John H. McConnell II - Oct 20, 2023 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Role
Director
Signature
/s/Patrick J. Kennedy, as attorney-in-fact for John H. McConnell II
Stock symbol
WOR
Transactions as of
Oct 20, 2023
Transactions value $
$11
Form type
4
Date filed
10/23/2023, 09:49 AM
Previous filing
Oct 10, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WOR Common Shares 30.7K Oct 20, 2023 Direct
holding WOR Common Shares 245 Oct 20, 2023 By Spouse

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 $11.50 +0.19 +1.35% $60.30 14.3 Oct 20, 2023 Common Shares 0.19 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The account under the 2005 NQ Plan (as defined below) tracks Worthington Industries, Inc. common shares on a one-for-one basis.
F2 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.
F3 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.