Peter B. Saba - 01 Nov 2021 Form 4 Insider Report for SCHNITZER STEEL INDUSTRIES, INC. (RDUS)

Role
SVP, GC, & Corp. Secretary
Signature
Joseph J. Bradley, Attorney-in-Fact
Issuer symbol
RDUS
Transactions as of
01 Nov 2021
Net transactions value
-$637,158
Form type
4
Filing time
03 Nov 2021, 21:33:02 UTC
Next filing
09 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHN Class A Common Stock Award $0 +9,681 +15% $0.000000 72,523 01 Nov 2021 Direct F1
transaction SCHN Class A Common Stock Tax liability $155,428 -2,889 -4% $53.80 69,634 01 Nov 2021 Direct F2
transaction SCHN Class A Common Stock Tax liability $170,169 -3,163 -4.5% $53.80 66,471 01 Nov 2021 Direct F3
transaction SCHN Class A Common Stock Sale $311,561 -6,038 -9.1% $51.60 60,433 03 Nov 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are issuable as a result of satisfaction of performance goals for fiscal years 2019-2021 under a performance share award. Compensation Committee certification of the award payout level occurred on October 28, 2021.
F2 Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.
F3 Shares were withheld by the issuer to cover withholding taxes on issuance of performance shares.
F4 This transaction was executed in multiple trades on reported date with prices ranging from $50.78 - $52.15, resulting in an average price of $51.60.