STOCK TITAN

[Form 4] STEEL DYNAMICS INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Steel Dynamics (STLD) reported a director transaction. On 10/10/2025, the director was credited 16 additional deferred stock units (DSUs) as a dividend equivalent tied to the director retainer under the 2023 Equity Incentive Plan. The entry price is shown as $0 because it reflects dividend reinvestment rather than an open‑market trade.

These DSUs are payable solely in shares of common stock when settled and are reported as directly owned shares. Following the credited units and prior dividend reinvestments, the director’s beneficial ownership stands at 10,779 shares, held directly. The transaction is described as exempt under applicable Section 16 rules due to the plan’s dividend reinvestment feature.

Steel Dynamics (STLD) ha riportato una operazione di un membro del consiglio. Il 10/10/2025, al direttore sono stati accreditati 16 ulteriori unità azionarie differite (DSU) come equivalente di dividendo legato al compenso del direttore secondo il Piano di Incentivo Azionario del 2023. Il prezzo di entrata è mostrato come $0 poiché rappresenta la reinvestimento dei dividendi anziché una operazione di mercato aperto.

Queste DSU sono pagabili esclusivamente in azioni ordinarie al momento della liquidazione e sono riportate come azioni direttamente detenute. Dopo le unità accreditate e i precedenti reinvestimenti dei dividendi, la proprietà beneficiaria del direttore si attesta a 10.779 azioni, detenute direttamente. La transazione è descritta come esente secondo le norme della Sezione 16 applicabili a causa della caratteristica di reinvestimento dei dividendi del piano.

Steel Dynamics (STLD) informó una operación de un director. El 10/10/2025, al director se le acreditaron 16 unidades de stock diferidas (DSU) adicionales, como equivalente de dividendo vinculado al honorario del director bajo el Plan de Incentivo de Acciones de 2023. El precio de entrada se muestra como $0 porque refleja la reinversión de dividendos en lugar de una operación en el mercado abierto.

Estas DSU sólo se pagan en acciones comunes cuando se liquidan y se reportan como acciones poseídas directamente. Tras las unidades acreditadas y las reinversiones de dividendos previas, la propiedad beneficiosa del director asciende a 10,779 acciones, gestionadas directamente. La transacción se describe como exenta bajo las reglas aplicables de la Sección 16 debido a la función de reinversión de dividendos del plan.

Steel Dynamics (STLD) 이사가 거래를 보고했습니다. 2025년 10월 10일, 이사에게 16개의 추가 지연 주식 단위(DSU)가 배당금 등가물로 적립되었으며 이는 2023년 주식 보상 계획에 따른 이사 보수에 연계된 것입니다. 진입가로 $0가 표시되는데, 이는 공개시장의 거래가 아닌 배당금 재투자를 반영하기 때문입니다.

이 DSU는 결제 시 오직 일반주로 지급되며 직접 소유 주식으로 보고됩니다. 적립된 단위와 이전의 배당 재투자 이후 이사의 지배적 소유는 10,779주로 직접 보유합니다. 이 거래는 계획의 배당 재투자 기능으로 인해 해당 16조 규정에 따라 면제로 설명됩니다.

Steel Dynamics (STLD) a déclaré une opération d’un administrateur. Le 10/10/2025, l’administrateur a été crédité de 16 unités d’actions différées (DSU) supplémentaires, équivalent à un dividende lié au rétribué de l’administrateur dans le cadre du Plan d’Incitation à l’Equité 2023. Le prix d’entrée est affiché comme $0 car il reflète la réinvestissement du dividende plutôt qu’un échange sur le marché libre.

Ces DSU ne sont payables qu’en actions ordinaires lors du règlement et sont déclarées comme des actions détenues directement. Après les unités créditées et les réinvestissements de dividendes antérieurs, la propriété bénéficiaire de l’administrateur s’élève à 10 779 actions, détenues directement. L’opération est décrite comme exonérée en vertu des règles pertinentes de la Section 16 en raison de la fonction de réinvestissement des dividendes du plan.

