Lehner Edward J. 4

What Happened

• Edward J. Lehner, CEO and director of Ryerson Holding Corp (RYZ), had multiple restricted stock units / performance-based units vest or convert into common shares on March 31, 2026. The Form 4 lists several “exercise/conversion of derivative (M)” entries totaling 75,586 shares reported as acquired.
• The filing shows payment/withholding to cover tax liabilities of 32,000 shares at $22.48 per share (total value $719,360) (transaction code F). The Form 4 also records a new grant of 36,300 restricted stock units on March 31, 2026 (transaction code A) that vest in three equal annual tranches.
• These actions are award/vesting and net-settlement related (not an open-market purchase). Withholding of shares to satisfy taxes is routine following vesting.

Key Details

• Transaction date: March 31, 2026 (Form filed April 2, 2026 — appears timely).
• Reported conversions/acquisitions (derivative exercises/settlements): entries totaling 75,586 shares (multiple vests/conversions).
• Shares withheld for taxes: 32,000 shares at $22.48 each = $719,360 (transaction code F; company withheld shares to meet tax obligations).
• New grant: 36,300 restricted stock units granted on March 31, 2026; vesting schedule: 12,100 shares on each of years 1, 2 and 3 after grant (see footnote F11).
• Notable footnotes: performance-based RSUs granted March 31, 2023 vested upon certification on March 31, 2026 (F2); dividend-equivalent rights settled with vesting (F1/F6/F8/F10); withheld shares represent net settlement for tax withholding (F12).
• Shares owned after the transactions: not stated in the summary provided here — see the full Form 4 for the reporter’s total ownership balance.

Context

• These entries reflect vesting/settlement of restricted stock units and performance awards and the standard net settlement (share withholding) to cover tax liabilities — common for executive compensation. The withholding (F) is not an open-market sale by the insider but a company action to remit taxes.
• The filing also documents a fresh multi-year RSU grant (36,300 RSUs) that vests over three years, which is a forward-looking compensation award rather than an immediate stock purchase or sale.