Ryerson Insider Mark S. Silver Credits 168.8 RSUs on 6/18/25

Rhea-AI Filing Summary

Ryerson Holding Corporation (RYI) – Form 4 Insider Filing

Executive Vice President, General Counsel & Chief HR Officer Mark S. Silver reported the automatic acquisition of dividend-equivalent restricted stock units (RSUs) on 18 June 2025. The filing shows three separate RSU accruals tied to previous grants:

• 26.572 RSUs linked to the March 31 2023 grant (vests 31 Mar 2026)
• 51.974 RSUs linked to the March 31 2024 grant (vests 31 Mar 2026 & 31 Mar 2027)
• 90.285 RSUs linked to the March 31 2025 grant (vests 31 Mar 2026-2028)

The total 168.831 RSUs were acquired at $0.00 cost as part of normal dividend-equivalent adjustments; no open-market purchases or sales occurred. Following the transactions, Silver’s derivative holding rose to an aggregate 18,681.431 RSUs across the three grant lots. Ownership is reported as direct.

The activity is routine, reflects alignment with shareholder dividends, and does not alter the company’s share count.

Positive

• Officer’s beneficial ownership increased by 168.831 RSUs, indicating continued equity alignment with shareholders, albeit on a small scale.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine dividend-equivalent RSUs; slightly positive alignment, immaterial to RYI valuation.

This Form 4 shows non-cash, cost-free RSU accruals credited to EVP Mark S. Silver under existing equity grants. The 168.8 additional units (≈ $5-6k in value at a ~$30 share price) marginally increase insider exposure but represent <0.1 % of Ryerson’s 34 m basic shares. Because the units vest over 2026-2028, they have no short-term liquidity impact and signal no market view by the insider. From a governance lens, the filing is routine and expected under the company’s dividend-equivalent policy. Investors should treat the disclosure as neutral; it neither signals buying conviction nor selling pressure.

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

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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^*

Silver Mark S.

(Last) (First) (Middle)

C/O RYERSON HOLDING CORPORATION

227 W. MONROE ST., 27TH FLOOR

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, GC & Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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

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

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

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)	06/18/2025		A		26.572(2)		(3)	(3)	Common Stock	26.572	$0	2,940.151	D
Restricted Stock Units	(1)	06/18/2025		A		51.974(2)		(4)	(4)	Common Stock	51.974	$0	5,750.995	D
Restricted Stock Units	(1)	06/18/2025		A		90.285(2)		(5)	(5)	Common Stock	90.285	$0	9,990.285	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 June 18, 2025. 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 June 18, 2025. 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 June 18, 2025. 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	06/23/2025
	** Signature of Reporting Person	Date
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FAQ

How many RSUs did RYI executive Mark S. Silver receive on 18 June 2025?

He received 168.831 restricted stock units as dividend-equivalent accruals.

Were any Ryerson (RYI) shares sold in this Form 4 filing?

No. No shares were sold; all reported transactions were cost-free RSU accruals.

What is Mark S. Silver’s total RSU holding after the transaction?

Following the filing he directly holds 18,681.431 RSUs across three grant tranches.

When will the newly accrued RSUs vest?

They vest proportionally with their underlying grants on 31 Mar 2026-2028 depending on the tranche.

Does this Form 4 indicate insider confidence in RYI stock?

The accrual was automatic and cost-free; it is routine, not an active investment decision.