Kennedy Patrick J. 4
4 · WORTHINGTON ENTERPRISES, INC. · Filed Jun 28, 2024
Insider Transaction Report
Form 4
Kennedy Patrick J.
VP-General Counsel & Secy
Transactions
- Award
Common Shares
2024-06-27+3,900→ 22,255 total - Award
Common Shares
2024-06-27+1,660→ 23,915 total - Award
Common Shares
2024-06-27+830→ 24,745 total - Award
Non-qualified stock option (right to buy)
2024-06-27+3,400→ 3,400 totalExercise: $47.00From: 2025-06-27Exp: 2034-06-27→ Common Shares (3,400 underlying)
Holdings
- 3,776
Employee Non-Qualified Stock Option (Right to Buy)
Exercise: $29.48From: 2023-06-24Exp: 2032-06-24→ Common Shares (3,776 underlying) - 3,147
Employee Non-Qualified Stock Option (Right to Buy)
Exercise: $44.15From: 2024-06-30Exp: 2033-06-30→ Common Shares (3,147 underlying) - 1,258
Employee Non-Qualified Stock Option (Right to Buy)
Exercise: $38.25From: 2022-06-25Exp: 2031-06-25→ Common Shares (1,258 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 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 on 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.