Greiff Andrew S 4

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.