Company: ZEUS
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001437749-25-009843
Chunk: 31

Company: OLYMPIC STEEL INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 31
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,000. For 2024, Mr. Marabito earned an incentive of $831,296, Mr. Greiff earned an incentive of $622,914, Mr. Manson earned an incentive of $469,863 and Ms. Christen earned an incentive of $137,345. Cash incentives are further described in “Compensation Discussion and Analysis” above. |
| (2) | As part of our C-suite LTIP, $37,400 of long-term performance-based cash incentives were awarded to Mr. Manson in 2024. No cash incentives were awarded to Messrs. Marabito and Greiff under our C-suite LTIP in 2024. There are no threshold payout amounts under the C-suite LTIP as return on net assets must exceed five percent for any payments to occur. The maximum award is 150% of the grant.                                                                                                                 |
| (3) | As part of our C-suite LTIP, a target of 8,246, 5,997 and 3,000 of PSUs were awarded to Messrs. Marabito, Greiff and Manson, respectively in 2024. There are no threshold payout amounts under the C-suite LTIP as return on net assets over the three-year vesting period must exceed five percent for any payments to occur. The maximum award is 150% of the grant.                                                                                                                                                  |
| (4) | As part of our C-suite LTIP, a target of 8,246, 5,997 and 3,000 long-term service-based restricted stock units were awarded to Messrs. Marabito, Greiff and Manson, respectively in 2024. In addition, the column includes Ms. Christen’s award of 1,124 phantom units under our Phantom Stock Plan.                                                                                                                                                                                                                    |

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Senior Manager Cash Incentive Plan

Our named executive officers, Business Unit Presidents, Vice Presidents, General Managers, certain managers and other employees, as determined by our named executive officers, are eligible to participate in our Senior Manager Cash Incentive Plan, which was amended effective January 1, 2019. As discussed above in Compensation Discussion and Analysis, our Senior Manager Cash Incentive Plan provides for an annual cash incentive payout to participants based on our EBITDA. Annual cash incentive payouts, if any, will be paid to participants following our year-end earnings release for the year in which the amount is earned.

Eligible participants may defer amounts paid pursuant