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Ryerson Holding Corp

For the period ended Apr 25, 2024. Filed Mar 12, 2024.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 25, 2024 · Filed Mar 12, 2024

RYZ$27.60+3.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant☒

Filed by a Party other than the Registrant☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

Ryerson Holding Corporation

(Name of Registrant as Specified in Its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials:

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

Ryerson 2024 Proxy Statement

227 W. Monroe St., 27th Floor

Chicago, Illinois 60606

Notice of Annual Stockholders’ Meeting

Thursday, April 25, 2024, 2:00 p.m. Central Time

Virtual Meeting via a live audio-only webcast at www.proxydocs.com/RYI

March 12, 2024

To our Stockholders:

You are cordially invited to the 2024 annual meeting of stockholders of Ryerson Holding Corporation scheduled to be held on Thursday, April 25, 2024, at 2:00 p.m. Central Time via a live audio-only webcast at www.proxydocs.com/RYI. There is no physical location for the 2024 annual meeting. At the meeting, we will consider:

The election of the three directors named in this Proxy Statement;

The ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2024;

The adoption, on a non-binding, advisory basis, of a resolution approving the compensation of our named executive officers described under the heading Executive Compensation in our proxy statement (“say-on-pay” vote);

The adoption of an advisory resolution that a non-binding, advisory vote to approve the compensation of our named executive officers be held EVERY YEAR (“say-when-on-pay” vote); and

Such other business as may properly come before the meeting.

Stockholders who owned shares of our stock at the close of business on March 1, 2024 can vote on these proposals.

Our 2024 annual meeting of stockholders will be a virtual meeting. In order to attend the annual meeting, you must register in advance at www.proxydocs.com/RYI. Upon completing your registration, you will receive further instructions via email, including your unique links that will allow you access to the meeting and will also permit you to submit questions.

Your vote is important regardless of the number of shares of stock you own. Whether you plan to attend or not, please review our proxy materials and request a proxy card to sign, date and return, or submit your voting instructions by telephone or through the Internet. On or about the date of this letter, we began mailing a Notice of Internet Availability of Proxy Materials (the “Notice”). Instructions for each type of voting are included in the Notice that you received and in this proxy statement. If you plan to attend the meeting and prefer to vote at that time, you may do so. If you hold your shares through a broker, bank, or other institution, please be sure to follow the voting instructions that you receive from the holder. The holder will not be able to vote your shares on any of the proposals except the ratification of the appointment of Ernst & Young LLP unless you have provided voting instructions.

Mark S. Silver

Executive Vice President, General Counsel & Chief Human Resources Officer

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THESTOCKHOLDER MEETING TO BE HELD ON APRIL 25, 2024: THIS PROXY STATEMENT AND THEANNUAL REPORT ARE AVAILABLE AT http://www.proxydocs.com/RYI.

