Form 4: Ryerson Holding Corp Executive Vice President & CFO James J Claussen Reports Changes in Beneficial Ownership
SEC Form 4
James J Claussen, Executive Vice President & CFO of Ryerson Holding Corp, reports transactions involving restricted stock units and common stock, resulting in adjustments to his beneficial ownership.
Summary
- On March 31, 2024, James J Claussen, the Executive Vice President & CFO of Ryerson Holding Corp, engaged in transactions involving restricted stock units and common stock.
- These transactions included the vesting of restricted stock units and dividend equivalent rights, as well as the grant of new restricted stock units.
- Claussen received shares upon the vesting of restricted stock units granted in 2021, 2022 and 2023, and dividend equivalent rights related to quarterly dividends.
- He also received shares related to performance-based restricted stock units granted on March 31, 2021, which vested on March 31, 2024, after the compensation committee certified the achievement of performance objectives.
- Additionally, Claussen was granted 11,550 restricted stock units on March 31, 2024, which will vest in three annual installments.
- On April 1, 2024, 17,060 shares were withheld by the company to satisfy income tax obligations related to the settlement of restricted stock units.
- Following these transactions, Claussen's directly owned shares of Ryerson Holding Corp common stock totaled 64,790.3365.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
Vested shares from restricted stock units will be delivered to the reporting person not later than 60 days following the vesting dates.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the holdings and transactions of key executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Reporting person was granted 11,550 restricted stock units. |
| 03/31/2022 | Reporting person was granted 11,550 restricted stock units. |
| 03/31/2023 | Reporting person was granted 11,550 restricted stock units. |
| 03/31/2024 | Vesting of performance-based restricted stock units and grant of 11,550 new restricted stock units. |
| 04/01/2024 | 17,060 shares withheld for tax obligations. |
| 04/02/2024 | Date of Form 4 filing. |
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