Lehner Edward J. 4

What Happened

• Edward J. Lehner, CEO and Director of Ryerson Holding Corp (RYZ), exercised stock options on 2026-02-26. He acquired 3,750 shares at $16.50 ($61,875) and 5,000 shares at $16.50 ($82,500), for a total of 8,750 shares purchased for $144,375. The filing also shows the corresponding derivative interests (the options) being disposed/cancelled (3,750 and 5,000) with $0 proceeds, consistent with option exercise (transaction code M). This transaction represents an acquisition (exercise), not a sale.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02)
• Exercise price(s): $16.50 per share
• Shares acquired: 8,750 (3,750 + 5,000); Total cash paid: $144,375
• Derivatives cancelled/disposed: 3,750 and 5,000 option units shown at $0 (reflecting conversion)
• Shares owned after transaction: Not disclosed in the provided transaction summary
• Filing timeliness: Form 4 filed 2026-03-02 (appears timely given the 2-business-day filing requirement)
• Transaction code: M = Exercise or conversion of derivative security
• No 10b5-1 plan, tax withholding, or immediate sale of shares is indicated in the provided data

Context

• Exercising options means the insider paid the strike price to convert options into common shares. The filing does not show an immediate sale of the acquired shares (no sale reported), so this was an acquisition of stock rather than a cashless exercise/sale. Such exercises are commonly done for reasons including compensation realization or long-term holding; the filing itself does not state the insider’s motive.