Steel Dynamics (STLD) SVP gets 14,738-share award with tax withholding

Rhea-AI Filing Summary

Steel Dynamics Inc. Senior Vice President James Stanley Anderson reported routine equity compensation activity. He received a grant of 14,738 shares of common stock at no cost under the company’s 2023 Equity Incentive Plan. On the same date, 6,468 shares were withheld by the company to cover tax obligations related to this award, leaving him with 112,837 shares held directly.

Insights

Equity compensation analyst

Routine stock award with tax withholding, no open-market trading.

Senior Vice President James Stanley Anderson received 14,738 shares of Steel Dynamics Inc. common stock as an equity award under the 2023 Equity Incentive Plan approved by the compensation committee and stockholders. The shares were acquired directly from the issuer at no cash cost to him.

On the same date, 6,468 shares were withheld by the company at a price of $182.19 per share to satisfy his withholding tax liability tied to this equity award or vesting. This is a non-market disposition back to the issuer and not an open-market sale.

After these transactions, Anderson directly holds 112,837 shares of common stock. Because the transactions are compensation-related and involve tax withholding rather than discretionary buying or selling, they carry limited signaling value about his view of the stock and appear as standard executive compensation mechanics.

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
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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^*

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)
03/13/2026

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	03/13/2026		A		14,738(1)	A	$0	119,305	D
Common Stock	03/13/2026		F		6,468(2)	D	$182.19	112,837	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. Acquisition from Issuer: Shares awarded under Long-Term Incentive Program adopted by Compensation Committee composed of three or more independent non-employee directors pursuant to the Company's 2023 Equity Incentive Plan approved by Compensation Committee and Stockholders and exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3(d).

2. Disposition to Issuer: Shares withheld by Issuer in payment of reporting person's withholding tax liability in connection with such person's receipt or vesting of an equity security, and either approved in advance by Compensation Committee or mandated by the express terms of the Plan and exempt from Section 16(b) of Exchange Act in accordance with Exchange Act Rule 16b-3(e).

	/s/ James Stanley Anderson	03/13/2026
	** 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).
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FAQ

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

James Stanley Anderson reported receiving 14,738 Steel Dynamics common shares as an equity award and having 6,468 shares withheld by the company to cover tax obligations. After these compensation-related transactions, he directly holds 112,837 Steel Dynamics common shares.

Was the Steel Dynamics (STLD) Form 4 transaction an open-market buy or sell?

The Form 4 does not show any open-market buy or sell. It reports a grant of 14,738 shares under Steel Dynamics’ 2023 Equity Incentive Plan and a 6,468-share withholding by the company to pay taxes, both internal compensation-related events.

How many Steel Dynamics (STLD) shares were granted to the executive?

The executive received a grant of 14,738 shares of Steel Dynamics common stock. These shares were awarded under the company’s 2023 Equity Incentive Plan, approved by the compensation committee and stockholders, with no purchase price paid by the executive for the award itself.

Why were 6,468 Steel Dynamics (STLD) shares disposed of in the Form 4?

The 6,468 shares were withheld by Steel Dynamics to satisfy the executive’s withholding tax liability linked to receiving or vesting in equity. This disposition was to the issuer at a reported price of $182.19 per share, not a discretionary market sale.

How many Steel Dynamics (STLD) shares does the executive hold after these transactions?

Following the reported award and tax withholding, the executive directly holds 112,837 Steel Dynamics common shares. This figure reflects the net position after adding 14,738 granted shares and subtracting 6,468 shares withheld by the company for tax purposes on the same date.

Under what plan were the new Steel Dynamics (STLD) shares granted to the executive?

The 14,738-share grant was made under Steel Dynamics’ 2023 Equity Incentive Plan. The award was approved by a compensation committee of independent non-employee directors and stockholders, and is described as exempt from Section 16(b) under Exchange Act Rule 16b-3(d).