Greiff Andrew S 4
Research Summary
AI-generated summary
Olympic Steel (ZEUS) President Andrew Greiff Receives Award, Withholds Shares
What Happened
- Andrew S. Greiff, President and COO of Olympic Steel (ZEUS), received an award of 8,754 shares on 2026-02-10 (transaction code A). To cover the related tax liability, 3,981 shares were withheld/disposed at $51.14 per share, a value of about $203,588 (transaction code F). After withholding, Greiff retained a net of 4,773 shares from this award.
- This was a compensation-related grant with shares withheld for taxes — not an open-market sale or purchase.
Key Details
- Transaction date: 2026-02-10.
- Award (A): 8,754 shares granted at $0.00 acquisition price (compensation grant).
- Tax withholding/disposition (F): 3,981 shares withheld at $51.14/share, total ≈ $203,588.
- Net shares retained from the award: 4,773 shares.
- Filing appears timely (report and filing dated 2026-02-10). No 10b5-1 plan or other footnotes were reported in this summary.
Context
- The withheld shares were used to satisfy tax obligations related to the grant (a common "sell-to-cover" or share-withholding for taxes); this is an administrative action, not a market sale signaling a change in view.
- The transaction increases Greiff’s beneficial ownership by the net amount retained (4,773 shares), but the filing did not disclose his total holdings after the transaction.