SEC Form 4 · accession 0001209191-18-041472
WORTHINGTON ENTERPRISES, INC. · WOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard G Welch
Officer — Controller
Period of report
Jul 2, 2018
Accepted (ET)
Jul 5, 2018 · 2:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000108516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jul 2, 2018 | A | 935 | $0.00 | A | 30,975 | D | |
| Common SharesF2 | Jul 2, 2018 | F | 439 | $42.85 | D | 30,536 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1A long-term performance share award was granted on June 1, 2015 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 July 2, 2018. On June 26, 2018, 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, 2018.
- F2Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.