Form 4: Ryerson Holding Corp Executive Vice President & CFO Reports Acquisition of Dividend Equivalent Rights
SEC Form 4
James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corp, reports the acquisition of dividend equivalent rights related to restricted stock units.
Summary
- On September 19, 2024, James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corporation, 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, and are associated with unvested shares.
- The dividend equivalent rights vest proportionately with the underlying restricted stock units and are subject to the same settlement and expiration terms.
- Claussen acquired 37.404 dividend equivalent rights related to the 2022 grant, 73.284 related to the 2023 grant, and 107.513 related to the 2024 grant.
- Following the reported transactions, Claussen beneficially owns 4,092.95 dividend equivalent rights related to the 2022 grant, 8,019.152 related to the 2023 grant, and 11,764.691 related to the 2024 grant.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard executive compensation transaction. It's neither particularly positive nor negative.
Positives
- The acquisition of dividend equivalent rights suggests continued alignment of executive compensation with shareholder returns.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The acquisition of dividend equivalent rights aligns executive interests with those of shareholders, potentially incentivizing value creation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Grant date of restricted stock units for which dividend equivalent rights accrued. |
| 03/31/2023 | Grant date of restricted stock units for which dividend equivalent rights accrued. |
| 03/31/2024 | Grant date of restricted stock units for which dividend equivalent rights accrued. |
| 09/19/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 09/23/2024 | Date of Form 4 filing. |
| 03/31/2025 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
| 03/31/2026 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
| 03/31/2027 | Vesting date for some of the restricted stock units and associated dividend equivalent rights. |
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