Form 4: Ryerson Holding Corp: Chief Information Officer Sundarrajan Alagu Reports Changes in Beneficial Ownership
SEC Filing Form 4
Ryerson Holding Corp's Chief Information Officer, Sundarrajan Alagu, filed a Form 4 detailing changes in beneficial ownership due to the acquisition of dividend equivalent rights on restricted stock units.
Summary
- On June 24, 2024, Alagu Sundarrajan, Chief Information Officer of Ryerson Holding Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of dividend equivalent rights on restricted stock units.
- These rights accrued on restricted stock units granted on March 31, 2022, March 31, 2023, and March 31, 2024, and outstanding as of June 20, 2024.
- The dividend equivalent rights vest proportionately with the underlying restricted stock units.
- The restricted stock units vest on March 31, 2025, March 31, 2026 and March 31, 2027 depending on the grant date.
- The reporting person now beneficially owns 1,738.0909, 3,972.9346 and 5,828.5884 shares of common stock through dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
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 a company officer could be perceived positively by stakeholders as it aligns the officer's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of grant for some of the restricted stock units on which dividend equivalent rights accrued. |
| 03/31/2023 | Date of grant for some of the restricted stock units on which dividend equivalent rights accrued. |
| 03/31/2024 | Date of grant for some of the restricted stock units on which dividend equivalent rights accrued. |
| 06/20/2024 | Date of transaction for the acquisition of dividend equivalent rights. |
| 06/24/2024 | Date of filing of the Form 4. |
| 03/31/2025 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
| 03/31/2026 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
| 03/31/2027 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
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