Form 4: Ryerson Holding Corp: CEO Edward J. Lehner Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Edward J. Lehner, President & CEO of Ryerson Holding Corp, reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On September 19, 2024, Edward J. Lehner, the President & CEO of Ryerson Holding Corp, reported the acquisition of dividend equivalent rights.
- These rights are associated with restricted stock units granted on March 31, 2022, March 31, 2023, and March 31, 2024.
- The dividend equivalent rights accrue when dividends are paid on the common shares underlying the restricted stock units and vest proportionately with those units.
- The reported transactions resulted in Mr. Lehner beneficially owning 12,863.556, 25,203.052, and 36,974.736 dividend equivalent rights related to the 2022, 2023 and 2024 grants respectively.
- The restricted stock units vest on March 31, 2025 (for the 2022 grant), March 31, 2025 and March 31, 2026 (for the 2023 grant), and March 31, 2025, March 31, 2026 and March 31, 2027 (for the 2024 grant).
Sentiment
Score: 6
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of the CEO'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 acquisition of dividend equivalent rights aligns the CEO's interests with shareholders, potentially incentivizing value creation.
Key Dates
| Date | Description |
|---|---|
| 2022-03-31 | Date of grant for some of the restricted stock units related to the dividend equivalent rights. |
| 2023-03-31 | Date of grant for some of the restricted stock units related to the dividend equivalent rights. |
| 2024-03-31 | Date of grant for some of the restricted stock units related to the dividend equivalent rights. |
| 2024-09-19 | Date of transaction: Acquisition of dividend equivalent rights. |
| 2024-09-23 | Date of signature on the Form 4 filing. |
| 2025-03-31 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
| 2026-03-31 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
| 2027-03-31 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
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