Eric M. Smolenski - Jul 1, 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
President-Worthington Cylinder
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Eric M. Smolenski
Stock symbol
WOR
Transactions as of
Jul 1, 2022
Transactions value $
-$117,181
Form type
4
Date filed
7/5/2022, 01:50 PM
Previous filing
Jun 30, 2022
Next filing
Jan 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +5.87K +6.51% $0.00 96.1K Jul 1, 2022 Direct F1
transaction WOR Common Shares Tax liability -$117K -2.66K -2.77% $44.02 93.4K Jul 1, 2022 Direct F2
holding WOR Common Shares 7.41K Jul 1, 2022 by 401(k) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A long-term performance share award was granted on June 27, 2019 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2022. On June 21, 2022, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three-year period ended May 31, 2022.
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 dated as of June 30, 2022.