Peter B. Saba - Nov 1, 2021 Form 4 Insider Report for SCHNITZER STEEL INDUSTRIES, INC. (SCHN)

Role
SVP, GC, & Corp. Secretary
Signature
Joseph J. Bradley, Attorney-in-Fact
Stock symbol
SCHN
Transactions as of
Nov 1, 2021
Transactions value $
-$637,158
Form type
4
Date filed
11/3/2021, 09:33 PM
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHN Class A Common Stock Award $0 +9.68K +15.41% $0.00 72.5K Nov 1, 2021 Direct F1
transaction SCHN Class A Common Stock Tax liability -$155K -2.89K -3.98% $53.80 69.6K Nov 1, 2021 Direct F2
transaction SCHN Class A Common Stock Tax liability -$170K -3.16K -4.54% $53.80 66.5K Nov 1, 2021 Direct F3
transaction SCHN Class A Common Stock Sale -$312K -6.04K -9.08% $51.60 60.4K Nov 3, 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.