Form 4: Ryerson Holding Corp Executive Receives Dividend Equivalent Rights on Restricted Stock Units
SEC Form 4 Filing
James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corp, acquired dividend equivalent rights on previously granted restricted stock units.
Summary
- On June 20, 2024, James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corp, acquired dividend equivalent rights on restricted stock units.
- These rights are associated with restricted stock units 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 restricted stock units and vest proportionately with the restricted stock units.
- Claussen now holds 4,055.5455 restricted stock units related to the 2022 grant, 7,945.8684 related to the 2023 grant, and 11,657.1768 related to the 2024 grant.
Sentiment
Score: 6
Explanation: The document is a neutral disclosure of executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate practices.
Positives
- The granting of dividend equivalent rights suggests a continued investment in and alignment with the company's performance by its executives.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the company's ongoing compensation practices.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units and dividend equivalent rights are common practice among publicly traded companies, including competitors like Reliance Steel & Aluminum Co. and Russel Metals Inc.
- The vesting schedules and terms of these grants are generally aligned with industry standards for incentivizing long-term performance and retention.
Stakeholder Impact
- Shareholders may view this as part of the overall executive compensation strategy.
- Employees may see this as part of the company's approach to incentivizing and retaining key personnel.
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. |
| 06/20/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 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. |
| 06/24/2024 | Date of Form 4 filing. |
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