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, reports the acquisition of dividend equivalent rights on restricted stock units.
Summary
- On March 20, 2025, James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corp, reported 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.
- The dividend equivalent rights vest proportionately with the underlying restricted stock units and are subject to the same settlement and expiration terms.
- Claussen now beneficially owns 4,163.415, 8,157.21 and 11,967.231 restricted stock units related to the 2022, 2023 and 2024 grants respectively.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding executive compensation. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of executive compensation with shareholder interests.
Future Outlook
The unvested restricted stock units and related dividend equivalent rights will vest on March 31, 2025, March 31, 2026, and March 31, 2027, depending on the grant date.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units and dividend equivalent rights to incentivize performance and align with shareholder value.
- Companies like Reliance Steel & Aluminum Co. and Russel Metals Inc. also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The granting of dividend equivalent rights aligns executive interests with those of shareholders, potentially encouraging value creation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of original restricted stock unit grant related to some of the dividend equivalent rights. |
| 03/31/2023 | Date of original restricted stock unit grant related to some of the dividend equivalent rights. |
| 03/31/2024 | Date of original restricted stock unit grant related to some of the dividend equivalent rights. |
| 03/20/2025 | Date of transaction: Acquisition of dividend equivalent rights. |
| 03/24/2025 | Date of 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
Ryerson Holding Corp, James J. Claussen, Executive Vice President, CFO, dividend equivalent rights, restricted stock units, Form 4, beneficial ownership
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