Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 36

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 36
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210,208 for Mr. Greiff, and $167,750 for Mr. Manson).     |
| (2) | The amounts in this row represent the lump sum payment amount that would be paid to the officer in respect of following personal benefits and perquisites provided to the officer: cell phone allowance and automobile allowance (all), fees for personal tax and financial planning (all) and country club dues (in the cases of Messrs. Siegal, Greiff, and Marabito). |
| (3) | The amounts in this row represent 2.99 times the amounts that we would pay for the continuation of medical, dental, disability and life insurance coverage for Mr. Siegal and 2 times the amounts that we would pay for the continuation of medical, dental, disability and life insurance coverage for Messrs. Marabito, Greiff and Manson.                             |

Under our long-term equity-based incentive program, upon a change in control, each of our named executive officers would also be entitled to receive an accelerated payout for his or her restricted stock unit awards not yet vested made under our Incentive Plan prior to January 1, 2022. The value of such accelerated restricted stock units as of December 31, 2024 would be $514,920 for Mr. Greiff. The same amount would also be accelerated in the event of such executive’s death, disability or retirement at or after age 62.

With respect to awards granted under our C-suite LTIP on or after January 1, 2022, they vest on a “double trigger” basis and therefore will only vest upon a change in control in the event that either (i) a replacement award is not provided or (ii) the executive experiences a qualifying termination of employment in connection with such change in control. The value of the accelerated awards under our C-suite LTIP as of December 31, 2024 would be $1,443,378, $885,673 and $442,935 for Messrs. Marabito, Greiff and Manson, respectively. A pro rata portion of these amounts would be accelerated upon death, disability or retirement at or after age 62.

Finally, a pro rata portion of Ms. Christen’s phantom awards granted in 2024 and 2023 will vest in the event of a change in control or in the event of her death, disability or retirement at or after age 62. The value of the accelerated phantom awards as of December 31, 202