Director at Steel Dynamics (STLD) awarded 712 deferred stock units
Rhea-AI Filing Summary
Hamann Jennifer L reported acquisition or exercise transactions in this Form 4 filing.
STEEL DYNAMICS INC director Jennifer L. Hamann received an equity grant of 712 shares of Common Stock, issued as deferred stock units in connection with her director retainer under the company’s 2023 Equity Incentive Plan. The grant was recorded at a price of $0.00 per share as a compensation award, not a market purchase. Following this award, she directly holds 5,286 shares of Common Stock. The deferred stock units vest in four equal installments on 8/31/2026, 11/30/2026, 2/28/2027, and 5/31/2027, and are settled solely in common stock when due.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 712 shares
Net Buy
1 txn
Insider
Hamann Jennifer L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 712 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 5,286 shares (Direct)
Footnotes (1)
- F1. Issued as deferred stock units (DSUs) in connection with reporting person's retainer as a director under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, 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 common stock. See Lincoln National Corp. (March 20, 1992) (Q.3). The DSUs vest as follows: 1/4 on 8/31/2026, 1/4 on 11/30/2026, 1/4 on 2/28/2027 and 1/4 on 5/31/2027.
Key Figures
Equity grant size: 712 shares
Grant price: $0.00 per share
Post-transaction holdings: 5,286 shares
+2 more
5 metrics
Equity grant size
712 shares
Deferred stock units granted to director as Common Stock
Grant price
$0.00 per share
Compensation award, not an open-market purchase
Post-transaction holdings
5,286 shares
Common Stock directly held after the grant
First vesting date
08/31/2026
First 1/4 of DSUs vest
Final vesting date
05/31/2027
Final 1/4 of DSUs vest
Key Terms
deferred stock units (DSUs), 2023 Equity Incentive Plan, Section 16(b), Rule 16b-3(d)(1) and (3)
4 terms
deferred stock units (DSUs) financial
"Issued as deferred stock units (DSUs) in connection with reporting person's retainer as a director"
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.
2023 Equity Incentive Plan financial
"in connection with reporting person's retainer as a director under the Company's 2023 Equity Incentive Plan"
Section 16(b) regulatory
"exempt from Section 16(b) 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) by virtue of Rule 16b-3(d)(1) and (3)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
