James J. Claussen, Executive Vice President and CFO of Ryerson Holding Corp (NYSE:RYZ), filed a Form 4 on September 21, 2026, reporting the acquisition of restricted stock units representing dividend equivalent rights accrued on three separate RSU grants as of September 17, 2026.

Key Highlights

  • Three RSU acquisitions reported: Claussen acquired 31.558, 69.612, and 100.963 restricted stock units on September 17, 2026, each at a price of $0.
  • Dividend equivalent rights: All acquired units represent dividend equivalent rights that accrued on underlying RSU awards when dividends were paid on the common shares underlying those awards.
  • Underlying grants: The three sets of dividend equivalent rights relate to RSU grants originally made on March 31, 2024; March 31, 2025; and March 31, 2026, respectively.
  • Vesting schedules vary: The 2024-grant rights vest on March 31, 2027; the 2025-grant rights vest on March 31, 2027 and March 31, 2028; the 2026-grant rights vest on March 31, 2027, March 31, 2028, and March 31, 2029.
  • Post-transaction holdings: Following the reported transactions, Claussen directly holds 4,185.367; 9,232.316; and 13,390.314 derivative securities, respectively, across the three RSU series.
  • Each RSU equals one share: According to the filing, each restricted stock unit represents a contingent right to receive one share of common stock of Ryerson Holding Corporation.

Ryerson Holding CFO's RSU Dividend Equivalent Accruals Detailed

According to the filing, James J. Claussen, identified as Executive Vice President and CFO of Ryerson Holding Corp, reported three separate derivative security acquisitions under Table II of the Form 4. All three transactions carried a transaction code of "A" (acquired) and occurred on September 17, 2026. Each acquisition was priced at $0, consistent with the nature of dividend equivalent rights, which the filing states accrue when and as dividends are paid on the common shares underlying the applicable restricted stock units.

The filing explains that the first tranche of 31.558 units represents dividend equivalent rights tied to RSUs granted on March 31, 2024, with vesting scheduled for March 31, 2027. The second tranche of 69.612 units corresponds to RSUs granted on March 31, 2025, with vesting on March 31, 2027 and March 31, 2028. The third tranche of 100.963 units relates to RSUs granted on March 31, 2026, with vesting on March 31, 2027, March 31, 2028, and March 31, 2029. All three tranches are unvested as of September 17, 2026, and all ownership is reported as direct.

The filing further notes that dividend equivalent rights vest proportionately with, and are subject to settlement and expiration upon the same terms as, the restricted stock units to which they relate. The Form 4 was signed by Camilla Rykke Merrick as attorney-in-fact on September 21, 2026.

What Was Disclosed

Ryerson Holding Corp's CFO, James J. Claussen, disclosed the accrual of dividend equivalent restricted stock units on three outstanding RSU grants, totaling 202.133 units acquired at $0 on September 17, 2026, with vesting dates extending through March 31, 2029.