Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 69

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1C
Chunk 69
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 is 1.5 years as of  December 31, 2024.
    
   Stock-based compensation expense recognized on RSs and RSUs for the years ended  December 31, 2024, 2023 and 2022, respectively, is summarized in the following table:

       For the years ended December 31,  
 (in thousands)   2024    2023    2022  
 RS and RSU expense before taxes of the Plan  $1,998  $1,817  $1,297 
 RS and RSU expense after taxes   1,466   1,314   954 

   All pre-tax charges related to RSUs and PSUs were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income. The total compensation cost of non-vested awards totaled $3.2 million and the weighted average remaining vesting period is 1.7 years as of  December 31, 2024.

     68

   The following table summarizes the activity related to RSUs and PSUs for the year ended  December 31, 2024, 2023 and 2022:

       2024    2023    2022  
   Number of Shares    Weighted Average Estimated Fair Value    Number of Shares    Weighted Average Estimated Fair Value    Number of Shares    Weighted Average Estimated Fair Value  
 Beginning balance   662,103  $20.28   617,518  $18.95   576,867  $18.29 
 Granted   34,486   66.70   49,768   36.63   55,558   25.56 
 Converted into shares   -   -   (2,610)  18.78   (5,841)  18.16 
 Forfeited   (5,348)  17.97   (2,573)  19.65   (9,066)  17.52 
 Outstanding at December 31   691,241  $22.61   662,103  $20.28   617,518  $18.95 
 Vested at December 31   561,061  $