Steven M. Caravati - Jun 30, 2023 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: Jun 30, 2023
Transactions value $: -$63,995
Form type: 4
Date filed: 7/5/2023, 10:20 AM
Previous filing: Jun 27, 2023
Next filing: Jun 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WOR	Common Shares	Award	$0	+2.2K	+6.52%	$0.00	36K	Jun 30, 2023	Direct	F1
transaction	WOR	Common Shares	Award	$0	+2.03K	+5.64%	$0.00	38K	Jul 3, 2023	Direct	F2
transaction	WOR	Common Shares	Tax liability	-$64K	-920	-2.42%	$69.56	37.1K	Jul 3, 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)	Award	$0	+2K		$0.00	2K	Jun 30, 2023	Common Shares	2K	$69.47	Direct	F4

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

Explanation of Responses:

Id	Content
F1	An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/30/2026).
F2	A long-term performance share award was granted on June 25, 2020 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, 2023. On June 27, 2023, 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, 2023.
F3	Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
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 will vest. Additional portions of 33.33% of the option vest annually on 6/30/2025 and 6/30/2026.