Geoffrey G. Gilmore - Mar 25, 2022 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
Mar 25, 2022
Transactions value $
$55,335
Form type
4
Date filed
3/28/2022, 10:15 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
holding WOR Common Shares 172K Mar 25, 2022 Direct

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 $55.3K +1.05K +11.1% $52.50 10.6K Mar 25, 2022 Common Shares 1.05K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The account under the 2005 NQ Plan (defined in the footnote directly below) tracks common shares on a one-for-one basis.
F2 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").
F3 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.
F4 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 December 29, 2021.