Steel Dynamics (STLD) SVP surrenders 177 shares to cover RSU tax

Rhea-AI Filing Summary

STEEL DYNAMICS INC Senior Vice President Richard A. Poinsatte reported a Form 4 transaction involving company common stock. On this Form 4, 177 shares of common stock were disposed of at a price of $193.39 per share to cover taxes due upon the vesting of previously issued restricted stock units, which is characterized as a tax-withholding disposition to the issuer and is exempt under Rule 16b-3. After this transaction, Poinsatte held 27,409 shares of STEEL DYNAMICS INC common stock directly.

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

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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^*

Poinsatte Richard A

(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)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		F		177(1)	D	$193.39	27,409	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 disposition to issuer to cover taxes payable upon vesting of previously issued and reported restricted stock units, exempt pursuant to Rule 16b-3.

	/s/ Richard A. Poinsatte	02/25/2026
	** 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.
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FAQ

What insider transaction did STLD Senior Vice President Richard Poinsatte report?

Richard Poinsatte reported a disposition of 177 shares of STEEL DYNAMICS INC common stock. The shares were surrendered to the issuer to cover taxes upon vesting of previously reported restricted stock units, rather than being sold in the open market.

Was the STLD insider transaction by Richard Poinsatte an open-market sale?

No, the transaction was a tax-withholding disposition to the issuer, coded "F". The 177 shares were delivered to cover tax liabilities triggered by the vesting of restricted stock units, and it is exempt under Rule 16b-3, not a market sale.

How many STLD shares did Richard Poinsatte dispose of in this Form 4 filing?

Richard Poinsatte disposed of 177 shares of STEEL DYNAMICS INC common stock. The disposition was to satisfy tax obligations related to vesting restricted stock units, at a price of $193.39 per share, rather than reflecting a discretionary selling decision.

How many STEEL DYNAMICS INC shares does Richard Poinsatte hold after the reported transaction?

Following the reported tax-withholding transaction, Richard Poinsatte directly holds 27,409 shares of STEEL DYNAMICS INC common stock. This figure reflects his remaining direct ownership after 177 shares were delivered back to the issuer to cover tax liabilities.

What does transaction code "F" mean in the STLD Form 4 for Richard Poinsatte?

Transaction code "F" indicates shares were disposed to pay an exercise price or tax liability by delivering securities. In this case, 177 STLD shares were surrendered to cover taxes due on vesting restricted stock units, exempt under Rule 16b-3.

Is the Richard Poinsatte Form 4 transaction likely part of STLD executive compensation?

Yes, the transaction relates to the vesting of previously issued restricted stock units. The 177 shares were delivered back to STEEL DYNAMICS INC to cover associated tax liabilities, which is a common mechanism tied to stock-based executive compensation programs.