Steel Dynamics (STLD) COO Barry Schneider granted 5,841 restricted stock units

Rhea-AI Filing Summary

SCHNEIDER BARRY reported acquisition or exercise transactions in this Form 4 filing.

Steel Dynamics President and COO Barry Schneider reported an equity award of 5,841 shares of common stock in the form of restricted stock units, received for no cash consideration under the company’s equity incentive plan. The units vest in three equal installments on February 20 of 2028, 2029, and 2030, and will be settled in the same number of common shares. Following this grant, Schneider directly holds 235,757 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

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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^*

SCHNEIDER BARRY

(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)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		A		5,841(1)	A	$0	235,757	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 grant of restricted stock units equal to the same number of underlying shares, received as an award under the Issuer's equity incentive plan, for no consideration, and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). The restricted units vest over a four year period as follows: 1/3 on 02/20/2028, 1/3 on 02/20/2029 and the final 1/3 on 02/20/2030, following which settlement is to be made solely in the same number of shares of the Issuer's common stock shown in Column 4.

	/s/ Barry Schneider	02/24/2026
	** 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 Barry Schneider?

Steel Dynamics reported that President and COO Barry Schneider received an award of 5,841 restricted stock units. These units represent the same number of underlying common shares and were granted under the company’s equity incentive plan for no cash consideration.

How many Steel Dynamics (STLD) shares does Barry Schneider hold after this Form 4?

After the reported grant, Barry Schneider directly holds 235,757 shares of Steel Dynamics common stock. This total reflects his updated direct ownership position following the award of 5,841 restricted stock units reported in the Form 4 filing.

How do the restricted stock units granted to Barry Schneider at Steel Dynamics (STLD) vest?

The 5,841 restricted stock units vest over four years in three equal installments. One-third vests on February 20, 2028, another third on February 20, 2029, and the final third on February 20, 2030, after which they settle in common shares.

Did Barry Schneider pay cash for his Steel Dynamics (STLD) restricted stock unit award?

No, Barry Schneider received the 5,841 restricted stock units for no cash consideration. The award was granted under Steel Dynamics’ equity incentive plan and is described as exempt from Section 16(b) under Rule 16b-3(d)(1) and (3).

What type of security was involved in Barry Schneider’s Steel Dynamics (STLD) Form 4 filing?

The filing involves Steel Dynamics common stock delivered through restricted stock units. Each restricted stock unit corresponds to one underlying share of common stock, which will be issued upon vesting and settlement on the specified future vesting dates.

What does the transaction code “A” mean in the Steel Dynamics (STLD) Form 4 for Barry Schneider?

The transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it reflects Barry Schneider’s acquisition of 5,841 restricted stock units as an equity award rather than an open-market purchase of Steel Dynamics shares.