Jeffrey R. Klingler - Jun 24, 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Jeffrey R. Klingler
Stock symbol
WOR
Transactions as of
Jun 24, 2022
Transactions value $
-$65,301
Form type
4
Date filed
6/28/2022, 02:51 PM
Previous filing
Jul 2, 2021
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 +5.1K +12.93% $0.00 44.6K Jun 24, 2022 Direct F1
transaction WOR Common Shares Tax liability -$65.3K -1.4K -3.14% $46.61 43.2K Jun 27, 2022 Direct F2
holding WOR Common Shares 4.6K Jun 24, 2022 by IRA
holding WOR Common Shares 1 Jun 24, 2022 by 401(k) Plan F3

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 +4.8K $0.00 4.8K Jun 24, 2022 Common Shares 4.8K $46.39 Direct
holding WOR Phantom stock acquired under Deferred Compensation Plan 723 Jun 24, 2022 Common Shares 20 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 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 in order to satisfy the reporting person's tax withholding obligation upon such vesting.
F3 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 as of 3/29/2022.
F4 The account 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" 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 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.
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.