4//SEC Filing
ENDRES MICHAEL J 4
Accession 0001209191-23-050987
CIK 0000108516other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 2:29 PM ET
Size
9.0 KB
Accession
0001209191-23-050987
Insider Transaction Report
Form 4
ENDRES MICHAEL J
Director
Transactions
- Award
Phantom Stock
2023-09-29$61.82/sh+1,536.72$95,000→ 86,165.86 total→ Common Shares (1,536.72 underlying) - Award
Common Shares
2023-09-29+2,300→ 139,640 total
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 29, 2024); 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 the theoretical common shares could be immediately transferred to other investment options under the terms of the deferred compensation plans.
- [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 Company 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 the Company and generally commence upon the leaving the Company's Board of Directors.
- [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 3, 2022.
Documents
Issuer
WORTHINGTON INDUSTRIES INC
CIK 0000108516
Entity typeother
Related Parties
1- filerCIK 0001110858
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 2:29 PM ET
- Size
- 9.0 KB