Geoffrey G. Gilmore - May 6, 2021 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role: EVP & Chief Operating Officer
Signature: /s/Patrick J. Kennedy, as attorney-in-fact for Geoffrey G. Gilmore
Stock symbol: WOR
Transactions as of: May 6, 2021
Transactions value $: -$633,239
Form type: 4
Date filed: 5/10/2021, 11:55 AM
Next filing: Jun 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Options Exercise	$258K	+6K	+3.18%	$43.04	195K	May 6, 2021	Direct
transaction	WOR	Common Shares	Options Exercise	$317K	+7.5K	+3.85%	$42.30	202K	May 6, 2021	Direct
transaction	WOR	Common Shares	Options Exercise	$306K	+6.4K	+3.16%	$47.76	209K	May 6, 2021	Direct
transaction	WOR	Common Shares	Options Exercise	$183K	+4.27K	+2.04%	$42.91	213K	May 6, 2021	Direct
transaction	WOR	Common Shares	Sale	-$1.7M	-24.2K	-11.35%	$70.24	189K	May 6, 2021	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)	Options Exercise	$0	-6K	-100%	$0.00^*	0	May 6, 2021	Common Shares	6K	$43.04	Direct	F2
transaction	WOR	Non-qualified stock option (right to buy)	Options Exercise	$0	-7.5K	-100%	$0.00^*	0	May 6, 2021	Common Shares	7.5K	$42.30	Direct	F2
transaction	WOR	Non-qualified stock option (right to buy)	Options Exercise	$0	-6.4K	-100%	$0.00^*	0	May 6, 2021	Common Shares	6.4K	$47.76	Direct	F2
transaction	WOR	Non-qualified stock option (right to buy)	Options Exercise	$0	-4.27K	-100%	$0.00^*	0	May 6, 2021	Common Shares	4.27K	$42.91	Direct	F2
holding	WOR	Phantom Stock Acquired Under Deferred Compensation Plan						9.36K	May 6, 2021	Common Shares			Direct	F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported is a weighted average price. The reporting person undertakes to provide to Worthington Industries, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
F2	This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan and vested at 33.33% per year, beginning on the date listed.
F3	The account under the 2005 NQ Plan (defined in footnote (4) below) tracks common shares on a one-for-one basis.
F4	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").
F5	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. 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 a person's leaving employment with Worthington Industries, Inc.
F6	The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited to the theoretical Worthington Industries, Inc. common share deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on March 31, 2021.