Joseph B. Hayek - Dec 17, 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
Dec 17, 2021
Transactions value $
$155
Form type
4
Date filed
12/20/2021, 08:31 AM
Previous filing
Dec 6, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Gift $0 -100 -0.08% $0.00 132K Dec 17, 2021 Direct F1
holding WOR Common Shares 2K Dec 17, 2021 By IRA (M-L)
holding WOR Common Shares 1.55K Dec 17, 2021 By IRA (Vanguard) 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 Acquired Under Deferred Compensation Plan Award $155 +3 +0.2% $51.61 1.49K Dec 17, 2021 Common Shares 3 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 This is a voluntary filing to disclose a transaction involving a gift of securities by the Reporting Person to a charity.
F2 The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated September 30, 2021.
F3 The account under the 2005 NQ Plan (defined in the footnote directly below) tracks common shares on a one-for-one basis.
F4 Prior to October 1, 2014, the account balances related to 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.
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 shares 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 November 30, 2021.