Steel Dynamics director granted 9 STLD shares
TEETS RICHARD P JR reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
TEETS RICHARD P JR reported acquisition or exercise transactions in this Form 4 filing.
Steel Dynamics director Richard P. Teets Jr received a grant of 9 shares of common stock on April 10, 2026. These shares reflect dividend-equivalent deferred stock units issued under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan.
After this grant, he directly holds 4,980,094 shares of common stock, with additional indirect holdings of 93,119 shares by his spouse and 73,000 shares held by the Teets Family Foundation, over which he has voting and investment power.
Insider Trade Summary
Grant/Award: 9 shares
Grant/Award
3 txns
Insider
TEETS RICHARD P JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,980,094 shares (Direct);
Common Stock — 93,119 shares (Indirect, By spouse);
Common Stock — 73,000 shares (Indirect, By Teets Family Foundation)
Footnotes (4)
- 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.
- F4. Represents securities held by the Teets Family Foundation, a charitable foundation of which the reporting person is a member and director. The reporting person has voting and investment power over all securities owned by the foundation.
Key Figures
Director grant: 9 shares
Direct holdings after transaction: 4,980,094 shares
Spouse indirect holdings: 93,119 shares
+2 more
5 metrics
Director grant
9 shares
Dividend-equivalent DSU grant on April 10, 2026
Direct holdings after transaction
4,980,094 shares
Common stock directly owned by Richard P. Teets Jr
Spouse indirect holdings
93,119 shares
Common stock held indirectly by spouse
Teets Family Foundation holdings
73,000 shares
Common stock held by Teets Family Foundation
Grant price
$0.00 per share
Price for 9-share dividend-equivalent grant
Key Terms
deferred stock units (DSUs), Dividend Reinvestment Plan, 2023 Equity Incentive Plan, Section 16(a), +2 more
6 terms
deferred stock units (DSUs) financial
"underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent"
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
"the 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.
2023 Equity Incentive Plan financial
"in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan"
Section 16(a) regulatory
"exempt from both the reporting requirements of Section 16(a), including Rule 16a-11"
Section 16(b) regulatory
"and the provisions of Section 16(b), by virtue of this dividend reinvestment feature"
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
"being 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 STLD director Richard P. Teets Jr report?
Richard P. Teets Jr reported receiving a grant of 9 shares of Steel Dynamics common stock. The shares arise from dividend-equivalent deferred stock units issued under the 2023 Equity Incentive Plan and Dividend Reinvestment Plan in connection with his director retainer.
What indirect Steel Dynamics (STLD) holdings are associated with Richard P. Teets Jr?
The filing lists 93,119 Steel Dynamics shares held indirectly by his spouse and 73,000 shares held by the Teets Family Foundation. Footnotes state Teets is a member and director of the foundation and has voting and investment power over its securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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