Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 578

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 3
Chunk 578
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 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  $21.37   454,939  $19.71   423,941  $19.24 

   Phantom Stock Units 
    
   In  January 2022, the Company adopted the Senior Manager Phantom Stock Plan (Phantom Stock Plan) that operates under the Senior Manager Stock Incentive Plan. Under the Phantom Stock Plan, certain senior managers are eligible to participate in the plan. The Phantom Stock Plan supersedes any previous stock incentive programs offered to the eligible participants. Each year, eligible participants will receive an award of Phantom Stock Units (Phantom Units) of up to $150