SIEGAL MICHAEL D 4
Research Summary
AI-generated summary
Ryerson (RYI) Director Michael D. Siegal Receives 1.825M Shares
What Happened Michael D. Siegal, a director of Ryerson Holding Corp (RYI), acquired 1,825,226 shares of Ryerson common stock on February 13, 2026. The reporting code is "A" (award/grant/other acquisition); no per-share price or total dollar value is reported for this transaction.
Key Details
- Transaction date: 2026-02-13 (reported on the same date).
- Transaction type: A — acquisition in connection with a merger (not an open-market purchase).
- Shares acquired: 1,825,226 Ryerson common shares.
- Consideration/price: N/A (shares received in exchange for Olympic Steel shares; cash paid in lieu of fractional shares).
- Shares surrendered: 1,067,072 shares of Olympic Steel, exchanged pursuant to the merger.
- Conversion rate: Each Olympic Steel share converted into the right to receive 1.7105 Ryerson shares.
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Reported for the period 2026-02-13; no late-filing flag noted.
Context This was an exchange of Olympic Steel shares for Ryerson shares under the merger agreement — a corporate transaction rather than a discretionary buy or sale by the insider. Cash was paid for any fractional share amounts. Such merger-related stock exchanges reflect corporate restructuring and do not by themselves indicate insider buying or selling sentiment.