Joseph B. Hayek - Jul 1, 2021 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
VP and CFO
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek
Stock symbol
WOR
Transactions as of
Jul 1, 2021
Transactions value $
-$195,807
Form type
4
Date filed
7/2/2021, 01:04 PM
Previous filing
Jun 29, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +6.8K +5.23% $0.00 137K Jul 1, 2021 Direct F1
transaction WOR Common Shares Tax liability -$196K -3.19K -2.33% $61.42 134K Jul 1, 2021 Direct F2
holding WOR Common Shares 2K Jul 1, 2021 By IRA (M-L)
holding WOR Common Shares 1.53K Jul 1, 2021 By IRA (Vanguard) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A long-term performance share award was granted on June 28, 2018 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2021. On June 22, 2021, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three-year period ended May 31, 2021.
F2 Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
F3 The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated March 31, 2021.