Ryerson CFO granted dividend-equivalent RSUs

Ryerson Holding Corp’s CFO received additional dividend-equivalent restricted stock units tied to prior equity awards that will settle as those awards vest from 2027 through 2029.

Rhea-AI Filing Summary

Ryerson Holding Corp (RYZ) reported that Executive Vice President & CFO James J. Claussen received three grants of restricted stock units on September 17, 2026, all classified as acquisitions. These units are dividend equivalent rights that track prior restricted stock unit awards and convert into common shares as those earlier awards vest between March 31, 2027 and March 31, 2029.

Insider Trade Summary

Grant/Award: 202.133 shares

Grant/Award 3 txns

Insider Claussen James J

Role Executive Vice President & CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3	31.558	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F4	69.612	$0.00	$0.00
Grant/Award	Restricted Stock Units F1, F2, F5	100.963	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 26,807.997 contracts (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 September 17, 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 September 17, 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 September 17, 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.

Key Figures

RSUs granted (2024-related dividend equivalents): 31.5580 units RSUs granted (2025-related dividend equivalents): 69.6120 units RSUs granted (2026-related dividend equivalents): 100.9630 units +2 more

5 metrics

RSUs granted (2024-related dividend equivalents) 31.5580 units Restricted stock units with dividend equivalent rights tied to March 31, 2024 grant; vest March 31, 2027

RSUs granted (2025-related dividend equivalents) 69.6120 units Restricted stock units with dividend equivalent rights tied to March 31, 2025 grant; vest March 31, 2027 and March 31, 2028

RSUs granted (2026-related dividend equivalents) 100.9630 units Restricted stock units with dividend equivalent rights tied to March 31, 2026 grant; vest March 31, 2027, March 31, 2028, and March 31, 2029

Transaction date September 17, 2026 Date of all three restricted stock unit acquisitions

Grant price per RSU $0.00 per unit All three restricted stock unit acquisitions reported at a price per share of 0.0000

Key Terms

Restricted Stock Units, dividend equivalent rights, contingent right, vest

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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"

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

"represents a contingent right to receive one share of common stock"

vest financial

"will vest on March 31, 2027, March 31, 2028, and March 31, 2029"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ryerson Holding Corp (RYZ) disclose for its CFO?

Ryerson Holding Corp disclosed that its Executive Vice President & CFO, James J. Claussen, received three grants of restricted stock units on September 17, 2026, all reported as acquisitions of derivative securities tied to existing equity awards.

How many restricted stock units did the Ryerson (RYZ) CFO receive in each grant?

James J. Claussen received 31.5580, 69.6120, and 100.9630 restricted stock units, each representing a contingent right to receive the same number of Ryerson Holding Corp common shares when the underlying awards vest.

What do the restricted stock units granted to the Ryerson (RYZ) CFO represent?

Each restricted stock unit represents a contingent right to receive one share of Ryerson Holding Corp common stock, settling when the related underlying restricted stock units vest in future years.

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

The reported restricted stock units are dividend equivalent rights that accrue when and as dividends are paid on the common shares underlying earlier restricted stock unit awards, and they vest and settle on the same schedule as those underlying awards.

When will the Ryerson (RYZ) CFO’s new dividend-equivalent RSUs vest?

The dividend equivalent rights tied to grants from March 31, 2024 vest on March 31, 2027; those tied to March 31, 2025 vest on March 31, 2027 and March 31, 2028; those tied to March 31, 2026 vest on March 31, 2027, March 31, 2028, and March 31, 2029.

Were the Ryerson (RYZ) CFO’s restricted stock unit grants made under a Rule 10b5-1 plan?

No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that these restricted stock unit grants were made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 04:41 PM Accepted by SEC EDGAR 09/21/2026 - 04:40 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Claussen James 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	09/17/2026		A		31.558(2)		(3)	(3)	Common Stock	31.558	$0	4,185.367	D
Restricted Stock Units	(1)	09/17/2026		A		69.612(2)		(4)	(4)	Common Stock	69.612	$0	9,232.316	D
Restricted Stock Units	(1)	09/17/2026		A		100.963(2)		(5)	(5)	Common Stock	100.963	$0	13,390.314	D

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 September 17, 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 September 17, 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 September 17, 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-fact	09/21/2026
	** Signature of Reporting Person	Date
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)