Kannan Molly D 4

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.