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

Role: President, Worthington Steel
Signature: /s/Patrick J. Kennedy, as attorney-in-fact for Jeffrey R. Klingler
Issuer symbol: WOR
Transactions as of: 24 Jun 2022
Net transactions value: -$65,301
Form type: 4
Filing time: 28 Jun 2022, 14:51:30 UTC
Previous filing: 02 Jul 2021
Next filing: 05 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Award	$0	+5,100	+13%	$0.000000	44,557	24 Jun 2022	Direct	F1
transaction	WOR	Common Shares	Tax liability	$65,301	-1,401	-3.1%	$46.61	43,156	27 Jun 2022	Direct	F2
holding	WOR	Common Shares						4,600	24 Jun 2022	by IRA
holding	WOR	Common Shares						1	24 Jun 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	+4,800		$0.000000	4,800	24 Jun 2022	Common Shares	4,800	$46.39	Direct
holding	WOR	Phantom stock acquired under Deferred Compensation Plan						723	24 Jun 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.