Form 4: Ryerson Holding Corp Executive Vice President James J. Claussen Reports Changes in Beneficial Ownership
SEC Form 4
Executive Vice President & CFO of Ryerson Holding Corp, James J. Claussen, reports transactions involving restricted stock units and common stock, resulting in adjustments to his beneficial ownership.
Summary
- On March 31, 2025, James J. Claussen, Executive Vice President & CFO of Ryerson Holding Corp, reported transactions related to restricted stock units and common stock.
- These transactions include the vesting of restricted stock units granted in 2022, 2023, 2024 and 2025, and the settlement of dividend equivalent rights.
- Claussen acquired shares upon the vesting of these units and dividend rights, and the company withheld shares to satisfy income tax obligations.
- As a result of these transactions, Claussen's direct ownership of common stock increased to 79,256.3365 shares, and he holds 13,200 restricted stock units.
- The reporting person was granted 13,200 restricted stock units, of which 4,400 will vest on the first anniversary of the grant date, 4,400 will vest on the second anniversary of the grant date and 4,400 will vest on the third anniversary of the grant date.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and insider transactions, suggesting a neutral to slightly positive sentiment due to alignment of executive and shareholder interests.
Positives
- The vesting of restricted stock units and dividend equivalent rights indicates that Claussen is meeting the conditions of his compensation package.
- The increase in Claussen's direct ownership of common stock aligns his interests with those of the shareholders.
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
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. This filing is specific to Ryerson Holding Corp and its executive, James J. Claussen.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to align executive interests with long-term shareholder value.
- The vesting schedules and terms described in this document are typical for executive compensation plans in publicly traded companies.
- Companies like Nucor, Steel Dynamics, and Reliance Steel & Aluminum also use similar equity-based compensation strategies for their executives.
Stakeholder Impact
- Shareholders: Transparency regarding executive compensation and alignment of interests.
- Employees: Insight into executive compensation structure.
- Company: Fulfillment of compensation obligations to executives.
Next Steps
- Delivery of vested shares to the reporting person within 60 days of the vesting dates.
- Continued vesting of remaining restricted stock units according to the grant agreements.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Grant date of 11,550 restricted stock units, vesting annually over three years. |
| 03/31/2023 | Grant date of 11,550 restricted stock units, vesting annually over three years. |
| 03/31/2024 | Grant date of 11,550 restricted stock units, vesting annually over three years. |
| 03/31/2025 | Date of reported transactions: vesting of restricted stock units and dividend equivalent rights; grant date of 13,200 restricted stock units, vesting annually over three years. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Ryerson Holding Corp, James J. Claussen, restricted stock units, common stock, beneficial ownership, Form 4, vesting, dividend equivalent rights, executive compensation
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