Steel Dynamics director granted 109 share units
Steel Dynamics Inc director Bradley S. Seaman acquired 109 shares of common stock on 2026-07-10 through a dividend-equivalent award of deferred stock units tied to his director retainer under the 2023 Equity Incentive Plan and Dividend Reinvestment Plan.
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Form Type
4
Rhea-AI Filing Summary
Steel Dynamics Inc director Bradley S. Seaman acquired 109 shares of common stock on 2026-07-10 through a dividend-equivalent award of deferred stock units tied to his director retainer under the 2023 Equity Incentive Plan and Dividend Reinvestment Plan. No cash was paid; he now holds 51,600 shares directly.
Insider Trade Summary
Grant/Award: 109 shares
Grant/Award
1 txn
Insider
Seaman Bradley S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3 | 109 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 51,600 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: 109.0000 shares
Transaction price: $0.0000 per share
Shares owned after transaction: 51600.0000 shares
+1 more
4 metrics
Shares acquired
109.0000 shares
Grant/award acquisition of common stock on 2026-07-10
Transaction price
$0.0000 per share
Dividend-equivalent deferred stock unit award; no cash consideration
Shares owned after transaction
51600.0000 shares
Total directly owned Steel Dynamics common stock following the award
Transaction date
2026-07-10
Date of dividend-equivalent stock unit grant to director
Key Terms
deferred stock units (DSUs), dividend equivalent, Dividend Reinvestment Plan, Section 16(b), +1 more
5 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.
dividend equivalent financial
"additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
Dividend Reinvestment Plan financial
"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.
Section 16(b) regulatory
"exempt from Section 16(b) independently 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.
Rule 16b-3(d)(1) and (3) regulatory
"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 Bradley S. Seaman?
Director Bradley S. Seaman acquired 109 shares of Steel Dynamics common stock via a dividend-equivalent award of deferred stock units. The award relates to his director retainer under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan, with no cash paid.
What plans generated the dividend-equivalent stock units for STLD director Bradley S. Seaman?
The additional shares arise from dividend-equivalent deferred stock units issued in connection with Seaman’s director retainer under Steel Dynamics’ 2023 Equity Incentive Plan and the company’s existing Dividend Reinvestment Plan, according to the disclosure footnotes.
How are Seaman’s deferred stock units in Steel Dynamics (STLD) settled?
The deferred stock units are reportable as directly owned common stock because, when they are settled, they are payable solely in Steel Dynamics shares. The disclosure specifies that any underlying DSUs will be settled entirely in shares of common stock, not cash.
Are Seaman’s Steel Dynamics (STLD) dividend-equivalent awards subject to Section 16(b) short-swing rules?
The company notes the transaction is exempt from Section 16(b), citing Rule 16b-3(d)(1) and (3) and the dividend reinvestment features of its plans. It is also described as exempt from certain Section 16(a) reporting requirements, though it is voluntarily reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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