Ryerson (RYI) CEO Lehner exercises RSUs, new grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryerson Holding Corp CEO Edward J. Lehner reported equity compensation activity centered on restricted stock units. On March 31, 2026, he exercised restricted stock units covering 38,736 shares of common stock at a stated price of $0.00 per share, converting them into common shares. He also received a new grant of 36,300 restricted stock units, each representing a contingent right to one Ryerson common share, with vesting in three annual installments as described in the award terms.
The filing shows 32,000 common shares were withheld at $22.48 per share to satisfy income tax and withholding obligations tied to these vestings, a non‑market, tax-related disposition rather than an open‑market sale. After these transactions, Lehner directly owns 645,564.4833 shares of Ryerson common stock, reflecting his ongoing equity stake in the company alongside continuing unvested restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
38,736 shares exercised/converted
Mixed
9 txns
Insider
Lehner Edward J.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,258 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,965 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,513 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 36,300 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 13,258 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 12,965 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 12,513 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 36,850 | $0.00 | -- |
| Tax Withholding | Common Stock (par value $0.01 per share) | 32,000 | $22.48 | $719K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock (par value $0.01 per share) — 615,236.483 shares (Direct)
Footnotes (1)
- Represents shares received upon the vesting of restricted stock units and shares received upon the vesting of dividend equivalent rights granted in connection with the quarterly dividends declared by Ryerson Holding Corporation (the "Company"). Dividend equivalent rights are subject to the same terms and conditions, including vesting, as the underlying restricted stock units. Represents shares received or that will be received in respect of performance-based restricted stock units granted on March 31, 2023. Each performance-based restricted stock unit became vested on March 31, 2026, which was the later of (i) the third anniversary of the grant date and (ii) the date the compensation committee certified the achievement of the applicable performance objectives in accordance with the underlying award agreement. The compensation committee certified the achievement of the applicable performance objectives on March 31, 2026. Vested shares will be delivered to the reporting person not later than 60 days following the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock of the Company. The restricted stock units reported as disposed herein were settled for shares of common stock of the Company. On March 31, 2023, the reporting person was granted 36,300 restricted stock units, of which 12,100 vested on the first anniversary of the grant date, 12,100 vested on the second anniversary of the grant date and 12,100 vested on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2023. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. On March 31, 2024, the reporting person was granted 36,300 restricted stock units, of which 12,100 vested on the first anniversary of the grant date and 12,100 vested on the second anniversary of the grant date. All 12,100 of the remaining unvested restricted stock units will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2024. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. On March 31, 2025, the reporting person was granted 36,300 restricted stock units, of which 12,100 vested on the first anniversary of the grant date. Of the remaining unvested restricted stock units, 12,100 will vest on the second anniversary of the grant date and 12,100 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2025. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. On March 31, 2026, the reporting person was granted 36,300 restricted stock units, of which 12,100 will vest on the first anniversary of the grant date, 12,100 will vest on the second anniversary of the grant date and 12,100 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates. Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations in connection with the net settlement of restricted stock units.
Key Figures
RSU exercises: 38,736 shares
New RSU grant: 36,300 units
Tax withholding shares: 32,000 shares at $22.48
+3 more
6 metrics
RSU exercises
38,736 shares
Shares underlying restricted stock units exercised on March 31, 2026
New RSU grant
36,300 units
Restricted stock units granted on March 31, 2026
Tax withholding shares
32,000 shares at $22.48
Shares withheld to satisfy income tax and withholding obligations
Common shares after transactions
645,564.4833 shares
Direct Ryerson common stock holdings following March 31, 2026 activity
Derivative transactions count
4 transactions
Restricted stock unit-related derivative entries reported in Form 4
Tax-withholding disposition count
1 transaction
Non-derivative F-code transaction for tax withholding
Key Terms
restricted stock units, dividend equivalent rights, performance-based restricted stock units, net settlement, +1 more
5 terms
restricted stock units financial
"On March 31, 2026, the reporting person was granted 36,300 restricted stock units"
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
"Settlement of dividend equivalent rights in connection with the vesting of underlying 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.
performance-based restricted stock units financial
"Represents shares received or that will be received in respect of performance-based restricted stock units granted on March 31, 2023"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
net settlement financial
"Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations in connection with the net settlement of restricted stock units"
tax and withholding remittance obligations financial
"Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations"
FAQ
What insider transactions did Ryerson (RYI) CEO Edward Lehner report?
Edward J. Lehner reported exercising restricted stock units into 38,736 Ryerson common shares and receiving a new grant of 36,300 restricted stock units. The activity reflects routine equity compensation vesting and grants rather than open-market buying or selling of stock.
What new restricted stock unit grant did Ryerson (RYI) report for its CEO?
On March 31, 2026, Edward J. Lehner received a grant of 36,300 restricted stock units, each representing a contingent right to one Ryerson common share. These units vest in three annual installments, with shares delivered within 60 days after each vesting date.
How were Ryerson (RYI) dividend equivalent rights treated in this Form 4?
Dividend equivalent rights accrued alongside restricted stock units as Ryerson declared quarterly dividends. According to the filing, these rights vested proportionately with the related restricted stock units and were settled in shares, delivered to the CEO within 60 days after the applicable vesting dates.