Steel Dynamics VP granted stock, shares withheld for taxes

Steel Dynamics Inc Vice President Matthew Lane Bell received a grant of 609 shares of common stock on February 2, 2026, and on the same date 58 shares were withheld at $179.57 per share to cover tax liabilities associated with vesting.

Rhea-AI Filing Summary

Steel Dynamics Inc Vice President Matthew Lane Bell received a grant of 609 shares of common stock on February 2, 2026, and on the same date 58 shares were withheld at $179.57 per share to cover tax liabilities associated with vesting. After these transactions he holds 1,241 shares directly and 17 shares indirectly through a Roth IRA.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Bell Matthew Lane

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	609	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	58	$179.57	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,241 shares (Direct); Common Stock — 17 shares (Indirect, By Roth IRA)

Footnotes (2)

1. F1. Shares awarded pursuant to 2018 Executive Incentive Plan approved by Board of Directors and Stockholders and exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3 thereunder. One-third of shares granted vest on date of grant, one-third vest one year from grant, and final one-third vest two years from grant.
2. F2. Payment of withholding tax liability by issuer's withholding of securities incident to the reporting person's vesting of a security in accordance with Rule 16b-3.

Key Figures

Share grant: 609 shares Tax withholding shares: 58 shares Tax withholding price: $179.57 per share +2 more

5 metrics

Share grant 609 shares Common Stock awarded to Vice President Matthew Lane Bell on February 2, 2026

Tax withholding shares 58 shares Common Stock withheld to satisfy tax liability at $179.57 per share

Tax withholding price $179.57 per share Per-share value used for withholding on February 2, 2026

Direct holdings after transactions 1,241 shares Common Stock held directly by Matthew Lane Bell after reported transactions

Indirect Roth IRA holdings 17 shares Common Stock held indirectly through a Roth IRA after reported transactions

Key Terms

2018 Executive Incentive Plan, Section 16(b), Rule 16b-3, withholding tax liability, +1 more

5 terms

2018 Executive Incentive Plan financial

"Shares awarded pursuant to 2018 Executive Incentive Plan approved by Board of Directors"

Section 16(b) regulatory

"exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-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.

Rule 16b-3 regulatory

"exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3 thereunder"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

withholding tax liability financial

"Payment of withholding tax liability by issuer's withholding of securities"

Roth IRA financial

"nature_of_ownership : By Roth IRA"

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock grant did Steel Dynamics (STLD) VP Matthew Lane Bell report?

Matthew Lane Bell reported a grant of 609 shares of Steel Dynamics common stock on February 2, 2026. This equity award increases his direct ownership and is part of his executive compensation, as described in the company’s incentive plan context.

How many Steel Dynamics (STLD) shares were withheld for taxes in this filing?

The filing shows 58 shares of Steel Dynamics common stock were withheld at $179.57 per share to satisfy withholding tax liability. These shares were retained by the issuer incident to vesting, rather than sold in an open-market transaction.

What are Matthew Lane Bell's post-transaction Steel Dynamics (STLD) share holdings?

After the reported grant and tax withholding, Matthew Lane Bell holds 1,241 shares of Steel Dynamics common stock directly and 17 shares indirectly through a Roth IRA. These balances represent his ownership positions following the February 2, 2026 transactions.

Did Steel Dynamics (STLD) Vice President Matthew Lane Bell sell shares on the market?

No open-market sale is reported. The only disposition is 58 shares withheld by the issuer to cover tax obligations associated with vesting, classified under transaction code F, not a discretionary sale into the public market.

Which plan is referenced for Steel Dynamics (STLD) executive share awards?

The filing references Steel Dynamics’ 2018 Executive Incentive Plan, approved by the board and stockholders. Awards under this plan are described as exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3, providing regulatory relief for these grant transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/03/2026 - 09:17 AM EST Learn about SEC filing dates

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^*

Bell Matthew Lane

(Last) (First) (Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE IN 46804

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		A		609(1)	A	$0	1,299	D
Common Stock	02/02/2026		F		58(2)	D	$179.57	1,241	D
Common Stock								17	I	By Roth IRA

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares awarded pursuant to 2018 Executive Incentive Plan approved by Board of Directors and Stockholders and exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3 thereunder. One-third of shares granted vest on date of grant, one-third vest one year from grant, and final one-third vest two years from grant.

2. Payment of withholding tax liability by issuer's withholding of securities incident to the reporting person's vesting of a security in accordance with Rule 16b-3.

	/s/ Matthew Lane Bell	02/03/2026
	** 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.