Form 4 for WOR WORTHINGTON ENTERPRISES, INC.
Accepted 2022-07-05 00:00:00 ET · period of report 2022-07-01 · accession 0001209191-22-040469 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-07-05 | 2022-07-01 | WOR | HAYEK JOSEPH B | VP, CFO | A - Grant | $0.00 | +9,000 | 146.7K | +7% | $0 |
| D | 2022-07-05 | 2022-07-01 | WOR | HAYEK JOSEPH B | VP, CFO | F - Tax | $44.02 | -4,083 | 142.6K | -3% | -$179.7K |
| D | 2022-07-05 | 2022-07-01 | WOR | HAYEK JOSEPH B | VP, CFO | A - Grant | $44.02 | +3 | 1,683 | +0.2% | +$132.06 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2022-07-01 | A | A | 9,000 | $0.00 | 146,656 | D | — | — | (F1) A long-term performance share award was granted on June 27, 2019 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 31,2022. On June 21, 2022, 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, 2022. |
| 2 | Common | Common Shares | 2022-07-01 | F | D | 4,083 | $44.02 | 142,573 | D | — | — | (F2) Represents shares withheld in order to satisfy the reporting person's tax withholding obligation upon such vesting. |
| 3 | Derivative | Phantom Stock Acquired Under Deferred Compensation Plan | 2022-07-01 | A | A | 3 | $44.02 | 1,683 | D | — · — to — | 3 Common Shares | (F7) 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 June 30, 2022. (F4) The account under the 2005 NQ Plan (defined in the footnote directly below) tracks common shares on a one-for-one basis. (F5) 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"). (F6) 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. theoretical Worthington Industries, Inc. common shares 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 a person's leaving employment with Worthington Industries, Inc. |