Stovsky Richard P 4
4 · Ryerson Holding Corp · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Ryerson (RYI) Director Richard Stovsky Receives Stock Award
What Happened
- Richard P. Stovsky, a director of Ryerson Holding Corp (RYI), was granted/received a total of 30,591 instruments on 2026-02-13: 17,499 shares of Ryerson common stock and 13,092 restricted stock units (RSUs).
- These shares and RSUs were received in connection with Ryerson’s merger with Olympic Steel and resulted from conversion/exchange of Stovsky’s Olympic Steel common stock, restricted stock awards and restricted stock units under the merger agreement. No cash price per share was reported (price = N/A).
Key Details
- Transaction date: 2026-02-13 (filing date: 2026-02-13) — filing appears timely.
- Instruments received: 17,499 shares (from conversion of Olympic Steel common stock and restricted stock awards) and 13,092 RSUs (converted from Olympic Steel RSUs). Total = 30,591.
- Exchange ratio: Olympic Steel shares converted at 1.7105 Ryerson shares per Olympic Steel share (per the merger agreement).
- Vesting/delivery: The filing notes the RSUs were converted and the restricted stock units have fully vested; vested shares will be delivered upon separation of service (see filing footnotes).
- Shares owned after transaction: not disclosed in the Form 4.
- Footnotes summary: conversions and assumptions of Olympic Steel common stock, restricted stock awards and restricted stock units into Ryerson common shares/RSUs pursuant to the October 28, 2025 merger agreement (see F1–F8 in the filing).
Context
- These are merger-related equity conversions (awards/acquisitions), not open-market purchases or sales; they reflect exchange of pre-existing Olympic Steel equity for Ryerson equity under the merger terms.
- RSUs are contingent rights to receive shares and, per the filing, are treated under the original award terms after conversion; vested RSUs may still be delivered only upon the holder’s separation of service.
- Because no sale or open-market purchase occurred, this transaction is not a direct signal of buying or selling intent in the secondary market—it's a contractual conversion tied to the corporate transaction.
Insider Transaction Report
Form 4
Stovsky Richard P
Director
Transactions
- Award
Common Stock (par value $0.01 per share)
[F1][F2]2026-02-13+17,499→ 17,499 total - Award
Restricted Stock Units
[F3][F5][F6][F4]2026-02-13+5,873→ 5,873 total→ Common Stock (5,873 underlying) - Award
Restricted Stock Units
[F3][F5][F7][F4]2026-02-13+4,435→ 4,435 total→ Common Stock (4,435 underlying) - Award
Restricted Stock Units
[F3][F5][F8][F4]2026-02-13+2,784→ 2,784 total→ Common Stock (2,784 underlying)
Footnotes (8)
- [F1]The Reporting Person received 12,488 shares of the Issuer's common stock in exchange for 7,301 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.
- [F2]The Reporting Person received 5,011 shares of the Issuer's common stock in exchange for restricted stock awards with respect to 2,930 shares of Olympic Steel's common stock, in connection with the Merger pursuant to the terms of the Merger Agreement. Pursuant to the Merger Agreement, at the effective time, the reporting person's Olympic Steel restricted stock awards vested and converted into 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 award prior to the effective time of the Merger by (ii) the Exchange Ratio.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F4]The restricted stock units have fully vested. Vested shares will be delivered to the reporting person upon separation of service.
- [F5]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.
- [F6]The Reporting Person received 5,873 restricted stock units of the Issuer in exchange for restricted stock units with respect to 3,434 shares of Olympic Steel's common stock.
- [F7]The Reporting Person received 4,435 restricted stock units of the Issuer in exchange for restricted stock units with respect to 2,593 shares of Olympic Steel's common stock.
- [F8]The Reporting Person received 2,784 restricted stock units of the Issuer in exchange for restricted stock units with respect to 1,628 shares of Olympic Steel's common stock.
Signature
/s/ Camilla Rykke Merrick, attorney-in-fact|2026-02-13