MANSON RICHARD A 4
Research Summary
AI-generated summary
Olympic Steel CFO Richard Manson Receives Award, Withholds Shares
What Happened
- Richard A. Manson, CFO of Olympic Steel Inc. (ZEUS), was granted 4,377 shares (code A) on 2026-02-10. To satisfy tax withholding obligations (code F) on the award, 1,990 of those shares were withheld/disposed at $51.14 each, generating about $101,769. Net shares retained from the award were 2,387 (4,377 granted minus 1,990 withheld).
- This transaction is an equity award settlement with routine tax withholding, not an open-market purchase or sale of additional shares.
Key Details
- Transaction date: 2026-02-10
- Award: 4,377 shares granted (reporting code A) at $0.00 per share (award)
- Tax withholding: 1,990 shares disposed (code F) at $51.14 each for total proceeds of $101,769
- Shares owned after transaction: not specified in this filing
- Filing timeliness: report filed the same day (no late filing indicated)
- Notes: Code A = award/grant; Code F = shares withheld to satisfy tax liability
Context
- This is a common, routine insider event: an equity award was settled and some shares were withheld to cover taxes (a cashless/withholding action). Such withholding does not necessarily indicate insider sentiment about the company’s stock price.