Ryerson (NYSE: RYI) CAO reports RSU vesting, new 6,600-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryerson Holding Corp chief accounting officer and corporate controller Molly D. Kannan reported routine equity compensation activity. On March 31, 2026 she converted restricted stock units into 6,448 shares of common stock, including vested dividend equivalent rights, and received a new grant of 6,600 restricted stock units. To cover income-tax obligations from these vestings, 4,691 shares of common stock were withheld at $22.48 per share, a non-market tax settlement rather than an open-market sale. Following these transactions she directly owns about 31,136 shares of common stock, and continues to hold unvested restricted stock units from prior and current grants that will vest over the next three annual anniversaries, subject to their award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,448 shares exercised/converted
Mixed
9 txns
Insider
Kannan Molly D
Role
CAO & Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,110 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,063 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,275 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 6,600 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 2,110 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 2,063 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 2,275 | $0.00 | -- |
| Exercise | Common Stock (par value $0.01 per share) | 5,863 | $0.00 | -- |
| Tax Withholding | Common Stock (par value $0.01 per share) | 4,691 | $22.48 | $105K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock (par value $0.01 per share) — 25,626.464 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 5,775 restricted stock units, of which 1,925 vested on the first anniversary of the grant date, 1,925 vested on the second anniversary of the grant date and 1,925 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 5,775 restricted stock units, of which 1,925 vested on the first anniversary of the grant date and 1,925 vested on the second anniversary of the grant date. All 1,925 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 6,600 restricted stock units, of which 2,200 vested on the first anniversary of the grant date. Of the remaining unvested restricted stock units, 2,200 will vest on the second anniversary of the grant date and 2,200 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 6,600 restricted stock units, of which 2,200 will vest on the first anniversary of the grant date, 2,200 will vest on the second anniversary of the grant date and 2,200 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 vesting into shares: 6,448 shares
New RSU grant: 6,600 restricted stock units
Shares withheld for taxes: 4,691 shares at $22.48
+3 more
6 metrics
RSU vesting into shares
6,448 shares
Common stock received on March 31, 2026 from RSU vesting and dividend equivalents
New RSU grant
6,600 restricted stock units
Grant on March 31, 2026, vesting in three annual installments
Shares withheld for taxes
4,691 shares at $22.48
Tax-withholding disposition on March 31, 2026 for RSU net settlement
Common shares owned after
31,136.4636 shares
Direct common stock ownership following March 31, 2026 transactions
RSU exercises
6,448 units
Total derivative exercises (M code) per transaction summary
Tax-withholding count
1 transaction, 4,691 shares
F-code non-derivative disposition for tax obligations
Key Terms
Restricted Stock Units, dividend equivalent rights, performance-based restricted stock units, net settlement, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock of the Company."
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 that were granted on March 31, 2023."
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 in connection with the net settlement of restricted stock units."
FAQ
What did Ryerson (RYI) executive Molly D. Kannan report in this Form 4?
Molly D. Kannan reported routine equity compensation activity. She converted restricted stock units into common shares, received a new restricted stock unit grant, and had shares withheld to cover taxes, without any open-market purchases or sales disclosed in the filing.
What new restricted stock unit grant did Molly D. Kannan receive from Ryerson (RYI)?
On March 31, 2026 she was granted 6,600 restricted stock units, each representing a right to receive one Ryerson common share. These units vest in three equal annual installments, subject to the vesting conditions described in the award documentation and related footnotes.
What performance-based RSUs are mentioned for Ryerson (RYI) in this Form 4?
The footnotes describe performance-based restricted stock units granted on March 31, 2023. These units vested on March 31, 2026 after the compensation committee certified achievement of performance objectives, and the resulting vested shares will be delivered within 60 days of the vesting date.
How will Molly D. Kannan’s future Ryerson (RYI) RSU vesting occur according to the filing?
The filing states that prior RSU grants from 2023, 2024 and 2025 vest in annual tranches on each grant’s anniversaries. The 2026 grant of 6,600 RSUs will vest in three equal 2,200-unit installments on the first, second and third anniversaries of the March 31, 2026 grant date.