Tamara L. Lundgren - 31 Oct 2022 Form 4 Insider Report for SCHNITZER STEEL INDUSTRIES, INC. (RDUS)

Role
Chairman, President & CEO, Director
Signature
Joseph J. Bradley, Attorney-in-Fact
Issuer symbol
RDUS
Transactions as of
31 Oct 2022
Net transactions value
-$2,500,893
Form type
4
Filing time
02 Nov 2022, 19:23:48 UTC
Previous filing
09 May 2022
Next filing
15 Nov 2022
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 +130,081 +12% $0.000000 1,174,902 31 Oct 2022 Direct F1
transaction SCHN Class A Common Stock Tax liability $1,806,387 -66,928 -5.7% $26.99 1,107,974 01 Nov 2022 Direct F2
transaction SCHN Class A Common Stock Tax liability $694,507 -25,732 -2.3% $26.99 1,082,242 01 Nov 2022 Direct F3
* 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 2020-2022 under a performance share award. Compensation Committee certification of the award payout level occurred on October 28, 2022.
F2 Shares were withheld by the issuer to cover withholding taxes on issuance of performance shares.
F3 Shares were withheld by the issuer to cover withholding taxes upon vesting of restricted stock units.