Steel Dynamics (STLD) SVP disposes shares to cover tax withholding

Rhea-AI Filing Summary

Steel Dynamics Senior Vice President James Stanley Anderson reported share dispositions used to cover taxes on vested stock awards. On February 23–24, he surrendered a total of 2,368 shares of common stock to the issuer in three tax-withholding transactions at prices around $193–$196 per share. These were not open-market sales but shares withheld to satisfy tax liabilities upon vesting of previously granted restricted stock units. After these transactions, he directly owned 104,567 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

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^*

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)
02/23/2026

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	02/23/2026		F		657(1)	D	$193.39	106,278	D
Common Stock	02/23/2026		F		658(1)	D	$193.39	105,620	D
Common Stock	02/24/2026		F		1,053(1)	D	$196.01	104,567	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 disposition to issuer to cover taxes payable upon vesting of previously issued and reported restricted stock units, exempt pursuant to Rule 16b-3.

	/s/ James Stanley Anderson	02/25/2026
	** 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 insider transaction did Steel Dynamics (STLD) report for James Stanley Anderson?

Steel Dynamics reported that Senior Vice President James Stanley Anderson disposed of shares to the company to cover tax liabilities from vested restricted stock units, using previously issued common stock instead of paying cash for the tax obligation.

How many Steel Dynamics (STLD) shares did the SVP dispose of for tax withholding?

James Stanley Anderson disposed of a total of 2,368 Steel Dynamics common shares in three separate tax-withholding transactions, using those shares to satisfy taxes owed when earlier restricted stock unit awards vested.

On what dates did the Steel Dynamics (STLD) tax-withholding share dispositions occur?

The tax-withholding dispositions occurred on February 23 and February 24. On these dates, previously issued common shares were delivered back to Steel Dynamics to pay taxes from the vesting of restricted stock units.

At what prices were the Steel Dynamics (STLD) tax-withholding shares valued?

The tax-withholding share dispositions were valued at approximately $193.39 and $196.01 per share. These prices were used to determine how many Steel Dynamics shares were needed to cover the related tax liabilities.

How many Steel Dynamics (STLD) shares does James Stanley Anderson own after these transactions?

After the reported tax-withholding transactions, James Stanley Anderson directly owns 104,567 shares of Steel Dynamics common stock, reflecting his remaining equity stake following the share dispositions used to pay tax obligations.

Were the Steel Dynamics (STLD) insider transactions open-market sales?

No, these were not open-market sales. The Form 4 describes them as dispositions to the issuer to cover taxes owed upon vesting of previously issued restricted stock units, a common non-cash tax-settlement method.