Steel Dynamics (STLD) VP granted 3,400 restricted stock units in equity award

Q: What did Steel Dynamics (STLD) executive Chad Bickford report on this Form 4?

Chad Bickford reported receiving an award of 3,400 shares of Steel Dynamics common stock. The grant was made at $0.00 per share as equity compensation under the company’s incentive plan, increasing his direct holdings to 24,191 shares after the transaction.

Q: Is the Steel Dynamics (STLD) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant/award acquisition , not an open-market purchase. Bickford received 3,400 restricted stock units for no cash consideration under the equity incentive plan, categorized under transaction code A for grant, award, or other acquisition.

Q: How many Steel Dynamics (STLD) shares does Chad Bickford own after this Form 4 transaction?

After the reported grant, Chad Bickford directly owns 24,191 shares of Steel Dynamics common stock. This total, shown as “shares owned following transaction,” reflects the addition of 3,400 newly granted restricted stock units to his prior holdings.

Q: How will the Steel Dynamics (STLD) restricted stock units reported on this Form 4 be settled?

Once vested, the restricted stock units will be settled solely in shares of Steel Dynamics common stock. The footnote explains that each vested unit converts into one share, matching the 3,400 underlying shares disclosed in the transaction details.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bickford Chad reported acquisition or exercise transactions in this Form 4 filing.

Steel Dynamics Inc. Vice President Chad Bickford reported receiving an equity award in the form of 3,400 shares of common stock, granted at a price of $0.00 per share as a stock award under the company’s equity incentive plan. Following this grant, his directly held stake increased to 24,191 common shares. According to the footnote, the award is structured as restricted stock units that vest over time, with one-third scheduled to vest on 02/20/2028, one-third on 02/20/2029, and the final third on 02/20/2030, and each vested unit will be settled in one share of Steel Dynamics common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bickford Chad

Role Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,400	$0.00	--

Holdings After Transaction: Common Stock — 24,191 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/24/2026 - 01:51 PM

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^*

Bickford Chad

(Last)

(First)

(Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE

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)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		A		3,400⁽¹⁾	A	$0	24,191	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents grant of restricted stock units equal to the same number of underlying shares, received as an award under the Issuer's equity incentive plan, for no consideration, and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). The restricted units vest over a four year period as follows: 1/3 on 02/20/2028, 1/3 on 02/20/2029 and the final 1/3 on 02/20/2030, following which settlement is to be made solely in the same number of shares of the Issuer's common stock shown in Column 4.

	/s/ Chad Bickford	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Steel Dynamics (STLD) executive Chad Bickford report on this Form 4?

Chad Bickford reported receiving an award of 3,400 shares of Steel Dynamics common stock. The grant was made at $0.00 per share as equity compensation under the company’s incentive plan, increasing his direct holdings to 24,191 shares after the transaction.

Is the Steel Dynamics (STLD) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a grant/award acquisition, not an open-market purchase. Bickford received 3,400 restricted stock units for no cash consideration under the equity incentive plan, categorized under transaction code A for grant, award, or other acquisition.

How do the granted Steel Dynamics (STLD) restricted units vest for Chad Bickford?

The restricted stock units vest in three equal installments over time. One-third vests on 02/20/2028, another third on 02/20/2029, and the final third on 02/20/2030, after which each vested unit converts into one share of common stock.

How many Steel Dynamics (STLD) shares does Chad Bickford own after this Form 4 transaction?

After the reported grant, Chad Bickford directly owns 24,191 shares of Steel Dynamics common stock. This total, shown as “shares owned following transaction,” reflects the addition of 3,400 newly granted restricted stock units to his prior holdings.

Did Chad Bickford pay anything for the Steel Dynamics (STLD) stock received?

No cash payment was made for this award. The Form 4 lists a price of $0.00 per share, indicating the 3,400 restricted stock units were granted as compensation under Steel Dynamics’ equity incentive plan rather than bought on the open market.

How will the Steel Dynamics (STLD) restricted stock units reported on this Form 4 be settled?

Once vested, the restricted stock units will be settled solely in shares of Steel Dynamics common stock. The footnote explains that each vested unit converts into one share, matching the 3,400 underlying shares disclosed in the transaction details.