Kannan Molly D 4
Research Summary
AI-generated summary
Ryerson (RYZ) CAO Molly Kannan Receives RSU Awards
What Happened
- Molly D. Kannan, Chief Accounting Officer & Corporate Controller of Ryerson Holding Corp (RYZ), was granted three derivative awards on June 18, 2026 totaling 89.443 restricted stock units (RSUs) / dividend-equivalent rights (13.964, 30.803 and 44.676 units). Each unit represents a contingent right to receive one share of common stock upon vesting. The awards were reported at $0 per share (compensation/derivative awards), i.e., no cash purchase.
Key Details
- Transaction date: June 18, 2026; Form 4 filed June 23, 2026 (filed one business day late).
- Award type/code: A = Grant/Award (derivative RSUs and dividend-equivalent rights).
- Units granted: 13.964; 30.803; 44.676 — total 89.443 RSUs (contingent shares).
- Price: $0.00 per unit (typical for RSU/dividend-equivalent accruals).
- Vesting / footnotes:
- RSU definition: each RSU = right to one common share (F1).
- Dividend equivalent rights accrue and vest with the related RSUs (F2).
- Some of these rights relate to RSUs originally granted 3/31/2024 (vest 3/31/2027) (F3); others relate to RSUs granted 3/31/2025 (vest 3/31/2027 & 3/31/2028) (F4); and others relate to RSUs granted 3/31/2026 (vest 3/31/2027, 3/31/2028 & 3/31/2029) (F5).
- Shares owned after transaction: not specified in the filing.
Context
- These were awards/compensation (not open-market purchases or sales). RSUs and dividend-equivalent credits are common forms of executive compensation and convert to actual shares only if/when they vest under the schedules above.
- The filing was submitted one business day late (transaction 6/18; filed 6/23), which is a reporting timeliness issue but does not necessarily reflect trading intent.