Steel Dynamics director granted 712 stock units
Seaman Bradley S reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Seaman Bradley S reported acquisition or exercise transactions in this Form 4 filing.
Steel Dynamics Inc. director Bradley S. Seaman received an award of 712 shares of common stock-equivalent units as director compensation. The grant was issued as deferred stock units under the company’s 2023 Equity Incentive Plan at no cash cost to him.
The units are payable solely in common stock when settled and are reported as directly owned shares. They vest in four equal installments on 8/31/2026, 11/30/2026, 2/28/2027, and 5/31/2027. Following this award, Seaman directly holds 51,491 shares.
Insider Trade Summary
Grant/Award: 712 shares
Grant/Award
1 txn
Insider
Seaman Bradley S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 712 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 51,491 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 award size: 712 shares
Grant price: $0.0000 per share
Post-transaction holdings: 51,491 shares
+2 more
5 metrics
Equity award size
712 shares
Deferred stock units granted as director retainer
Grant price
$0.0000 per share
Equity compensation, not a market purchase
Post-transaction holdings
51,491 shares
Common stock directly owned after award
First vesting date
8/31/2026
1/4 of DSUs vest
Final vesting date
5/31/2027
Last 1/4 of DSUs vest
Key Terms
deferred stock units, 2023 Equity Incentive Plan, Section 16(b), Rule 16b-3(d)(1) and (3), +1 more
5 terms
deferred stock units financial
"Issued as deferred stock units (DSUs) in connection with reporting person's retainer"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
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
"and 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
"and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3)"
derivative security financial
"rather than as a derivative security in Table II, because any and all underlying DSUs"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Steel Dynamics (STLD) director Bradley Seaman report in this Form 4?
Bradley S. Seaman reported receiving 712 common stock-equivalent deferred stock units as a director retainer. The grant was made under Steel Dynamics’ 2023 Equity Incentive Plan and is treated as directly owned common stock for reporting because it will be settled solely in shares.
Was the Steel Dynamics (STLD) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 712 shares at a price of $0.0000 per share, not a market trade. It reflects equity compensation awarded to director Bradley S. Seaman rather than an open-market buy or sell transaction involving Steel Dynamics common stock.
How and when do Bradley Seaman’s Steel Dynamics (STLD) deferred stock units vest?
The 712 deferred stock units vest in four equal installments. Vesting occurs 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, aligning the award with Seaman’s ongoing service as a director.
What plan governs the Steel Dynamics (STLD) equity grant to director Bradley Seaman?
The equity grant was issued under Steel Dynamics’ 2023 Equity Incentive Plan as deferred stock units. These units are payable solely in common stock upon settlement, so they are reported in the Form 4 as directly owned shares rather than as derivative securities in a separate table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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