Edward J. Lehner - 31 Mar 2024 Form 4 Insider Report for Ryerson Holding Corp (RYI)

Role
President & CEO, Director
Signature
/s/ Camilla Rykke Merrick, attorney-in-fact
Issuer symbol
RYI
Transactions as of
31 Mar 2024
Net transactions value
-$1,800,926
Form type
4
Filing time
02 Apr 2024, 17:13:14 UTC
Previous filing
25 Mar 2024
Next filing
06 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RYI Common Stock (par value ($0.01 per share) Options Exercise $0 +12,174 +2.2% $0.000000 557,887 31 Mar 2024 Direct F1
transaction RYI Common Stock (par value ($0.01 per share) Options Exercise $0 +12,629 +2.3% $0.000000 570,516 31 Mar 2024 Direct F1
transaction RYI Common Stock (par value ($0.01 per share) Options Exercise $0 +12,372 +2.2% $0.000000 582,887 31 Mar 2024 Direct F1
transaction RYI Common Stock (par value ($0.01 per share) Options Exercise $0 +70,350 +12% $0.000000 653,237 31 Mar 2024 Direct F2
transaction RYI Common Stock (par value ($0.01 per share) Tax liability $1,800,926 -53,759 -8.2% $33.50 599,478 01 Apr 2024 Direct F12

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RYI Restricted Stock Units Options Exercise $0 -12,174 -100% $0.000000* 0 31 Mar 2024 Common Stock 12,174 Direct F3, F4, F5, F6
transaction RYI Restricted Stock Units Options Exercise $0 -12,629 -50% $0.000000 12,629 31 Mar 2024 Common Stock 12,629 Direct F3, F4, F7, F8
transaction RYI Restricted Stock Units Options Exercise $0 -12,372 -33% $0.000000 24,743 31 Mar 2024 Common Stock 12,372 Direct F3, F4, F9, F10
transaction RYI Restricted Stock Units Award $0 +36,300 $0.000000 36,300 31 Mar 2024 Common Stock 36,300 Direct F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares received upon the vesting of restricted stock units and shares received upon the vesting of dividend equivalent rights granted in connection with the quarterly dividends declared by Ryerson Holding Corporation (the "Company"). Dividend equivalent rights are subject to the same terms and conditions, including vesting, as the underlying restricted stock units.
F2 Represents shares received or that will be received in respect of performance-based restricted stock units granted on March 31, 2021. Each performance-based restricted stock unit became vested on March 31, 2024, which was the later of (i) the third anniversary of the grant date and (ii) the date the compensation committee certified the achievement of the applicable performance objectives in accordance with the underlying award agreement. The compensation committee certified the achievement of the applicable performance objectives on March 31, 2024. Vested shares will be delivered to the reporting person not later than 60 days following the vesting date.
F3 Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
F4 The restricted stock units reported as disposed herein were settled for shares of common stock of the Company.
F5 On March 31, 2021, the reporting person was granted 34,650 restricted stock units, of which 11,550 vested on the first anniversary of the grant date, 11,550 vested on the second anniversary of the grant date and 11,550 vested on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F6 Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2021. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F7 On March 31, 2022, the reporting person was granted 36,300 restricted stock units, of which 12,100 vested on the first anniversary of the grant date and 12,100 vested on the second anniversary of the grant date. All 12,100 of the remaining unvested restricted stock units will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F8 Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2022. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F9 On March 31, 2023, the reporting person was granted 36,300 restricted stock units, of which 12,100 vested on the first anniversary of the grant date. Of the remaining unvested restricted stock units, 12,100 will vest on the second anniversary of the grant date and 12,100 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F10 Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2023. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F11 On March 31, 2024, the reporting person was granted 36,300 restricted stock units, of which 12,100 will vest on the first anniversary of the grant date, 12,100 will vest on the second anniversary of the grant date and 12,100 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
F12 Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations in connection with the net settlement of restricted stock units.