Richard A. Manson - Jan 1, 2025 Form 4 Insider Report for OLYMPIC STEEL INC (ZEUS)

Role
Chief Financial Officer
Signature
/s/ Lisa K. Christen, as Attorney-In-Fact
Stock symbol
ZEUS
Transactions as of
Jan 1, 2025
Transactions value $
-$47,171
Form type
4
Date filed
1/3/2025, 04:48 PM
Previous filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZEUS Common Stock Options Exercise $0 +3K +30.31% $0.00 12.9K Jan 3, 2025 Direct
transaction ZEUS Common Stock Tax liability -$47.2K -1.48K -11.44% $31.98 11.4K Jan 3, 2025 Direct
holding ZEUS Common Stock 3.81K Jan 1, 2025 Held by Spouse
holding ZEUS Common Stock 1.57K Jan 1, 2025 Held by Personal IRA

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 +3K +6.62% $0.00 48.3K Jan 1, 2025 Common Stock 3K Direct F1, F2, F3
transaction ZEUS Restricted Share Units Options Exercise $0 -3K -6.21% $0.00 45.3K Jan 3, 2025 Common Stock 3K Direct F4
* 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 (the "Plan"). These RSUs vest on December 31, 2027 if the Reporting Person continues to be an employee of Olympic Steel (or its subsidiaries or affiliates) in the same or 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 The total number of RSUs includes previously granted RSUs with different vesting and payment terms.
F4 These RSUs were granted under the Plan and converted into shares of common stock on a one-for-one basis on January 3, 2025.