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.