Eric M. Smolenski - Jan 27, 2023 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: Jan 27, 2023
Transactions value $: -$47,180
Form type: 4
Date filed: 1/30/2023, 10:14 AM
Previous filing: Jul 5, 2022
Next filing: Jun 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Options Exercise	$63.4K	+2K	+2.14%	$31.71	95.4K	Jan 27, 2023	Direct
transaction	WOR	Common Shares	Sale	-$111K	-2K	-2.1%	$55.30	93.4K	Jan 27, 2023	Direct
holding	WOR	Common Shares						7.5K	Jan 27, 2023	by 401(k)	F1

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	Non-qualified stock option (right to buy)	Options Exercise	$0	-2K	-100%	$0.00^*	0	Jan 27, 2023	Common Shares	2K	$31.71	Direct	F2
holding	WOR	Phantom stock acquired under Deferred Compensation Plan						4.9K	Jan 27, 2023	Common Shares	95.2		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 December 31, 2022.
F2	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 vested. Additional portions of 33.33% of the option vested annually on 6/28/2015 and 6/28/2016.
F3	The account under the 2005 NQ Plan (as defined below) tracks Worthington Industries, Inc. common shares on a one-for-one basis.
F4	Prior to October 1, 2014, the account balances related to the theoretical Worthington Industries, Inc. common share deemed investment option could be immediately transferred to other deemed investment options under the terms of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "2005 NQ Plan"). The 2005 NQ Plan provides that effective October 1, 2014 and thereafter, any amount credited in a participant's account to the phantom stock fund (i.e. the theoretical Worthington Industries, Inc. common share deemed investment option) may not be transferred to an alternative deemed investment option under the 2005 NQ Plan until distribution from the 2005 NQ Plan. Distributions are made only in common shares of Worthington Industries, Inc. and generally commence upon leaving Worthington Industries, Inc. and its subsidiaries.
F5	The amount shown reflects additional unfunded theoretical Worthington Industries, Inc. common shares (i.e. phantom stock) credited pursuant to the dividend reinvestment feature of the 2005 NQ Plan.