Steel Dynamics (STLD) meldete eine Directors-Transaktion. Am 10.10.2025 wurden dem Director 16 zusätzliche Deferred Stock Units (DSUs) als Dividendenäquivalent im Zusammenhang mit dem Director-Entgelt gemäß dem Equity Incentive Plan 2023 gutgeschrieben. Der Einstiegspreis wird als $0 angezeigt, da er die Dividenden-Reinvestition und nicht einen Handel am offenen Markt widerspiegelt.

Diese DSUs sind bei settlement ausschließlich in Stammaktien zahlbar und werden als unmittelbar gehaltene Aktien gemeldet. Nach den gutgeschriebenen Einheiten und früheren Dividenden-Reinvestitionen beläuft sich das Beneficial Ownership des Directors auf 10.779 Aktien, direkt gehalten. Die Transaktion wird aufgrund der Dividenden-Reinvestitionsfunktion des Plans als gemäß der geltenden Section-16-Regeln als befreit beschrieben.

ستيل ديناميكس (STLD) أبلغت عن صفقة لعضو مجلس الإدارة. في 10/10/2025، تم ائتمان المدير بـ 16 وحدة أسهم مؤجلة إضافية (DSUs) كمكافئ توزيعات مرتبطة ببدل حضور المدير بموجب خطة حوافز الأسهم لعام 2023. سعر الدخول يظهر كـ $0 لأنه يعكس إعادة استثمار الأرباح بدلاً من تجارة في السوق المفتوحة.

هذه الـ DSUs قابلة للدفع حصرياً في أسهم عادية عند التسوية وتُذكر كأسهم مملوكة مباشرة. عقب الوحدات المعتمدة وإعادة استثمار الأرباح السابقة، تبلغ الملكية المفيدة للمدير 10,779 سهماً، مملوكة بشكل مباشر. تُوصف الصفقة بأنها معفاة وفقاً لقواعد القسم 16 المعمول بها بسبب ميزة إعادة الاستثمار في الأرباح بالخطة.

Steel Dynamics (STLD) 报告了一项董事交易。2025/10/10,董事被记入额外的 16 单位延期股票单位(DSU),作为与董事报酬相关的股息等价物,依据 2023 年股票激励计划。入场价格显示为 $0,因为它反映了股息再投资,而不是公开市场交易。

这些 DSU 只有在结算时以普通股支付,且被作为直接持有的股票进行报告。在记入单位及此前的股息再投资之后,董事的受益所有权为 10,779 股,直接持有。此交易被描述为根据适用的第16条规定的豁免,原因是计划的股息再投资特征。

Positive
  • None.
Negative
  • None.

Steel Dynamics (STLD) ha riportato una operazione di un membro del consiglio. Il 10/10/2025, al direttore sono stati accreditati 16 ulteriori unità azionarie differite (DSU) come equivalente di dividendo legato al compenso del direttore secondo il Piano di Incentivo Azionario del 2023. Il prezzo di entrata è mostrato come $0 poiché rappresenta la reinvestimento dei dividendi anziché una operazione di mercato aperto.

Queste DSU sono pagabili esclusivamente in azioni ordinarie al momento della liquidazione e sono riportate come azioni direttamente detenute. Dopo le unità accreditate e i precedenti reinvestimenti dei dividendi, la proprietà beneficiaria del direttore si attesta a 10.779 azioni, detenute direttamente. La transazione è descritta come esente secondo le norme della Sezione 16 applicabili a causa della caratteristica di reinvestimento dei dividendi del piano.

Steel Dynamics (STLD) informó una operación de un director. El 10/10/2025, al director se le acreditaron 16 unidades de stock diferidas (DSU) adicionales, como equivalente de dividendo vinculado al honorario del director bajo el Plan de Incentivo de Acciones de 2023. El precio de entrada se muestra como $0 porque refleja la reinversión de dividendos en lugar de una operación en el mercado abierto.

Estas DSU sólo se pagan en acciones comunes cuando se liquidan y se reportan como acciones poseídas directamente. Tras las unidades acreditadas y las reinversiones de dividendos previas, la propiedad beneficiosa del director asciende a 10,779 acciones, gestionadas directamente. La transacción se describe como exenta bajo las reglas aplicables de la Sección 16 debido a la función de reinversión de dividendos del plan.

