Director at Steel Dynamics (NASDAQ: STLD) receives 158-share deferred stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BARGABOS SHEREE L reported acquisition or exercise transactions in this Form 4 filing.

STEEL DYNAMICS INC director grant of stock units

Director Sheree L. Bargabos received a grant of 158 shares of STEEL DYNAMICS INC common stock on May 6, 2026. The award was issued as deferred stock units in connection with her director retainer under the company’s 2023 Equity Incentive Plan and carried no cash purchase price.

These deferred stock units are payable solely in common stock when settled, so they are reported as directly owned shares. Following this compensation grant, Bargabos directly holds a total of 26,350 shares of STEEL DYNAMICS INC common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BARGABOS SHEREE L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	158	$0.00	--

Holdings After Transaction: Common Stock — 26,350 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 158 shares Transaction price: $0.00 per share Total holdings after grant: 26,350 shares

3 metrics

Shares granted 158 shares Deferred stock unit grant on May 6, 2026

Transaction price $0.00 per share Equity compensation grant, not open-market purchase

Total holdings after grant 26,350 shares Director Sheree L. Bargabos direct ownership after transaction

Key Terms

deferred stock units, 2023 Equity Incentive Plan, Rule 16b-3(d)(1) and (3), Section 16(b)

4 terms

deferred stock units financial

"Issued as deferred stock units (DSUs) in connection with reporting person's retainer"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

2023 Equity Incentive Plan financial

"under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b)"

Rule 16b-3(d)(1) and (3) regulatory

"exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3)"

Section 16(b) regulatory

"exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3)"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Form 4 Insider Transactions: What Each Field Means →

05/07/2026 - 02:32 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BARGABOS SHEREE L

(Last)

(First)

(Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE

INDIANA

46804

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STEEL DYNAMICS INC [ STLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/06/2026		A		158⁽¹⁾	A	$0	26,350	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3)

	/s/ Theresa E. Wagler by Power of Attorney	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did STEEL DYNAMICS INC (STLD) disclose?

STEEL DYNAMICS INC reported that director Sheree L. Bargabos received 158 shares of common stock as a deferred stock unit grant. The award relates to her director retainer under the company’s 2023 Equity Incentive Plan and involved no open-market share purchase.

How many STEEL DYNAMICS INC (STLD) shares were granted to the director?

The filing shows a grant of 158 shares of STEEL DYNAMICS INC common stock to director Sheree L. Bargabos. These shares arise from deferred stock units tied to her board retainer and will ultimately be settled solely in common stock, not cash.

What is the transaction price for the STEEL DYNAMICS INC (STLD) director grant?

The grant to director Sheree L. Bargabos is recorded at a transaction price of $0.00 per share. This reflects a compensation award under the 2023 Equity Incentive Plan, rather than an open-market purchase where the director would pay cash for the stock.

How many STEEL DYNAMICS INC (STLD) shares does the director hold after this grant?

After receiving the 158-share grant, director Sheree L. Bargabos directly owns 26,350 shares of STEEL DYNAMICS INC common stock. This total includes the newly awarded deferred stock units, which are reportable as directly owned shares because they will be settled only in common stock.

What are deferred stock units (DSUs) in the STEEL DYNAMICS INC (STLD) filing?

Deferred stock units in this filing are equity awards granted in connection with the director’s retainer that will be settled solely in common stock at a future time. Because settlement is only in shares, they are reported as directly owned common stock rather than as derivative securities.

Under which plan was the STEEL DYNAMICS INC (STLD) director grant made?

The 158-share grant to director Sheree L. Bargabos was issued under STEEL DYNAMICS INC’s 2023 Equity Incentive Plan. The footnote explains the award is part of her director retainer and is exempt from Section 16(b) under Rule 16b-3(d)(1) and (3).