The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the theoretical Worthington Enterprises, Inc. common shares deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 31, 2024.