Ryerson (NYSE: RYI) CEO awarded new RSU dividend equivalents in Form 4

Rhea-AI Filing Summary

Lehner Edward J. reported acquisition or exercise transactions in this Form 4 filing.

Ryerson Holding Corp CEO Edward J. Lehner reported three compensation-related awards of restricted stock units on March 19, 2026. These awards represent dividend equivalent rights that together cover 707.745 restricted stock units, each linked to one share of Ryerson common stock.

The dividend equivalent rights accrued on unvested restricted stock units originally granted in March 2023, March 2024, and March 2025. According to the terms, these underlying restricted stock units and their related dividend equivalents are scheduled to vest on March 31, 2026, and then on March 31, 2027 and March 31, 2028 for later grants.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lehner Edward J.

(Last) (First) (Middle)

C/O RYERSON HOLDING CORPORATION

227 W. MONROE ST., 27TH FLOOR

(Street)

CHICAGO, ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ryerson Holding Corp [ RYZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/19/2026		A		122.283(2)		(3)	(3)	Common Stock	122.283	$0	13,257.021	D
Restricted Stock Units	(1)	03/19/2026		A		239.189(2)		(4)	(4)	Common Stock	239.189	$0	25,931.179	D
Restricted Stock Units	(1)	03/19/2026		A		346.273(2)		(5)	(5)	Common Stock	346.273	$0	37,540.517	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation (the "Company").

2. Represents dividend equivalent rights that accrued on the underlying award of restricted stock units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate.

3. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2023 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026.

4. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2024 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026 and March 31, 2027.

5. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2025 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026, March 31, 2027 and March 31, 2028.

	/s/ Camilla Rykke Merrick, attorney-in-fact	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Ryerson (RYI) CEO Edward J. Lehner report?

Edward J. Lehner reported three awards of restricted stock units on March 19, 2026. These represent dividend equivalent rights linked to earlier RSU grants, together covering 707.745 units, each tied to one Ryerson common share, as part of his equity-based compensation.

How many restricted stock units were granted to the Ryerson (RYI) CEO?

The CEO received dividend equivalent rights covering 707.745 restricted stock units in total. These were recorded as three separate RSU line items, each representing a contingent right to receive one share of Ryerson common stock when the underlying units vest.

What are the vesting dates for Edward J. Lehner’s Ryerson (RYI) RSU-related awards?

The dividend equivalent rights relate to RSUs that vest on March 31, 2026, March 31, 2027 and March 31, 2028. The 2023 grant vests in 2026, the 2024 grant vests in 2026 and 2027, and the 2025 grant vests across 2026–2028.

Are the Ryerson (RYI) CEO’s recent Form 4 transactions open-market purchases or sales?

The reported Form 4 transactions are not open-market buys or sales. They are coded “A” for grant or award, reflecting dividend equivalent rights on existing restricted stock units, with zero transaction price and an acquire direction as part of equity compensation.

What does each restricted stock unit reported by Ryerson (RYI) represent?

Each restricted stock unit represents a contingent right to receive one Ryerson common share. The dividend equivalent rights accrue when cash dividends are paid on the underlying shares and follow the same vesting, settlement, and expiration terms as the related restricted stock units.