Eric M. Smolenski - Feb 3, 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Eric M. Smolenski
Stock symbol
WOR
Transactions as of
Feb 3, 2022
Transactions value $
-$193,589
Form type
4
Date filed
2/7/2022, 08:53 AM
Previous filing
Jul 2, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Options Exercise $104K +5.44K +6.55% $19.18 88.6K Feb 3, 2022 Direct
transaction WOR Common Shares Sale -$298K -5.44K -6.15% $54.74 83.1K Feb 3, 2022 Direct F1
holding WOR Common Shares 7.32K Feb 3, 2022 by 401(k) 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 Non-qualified Stock Option (right to buy) Options Exercise $0 -5.44K -54.44% $0.00 4.56K Feb 3, 2022 Common Shares 5.44K $19.18 Direct F3
holding WOR Phantom stock acquired under Deferred Compensation Plan 4.78K Feb 3, 2022 Common Shares 71 Direct F4, F5, F6, F7
* 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 Amount listed is the most up-to-date information available regarding holdings in the Company Stock Fund under the Worthington Industries, Inc. Deferred Profit Sharing Plan and is based on a plan statement dated as of January 31, 2022.
F3 This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2010 Stock Option Plan. Date listed is the first day any portion of the option vested. Additional portions of 33.33% of the option vested annually on 3/30/2014 and 3/30/2015.
F4 The account under the 2005 NQ Plan (defined in the footnote immediately below) tracks common shares on a one-for-one basis.
F5 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").
F6 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.
F7 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.