Form 4: Ryerson Holding Corp CAO Molly D Kannan Reports Acquisition of Dividend Equivalent Rights

Molly D Kannan, CAO & Corporate Controller of Ryerson Holding Corp, reports the acquisition of dividend equivalent rights related to restricted stock units.

Summary

• Molly D Kannan, CAO & Corporate Controller of Ryerson Holding Corporation, filed a Form 4 on June 24, 2024, reporting transactions related to dividend equivalent rights.
• The transactions involve the acquisition of dividend equivalent rights that accrued on restricted stock units granted on March 31, 2022, March 31, 2023, and March 31, 2024.
• These dividend equivalent rights vest proportionately with the underlying restricted stock units and are subject to the same settlement and expiration terms.
• The reported transactions did not involve the sale or disposal of any securities.
• Following the reported transactions, Ms. Kannan beneficially owns 1,738.0909 dividend equivalent rights related to the 2022 grant, 3,972.9346 related to the 2023 grant and 5,828.5884 related to the 2024 grant.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain information that would significantly impact sentiment.

Positives

• The acquisition of dividend equivalent rights suggests continued alignment of Ms. Kannan's interests with those of the shareholders.

Future Outlook

The unvested restricted stock units and related dividend equivalent rights will vest on March 31, 2025, March 31, 2026, and March 31, 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of dividend equivalent rights aligns the interests of the reporting person with those of the shareholders.

Key Dates