Geoffrey G. Gilmore - Jun 24, 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: Jun 24, 2022
Transactions value $: -$179,682
Form type: 4
Date filed: 6/28/2022, 02:50 PM
Previous filing: Mar 28, 2022
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Award	$0	+9.5K	+5.53%	$0.00	181K	Jun 24, 2022	Direct	F1
transaction	WOR	Common Shares	Tax liability	-$180K	-3.86K	-2.13%	$46.61	177K	Jun 27, 2022	Direct	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)	Award	$0	+8.9K		$0.00	8.9K	Jun 24, 2022	Common Shares	8.9K	$46.39	Direct
holding	WOR	Phantom Stock Acquired Under Deferred Compensation Plan						10.6K	Jun 24, 2022	Common Shares	51		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	An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/24/2025).
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 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 deemed 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 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 March 31, 2022.