Greiff Andrew S 4
4 · Ryerson Holding Corp · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Ryerson (RYI) EVP Andrew Greiff Receives 193,678 Shares/RSUs
What Happened
- Andrew S. Greiff, Executive Vice President of Ryerson Holding Corp (RYI), was issued a combination of common shares and restricted stock units (RSUs) on February 13, 2026. The filing shows he received 33,975 shares and five RSU/derivative grants totaling 159,703 RSUs, for a combined 193,678 shares/RSUs.
- The 33,975 shares were issued in exchange for 19,863 shares of Olympic Steel common stock under the merger exchange ratio (1.7105). The RSUs were converted from Olympic Steel RSUs or granted as a one‑time sign‑on award; the reported price for the RSU awards is $0.00 (i.e., no cash purchase price).
- This is not a sale; these are awards/conversions tied to the Merger and related compensation arrangements rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-13. Report filed: 2026-02-13 (timely).
- Share/award breakdown (per the filing): 33,975 shares; RSU grants of 18,085; 26,844; 10,257; 10,263; and a 94,254 RSU sign‑on award. RSU amounts were converted from Olympic Steel awards per the Merger Agreement.
- Prices reported: shares from merger reported as N/A; RSUs reported at $0.00 (derivative awards).
- Vesting/delivery: some converted RSUs are fully vested and deliverable upon separation of service; others have specified vesting dates (vest on Dec 31, 2026 or Dec 31, 2027); the 94,254 sign‑on RSU vests on the third anniversary of the merger closing. (See filing footnotes for each grant’s vesting terms.)
- Exchange Ratio and mechanics: each Olympic Steel share was converted into 1.7105 Ryerson shares; cash was paid in lieu of fractional shares under the Merger Agreement.
- Shares owned after the transactions: not specified in the provided summary of the filing.
Context
- These entries are award/conversion transactions related to the merger with Olympic Steel and to compensation awards (including a sign‑on RSU). RSUs are derivative awards that represent a contingent right to receive common stock upon vesting/delivery; they do not reflect an open‑market purchase or sale.
- For retail investors: awards tied to an M&A transaction and to compensation plans are common and do not by themselves signal buying or selling intent. Check future Form 4s for any subsequent sales, deliveries, or vesting realizations.
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock (par value $0.01 per share)
[F1]2026-02-13+33,975→ 33,975 total - Award
Restricted Stock Units
[F2][F4][F5][F3]2026-02-13+18,085→ 18,085 total→ Common Stock (18,085 underlying) - Award
Restricted Stock Units
[F2][F4][F6][F3]2026-02-13+26,844→ 26,844 total→ Common Stock (26,844 underlying) - Award
Restricted Stock Units
[F2][F4][F8][F7]2026-02-13+10,257→ 10,257 total→ Common Stock (10,257 underlying) - Award
Restricted Stock Units
[F2][F4][F10][F9]2026-02-13+10,263→ 10,263 total→ Common Stock (10,263 underlying) - Award
Restricted Stock Units
[F2][F11]2026-02-13+94,254→ 94,254 total→ Common Stock (94,254 underlying)
Footnotes (11)
- [F1]The Reporting Person received 33,975 shares of the Issuer's common stock in exchange for 19,863 shares of common stock, without par value, of Olympic Steel, Inc. ("Olympic Steel") in connection with the merger between Olympic Steel and the Issuer (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of October 28, 2025 (the "Merger Agreement"), by and among the Issuer, Olympic Steel and Crimson MS Corp. In accordance with the Merger Agreement, each share of Olympic Steel's common stock was cancelled and converted into the right to receive 1.7105 shares (the "Exchange Ratio") of the Issuer's common stock, with cash paid in lieu of fractional shares.
- [F10]The Reporting Person received 10,263 restricted stock units of the Issuer in exchange for restricted stock units with respect to 6,000 shares of Olympic Steel's common stock.
- [F11]The Reporting Person received a one-time sign-on restricted stock unit award in connection with the Merger, which will vest on the third anniversary of the closing date of the Merger. Vested shares will be delivered to the reporting person upon vesting.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F3]The restricted stock units have fully vested. Vested shares will be delivered to the reporting person upon separation of service.
- [F4]Pursuant to the Merger Agreement, at the effective time, the reporting person's Olympic Steel restricted stock units were assumed and converted into restricted stock units with respect to a number of shares of the Issuer's common stock (rounded down to the nearest whole share) determined by multiplying (i) the number of shares of Olympic Steel common stock subject to the Olympic Steel restricted stock unit immediately prior to the effective time of the Merger by (ii) the Exchange Ratio. The converted restricted stock units will otherwise be subject to the same terms and conditions as were applicable to the Olympic Steel restricted stock units prior to the effective time of the Merger.
- [F5]The Reporting Person received 18,085 restricted stock units of the Issuer in exchange for restricted stock units with respect to 10,573 shares of Olympic Steel's common stock.
- [F6]The Reporting Person received 26,844 restricted stock units of the Issuer in exchange for restricted stock units with respect to 15,694 shares of Olympic Steel's common stock.
- [F7]The restricted stock units will vest on December 31, 2026. Vested shares will be delivered to the reporting person within 90 days following the vesting date.
- [F8]The Reporting Person received 10,257 restricted stock units of the Issuer in exchange for restricted stock units with respect 5,997 shares of Olympic Steel's common stock.
- [F9]The restricted stock units will vest on December 31, 2027. Vested shares will be delivered to the reporting person within 90 days following the vesting date.
Signature
/s/ Camilla Rykke Merrick, attorney-in-fact|2026-02-13