Steel Dynamics director receives 58-share equity award
STEEL DYNAMICS INC director Sheree L. Bargabos received an equity award tied to her board service.
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Form Type
4
Rhea-AI Filing Summary
STEEL DYNAMICS INC director Sheree L. Bargabos received an equity award tied to her board service. On this Form 4, she acquired 58 shares of common stock at no cash cost, representing dividend-equivalent deferred stock units under the company’s 2023 Equity Incentive Plan. After this grant, she directly owns 26,192 shares, including amounts from prior dividend reinvestments.
Insider Trade Summary
Grant/Award: 58 shares
Grant/Award
1 txn
Insider
BARGABOS SHEREE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 58 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 26,192 shares (Direct)
Footnotes (3)
- F1. Represents the number of shares of common stock underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent, in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan (the "Plan"). This transaction is exempt from both the reporting requirements of Section 16(a), including Rule 16a-11, and the provisions of Section 16(b), by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan, as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3).
- F2. Reportable as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in shares of common stock. (See Lincoln National Corp. (March 20, 1992) Q.3).
- F3. Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.
Key Figures
Shares acquired: 58 shares
Price per share: $0.0000 per share
Shares held after: 26,192 shares
3 metrics
Shares acquired
58 shares
Grant of dividend-equivalent DSUs on common stock
Price per share
$0.0000 per share
Reported value for the equity grant
Shares held after
26,192 shares
Total direct common stock ownership after transaction
Key Terms
deferred stock units (DSUs), 2023 Equity Incentive Plan, Dividend Reinvestment Plan, Rule 16b-3(d)(1) and (3)
4 terms
deferred stock units (DSUs) financial
"underlying additional deferred stock units (DSUs) issued to the reporting person"
Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.
2023 Equity Incentive Plan financial
"in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan"
Dividend Reinvestment Plan financial
"by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Rule 16b-3(d)(1) and (3) regulatory
"as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did STEEL DYNAMICS (STLD) report for Sheree L. Bargabos?
STEEL DYNAMICS reported that director Sheree L. Bargabos received 58 shares of common stock as a grant related to dividend-equivalent deferred stock units. The award stems from her director retainer under the company’s 2023 Equity Incentive Plan and involved no open-market purchase or sale.
Was the STEEL DYNAMICS (STLD) Form 4 transaction an open-market buy or sell?
The Form 4 transaction was not an open-market buy or sell. It reflects an acquisition coded as a grant or award, where 58 shares were issued as dividend-equivalent deferred stock units under the 2023 Equity Incentive Plan, with a reported price per share of $0.0000.
What are deferred stock units (DSUs) in the STEEL DYNAMICS (STLD) filing?
Deferred stock units in this filing represent rights tied to shares of common stock issued as part of director compensation. For Sheree L. Bargabos, any underlying DSUs are payable solely in STEEL DYNAMICS common stock and receive additional shares through dividend-equivalent reinvestments under the company’s equity and dividend plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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