Company: ZEUS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024377
Chunk: 15

Company: OLYMPIC STEEL INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 15
---
-based award is achieved if return on net assets exceeds ten percent, and is capped at 150% of the grant.
    
   Stock-based compensation expense recognized on RSUs for the three and six months ended  June 30, 2025 and 2024, respectively, is summarized in the following table:

       For the Three Months Ended    For the Six Months Ended  
   June 30,    June 30,  
 (in thousands, except per share data)   2025    2024    2025    2024  
 RS and RSU expense before taxes  $606  $521  $1,152  $1,000 
 RS and RSU expense after taxes  $429  $373  $813  $724 

   All pre-tax charges related to RSs and RSUs were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income.
    
   The following table summarizes the activity related to RSs for the six months ended  June 30, 2025 and 2024, respectively:

       As of June 30, 2025    As of June 30, 2024  
   Number of    Weighted Average    Number of    Weighted Average  
   Shares    Granted Price    Shares    Granted Price  
 Outstanding at December 31   6,702  $65.65   -  $- 
 Granted   21,336   30.93   10,050   65.65 
 Converted into shares   (4,673)  39.23   -   - 
 Outstanding at June 30   23,365  $39.23   10,050  $65.65 
 Vested at June 30   -  $-   -  $- 

   The following table summarizes the activity related to RSUs for the six months ended  June 30, 2025 and 2024, respectively:

       As of June 30, 2025    As of June 30, 2024  
   Number of    Weighted Average    Number of    Weighted Average  
   Shares    Granted Price    Shares    Granted Price  
 Outstanding at