Form 4: Ryerson Holding Corp: Chief Information Officer Sundarrajan Alagu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ryerson Holding Corp's Chief Information Officer, Sundarrajan Alagu, reports changes in beneficial ownership due to the acquisition of dividend equivalent rights on restricted stock units.
Summary
- On March 20, 2025, Sundarrajan Alagu, the Chief Information Officer of Ryerson Holding Corp, reported changes in beneficial ownership.
- The changes involve the acquisition of dividend equivalent rights on restricted stock units (RSUs).
- These rights are associated with RSUs 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 RSUs and vest proportionately with the RSUs.
- Alagu acquired 13.58 dividend equivalent rights related to the 2022 grant, 31.04 related to the 2023 grant, and 45.538 related to the 2024 grant.
- The RSUs and associated dividend equivalent rights will vest on various dates: 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).
- Following the reported transactions, Alagu directly owns 1,784.322, 4,078.605 and 5,983.617 restricted stock units respectively.
Sentiment
Score: 6
Explanation: The document is a neutral regulatory filing. The acquisition of dividend equivalent rights is a standard part of executive compensation and doesn't necessarily indicate positive or negative sentiment.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 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 | Date of grant for some of the restricted stock units. |
| 03/20/2025 | Date of transaction (acquisition of dividend equivalent rights). |
| 03/24/2025 | Date of signature on the Form 4 filing. |
| 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. |
| 03/31/2027 | Vesting date for some of the restricted stock units and dividend equivalent rights. |
Keywords
beneficial ownership, Ryerson Holding Corp, restricted stock units, dividend equivalent rights, Form 4, insider trading, Sundarrajan Alagu, Chief Information Officer
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