Steel Dynamics director adds 18 common shares
Hamann Jennifer L reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
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 a grant of 18 shares of common stock on July 10, 2026. The award reflects dividend-equivalent deferred stock units credited under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan. Following this grant, she holds 5,304 shares directly.
Insider Trade Summary
Grant/Award: 18 shares
Grant/Award
1 txn
Insider
Hamann Jennifer L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3 | 18 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 5,304 shares (Direct)
Footnotes (3)
- F1. Represents the number of shares of common stock underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent, in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan (the "Plan"). This transaction is exempt from both the reporting requirements of Section 16(a), including Rule 16a-11, and the provisions of Section 16(b), by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan, as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3).
- F2. Reportable 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 shares of common stock. (See Lincoln National Corp. (March 20, 1992) Q.3).
- F3. Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.
Key Figures
Shares acquired: 18 shares
Transaction price per share: 0.0000 per share
Total holdings after transaction: 5,304 shares
3 metrics
Shares acquired
18 shares
Grant/award acquisition of common stock on July 10, 2026
Transaction price per share
0.0000 per share
Recorded price for the 18-share grant/award transaction
Total holdings after transaction
5,304 shares
Director’s direct ownership of Steel Dynamics common stock following the award
Key Terms
deferred stock units (DSUs), Dividend Reinvestment Plan, Section 16(b), Rule 16b-3(d)(1)
4 terms
deferred stock units (DSUs) financial
"underlying additional deferred stock units (DSUs) issued to the reporting"
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.
Dividend Reinvestment Plan financial
"dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Section 16(b) regulatory
"exempt from Section 16(b) independently 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) regulatory
"exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Jennifer L. Hamann report for STLD?
Jennifer L. Hamann reported receiving 18 additional shares of Steel Dynamics common stock on July 10, 2026. The shares represent dividend-equivalent deferred stock units credited under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan, bringing her direct holdings to 5,304 shares.
Was the July 10, 2026 STLD transaction an open-market trade?
No, the July 10, 2026 transaction was not an open-market purchase or sale. It was an award of 18 shares tied to dividend-equivalent deferred stock units under Steel Dynamics’ equity and dividend reinvestment plans, recorded at a transaction price of 0.0000 per share.
Are the deferred stock units in this STLD filing settled in stock or cash?
The deferred stock units referenced are payable solely in shares of common stock when settled. Because settlement is only in stock, the units are reportable as directly owned common shares rather than as derivative securities in a separate table.
Is the reported STLD transaction subject to Section 16(b) short-swing rules?
The company notes that this dividend-equivalent award is exempt from Section 16(b) short-swing profit rules. It is also exempt from certain Section 16(a) reporting provisions due to the dividend reinvestment feature and applicable exemptions under Rule 16b-3(d)(1) and (3).
AI-generated analysis. How Rhea-AI works. Not financial advice.
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