Patrick J. Kennedy - Jun 30, 2023 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
VP-General Counsel & Secy
Signature
/s/Patrick J. Kennedy
Stock symbol
WOR
Transactions as of
Jun 30, 2023
Transactions value $
-$78,255
Form type
4
Date filed
7/5/2023, 10:26 AM
Previous filing
Oct 3, 2022
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +2.2K +29.54% $0.00 9.65K Jun 30, 2023 Direct F1
transaction WOR Common Shares Award $0 +2.48K +25.68% $0.00 12.1K Jul 3, 2023 Direct F2
transaction WOR Common Shares Tax liability -$78.3K -1.13K -9.28% $69.56 11K 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.