Caravati Steven M 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed Jun 28, 2024
Insider Transaction Report
Form 4
Caravati Steven M
President - Consumer Products
Transactions
- Award
Common Shares
2024-06-27+3,300→ 57,282 total - Award
Common Shares
2024-06-27+410→ 57,692 total - Award
Non-qualified stock option (right to buy)
2024-06-27+2,900→ 2,900 totalExercise: $47.00From: 2025-06-27Exp: 2034-06-27→ Common Shares (2,900 underlying) - Award
Common Shares
2024-06-27+200→ 57,892 total
Holdings
- 3,776
Non-Qualified Stock Option (Right to Buy)
Exercise: $29.48From: 2023-06-24Exp: 2032-06-24→ Common Shares (3,776 underlying) - 2,045
Non-Qualified Stock Option (Right to Buy)
Exercise: $38.25From: 2022-06-25Exp: 2031-06-25→ Common Shares (2,045 underlying) - 3,147
Non-Qualified Stock Option (Right to Buy)
Exercise: $44.15From: 2024-06-30Exp: 2033-06-30→ Common Shares (3,147 underlying)
Footnotes (8)
- [F1]An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/27/2027).
- [F2]An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the second anniversary of the grant date (6/27/2026).
- [F3]An award of restricted stock was granted pursuant to the Worthington Industries Inc. Amended and Restated 1997 Long-Term Incentive Plan. The restricted stock will vest on the first anniversary of the grant date (6/27/2025).
- [F4]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 will vest. Additional portions of 33.33% of the option will vest on 6/27/2026 and 6/27/2027.
- [F5]Pursuant to the Employee Matters Ageement between the Issuer and Worthington Steel, Inc. dated November 30, 2023, in connection with the Spin-Off, the strike price and the number of underlying shares of each unvested and vested but unexercised stock option held by the reporting person immediately before the Spin-Off was adjusted to preserve the intrinsic value of such award following the Spin-Off. Each adjusted option otherwise has substantially the same terms and conditions.
- [F6]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 on 6/25/2023 and will vest 6/25/2024.
- [F7]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 on 6/24/2024 and will vest 6/24/2025.
- [F8]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 will vest. Additional portions of 33.33% of the option will vest on 6/30/2025 and 6/30/2026.