Ryerson Holding Corp

This section explains our executive compensation philosophy, objectives and design; our compensation-setting process; our executive compensation program components; and the decisions made in 2024 with respect to the compensation of each of our named executive officers (or NEOs). The Company’s NEOs for 2024 are:

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Edward J. Lehner, President & Chief Executive Officer (“CEO”);

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James J. Claussen, Executive Vice President & Chief Financial Officer (“CFO”);

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Mark S. Silver, Executive Vice President, General Counsel & Chief Human Resources Officer

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John E. Orth, Executive Vice President, Operations; and

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Michael J. Burbach, Former Chief Operating Officer (“COO”).

EXECUTIVE TRANSITION

On July 30, 2024, Mr. Burbach notified the Company of his intention to retire from his position as the COO, effective December 31, 2024. On October 29, 2024, Mr. Burbach entered into a retirement and transition agreement with the Company, pursuant to which the Company (i) subject to board approval, granted him a one-time special grant of 10,000 restricted stock units and performance units pursuant to the Company's Second Amended and Restated Omnibus Incentive Plan on the same time and performance vesting terms and conditions as the equity awards made in March 2024, (ii) at the time of his retirement, waived the continued service requirement for any outstanding stock-based awards and extended the exercisability of his outstanding options until the expiration date, and (iii) provided 26 weeks' of COBRA coverage reimbursement.