Form 4: Olympic Steel CFO Richard Manson Reports Stock Transactions
SEC Form 4 Filing
Richard Manson, CFO of Olympic Steel, reports the acquisition and disposal of common stock and restricted share units.
Summary
- Richard Manson, the Chief Financial Officer of Olympic Steel Inc., filed a Form 4 detailing changes in beneficial ownership.
- On January 3, 2025, Manson acquired 3,000 shares of common stock through the vesting of restricted share units (RSUs).
- Also on January 3, 2025, Manson disposed of 1,475 shares of common stock at a price of $31.98.
- Following these transactions, Manson directly owns 11,422 shares of common stock.
- Manson also indirectly owns 3,810 shares held by his spouse and 1,565 shares held by a personal IRA.
- He also holds 45,330 restricted share units.
- 3,000 Restricted Share Units were granted on January 1, 2025, vesting on December 31, 2027.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company officer, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CFO's transactions in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Grant date of 3,000 Restricted Share Units |
| 01/03/2025 | Date of common stock acquisition and disposal |
| 01/03/2025 | Date of Form 4 filing |
| 12/31/2027 | Vesting date for 3,000 Restricted Share Units granted on January 1, 2025 |
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