Edward J. Lehner, Chief Executive Officer and Director of Ryerson Holding Corp, filed a Form 4 on September 21, 2026, disclosing the acquisition of dividend equivalent rights on three tranches of restricted stock units, with transactions dated September 17, 2026.

Key Highlights

  • Reporting person: Edward J. Lehner, identified in the filing as CEO and Director of Ryerson Holding Corp (NASDAQ:RYZ)
  • Three acquisitions on September 17, 2026: Lehner acquired 99.175, 191.428, and 277.647 restricted stock units, each coded as transaction type "A" (acquired), at a price of $0
  • Nature of units: According to the filing, all acquired units represent dividend equivalent rights that accrued on underlying restricted stock unit awards when dividends were paid on the common shares
  • Post-transaction holdings: Following the reported transactions, Lehner beneficially owns 13,153.122, 25,388.356, and 36,823.36 RSUs across the three grant tranches, all held directly
  • Vesting schedules span 2027 to 2029: The three tranches vest on dates ranging from March 31, 2027 through March 31, 2029, depending on the original grant date

Dividend Equivalent Rights Accrue Across Three RSU Grants for Ryerson Holding CEO

According to the Form 4 filed with the SEC on September 21, 2026, Edward J. Lehner, who serves as both CEO and a Director at Ryerson Holding Corp, reported the acquisition of restricted stock units representing dividend equivalent rights across three separate grant tranches. The filing states that each restricted stock unit "represents a contingent right to receive one share of common stock of Ryerson Holding Corporation." Ryerson Holding Corp is a metals service center company whose shares trade under the ticker RYZ.

The filing explains that the acquired units are not new equity grants but rather dividend equivalent rights that "accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted stock units to which they relate." The first tranche of 99.175 units relates to RSUs originally granted on March 31, 2024, which remain unvested as of the transaction date and are scheduled to vest on March 31, 2027. The second tranche of 191.428 units corresponds to RSUs granted on March 31, 2025, with vesting dates of March 31, 2027 and March 31, 2028.

The third tranche of 277.647 units is connected to RSUs granted on March 31, 2026, with scheduled vesting on March 31, 2027, March 31, 2028, and March 31, 2029, according to the filing. All three tranches were reported at a derivative security price of $0 and are held directly by Lehner. The Form 4 was signed by Camilla Rykke Merrick as attorney-in-fact on September 21, 2026.

What Was Disclosed

The filing reported three acquisitions of restricted stock unit dividend equivalent rights by Ryerson Holding Corp's CEO on September 17, 2026, covering units tied to grants from 2024, 2025, and 2026, with vesting dates extending through March 31, 2029.