0000950170-23-068989.txt : 20231208
0000950170-23-068989.hdr.sgml : 20231208
20231208141246
ACCESSION NUMBER: 0000950170-23-068989
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231206
FILED AS OF DATE: 20231208
DATE AS OF CHANGE: 20231208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HAYEK JOSEPH B
CENTRAL INDEX KEY: 0001429897
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08399
FILM NUMBER: 231474979
MAIL ADDRESS:
STREET 1: 200 OLD WILSON BRIDGE ROAD
CITY: COLUMBUS
STATE: OH
ZIP: 43085
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WORTHINGTON ENTERPRISES, INC.
CENTRAL INDEX KEY: 0000108516
STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
IRS NUMBER: 311189815
STATE OF INCORPORATION: OH
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 200 W. OLD WILSON BRIDGE ROAD
CITY: COLUMBUS
STATE: OH
ZIP: 43085
BUSINESS PHONE: 6144383210
MAIL ADDRESS:
STREET 1: 200 W. OLD WILSON BRIDGE ROAD
CITY: COLUMBUS
STATE: OH
ZIP: 43085
FORMER COMPANY:
FORMER CONFORMED NAME: WORTHINGTON INDUSTRIES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: WORTHINGTON STEEL CO
DATE OF NAME CHANGE: 19720123
4
1
ownership.xml
4
X0508
4
2023-12-06
0000108516
WORTHINGTON ENTERPRISES, INC.
WOR
0001429897
HAYEK JOSEPH B
200 OLD WILSON BRIDGE ROAD
COLUMBUS
OH
43085
false
true
false
false
EVP and CFO
false
Common Shares
195383
D
Common Shares
2000
I
By IRA (Merrill-Lynch)
Common Shares
1617
I
By IRA (Vanguard)
Phantom Stock Acquired Under the Deferred Compensation Plan
2023-12-06
4
A
false
2.98
51.62
A
Common Shares
2.98
3933.07
D
Employee Non-Qualified Stock Option (Right to Buy)
38.25
2022-06-25
2031-05-25
Common Shares
8340
8340
D
Employee Non-Qualified Stock Option (Right to Buy)
29.48
2023-06-24
2032-06-24
Common Shares
12117
12117
D
Employee Non-Qualified Stock Option (Right to Buy)
44.15
2024-06-30
2033-06-30
Common Shares
9127
9127
D
Holdings that were previously reported on Form 4 have been adjusted in connection with the spin-off of Worthington Steel, Inc. (the "Spin-Off") by the Issuer.
The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated September 30, 2023.
The account under the 2005 NQ Plan (defined in footnote (3) below) tracks common shares on a one-for-one basis.
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 deemed investment options under the terms of the Worthington Industries, Inc. Amended and Restated 2005 Deferred Compensation Plan, as amended (the "2005 NQ Plan"). 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. the 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 leaving Worthington Industries, Inc. and its subsidiaries.
The amount reported includes the additional unfunded theoretical common shares (i.e., phantom stock) credited pursuant to the theoretical Worthington Industries, Inc. common share deemed investment option pursuant to the dividend reinvestment feature of the 2005 NQ Plan on November 30, 2023.
Pursuant to the Employee Matters Agreement between the Issuer and Worthington Steel, Inc. dated November 30, 2023, in connection with the Spin-Off, the strike price and the number of underlying shares of each unvested and vested but unexercised stock option held by the reporting person immediately before the Spin-Off was adjusted to preserve the intrinsic value of such award following the Spin-Off. Each adjusted option otherwise has substantially the same terms and conditions.
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 on 6/25/2023 and will vest 6/25/2024.
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 vest annually on 6/24/2024 and 6/24/2025.
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.
/s/Patrick J. Kennedy, as attorney-in-fact for Joseph B. Hayek
2023-12-08