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Filing Details

Accession Number:: 0001209191-22-025127
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-04-21 10:04:03
Reporting Period:: 2022-04-20

Accepted Time:: 2022-04-21 10:04:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
108516	Worthington Industries Inc	WOR	Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)	311189815

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1184881	A Sidney Ribeau	Worthington Industries, Inc. 200 Old Wilson Bridge Road Columbus OH 43085		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2022-04-20	8,000	$22.06	66,505	No	4	M	Direct
Common Shares	Disposition	2022-04-20	8,000	$57.16	58,505	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Non-qualified stock option (right to buy)	Disposition	2022-04-20	8,000	$0.00	8,000	$22.06

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2013-09-26	2022-09-27	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Phantom stock acquired under Deferred Compensation Plan	$0.00			1,218	18,131	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,218	18,131	Direct

Footnotes

The price reported is a weighted average price. The reporting person undertakes to provide to Worthington Industries, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
This non-qualified stock option was granted pursuant to the Worthington Industries, Inc. 2006 Equity Incentive Plan for Non-Employee Directors and became vested and fully exercisable on the date of the next Annual Meeting of Shareholders of Worthington Industries, Inc. following the grant date.
The theoretical common shares (phantom stock) credited to the reporting person's account in the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "2005 Director Deferred Compensation Plan") track Common Shares of Worthington Industries, Inc. (the "Company") on a one-for-one basis.
Prior to October 1, 2014, the account balances related to the theoretical Worthington Industries, Inc. common shares deemed investment option could be immediately transferred to other deemed investment options under the terms of the deferred compensation Plan in which the reporting person participates. See footnote following.
The 2005 Director Deferred Compensation Plan provides that effective October 1, 2014 and thereafter any amount credited in a participant's account to the phantom stock fund (i.e. theoretical common shares deemed investment option) may not be transferred to an alternative deemed investment option under the 2005 Director Deferred Compensation Plan until distribution from the 2005 Director Deferred Compensation Plan. Distributions are made only in common shares of Worthington Industries, Inc. and generally commence upon the leaving the Board of Directors of Worthington Industries, Inc.
The amount shown reflects additional theoretical common shares (i.e., phantom stock) which were credited pursuant to the dividend reinvestment feature of the 2005 Director Deferred Compensation Plan since the date on which the amount of theoretical common shares credited pursuant to the dividend reinvestment feature under the 2005 Director Deferred Compensation Plan was last updated in the reporting person's Form 4 filed on April 18, 2019.