STOCK TITAN

Ryerson (RYZ) CEO receives small RSU dividend-equivalent grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ryerson Holding Corp CEO Edward J. Lehner reported routine equity compensation awards tied to existing restricted stock units. On June 18, 2026, he received grants of 245.713, 169.411 and 87.768 restricted stock units, each at a price of $0.00 per unit.

These awards are dividend equivalent rights that accrue when cash dividends are paid on the underlying common shares. They are attached to unvested restricted stock units originally granted on March 31, 2024, March 31, 2025 and March 31, 2026, and will vest on scheduled dates from March 31, 2027 through March 31, 2029.

Each restricted stock unit represents a contingent right to receive one share of Ryerson common stock, so these transactions reflect non-cash, compensation-related acquisitions rather than open-market buying or selling.

Positive

  • None.

Negative

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Insider Lehner Edward J.
Role CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 87.768 $0.00 --
Grant/Award Restricted Stock Units 169.411 $0.00 --
Grant/Award Restricted Stock Units 245.713 $0.00 --
Holdings After Transaction: Restricted Stock Units — 13,053.947 shares (Direct, null)
Footnotes (1)
  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, 2024 and outstanding as of June 18, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on 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, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027 and March 31, 2028. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2026 and outstanding as of June 18, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027, March 31, 2028, and March 31, 2029.
RSU grant 1 245.713 units at $0.00 Restricted stock unit dividend-equivalent grant on June 18, 2026
RSU grant 1 balance 36,545.713 units Restricted stock units following first reported transaction
RSU grant 2 169.411 units at $0.00 Restricted stock unit dividend-equivalent grant on June 18, 2026
RSU grant 2 balance 25,196.928 units Restricted stock units following second reported transaction
RSU grant 3 87.768 units at $0.00 Restricted stock unit dividend-equivalent grant on June 18, 2026
RSU grant 3 balance 13,053.947 units Restricted stock units following third reported transaction
Vesting schedule 2027–2029 Units and related dividend equivalents vest March 31, 2027–2029
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on the underlying award of restricted stock units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
unvested restricted stock units financial
"These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027"
derivative financial
"transaction_type: derivative for the reported restricted stock unit awards"
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/18/2026A87.768(2) (3) (3)Common Stock87.768$013,053.947D
Restricted Stock Units(1)06/18/2026A169.411(2) (4) (4)Common Stock169.411$025,196.928D
Restricted Stock Units(1)06/18/2026A245.713(2) (5) (5)Common Stock245.713$036,545.713D
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, 2024 and outstanding as of June 18, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027.
4. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2025 and outstanding as of June 18, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027 and March 31, 2028.
5. The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2026 and outstanding as of June 18, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2027, March 31, 2028, and March 31, 2029.
/s/ Camilla Rykke Merrick, attorney-in-fact06/23/2026
** Signature of Reporting PersonDate
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 transaction did Ryerson Holding Corp (RYZ) disclose for its CEO?

Ryerson reported that CEO Edward J. Lehner received three grants of restricted stock units as dividend equivalent rights on June 18, 2026. These are non-cash equity awards tied to existing unvested restricted stock units, not open-market share purchases or sales.

How many restricted stock units were granted to the Ryerson (RYZ) CEO in this Form 4?

The CEO received grants of 245.713, 169.411 and 87.768 restricted stock units. Each unit represents a contingent right to one share of common stock, reflecting additional equity-based compensation linked to prior restricted stock unit awards.

What are dividend equivalent rights in the Ryerson (RYZ) CEO’s Form 4 filing?

Dividend equivalent rights are credits that accrue when cash dividends are paid on shares underlying restricted stock units. For Ryerson, these rights mirror the dividends and vest proportionately with, and on the same schedule as, the related unvested restricted stock unit awards.

When will the Ryerson (RYZ) CEO’s new restricted stock units vest?

The dividend equivalent rights relate to unvested restricted stock units granted in 2024, 2025 and 2026. According to the filing, these units and their related dividend rights will vest on March 31, 2027, March 31, 2028 and March 31, 2029, depending on the original grant.

Does the Ryerson (RYZ) CEO’s Form 4 show any stock sales or open-market purchases?

No. The Form 4 only reports acquisitions coded as grants or awards of restricted stock units at a price of $0.00 per unit. These are compensation-related derivative awards, not open-market buying or selling of Ryerson common stock by the CEO.

How do these Ryerson (RYZ) restricted stock unit grants affect the CEO’s holdings?

After the reported transactions, the Form 4 shows updated restricted stock unit balances, such as 36,545.713 units for one award. These changes increase the CEO’s contingent right to receive Ryerson common shares upon future vesting, without immediate cash movement.