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

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.