Caravati Steven M 4
4 · WORTHINGTON INDUSTRIES INC · Filed Jul 5, 2023
Insider Transaction Report
Form 4
Caravati Steven M
President - Consumer Products
Transactions
- Tax Payment
Common Shares
2023-07-03$69.56/sh−920$63,995→ 37,064 total - Award
Common Shares
2023-07-03+2,027→ 37,984 total - Award
Non-qualified stock option (right to buy)
2023-06-30+2,000→ 2,000 totalExercise: $69.47From: 2024-06-30Exp: 2033-06-30→ Common Shares (2,000 underlying) - Award
Common Shares
2023-06-30+2,200→ 35,957 total
Footnotes (4)
- [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 (6/30/2026).
- [F2]A long-term performance share award was granted on June 25, 2020 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2023. On June 27, 2023, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three-year period ended May 31, 2023.
- [F3]Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
- [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 6/30/2025 and 6/30/2026.