Joseph B. Hayek - Aug 23, 2024 Form 4 Insider Report for WORTHINGTON ENTERPRISES, INC. (WOR)

Role
EVP and CFO
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek
Stock symbol
WOR
Transactions as of
Aug 23, 2024
Transactions value $
$185
Form type
4
Date filed
8/26/2024, 10:10 AM
Previous filing
Aug 12, 2024
Next filing
Sep 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WOR Common Shares 220K Aug 23, 2024 Direct
holding WOR Common Shares 2K Aug 23, 2024 By IRA (Merrill-Lynch)
holding WOR Common Shares 1.64K Aug 23, 2024 By IRA (Vanguard) 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 Phantom Stock Acquired Under the Deferred Compensation Plan Award $185 +3.98 +0.1% $46.36 4.16K Aug 23, 2024 Common Shares 3.98 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated June 28, 2024.
F2 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, as amended (the "Plan") track WOR common shares on a one-for-one basis.
F3 Prior to October 1, 2014, the account balances related to the phantom stock investment option could be immediately transferred to other deemed investment options under the terms of the Plan. The Plan provides that, effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund may not be transferred to an alternative deemed investment option under the Plan until distribution from the Plan. Distributions are made only in WOR common shares and generally commence upon leaving Worthington Enterprises, 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 Enterprises, Inc. common share deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on July 31, 2024.