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Filing Details

Accession Number:: 0001209191-23-021529
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-03-29 16:14:52
Reporting Period:: 2023-03-28

Accepted Time:: 2023-03-29 16:14:52
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
1554743	M Catherine Lyttle	200 Old Wilson Bridge Road Columbus OH 43085	Sr Vp & Chief Hr Officer	No	Yes	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
Common Shares	Acquisiton	2023-03-28	2,200	$42.30	56,184	No	4	M	Direct
Common Shares	Acquisiton	2023-03-28	1,800	$42.91	57,984	No	4	M	Direct
Common Shares	Acquisiton	2023-03-28	1,700	$42.50	59,684	No	4	M	Direct
Common Shares	Acquisiton	2023-03-28	4,300	$38.91	63,984	No	4	M	Direct
Common Shares	Disposition	2023-03-28	9,880	$62.89	54,104	No	4	S	Direct
Common Shares	Disposition	2023-03-28	120	$63.38	53,984	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	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	2023-03-28	2,200	$0.00	2,200	$42.30
Common Shares	Non-qualified stock option (right to buy)	Disposition	2023-03-28	1,800	$0.00	1,800	$42.91
Common Shares	Non-qualified stock option (right to buy)	Disposition	2023-03-28	1,700	$0.00	1,700	$42.50
Common Shares	Non-qualified stock option (right to buy)	Disposition	2023-03-28	4,300	$0.00	4,300	$38.91

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2017-06-30	2026-06-30	No	4	M	Direct
2019-06-28	2028-06-28	No	4	M	Direct
2019-09-26	2028-09-26	No	4	M	Direct
2020-06-27	2029-06-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	140	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			6	343	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	6	343	Direct

Footnotes

The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $62.37 to $62.89, inclusive. The reporting person undertakes to provide to 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 range set forth.
The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $63.37 to $63.39, inclusive. The reporting person undertakes to provide to 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 range set forth.
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 December 31, 2022.
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 vested. Additional portions of 33.33% of the option vested annually on 6/30/2018 and 6/30/2019.
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 vested. Additional portions of 33.33% of the option vested annually on 6/28/2020 and 6/28/2021.
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 vested. Additional portions of 33.33% of the option vested annually on 9/26/2020 and 9/26/2021.
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 vested. Additional portions of 33.33% of the option vested annually on 6/27/2021 and 6/27/2022.
The account under the 2005 NQ Plan (as defined below) tracks Worthington Industries Inc. common shares on a one-for-one basis.
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.
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.