Catherine M. Lyttle - Mar 28, 2023 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
Sr VP & Chief HR Officer
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Catherine M. Lyttle
Stock symbol
WOR
Transactions as of
Mar 28, 2023
Transactions value $
-$219,098
Form type
4
Date filed
3/29/2023, 04:14 PM
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 $93.1K +2.2K +4.08% $42.30 56.2K Mar 28, 2023 Direct
transaction WOR Common Shares Options Exercise $77.2K +1.8K +3.2% $42.91 58K Mar 28, 2023 Direct
transaction WOR Common Shares Options Exercise $72.3K +1.7K +2.93% $42.50 59.7K Mar 28, 2023 Direct
transaction WOR Common Shares Options Exercise $167K +4.3K +7.2% $38.91 64K Mar 28, 2023 Direct
transaction WOR Common Shares Sale -$621K -9.88K -15.44% $62.89 54.1K Mar 28, 2023 Direct F1
transaction WOR Common Shares Sale -$7.61K -120 -0.22% $63.38 54K Mar 28, 2023 Direct F2
holding WOR Common Shares 140 Mar 28, 2023 Direct F3

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 -2.2K -100% $0.00* 0 Mar 28, 2023 Common Shares 2.2K $42.30 Direct F4
transaction WOR Non-qualified stock option (right to buy) Options Exercise $0 -1.8K -100% $0.00* 0 Mar 28, 2023 Common Shares 1.8K $42.91 Direct F5
transaction WOR Non-qualified stock option (right to buy) Options Exercise $0 -1.7K -100% $0.00* 0 Mar 28, 2023 Common Shares 1.7K $42.50 Direct F6
transaction WOR Non-qualified stock option (right to buy) Options Exercise $0 -4.3K -100% $0.00* 0 Mar 28, 2023 Common Shares 4.3K $38.91 Direct F7
holding WOR Phantom stock acquired under Deferred Compensation Plan 343 Mar 28, 2023 Common Shares 6.43 Direct F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $62.37 to $62.89, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth.
F2 The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $63.37 to $63.39, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth.
F3 Amount listed is the most up-to-date information available regarding holdings in the Company Plan Fund which invests in common shares of Worthington Industries, Inc. and is based on a plan statement dated as of December 31, 2022.
F4 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 6/30/2018 and 6/30/2019.
F5 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 6/28/2020 and 6/28/2021.
F6 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 9/26/2020 and 9/26/2021.
F7 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 6/27/2021 and 6/27/2022.
F8 The account under the 2005 NQ Plan (as defined below) tracks Worthington Industries Inc. common shares on a one-for-one basis.
F9 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.
F10 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.