Form 4: Ryerson Holding Corp Executive John E. Orth Reports Acquisition of Dividend Equivalent Rights
SEC Form 4
John E. Orth, EVP of Operations at Ryerson Holding Corp, reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On September 19, 2024, John E. Orth, EVP of Operations at Ryerson Holding Corp, reported the acquisition of dividend equivalent rights related to previously granted restricted stock units.
- These rights accrued on restricted stock units granted on March 31, 2022, March 31, 2023, and March 31, 2024.
- The dividend equivalent rights vest proportionately with the underlying restricted stock units and are subject to the same terms.
- The reported transactions involve 16.031, 36.642, and 53.757 dividend equivalent rights related to the 2022, 2023 and 2024 grants respectively.
- Following the reported transactions, Orth directly owns 1,754.122, 4,009.576 and 5,882.346 dividend equivalent rights related to the 2022, 2023 and 2024 grants respectively.
- The unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2025, March 31, 2026 and March 31, 2027, depending on the grant date.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of executive compensation with shareholder interests.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates ongoing compensation practices at Ryerson Holding Corp.
Stakeholder Impact
- The acquisition of dividend equivalent rights aligns executive interests with those of shareholders, potentially fostering long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of grant for some of the restricted stock units to which the dividend equivalent rights relate. |
| 03/31/2023 | Date of grant for some of the restricted stock units to which the dividend equivalent rights relate. |
| 03/31/2024 | Date of grant for some of the restricted stock units to which the dividend equivalent rights relate. |
| 09/19/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/23/2024 | Date of signature on the Form 4 filing. |
| 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. |
| 03/31/2027 | Vesting date for some of the restricted stock units and related dividend equivalent rights. |
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