Key facts
- This page summarizes Eric M. Smolenski's Form 4 filing for WORTHINGTON INDUSTRIES INC (WOR).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 05 Jul 2023, 11:07.
Eric M. Smolenski - 30 Jun 2023 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)
- Reporting relationship
- President-Worthington Cylinder
- Issuer ticker
- WOR
- Reported as of
- 30 Jun 2023
- Net transaction value
- -$191,846
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2023, 11:07:46 UTC
- Prior SEC filing
- 27 Jun 2023
- Next SEC filing
- 13 Jul 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/Patrick J. Kennedy, as attorney-in-fact for Eric M. Smolenski
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Eric M. Smolenski filed Form 4 for WORTHINGTON INDUSTRIES INC (WOR) on 05 Jul 2023.
Change
- Previous filing in this sequence was filed on 27 Jun 2023.
- Current net transaction value: -$191,846.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WOR
transaction
Common Shares
Award
- Transaction value
- $0
- Shares
- +3,000
- Change %
- +3.8%
- Price
- $0.000000
- Shares after
- 82,535
- Date
- 30 Jun 2023
- Ownership
- Direct
- Footnotes
- F1
WOR
transaction
Common Shares
Award
- Transaction value
- $0
- Shares
- +6,080
- Change %
- +7.4%
- Price
- $0.000000
- Shares after
- 88,615
- Date
- 03 Jul 2023
- Ownership
- Direct
- Footnotes
- F2
WOR
transaction
Common Shares
Tax liability
- Transaction value
- $191,846
- Shares
- -2,758
- Change %
- -3.1%
- Price
- $69.56
- Shares after
- 85,857
- Date
- 03 Jul 2023
- Ownership
- Direct
- Footnotes
- F3
WOR
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,576
- Date
- 30 Jun 2023
- Ownership
- by 401(k)
- Footnotes
- F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WOR
transaction
Derivative
Non-qualified stock option (right to buy)
Award
- Transaction value
- $0
- Shares
- +2,600
- Change %
- Price
- $0.000000
- Shares after
- 2,600
- Date
- 30 Jun 2023
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 2,600
- Exercise price
- $69.47
- Footnotes
- F5
WOR
holding
Derivative
Phantom Stock Acquired Under Deferred Compensation Plan
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,947
- Date
- 30 Jun 2023
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 46
- Exercise price
- Footnotes
- F6, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote 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).
Footnote 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.
Footnote F3
Represents shares withheld in order to satisfy the reporting person's tax withholding obligation upon such vesting.
Footnote F4
Amount listed is the most up-to-date information available regarding holdings in the Company Stock Fund under the Worthington Industries, Inc. Deferred Profit Sharing Plan and is based on a plan statement dated as of June 30, 2023.
Footnote 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 will vest. Additional portions of 33.33% of the option vest annually on 6/30/2025 and 6/30/2026.
Footnote F6
The account under the 2005 NQ Plan (defined in the footnote immediately below) tracks common shares on a one-for-one basis.
Footnote F7
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.
Footnote F8
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.