Steel Dynamics (STLD) SVP Christopher Graham awarded 1,100 shares, 161 withheld for taxes

Rhea-AI Filing Summary

Steel Dynamics Senior Vice President Christopher A. Graham reported equity compensation activity in company stock. On February 2, 2026, he was awarded 1,100 shares of common stock at $0 pursuant to the 2018 Executive Incentive Plan, with vesting spread over two years. On the same date, 161 shares were withheld at $179.57 per share to cover tax obligations tied to vesting. After these transactions, he directly owned 67,869 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Graham Christopher A

(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)
	Senior Vice President

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

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	02/02/2026		A		1,100(1)	A	$0	68,030	D
Common Stock	02/02/2026		F		161(2)	D	$179.57	67,869	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. Shares awarded pursuant to 2018 Executive Incentive Plan approved by Board of Directors and Stockholders and exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3 thereunder. One-third of shares granted vest on date of grant, one-third vest one year from grant, and final one-third vest two years from grant.

2. Payment of withholding tax liability by issuer's withholding of securities incident to the reporting person's vesting of a security in accordance with Rule 16b-3.

	/s/ Christopher A. Graham	02/03/2026
	** 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 transactions did Steel Dynamics (STLD) SVP Christopher A. Graham report?

Christopher A. Graham reported receiving 1,100 Steel Dynamics common shares and a withholding of 161 shares on February 2, 2026. The award was made under the 2018 Executive Incentive Plan, and the withheld shares satisfied tax liabilities upon vesting.

How many Steel Dynamics (STLD) shares does Christopher A. Graham own after this Form 4?

After the reported transactions, Christopher A. Graham directly owns 67,869 shares of Steel Dynamics common stock. This reflects the 1,100-share award and the 161 shares withheld for taxes associated with vesting under the company’s 2018 Executive Incentive Plan.

What is the nature of the 1,100-share award to the Steel Dynamics (STLD) executive?

The 1,100-share award to Christopher A. Graham is equity compensation under the 2018 Executive Incentive Plan. One-third vests on the grant date, another third one year later, and the final third two years from grant, aligning compensation with longer-term service.

Why were 161 Steel Dynamics (STLD) shares withheld from Christopher A. Graham?

Steel Dynamics withheld 161 shares from Christopher A. Graham to pay withholding tax obligations arising from the vesting of an equity award. Instead of paying cash, the issuer retained shares, consistent with Rule 16b-3 treatment of tax-withholding transactions for insiders.

What role does Christopher A. Graham hold at Steel Dynamics (STLD) in this Form 4?

In this Form 4, Christopher A. Graham is identified as an officer of Steel Dynamics, serving as Senior Vice President. The filing reflects his personal, direct ownership transactions in the company’s common stock under the 2018 Executive Incentive Plan.