John H. McConnell II - Jul 1, 2024 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
Jul 1, 2024
Transactions value $
-$50
Form type
4
Date filed
7/3/2024, 04:10 PM
Previous filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Options Exercise +9.8 +0.03% 31.3K Jul 1, 2024 Direct F1, F2
transaction WOR Common Shares Disposed to Issuer -$36 -0.8 0% $45.27 31.3K Jul 1, 2024 Direct F1
transaction WOR Common Shares Options Exercise +14.3 +0.05% 31.3K Jul 2, 2024 Direct F1
transaction WOR Common Shares Disposed to Issuer -$14 -0.3 0% $45.18 31.3K Jul 2, 2024 Direct F1
holding WOR Common Shares 252 Jul 1, 2024 By Spouse F2

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 Options Exercise -9.8 -40.66% 14.3 Jul 1, 2024 Common Shares 9.8 Direct F1, F3
transaction WOR Phantom Stock Options Exercise -14.3 -100% 0 Jul 2, 2024 Common Shares 14.3 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Under the terms of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan ("Plan"), contributions to participants' bookkeeping accounts may be treated as invested in theoretical common shares of the issuer ("Phantom Stock"), with any portion of an account credited to Phantom Stock to remain credited thereto until distributed in accordance with the terms of the Plan, including following the participant ceasing to be employed by the issuer. In connection with the reporting person ceasing to be employed by the issuer, the Phantom Stock in the reporting person's Plan account became distributable on July 1, 2024. Under the Plan, the Phantom Stock is paid in whole common shares and any fractional common shares are paid in cash. Accordingly, on July 1, 2024, the reporting person received 9 common shares and cash in lieu of 0.8 common shares, and, on July 2, 2024, the reporting person received 14 common shares and cash in lieu of 0.3 common shares.
F2 Includes the issuer's common shares acquired since the reporting person's prior Form 4 through a dividend reinvestment program that is exempt from Section 16 pursuant to Rule 16a-11.
F3 The Phantom Stock credited to the reporting person under the Plan tracks the issuer's common shares on a one-for-one basis.