Steel Dynamics (STLD) SVP granted 2,350 restricted stock units

Rhea-AI Filing Summary

Poinsatte Richard A reported acquisition or exercise transactions in this Form 4 filing.

Steel Dynamics Inc. senior vice president Richard A. Poinsatte reported an equity award of 2,350 shares of common stock in the form of restricted stock units under the company’s equity incentive plan. The units were granted for no cash consideration and will vest in three equal installments on February 20, 2028, February 20, 2029, and February 20, 2030, after which they are to be settled in an equal number of Steel Dynamics common shares. Following this grant, Poinsatte’s directly held common stock stake increased to 27,586 shares.

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)
02/20/2026

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		2,350(1)	A	$0	27,586	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/ Richard A. Poinsatte	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.
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FAQ

What insider transaction did Steel Dynamics (STLD) report for Richard Poinsatte?

Steel Dynamics senior vice president Richard Poinsatte received a grant of 2,350 restricted stock units. These units represent the same number of underlying common shares and were awarded under the company’s equity incentive plan for no cash consideration as part of his compensation.

How many Steel Dynamics (STLD) shares does Richard Poinsatte hold after this Form 4?

After the reported award, Richard Poinsatte directly holds 27,586 shares of Steel Dynamics common stock. This total reflects the addition of 2,350 restricted stock units that were granted and are scheduled to convert into shares as they vest over time.

What are the vesting terms of Richard Poinsatte’s new Steel Dynamics (STLD) restricted stock units?

The 2,350 restricted stock units vest over four years in three equal tranches. One-third vests on February 20, 2028, another third on February 20, 2029, and the final third on February 20, 2030, with settlement solely in Steel Dynamics common shares.

Did Richard Poinsatte pay cash for the Steel Dynamics (STLD) restricted stock unit grant?

No, Richard Poinsatte did not pay cash for this award. The 2,350 restricted stock units were granted for no consideration under Steel Dynamics’ equity incentive plan, making it a compensation-related equity grant rather than an open-market stock purchase.

Is Richard Poinsatte’s Steel Dynamics (STLD) Form 4 transaction a stock purchase or an equity award?

The transaction is an equity award, not an open-market stock purchase. It is coded as a grant or award acquisition, reflecting 2,350 restricted stock units received under Steel Dynamics’ equity incentive plan instead of shares bought on the market.