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Ryerson (RYZ) CAO receives dividend-equivalent RSU awards tied to prior grants

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

Rhea-AI Filing Summary

Ryerson Holding Corp chief accounting officer and corporate controller Molly D. Kannan reported awards of additional restricted stock units tied to dividend equivalent rights. On June 18, 2026, she acquired 44.676, 30.803 and 13.964 restricted stock units, each representing a contingent right to receive one share of common stock.

The footnotes explain these are dividend equivalent rights that accrue when cash dividends are paid on earlier restricted stock unit grants from March 31, 2024, March 31, 2025, and March 31, 2026. These unvested restricted stock units and their related dividend equivalents will vest on March 31, 2027, and in tranches on March 31, 2028 and March 31, 2029, aligning with the original grant schedules.

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Insider Kannan Molly D
Role CAO & Corporate Controller
Type Security Shares Price Value
Grant/Award Restricted Stock Units 13.964 $0.00 $0.00
Grant/Award Restricted Stock Units 30.803 $0.00 $0.00
Grant/Award Restricted Stock Units 44.676 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 13,302.952 shares (Direct)
Footnotes (5)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation (the "Company").
  2. F2. 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. F3. 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. F4. 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. F5. 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.
RSUs granted (block 1) 44.676 restricted stock units Award of dividend equivalent rights on June 18, 2026
RSUs granted (block 2) 30.803 restricted stock units Award of dividend equivalent rights on June 18, 2026
RSUs granted (block 3) 13.964 restricted stock units Award of dividend equivalent rights on June 18, 2026
Post-award holding (block 1) 6,644.676 restricted stock units Total RSUs following transaction in first award bucket
Post-award holding (block 2) 4,581.353 restricted stock units Total RSUs following transaction in second award bucket
Post-award holding (block 3) 2,076.923 restricted stock units Total RSUs following transaction in third award bucket
Vesting dates March 31, 2027–2029 Future vesting dates for RSUs and dividend equivalent rights
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
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"
Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What insider activity did Ryerson (RYZ) report for Molly D. Kannan?
Ryerson reported that CAO and corporate controller Molly D. Kannan received additional restricted stock units on June 18, 2026. These units represent dividend equivalent rights accruing on earlier RSU grants and will vest on future dates matching the original award schedules.

Are the Ryerson (RYZ) transactions open-market buys or compensation grants?
The transactions are compensation-related grants, not open-market purchases. They are coded as awards of restricted stock units representing dividend equivalent rights, with no cash price per share, and they vest together with the underlying unvested restricted stock units.

What do the dividend equivalent rights mean for Ryerson (RYZ) RSU holders?
Dividend equivalent rights provide additional restricted stock units when cash dividends are paid on underlying common shares. For Ryerson, these rights accrue on outstanding RSUs and vest, settle, and expire on the same terms and dates as the original restricted stock unit awards.

When will the new Ryerson (RYZ) restricted stock units reported here vest?
The filing states that the unvested restricted stock units and related dividend equivalent rights will vest on March 31, 2027, and, for later grants, in additional tranches on March 31, 2028 and March 31, 2029, consistent with the original RSU grant schedules.

Which prior Ryerson (RYZ) RSU grants generated these dividend equivalent rights?
The dividend equivalent rights accrued on restricted stock units granted on March 31, 2024, March 31, 2025, and March 31, 2026. They were outstanding as of June 18, 2026 and will vest on dates aligned with those respective award schedules.

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Form 4 Insider Transactions: What Each Field Means →
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*
Kannan Molly D
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CAO & Corporate Controller
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)06/18/2026A13.964(2) (3) (3)Common Stock13.964$02,076.923D
Restricted Stock Units(1)06/18/2026A30.803(2) (4) (4)Common Stock30.803$04,581.353D
Restricted Stock Units(1)06/18/2026A44.676(2) (5) (5)Common Stock44.676$06,644.676D
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)

Source: View Original Filing on SEC EDGAR