Form 4: Ryerson Holding Corp CAO Molly D Kannan Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Molly D Kannan, CAO & Corporate Controller of Ryerson Holding Corp, reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On March 21, 2024, Molly D Kannan, CAO & Corporate Controller of Ryerson Holding Corporation, reported the acquisition of dividend equivalent rights.
- These rights are associated with restricted stock units granted on March 31, 2021, March 31, 2022, and March 31, 2023.
- The dividend equivalent rights accrue when dividends are paid on the common shares underlying the restricted stock units and vest proportionately with the restricted stock units.
- Kannan directly owns 1,739.1493 shares related to the 2021 grant, 3,444.2212 shares related to the 2022 grant, and 5,904.6111 shares related to the 2023 grant.
- The restricted stock units and associated dividend equivalent rights will vest on various dates in 2024, 2025, and 2026.
Sentiment
Score: 6
Explanation: The document is a neutral regulatory filing. The acquisition of dividend equivalent rights is a standard part of executive compensation.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of the executive's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of dividend equivalent rights aligns the executive's interests with those of the shareholders, potentially incentivizing performance.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
| 03/31/2021 | Date of grant for some of the restricted stock units. |
| 03/31/2022 | Date of grant for some of the restricted stock units. |
| 03/31/2023 | Date of grant for some of the restricted stock units. |
| 03/31/2024 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
| 03/31/2025 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
| 03/31/2026 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
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