Olympic Steel (ZEUS) CEO Richard Marabito Receives Award; Withholds Shares

What Happened

• Richard T. Marabito, CEO of Olympic Steel, received a grant/award of 16,048 shares on February 10, 2026 (transaction code A). To satisfy tax withholding (transaction code F), 7,299 of those shares were withheld at $42.78 per share, a withholding value of $312,251. That leaves a net issuance of 8,749 shares to the CEO (16,048 granted − 7,299 withheld).
• The grant line reports a $0.00 acquisition price (typical for RSUs/awards), while the withheld shares were valued at $42.78 each in the Form 4 entry.

Key Details

• Transaction date: 2026-02-10 (filing date: 2026-02-10 — appears timely).
• Grant: 16,048 shares (code A); Withholding/disposition: 7,299 shares at $42.78 (code F) = $312,251.
• Net shares issued to insider: 8,749 (16,048 − 7,299).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes/plan info: None provided in the summary data; no 10b5-1 or late-filing flag noted.

Context

• This appears to be a routine equity award with shares withheld to cover taxes (a common practice for RSUs or stock awards). The withholding is not an open-market sale by the insider and should not be read the same way as a voluntary sale. Purchases or outright open-market buys generally convey stronger positive signals than routine award vesting plus tax withholding.