Richard T. Marabito - Jan 3, 2022 Form 4 Insider Report for OLYMPIC STEEL INC (ZEUS)

Role
Chief Executive Officer, Director
Signature
/s/ Lisa K. Christen, as Attorney-in-Fact
Stock symbol
ZEUS
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 04:47 PM
Previous filing
Aug 13, 2021
Next filing
Mar 8, 2022

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 ZEUS Restricted Share Units Award $0 +11K +9.61% $0.00 125K Jan 3, 2022 Common Stock 11K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit ("RSU") represents the contingent right to receive one share of Olympic Steel, Inc. common stock.
F2 These RSUs were granted under Olympic Steel's Amended and Restated 2007 Omnibus Incentive Plan, as amended. These RSUs vest on January 1, 2025 if the Reporting Person continues to be an employee of Olympic Steel (or its subsidiaries or affiliates) in the same or a higher position on such date. Any vested RSUs generally will be settled within 90 days following the applicable vesting date. Vesting and settlement may also occur earlier in limited circumstances as specified in the applicable award documents.
F3 This total number of RSUs includes previously-granted RSUs with different vesting and payment terms.