B. Andrew Rose - 01 Jul 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Signature
/s/B. Andrew Rose by Patrick J. Kennedy, as attorney-in-fact
Issuer symbol
WOR
Transactions as of
01 Jul 2022
Net transactions value
-$512,437
Form type
4
Filing time
05 Jul 2022, 13:50:33 UTC
Previous filing
28 Jun 2022
Next filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +25,666 +3.8% $0.000000 696,047 01 Jul 2022 Direct F1
transaction WOR Common Shares Tax liability $512,437 -11,641 -1.7% $44.02 684,406 01 Jul 2022 Direct F2
holding WOR Common Shares 1,187 01 Jul 2022 By Spouse
holding WOR Common Shares 10,665 01 Jul 2022 Custodian for daughter, Sydney Rose
holding WOR Common Shares 10,665 01 Jul 2022 by Hannah Rose, daughter 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 Includes 10,665 common shares previously held by the reporting person indirectly as custodian for his daughter, which were transferred to the reporting person's daughter on June 24, 2021.