4//SEC Filing
ENDRES MICHAEL J 4
Accession 0000950170-24-000130
CIK 0000108516other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 12:53 PM ET
Size
8.6 KB
Accession
0000950170-24-000130
Insider Transaction Report
Form 4
ENDRES MICHAEL J
Director
Transactions
- Award
Phantom Stock
2023-12-29$57.55/sh+521.29$30,000→ 136,605.66 total→ Common Shares (521.29 underlying)
Holdings
- 139,989
Common Shares
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]The Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan for Directors, as amended (the "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 Plan until distribution from the 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.
- [F4]Holdings that were previously reported on Form 4 have been adjusted in connection with the spin-off of Worthington Steel, Inc. by the Issuer.
- [F5]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 October 2, 2023.
Documents
Issuer
WORTHINGTON ENTERPRISES, INC.
CIK 0000108516
Entity typeother
Related Parties
1- filerCIK 0001110858
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 12:53 PM ET
- Size
- 8.6 KB