Smith William A II 4

What Happened William A. Smith II, SVP, General Counsel and Corporate Secretary of Reliance, Inc. (RS), sold a total of 6,615 shares in open-market transactions on March 9, 2026. The filing shows two disposals: 1,707 shares at $302.59 for $516,521, and 4,908 shares at a reported weighted average price of $297.23 for $1,458,805 — combined proceeds ≈ $1,975,326. These were sales (S), which are commonly routine insider dispositions rather than a purchase signal.

Key Details

• Transaction dates: March 9, 2026 (two separate sales).
• Prices and amounts:
  • 1,707 shares @ $302.59 (proceeds $516,521).
  • 4,908 shares @ reported weighted avg $297.23 (proceeds $1,458,805).
• Total shares sold: 6,615; total proceeds ≈ $1.98 million.
• Shares owned after transaction: not provided in the information you supplied.
• Footnote: the reported weighted average ($297.23) reflects multiple execution prices; actual sale prices ranged from $297.07 to $297.62. The filer offered to provide the per-price breakdown on request.
• Filing/timeliness: Form 4 filed on March 10, 2026 for trades on March 9 — appears timely (Form 4 is generally due within two business days). No 10b5-1 plan or other special instruction was disclosed in the provided details.

Context Sales by executives can reflect many factors (diversification, tax planning, routine selling) and are not by themselves a definitive signal about company prospects. Because this transaction is a sale rather than a purchase, it’s less informative about insider confidence than a buy would be; note the sale was executed in the open market and involved multiple execution prices as indicated by the footnote.