4//SEC Filing
KARMANOS PETER 4
Accession 0001209191-19-050949
CIK 0000108516other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 2:14 PM ET
Size
9.0 KB
Accession
0001209191-19-050949
Insider Transaction Report
Form 4
KARMANOS PETER
Director
Transactions
- Award
Common Shares
2019-09-25+3,600→ 72,140 total - Award
Phantom Stock
2019-09-26$35.14/sh+2,988$104,998→ 93,302 total→ Common Shares (2,988 underlying)
Footnotes (5)
- [F1]An award of restricted stock was granted pursuant to the Worthington Industries, Inc. Amended and Restated 2006 Equity Incentive Plan for Non-Employee Directors. The restricted stock will vest on the earlier to occur of (1) the first anniversary of the grant date (September 25, 2020); or (2) the date on which the next Annual Meeting of Shareholders of Worthington Industries, Inc. is held.
- [F2]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.
- [F3]Prior to October 1, 2014, the account balances related to theoretical common shares could be immediately transferred to other investment options under the terms of the deferred compensation plan in which the reporting person participates.
- [F4]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.
- [F5]The amount shown reflects additional theoretical common shares (i.e. phantom stock) which were credited pursuant to the dividend reinvestment feature of the Plan since the date on which the amount of theoretical common shares credited pursuant to dividend reinvestment under the Plan was last updated in the reporting person's Form 4 filed October 1, 2018.
Documents
Issuer
WORTHINGTON INDUSTRIES INC
CIK 0000108516
Entity typeother
Related Parties
1- filerCIK 0001110860
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 2:14 PM ET
- Size
- 9.0 KB