Joseph B. Hayek - Oct 6, 2023 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role: VP and CFO
Signature: /s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek
Stock symbol: WOR
Transactions as of: Oct 6, 2023
Transactions value $: $154
Form type: 4
Date filed: 10/10/2023, 09:14 AM
Previous filing: Sep 25, 2023
Next filing: Oct 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WOR	Common Shares						142K	Oct 6, 2023	Direct
holding	WOR	Common Shares						2K	Oct 6, 2023	By IRA (M-L)
holding	WOR	Common Shares						1.62K	Oct 6, 2023	By IRA (Vanguard)	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	Phantom Stock Acquired Under Deferred Compensation Plan	Award	$154	+2.53	+0.1%	$60.74	2.49K	Oct 6, 2023	Common Shares	2.53		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated September 30, 2023.
F2	The account under the 2005 NQ Plan (defined in the footnote directly below) tracks common shares on a one-for-one basis.
F3	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.
F4	The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited to the theoretical Worthington Industries, Inc. common share deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on September 30, 2023.