Steel Dynamics director awarded 120 stock units
STEEL DYNAMICS INC director Traci M. Dolan acquired 120 shares of common stock-equivalent units as a compensation-related award.
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Form Type
4
Rhea-AI Filing Summary
STEEL DYNAMICS INC director Traci M. Dolan acquired 120 shares of common stock-equivalent units as a compensation-related award. The shares reflect additional deferred stock units issued as dividend equivalents under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan, rather than an open-market purchase.
After this transaction, Dolan directly owns 58,156 shares of common stock, including shares resulting from dividend reinvestment on underlying deferred stock units.
Insider Trade Summary
Grant/Award: 120 shares
Grant/Award
1 txn
Insider
DOLAN TRACI M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 120 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 58,156 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
Deferred stock units granted: 120 shares
Grant price: $0.0000 per share
Direct holdings after transaction: 58,156 shares
3 metrics
Deferred stock units granted
120 shares
Dividend-equivalent DSUs under 2023 Equity Incentive Plan
Grant price
$0.0000 per share
Non-cash award of DSU-based common stock equivalents
Direct holdings after transaction
58,156 shares
Common stock owned directly following DSU dividend-equivalent credit
Key Terms
deferred stock units (DSUs), Dividend Reinvestment Plan, Section 16(b), Rule 16b-3(d), +1 more
5 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
"by virtue of this 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) regulatory
"exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Equity Incentive Plan financial
"under the Company's 2023 Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did STEEL DYNAMICS INC (STLD) director Traci Dolan report on this Form 4?
Director Traci M. Dolan reported acquiring 120 shares of common stock-equivalent units as dividend-equivalent deferred stock units. These were issued under Steel Dynamics’ 2023 Equity Incentive Plan as part of her director retainer, not through an open-market stock purchase.
Are Traci Dolan’s deferred stock units in STLD settled in cash or stock?
They are settled solely in Steel Dynamics common stock. The filing explains the deferred stock units are reportable as directly owned common shares because, when they are eventually settled, payment is made only in shares of common stock, not in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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