RYERSON HOLDING CORPORATION

Table of Contents

RYERSON HOLDING CORPORATION1Compensation Committee Interlocks and Insider Participation30
ANNUAL MEETING INFORMATION2
Who May Vote?2COMPENSATION COMMITTEE REPORT31
Who May Attend the Meeting?2DIRECTOR COMPENSATION32
What Am I Voting On?2EXECUTIVE OFFICERS34
How Do I Vote?3Biographies34
Stockholders of Record3EXECUTIVE COMPENSATION36
Stockholders of Record Can Vote By:3Compensation Discussion and Analysis36
Stock Held in Street Name3Overview36
What If I Do Not Provide Voting Instructions?4Executive Compensation Philosophy36
Can I Revoke or Change My Vote?4Consideration of Results of Advisory Vote on Executive Compensation37
Who Are the Proxies and What Do They Do?4
Is My Vote Confidential?4Determination of Compensation37
What Is the Quorum Requirement for the Annual Meeting?4Use of Peer Groups for Compensation Matters38
How Are Abstentions, Withheld Votes and Broker Non-Votes Treated?5Components of Compensation38
Relationship Among the Different Components of Compensation39
What Vote Is Required to Approve a Proposal?5
Who Solicits Proxies and How Are They Paid?5Base Salary39
How Do You Determine Whether I Get One or More Paper Copies of the Proxy Materials?52023 Base Salaries40
Annual Bonus40
ITEMS YOU MAY VOTE ON72023 Annual Incentive Plan41
1. Election of Directors7Actual Payout under the 2023 AIP42
2. Ratification of the Appointment of Independent Registered Public Accounting Firm8AIP and Discretionary Bonuses42
Long-Term Incentive Plan43
3. Non-Binding, Advisory Vote on the Compensation of Our Named Executive Officers92023 LTIP – Type of Equity Granted and Performance Metrics44
4. Non-Binding, Advisory Vote on the Frequency of the Stockholder Vote on Executive Compensation10Restricted Stock Units44
Performance Units44
5. Such Other Business as May Properly Come Beforethe Annual Meeting10PSU Performance Objectives45
Determining PSUs Earned and Award Range45
BOARD OF DIRECTORS11Nonqualified Stock Options46
Composition of the Board of Directors11NSOs Performance Objectives46
Terms and Classes of Directors11Named Executive Officer 2023 LTIP Awards47
Board Diversity12Retirement Benefits48
Director Skills & Experience13Nonqualified Savings Plan48
Biographies14Supplemental Pension Plan49
Meetings of the Board and Board Committees18Perquisites and Other Benefits49
CORPORATE GOVERNANCE MATTERS19Employment Agreements49
Board Leadership Structure19Compensation Risk Management49
Director Independence19Tax Considerations and Deductibility of Compensation50
BOARD OVERSIGHT OF RISK21Executive Stock Ownership Guidelines50
Enterprise Risk Management21Prohibition on Speculative Stock Transactions50
Committee Roles22Clawback Policy50
Internal Audit22Recommendation50
Governance Guidelines and Committee Charters22COMPENSATION TABLES51
Code of Ethics23Summary Compensation Table51
Board Education23Grants of Plan-Based Awards52
Communications with the Board23Narrative Relating to Summary Compensation Table and Grants of Plan-Based Awards53
BOARD COMMITTEES24
EXECUTIVE COMMITTEE24Employment Agreements53
TRANSACTION COMMITTEE24Outstanding Equity Awards at Fiscal Year-End56
NOMINATING AND CORPORATE GOVERNANCE COMMITTEE242022 Option Exercises and Stock Vested58
Pension Benefits58
Qualifications for Directors25Nonqualified Savings Benefits59
AUDIT COMMITTEE25Potential Payments Upon Termination or Change in Control59
Audit, Audit-related and Other Non-Audit Services27Pay Ratio61
Pre-approval Policies27Pay Versus Performance61
Other Policies27Compensation Actually Paid64
AUDIT COMMITTEE REPORT – FINANCIAL STATEMENTS RECOMMENDATION28Cumulative TSR vs Peer Group TSR:64
STOCK OWNERSHIP66
COMPENSATION COMMITTEE29Directors and Executive Officers66
Committee Resources and Authority30Ownership of More Than 5% of Ryerson Stock67

RYERSON 2024 Proxy Statement| i

RELATED PARTY TRANSACTIONS68Stockholder Nominations for Directors70
Related Party Transactions with RYPS68APPENDIX AA-1
Policies and Procedures Regarding Transactions with Related Persons69Non-GAAP Financial Information for Compensation Discussion and AnalysisA-1
OTHER INFORMATION70Reconciliation of Net income to Adjusted EBITDA,excluding LIFO and Managerial Controllable Free Cash Flow, non-GAAP measuresA-1
Stockholder Proposals and Director Nominations for the 2024 Annual Meeting70

RYERSON 2024 Proxy Statement| ii

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.