4//SEC Filing
WELCH RICHARD G 4
Accession 0001209191-20-055452
CIK 0000108516other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 12:22 PM ET
Size
11.3 KB
Accession
0001209191-20-055452
Insider Transaction Report
Form 4
WELCH RICHARD G
Controller
Transactions
- Exercise/Conversion
Common Shares
2020-10-19$23.10/sh+6,500$150,150→ 32,570 total - Tax Payment
Common Shares
2020-10-19$49.52/sh−4,655$230,516→ 27,915 total - Exercise/Conversion
Non-qualified Stock Option (right to buy)
2020-10-19−6,500→ 0 totalExercise: $23.10From: 2012-06-30Exp: 2021-06-30→ Common Shares (6,500 underlying)
Holdings
- 6,623
Phantom Stock Acquired Under Deferred Compensation Plan
→ Common Shares (467 underlying)
Footnotes (5)
- [F1]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 annually on 6/30/2013 and 6/30/2014.
- [F2]The account tracks common shares on a one-for-one basis.
- [F3]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").
- [F4]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 shares 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.
- [F5]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 0001194138
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 12:22 PM ET
- Size
- 11.3 KB