Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 30

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 30
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 amounts shown in this column are the grant date fair values of the stock awards calculated in accordance with Financial Accounting Standards Board Accounting Standard Codification (ASC) Topic 718. The fair value of the stock awards is based on the stock price on the date of the grant. For additional information, including assumptions used in calculating these amounts, see Note 13 to our audited financial statements for the year ended December 31, 2024, included in our Annual Report on Form 10-K for the year ended December 31, 2024. The stock awards in 2024 include 8,246, 5,997 and 3,000 RSU awards for Messrs. Marabito, Greiff and Manson, respectively. The 2024 stock awards also include performance-based stock awards for Messrs. Marabito, Greiff and Manson, respectively, which were granted under the C-suite LTIP. The performance-based stock awards for 2024 are reported in the table above based on the probable outcome as of the grant date, which is equal to 100% of the target level. Assuming maximum performance, the value of such performance-based stock awards would be as follows: Mr. Marabito - $825,012, Mr. Greiff - $600,000, and Mr. Manson - $300,150. The 2024 stock awards include 1,124 phantom units for Ms. Christen under the Phantom Stock Plan. |
| (2) | The amounts for 2024 represent amounts earned by the named executive officers for 2024 under our Senior Manager Cash Incentive Plan as well as cash amounts earned by the named executive officers that were granted under the C-suite LTIP in 2022 and vested in 2024. Amounts under the Senior Manager Cash Incentive Plan for 2024 were $831,296, $622,914, $469,863, and $137,345 for Messrs. Marabito, Greiff and Manson, and Ms. Christen, respectively. Cash awards under the C-suite LTIP were $728,750, $397,500 and $198,750 for Messrs. Marabito, Greiff and Manson, respectively. The amounts for 2023 and 2022 represent amounts earned under our Senior Manager Cash Incentive Plan. Incentives earned in 2024, 2023 and 2022 were paid in their entirety in 2025, 2024 and 2023