Steel Dynamics (STLD) SVP receives 4,187-share restricted stock award

Rhea-AI Filing Summary

Anderson James Stanley reported acquisition or exercise transactions in this Form 4 filing.

Steel Dynamics Senior Vice President James Stanley Anderson received an equity award of 4,187 shares of common stock. The award was granted at a price of $0.00 per share as a form of compensation under the company’s equity incentive plan.

The grant consists of restricted stock units that vest over four years, with one-third vesting on 02/20/2028, one-third on 02/20/2029, and the final third on 02/20/2030. After this transaction, Anderson directly holds 106,935 shares of Steel Dynamics common stock.

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^*

Anderson James Stanley

(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)
02/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		A		4,187(1)	A	$0	106,935	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 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/ James Stanley Anderson	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.

FAQ

What did Steel Dynamics (STLD) executive James Stanley Anderson report in this Form 4?

James Stanley Anderson reported receiving 4,187 shares of Steel Dynamics common stock as a restricted stock unit award. The grant was made at $0.00 per share under the company’s equity incentive plan as part of his compensation package.

How many Steel Dynamics (STLD) shares did James Stanley Anderson acquire in this award?

He acquired 4,187 shares in the form of restricted stock units. These units represent the right to receive the same number of Steel Dynamics common shares, subject to the vesting schedule and other conditions outlined in the company’s equity incentive plan.

What is the vesting schedule for James Stanley Anderson’s new Steel Dynamics (STLD) restricted stock units?

The restricted stock units vest over four years: one-third on 02/20/2028, one-third on 02/20/2029, and the remaining one-third on 02/20/2030. Settlement will be made solely in Steel Dynamics common stock upon vesting.

Did James Stanley Anderson pay anything for the Steel Dynamics (STLD) shares granted in this Form 4?

No, the award was granted at $0.00 per share. It represents a compensation grant of restricted stock units under Steel Dynamics’ equity incentive plan, rather than a purchase of shares in the open market or through a cash transaction.

How many Steel Dynamics (STLD) shares does James Stanley Anderson own after this transaction?

Following the award, James Stanley Anderson directly holds 106,935 shares of Steel Dynamics common stock. This total reflects the addition of 4,187 restricted stock units that were granted and reported in the Form 4 filing.

What type of transaction is reported for Steel Dynamics (STLD) executive James Stanley Anderson?

The filing reports a grant or award acquisition of common stock, coded as “A” for acquisition. It is classified as a restricted stock unit grant under the company’s equity incentive plan and is exempt from Section 16(b) under Rule 16b-3(d).