Kannan Molly D 4
4 · Ryerson Holding Corp · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Ryerson (RYZ) CAO Molly D. Kannan Receives RSUs; Shares Withheld for Taxes
What Happened
Molly D. Kannan, Chief Accounting Officer & Corporate Controller of Ryerson Holding Corp. (RYZ), had multiple restricted stock units (RSUs) and performance RSUs vest or convert to shares on March 31, 2026. Several derivative conversions (code M) totaling multiple vesting events were recorded and the company withheld 4,691 shares to satisfy tax withholding obligations (code F) at $22.48 per share, equal to $105,454. In addition, Kannan was granted 6,600 new time‑based RSUs on March 31, 2026 (to vest 2,200 per year over three years).
Key Details
- Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (timely filing).
- Vesting / conversions recorded as exercise/conversion of derivatives (M): 2,110; 2,063; 2,275; 5,863 shares (zero price reported because these are RSU/PSU settlements).
- Grant (A): 6,600 restricted stock units granted on March 31, 2026; vesting schedule: 2,200 shares on each of the next three anniversaries.
- Tax withholding (F): 4,691 shares withheld at $22.48/share to cover taxes — total value withheld ≈ $105,454. This is a net share settlement (company withheld shares rather than cash payment).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes clarify these were settlements of time‑based and performance RSUs (grants from 2023–2025) and dividend equivalent rights; vested shares will be delivered no later than 60 days after vesting dates.
Context
- Code meanings: M = exercise/conversion of derivative (here reflecting RSU/PSU vesting and conversion to shares), A = grant/award, F = payment of exercise price or tax withholding (shares withheld to satisfy tax).
- This was not an open‑market purchase or sale for investment — the disposal was a routine withholding of vested shares to cover tax obligations (common "sell-to-cover" or net settlement), not an indication of an open‑market sale.
- No 10% owner or 10b5-1 plan is indicated in the provided details.
Insider Transaction Report
Form 4
Kannan Molly D
CAO & Corporate Controller
Transactions
- Exercise/Conversion
Common Stock (par value $0.01 per share)
[F1]2026-03-31+2,110→ 25,626.464 total - Exercise/Conversion
Common Stock (par value $0.01 per share)
[F1]2026-03-31+2,063→ 27,689.464 total - Exercise/Conversion
Common Stock (par value $0.01 per share)
[F1]2026-03-31+2,275→ 29,964.464 total - Exercise/Conversion
Common Stock (par value $0.01 per share)
[F2]2026-03-31+5,863→ 35,827.464 total - Tax Payment
Common Stock (par value $0.01 per share)
[F12]2026-03-31$22.48/sh−4,691$105,454→ 31,136.464 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5][F6]2026-03-31−2,110→ 0 total→ Common Stock (2,110 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F7][F8]2026-03-31−2,063→ 2,062.959 total→ Common Stock (2,063 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4][F9][F10]2026-03-31−2,275→ 4,550.55 total→ Common Stock (2,275 underlying) - Award
Restricted Stock Units
[F3][F11]2026-03-31+6,600→ 6,600 total→ Common Stock (6,600 underlying)
Footnotes (12)
- [F1]Represents shares received upon the vesting of restricted stock units and shares received upon the vesting of dividend equivalent rights granted in connection with the quarterly dividends declared by Ryerson Holding Corporation (the "Company"). Dividend equivalent rights are subject to the same terms and conditions, including vesting, as the underlying restricted stock units.
- [F10]Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2025. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F11]On March 31, 2026, the reporting person was granted 6,600 restricted stock units, of which 2,200 will vest on the first anniversary of the grant date, 2,200 will vest on the second anniversary of the grant date and 2,200 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F12]Represents shares that have been withheld by the Company to satisfy its income tax and withholding remittance obligations in connection with the net settlement of restricted stock units.
- [F2]Represents shares received or that will be received in respect of performance-based restricted stock units granted on March 31, 2023. Each performance-based restricted stock unit became vested on March 31, 2026, which was the later of (i) the third anniversary of the grant date and (ii) the date the compensation committee certified the achievement of the applicable performance objectives in accordance with the underlying award agreement. The compensation committee certified the achievement of the applicable performance objectives on March 31, 2026. Vested shares will be delivered to the reporting person not later than 60 days following the vesting date.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
- [F4]The restricted stock units reported as disposed herein were settled for shares of common stock of the Company.
- [F5]On March 31, 2023, the reporting person was granted 5,775 restricted stock units, of which 1,925 vested on the first anniversary of the grant date, 1,925 vested on the second anniversary of the grant date and 1,925 vested on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F6]Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2023. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F7]On March 31, 2024, the reporting person was granted 5,775 restricted stock units, of which 1,925 vested on the first anniversary of the grant date and 1,925 vested on the second anniversary of the grant date. All 1,925 of the remaining unvested restricted stock units will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F8]Settlement of dividend equivalent rights in connection with the vesting of underlying restricted stock units that were granted on March 31, 2024. The dividend equivalent rights accrued when and as the Company declared quarterly dividends and vested proportionately with the restricted stock unit to which they related. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
- [F9]On March 31, 2025, the reporting person was granted 6,600 restricted stock units, of which 2,200 vested on the first anniversary of the grant date. Of the remaining unvested restricted stock units, 2,200 will vest on the second anniversary of the grant date and 2,200 will vest on the third anniversary of the grant date. Vested shares will be delivered to the reporting person not later than 60 days following such vesting dates.
Signature
/s/ Camilla Rykke Merrick, attorney-in-fact|2026-04-02