CATHERINE M. LYTTLE - 01 Jul 2022 Form 4 Insider Report for WORTHINGTON INDUSTRIES INC (WOR)

Signature
/s/Patrick J. Kennedy, as attorney-in-fact for Catherine M. Lyttle
Issuer symbol
WOR
Transactions as of
01 Jul 2022
Transactions value $
-$107,849
Form type
4
Filing time
05 Jul 2022, 13:51:16 UTC
Previous filing
28 Jun 2022
Next filing
29 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WOR Common Shares Award $0 +5,400 +10.59% $0 56,411 01 Jul 2022 Direct F1
transaction WOR Common Shares Tax liability -$107,849 -2,450 -4.34% $44.02 53,961 01 Jul 2022 Direct F2
holding WOR Common Shares 138 01 Jul 2022 By 401(k) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A long-term performance share award was granted on June 28, 2018 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, 2021. On June 22, 2021, 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, 2021.
F2 Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
F3 Amount listed is the most up-to-date information available regarding holdings in the Company Plan Fund which invests in common shares of Worthington Industries, Inc. and is based on a plan statement dated as of June 30, 2022.