Steven M. Caravati - 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 Steven M. Caravati
Stock symbol: WOR
Transactions as of: Jul 1, 2022
Transactions value $: -$17,300
Form type: 4
Date filed: 7/5/2022, 01:58 PM
Previous filing: Jun 28, 2022
Next filing: Aug 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Award	$0	+866	+2.5%	$0.00	35.4K	Jul 1, 2022	Direct	F1
transaction	WOR	Common Shares	Tax liability	-$17.3K	-393	-1.11%	$44.02	35.1K	Jul 1, 2022	Direct	F2

* 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 upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.

Content

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.

Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.