RYI.Ryerson Holding CORP

Form 4: Ryerson Holding Corp: Executive John E. Orth Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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John E. Orth, EVP of Operations at Ryerson Holding Corp, reports the acquisition of dividend equivalent rights on restricted stock units.

Summary

  • John E. Orth, EVP of Operations at Ryerson Holding Corp, filed a Form 4 on March 25, 2024, reporting changes in beneficial ownership.
  • The reported transactions involve the acquisition of dividend equivalent rights on restricted stock units.
  • These rights accrued on restricted stock units granted on March 31, 2021, March 31, 2022, and March 31, 2023, and 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.
  • Specifically, 10.1139 dividend equivalent rights relate to the 2021 grant, 20.0292 relate to the 2022 grant, and 34.3377 relate to the 2023 grant.
  • Following the reported transactions, Orth directly owns 1,739.1493, 3,444.2212 and 5,904.6111 restricted stock units respectively.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral.

Positives

  • The acquisition of dividend equivalent rights suggests continued alignment of executive compensation with shareholder returns.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
03/21/2024Date of transaction: Acquisition of dividend equivalent rights.
03/25/2024Date of Form 4 filing.
03/31/2021Date of grant of restricted stock units related to some of the dividend equivalent rights.
03/31/2022Date of grant of restricted stock units related to some of the dividend equivalent rights.
03/31/2023Date of grant of restricted stock units related to some of the dividend equivalent rights.
03/31/2024Vesting date for some of the restricted stock units and dividend equivalent rights.
03/31/2025Vesting date for some of the restricted stock units and dividend equivalent rights.
03/31/2026Vesting date for some of the restricted stock units and dividend equivalent rights.

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