Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 17

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 17
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 shares when the individual is no longer a Board member. Includes 558 shares of restricted stock that will vest on December 31, 2025, and 559 shares of restricted stock that will vest on December 31, 2026.                                 |
| (8)  | Includes 30,244 shares issuable pursuant to restricted stock units that will be converted into shares when the individual is no longer a Board member. Includes 558 shares of restricted stock that will vest on December 31, 2025, and 559 shares of restricted stock that will vest on December 31, 2026.                                 |
| (9)  | Includes 7,655 shares issuable pursuant to restricted stock units that will be converted into shares when the individual is no longer a Board member. Includes 558 shares of restricted stock that will vest on December 31, 2025, and 559 shares of restricted stock that will vest on December 31, 2026.                                  |
| (10) | Includes 15,497 shares issuable pursuant to restricted stock units that will be converted into shares when the individual is no longer a Board member. Includes 558 shares of restricted stock that will vest on December 31, 2025, and 559 shares of restricted stock that will vest on December 31, 2026.                                 |
| (11) | Includes 34,953 shares issuable pursuant to restricted stock units that will be converted into shares when the individual retires from the Company.                                                                                                                                                                                         |
| (12) | Number of Shares Beneficially Owned includes 161,001 shares issuable pursuant to restricted stock units that will be converted into shares when the individual is no longer a Board member and 34,953 shares issuable pursuant to restricted stock units that will be converted into shares when the individual retires from Olympic Steel. |

<div align='center'>13

EXECUTIVE COMPENSATION

COMPENSATION DISCUSSION AND ANALYSIS</div>

Introduction

We are a leading metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate and coil products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube bar, valves and fittings, tin plate and metal-intensive end-use products. We provide metals processing and distribution services for a wide range of customers. We operate in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. Our specialty metals flat