Anton Arthur F 4
4 · OLYMPIC STEEL INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Olympic Steel (ZEUS) Director Anton Arthur F Disposes 88,864 Shares
What Happened Anton Arthur F, a director of Olympic Steel, disposed of a total of 88,864 company interests on February 13, 2026: 44,238 shares of Olympic Steel common stock and 44,626 derivative units (RSUs). No per‑share price or cash value is reported on the Form 4 because these dispositions were effected pursuant to the Company’s Merger Agreement—each Company share was converted into the right to receive Parent (Ryerson Holding) common stock at a 1.7105 exchange ratio (rounded down to whole shares) plus cash in lieu of any fractional shares. The RSUs were converted into Parent RSUs under the same ratio and were immediately settled in Parent common stock upon the reporting person’s separation in connection with the merger.
Key Details
- Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (filed within normal two-business-day Form 4 deadline given the Presidents’ Day holiday).
- Reported dispositions: 44,238 shares (company common stock) and 44,626 RSUs (derivative) — total 88,864 company-equivalent interests; prices/total dollar values: N/A on the filing.
- Footnote highlights: (F1) Company shares were converted into Parent common stock at a 1.7105 ratio plus cash for fractional shares; (F2) RSUs were fully vested, converted using the same ratio and immediately settled in Parent common stock upon separation.
- Transaction code: D = Disposition to issuer; one entry is a derivative settlement (RSU).
- Shares owned after the transaction: not specified in the information provided.
Context These were merger-related conversions/settlements rather than open-market sales or discretionary insider trades. The filing shows the disposition was part of the Merger Agreement process (exchange of Company shares/RSUs for Parent shares and cash for fractions), so it reflects the corporate transaction mechanics rather than a trading decision by the director.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-02-13−44,238→ 0 total - Disposition to Issuer
Restricted Share Units
[F2]2026-02-13−44,626→ 0 total→ Common Stock (44,626 underlying)
Footnotes (2)
- [F1]Represents shares of Olympic Steel, Inc. common stock, without par value ("Company common stock"), disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement"), dated as of October 28, 2025, by and among Olympic Steel, Inc. (the "Company"), Ryerson Holding Corporation ("Parent"), and Crimson MS Corp. (including restricted shares that vested in connection with the merger). At the effective time of the merger, each such share of Company common stock was converted into the right to receive a number of shares of common stock, $0.01 par value per share, of Parent ("Parent common stock"), multiplied by 1.7105 (rounded down to the nearest whole share), plus a cash payment (rounded down to the nearest cent) in lieu of any fractional shares as determined pursuant to the Merger Agreement.
- [F2]Each restricted share unit ("RSU") represents the contingent right to receive one share of Company common stock. These RSUs are fully vested and will generally be settled upon the Reporting Person's separation from service. Pursuant to the Merger Agreement, these RSUs were converted into RSUs with respect to Parent common stock by multiplying the number of shares of Company common stock underlying the award by 1.7105 (rounded down to the nearest whole share) and were immediately settled in shares of Parent common stock in connection with the Reporting Person's separation from service, which occurred at the effective time of the merger.