Steven M. Caravati - Jun 24, 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
President-Worthington Cylinder
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Steven M. Caravati
Stock symbol
WOR
Transactions as of
Jun 24, 2022
Transactions value $
$0
Form type
4
Date filed
6/28/2022, 02:57 PM
Previous filing
Feb 1, 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 +2.6K +37.25% $0.00 9.58K Jun 24, 2022 Direct F1
transaction WOR Common Shares Award $0 +15K +156.58% $0.00 24.6K Jun 24, 2022 Direct F1
transaction WOR Common Shares Award $0 +10K +40.68% $0.00 34.6K Jun 24, 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 Nonqualified stock option (right to buy) Award $0 +2.4K $0.00 2.4K Jun 24, 2022 Common Shares 2.4K $46.39 Direct F3
* 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 An award of restricted shares was granted pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted shares will vest if (i) the common shares of Worthington Industries, Inc. attain an average closing price of at least $65.00 per common share for ninety consecutive days during the five-year period ending on the fifth anniversary of the grant date of the award (i.e. June 24, 2027) and (ii) the reporting person has continuously remained an employee of Worthington Industries, Inc. or one of its subsidiaries through the third anniversary of the grant date of the award (i.e. June 24, 2025).
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 will vest. Additional portions of 33.33% of the option vest annually on 6/24/2024 and 6/24/2025.