Form 4: Ryerson Holding Corp CEO Edward J. Lehner Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Edward J. Lehner, President & CEO of Ryerson Holding Corp, reports acquisition of dividend equivalent rights on restricted stock units.
Summary
- On March 21, 2024, Edward J. Lehner, the President & CEO of Ryerson Holding Corp, reported changes in beneficial ownership.
- The report details the acquisition of dividend equivalent rights related to restricted stock units.
- These rights accrued on restricted stock units granted on March 31, 2021, March 31, 2022, and March 31, 2023, and were outstanding as of March 21, 2024.
- The dividend equivalent rights vest proportionately with the underlying restricted stock units and are subject to the same settlement and expiration terms.
- The total dividend equivalent rights acquired are 70.7968, 146.883 and 215.8368 for the 2021, 2022 and 2023 grants respectively.
- Following the reported transactions, Lehner directly owns 12,174.0455, 25,257.6268 and 37,114.6974 restricted stock units related to the 2021, 2022 and 2023 grants respectively.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating standard compensation practices.
Positives
- The acquisition of dividend equivalent rights suggests confidence in the company's future performance, as these rights are tied to dividend payouts on the underlying common stock.
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 by the CEO could be viewed positively by shareholders, as it aligns his interests with those of the company's dividend payouts.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Grant date of some of the restricted stock units for which dividend equivalent rights were acquired. |
| 03/31/2022 | Grant date of some of the restricted stock units for which dividend equivalent rights were acquired. |
| 03/31/2023 | Grant date of some of the restricted stock units for which dividend equivalent rights were acquired. |
| 03/21/2024 | Date of the reported transaction: acquisition of dividend equivalent rights. |
| 03/25/2024 | Date of signature on the Form 4 filing. |
| 03/31/2024 | Vesting date for some of the restricted stock units and related dividend equivalent rights. |
| 03/31/2025 | Vesting date for some of the restricted stock units and related dividend equivalent rights. |
| 03/31/2026 | Vesting date for some of the restricted stock units and related dividend equivalent rights. |
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