Steel Dynamics (STLD) 이사가 거래를 보고했습니다. 2025년 10월 10일, 이사에게 16개의 추가 지연 주식 단위(DSU)가 배당금 등가물로 적립되었으며 이는 2023년 주식 보상 계획에 따른 이사 보수에 연계된 것입니다. 진입가로 $0가 표시되는데, 이는 공개시장의 거래가 아닌 배당금 재투자를 반영하기 때문입니다.

이 DSU는 결제 시 오직 일반주로 지급되며 직접 소유 주식으로 보고됩니다. 적립된 단위와 이전의 배당 재투자 이후 이사의 지배적 소유는 10,779주로 직접 보유합니다. 이 거래는 계획의 배당 재투자 기능으로 인해 해당 16조 규정에 따라 면제로 설명됩니다.

Steel Dynamics (STLD) a déclaré une opération d’un administrateur. Le 10/10/2025, l’administrateur a été crédité de 16 unités d’actions différées (DSU) supplémentaires, équivalent à un dividende lié au rétribué de l’administrateur dans le cadre du Plan d’Incitation à l’Equité 2023. Le prix d’entrée est affiché comme $0 car il reflète la réinvestissement du dividende plutôt qu’un échange sur le marché libre.

Ces DSU ne sont payables qu’en actions ordinaires lors du règlement et sont déclarées comme des actions détenues directement. Après les unités créditées et les réinvestissements de dividendes antérieurs, la propriété bénéficiaire de l’administrateur s’élève à 10 779 actions, détenues directement. L’opération est décrite comme exonérée en vertu des règles pertinentes de la Section 16 en raison de la fonction de réinvestissement des dividendes du plan.

Steel Dynamics (STLD) meldete eine Directors-Transaktion. Am 10.10.2025 wurden dem Director 16 zusätzliche Deferred Stock Units (DSUs) als Dividendenäquivalent im Zusammenhang mit dem Director-Entgelt gemäß dem Equity Incentive Plan 2023 gutgeschrieben. Der Einstiegspreis wird als $0 angezeigt, da er die Dividenden-Reinvestition und nicht einen Handel am offenen Markt widerspiegelt.

Diese DSUs sind bei settlement ausschließlich in Stammaktien zahlbar und werden als unmittelbar gehaltene Aktien gemeldet. Nach den gutgeschriebenen Einheiten und früheren Dividenden-Reinvestitionen beläuft sich das Beneficial Ownership des Directors auf 10.779 Aktien, direkt gehalten. Die Transaktion wird aufgrund der Dividenden-Reinvestitionsfunktion des Plans als gemäß der geltenden Section-16-Regeln als befreit beschrieben.

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).
1. Name and Address of Reporting Person*
Sierra Luis Manuel

(Last) (First) (Middle)
4830 ENCLAVE WAY

(Street)
PARK CITY UT 84098

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025
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 10/10/2025 A 16(1)(2) A $0 10,779(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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).
2. 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).
3. Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.
/s/ Theresa E. Wagler by Power of Attorney 10/14/2025
** 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.

FAQ

What did Steel Dynamics (STLD) disclose in this Form 4?

A director received 16 additional DSUs as a dividend equivalent on 10/10/2025 under the 2023 Equity Incentive Plan.

How many shares does the reporting person beneficially own after this transaction for STLD?

The filing lists 10,779 shares as beneficially owned, held directly.

Was there a cash price paid for the STLD transaction?

The filing shows a price of $0, reflecting a dividend reinvestment credit rather than a market purchase.

How are the DSUs from this STLD filing settled?

The DSUs are payable solely in shares of common stock when they are settled.

Why is the STLD transaction considered exempt?

It is described as exempt due to the plan’s dividend reinvestment feature and Section 16 rules (including Rule 16b-3).

Is this reported as a derivative security for STLD?

It is reported as directly owned shares because the DSUs are payable only in common stock at settlement.
Steel Dynamics Inc

NASDAQ:STLD

STLD Rankings

STLD Latest News

STLD Latest SEC Filings

STLD Stock Data

21.00B
137.58M
6.43%
83.05%
1.54%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States
FORT WAYNE