4//SEC Filing
SMOLENSKI ERIC M 4
Accession 0001209191-22-039581
CIK 0000108516other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 2:52 PM ET
Size
12.9 KB
Accession
0001209191-22-039581
Insider Transaction Report
Form 4
SMOLENSKI ERIC M
VP-HUMAN RESOURCES
Transactions
- Award
Common Shares
2022-06-24+4,400→ 87,536 total - Award
Non-qualified stock option (right to buy)
2022-06-24+4,100→ 4,100 totalExercise: $46.39From: 2023-06-24Exp: 2032-06-24→ Common Shares (4,100 underlying) - Tax Payment
Common Shares
2022-06-27$46.61/sh−1,184$55,186→ 86,352 total
Holdings
- 4,806
Phantom stock acquired under Deferred Compensation Plan
→ Common Shares (26 underlying) - 7,362(indirect: By 401(k))
Common Shares
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 (6/24/2025).
- [F2]Represents shares withheld in order to satisfy the reporting person's tax withholding obligation upon such vesting.
- [F3]Amount listed is the most up-to-date information available regarding holdings in the Company Stock Fund under the Worthington Industries, Inc. Deferred Profit Sharing Plan and is based on a plan statement dated as of March 29, 2022.
- [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 vest annually on 6/24/2024 and 6/24/2025.
- [F5]The account under the 2005 NQ Plan (defined in the footnote immediately below) tracks common shares on a one-for-one basis.
- [F6]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 investment options under the terms of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "2005 NQ Plan").
- [F7]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. 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 a person's leaving employment with Worthington Industries, Inc.
- [F8]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.
Documents
Issuer
WORTHINGTON INDUSTRIES INC
CIK 0000108516
Entity typeother
Related Parties
1- filerCIK 0001459904
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 2:52 PM ET
- Size
- 12.9 KB