Ryerson Holding Corp·4

Mar 23, 5:14 PM ET

Silver Mark S. 4

4 · Ryerson Holding Corp · Filed Mar 23, 2026

Research Summary

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Ryerson (RYZ) EVP Mark S. Silver Receives Restricted Stock Awards

What Happened

  • Mark S. Silver, EVP and Chief Legal and Risk Officer of Ryerson Holding Corp (RYZ), was granted/credited with a total of 176.595 restricted stock units (RSUs) and related dividend equivalent rights on March 19, 2026. The awards are reported as derivative awards (transaction code A) and were recorded at $0.00 per unit (these are compensation awards, not open-market purchases).

Key Details

  • Transaction date: March 19, 2026; Form 4 filed March 23, 2026.
  • Award breakdown (all are RSUs/dividend equivalents):
    • 27.793 RSUs (and accrued dividend equivalents) — $0.00
    • 54.364 RSUs (and accrued dividend equivalents) — $0.00
    • 94.438 RSUs (and accrued dividend equivalents) — $0.00
    • Total: 176.595 RSUs/dividend-equivalent units.
  • Vesting/notes:
    • Each RSU represents a contingent right to one share upon vesting (F1).
    • These units include dividend equivalent rights that accrue and vest with the underlying RSUs (F2).
    • The 27.793 units relate to RSUs granted 3/31/2023 and will vest on 3/31/2026 (F3).
    • The 54.364 units relate to RSUs granted 3/31/2024 and will vest on 3/31/2026 and 3/31/2027 (F4).
    • The 94.438 units relate to RSUs granted 3/31/2025 and will vest on 3/31/2026, 3/31/2027, and 3/31/2028 (F5).
  • Shares owned after transaction: not disclosed in the Form 4 provided.
  • Timeliness: Form 4 filed March 23, 2026 reporting the March 19, 2026 transaction; no late filing flag noted.

Context

  • These entries are compensation awards (RSUs and dividend equivalents), not purchases or sales. RSUs are contingent rights to receive shares if and when they vest; dividend equivalents are credited amounts tied to dividends on the underlying shares and vest on the same schedule. Such awards are routine components of executive compensation and do not by themselves indicate a buy/sell decision in the market.

Insider Transaction Report

Form 4
Period: 2026-03-19
Silver Mark S.
EVP, Chief Legal/Risk Officer
Transactions
  • Award

    Restricted Stock Units

    [F1][F2][F3]
    2026-03-19+27.7933,013.15 total
    Common Stock (27.793 underlying)
  • Award

    Restricted Stock Units

    [F1][F2][F4]
    2026-03-19+54.3645,893.781 total
    Common Stock (54.364 underlying)
  • Award

    Restricted Stock Units

    [F1][F2][F5]
    2026-03-19+94.43810,238.324 total
    Common Stock (94.438 underlying)
Footnotes (5)
  • [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation (the "Company").
  • [F2]Represents dividend equivalent rights that accrued on the underlying award of restricted stock units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate.
  • [F3]The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2023 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026.
  • [F4]The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2024 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026 and March 31, 2027.
  • [F5]The dividend equivalent rights accrued on restricted stock units that were granted on March 31, 2025 and outstanding as of March 19, 2026. These unvested restricted stock units, and the dividend equivalent rights related to such unvested restricted stock units, will vest on March 31, 2026, March 31, 2027 and March 31, 2028.
Signature
/s/ Camilla Rykke Merrick, attorney-in-fact|2026-03-23

Documents

1 file
  • 4
    form4.xmlPrimary

    R04022025