Ryerson Boosts Executive Retention with Multi-Year RSU Package for Tech Leader
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryerson Holding Corporation's Chief Information Officer Alagu Sundarrajan received dividend equivalent rights on existing restricted stock units (RSUs) on June 18, 2025. The transactions include:
- 18.601 RSUs from March 2023 grant, vesting March 31, 2026
- 36.384 RSUs from March 2024 grant, vesting in two tranches through March 31, 2027
- 60.19 RSUs from March 2025 grant, vesting in three tranches through March 31, 2028
These dividend equivalent rights accrue when dividends are paid on common shares and vest according to the same schedule as their underlying RSUs. Following these transactions, Sundarrajan beneficially owns 2,058.206 RSUs from the 2023 grant, 4,026.001 RSUs from the 2024 grant, and 6,660.19 RSUs from the 2025 grant, all held directly. The dividend equivalents were granted at $0 cost to the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sundarrajan Alagu
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 18.601 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 36.384 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 60.19 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,058.206 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation (the "Company"). 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. 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. 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. 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.
FAQ
How many Restricted Stock Units (RSUs) did RYI's CIO Alagu Sundarrajan receive in June 2025?
According to the Form 4 filing, Alagu Sundarrajan received three separate dividend equivalent rights on existing RSUs: 18.601 units, 36.384 units, and 60.19 units, totaling 115.175 RSUs. These were granted on June 18, 2025 as dividend equivalent rights on previously awarded RSU grants.
When do RYI CIO Sundarrajan's Restricted Stock Units vest?
The RSUs have different vesting schedules: The March 2023 grant (with 18.601 dividend units) vests on March 31, 2026. The March 2024 grant (with 36.384 dividend units) vests in two tranches on March 31, 2026 and 2027. The March 2025 grant (with 60.19 dividend units) vests in three tranches on March 31, 2026, 2027, and 2028.
What is the total number of RYI Restricted Stock Units owned by Sundarrajan after this transaction?
Following the reported transactions, Alagu Sundarrajan beneficially owns a total of 12,744.397 RSUs, broken down as: 2,058.206 units from the 2023 grant, 4,026.001 units from the 2024 grant, and 6,660.19 units from the 2025 grant.
What was the purchase price of RYI's Restricted Stock Units granted to the CIO?
According to the Form 4, the Restricted Stock Units were granted at $0 cost to Alagu Sundarrajan, as they represent dividend equivalent rights that accrued on previously awarded RSUs when dividends were paid on common shares.