Catherine M. Lyttle - Dec 21, 2021 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role: Sr VP & Chief HR Officer
Signature: /s/Patrick J. Kennedy, as attorney-in-fact for Catherine M. Lyttle
Stock symbol: WOR
Transactions as of: Dec 21, 2021
Transactions value $: -$35,780
Form type: 4
Date filed: 12/22/2021, 07:59 AM
Previous filing: Sep 28, 2021
Next filing: Jun 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Options Exercise	$63.4K	+2K	+4.12%	$31.71	50.6K	Dec 21, 2021	Direct
transaction	WOR	Common Shares	Sale	-$99.2K	-2K	-3.96%	$49.60	48.6K	Dec 21, 2021	Direct
holding	WOR	Common Shares						136	Dec 21, 2021	By 401(k)	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 by)	Options Exercise	$0	-2K	-100%	$0.00^*	0	Dec 21, 2021	Common Shares	2K	$31.71	Direct	F2
holding	WOR	Phantom stock acquired under Deferred Compensation Plan						333	Dec 21, 2021	Common Shares	6		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	Amount listed is the most up-to-date information available regarding holdings in the Company Plan Fund which invests in common shares of Worthington Industries, Inc. and is based on a plan statement dated as of September 30, 2021.
F2	This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day the first portion of the option vested. Additional portions of 33.33% of the option vested annually on 6/28/2015 and 6/28/2016.
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 the theoretical Worthington Industries, Inc. common share deemed investment option could be immediately transferred to other 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 shown reflects additional unfunded theoretical Worthington Industries, Inc. common shares (i.e. phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan.