Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 40

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 40
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 — |     |                | 303,604 |     |               | — |     |              | 21,349 |     |           | 684,953 |

| (1) | The amounts shown do not reflect compensation actually received by the non-employee Director. The amounts shown in this column are the grant date fair values for these restricted stock awards calculated in accordance with ASC Topic 718. The fair value is determined on the closing price of our Common Stock on the grant date. One-third of the restricted stock vest on each December 31, 2024, December 31, 2025 and December 31, 2026. The grantee will not be entitled to vote or receive dividends on the restricted stock until they vest. |
| (2) | The non-employee Directors had no option awards outstanding as of December 31, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (3) | Represents amount earned by the director employee under our Senior Manager Cash Incentive Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (4) | Compensation reported in this column for 2024 for Mr. Wolfort includes: (1) the amount of contributions we made to our 401(k) and profit-sharing plan; (2) the premiums we paid for life and disability insurance; and (3) the incremental cost to us of the following perquisites: personal tax return preparation fees, and cell phone and automobile allowances.                                                                                                                                                                                     |

During 2024, each Director who was not one of our employees received a $27,500 quarterly cash retainer and reimbursement for out-of-pocket expenses incurred in connection with attending board meetings. The Audit and Compliance Committee Chair received an additional $6,250 per quarter, the Chair of the Compensation Committee received an additional $5,000 per quarter, the Chair of the Nominating and Governance Committee received an additional $3,750 per quarter and the Lead Director received an additional $8,750 per quarter. Directors who are also our employees receive no additional remuneration for serving as Directors.

Each non-employee Director, within five years of joining the Board, is required to own Common Stock with a value equal to five times the annual cash retainer. Actual shares owned and restricted stock units that vest upon the Director’s retirement from the Board are counted toward the ownership requirement. The Compensation Committee reviews shareholdings on an annual basis to determine whether non-management directors are meeting these requirements. As of December 31, 2024, all non-management directors had met