Steel Dynamics (NASDAQ: STLD) SVP disposes shares to pay taxes

Rhea-AI Filing Summary

Steel Dynamics, Inc. senior vice president Glenn Pushis reported multiple tax-related share dispositions of company common stock. On January 9, 2026, he disposed of several blocks of Steel Dynamics common stock at $172.16 per share, each coded "F," which indicates shares were withheld or surrendered to the issuer to satisfy tax obligations.

According to the footnote, these transactions represent shares delivered to the company to cover taxes due upon the vesting of previously issued and reported restricted stock units, and are exempt under Rule 16b-3. After the last reported transaction, Pushis directly beneficially owned 133,008 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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X

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^*

Pushis Glenn

(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)
01/09/2026

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	01/09/2026		F		1,137(1)	D	$172.16	140,041	D
Common Stock	01/09/2026		F		648(1)	D	$172.16	139,393	D
Common Stock	01/09/2026		F		958(1)	D	$172.16	138,435	D
Common Stock	01/09/2026		F		956(1)	D	$172.16	137,479	D
Common Stock	01/09/2026		F		956(1)	D	$172.16	136,523	D
Common Stock	01/09/2026		F		956(1)	D	$172.16	135,567	D
Common Stock	01/09/2026		F		853(1)	D	$172.16	134,714	D
Common Stock	01/09/2026		F		853(1)	D	$172.16	133,861	D
Common Stock	01/09/2026		F		853(1)	D	$172.16	133,008	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 disposition to issuer to cover taxes payable upon vesting of previously issued and reported restricted stock units, exempt pursuant to Rule 16b-3.

	/s/ Glenn Pushis	01/12/2026
	** 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).
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FAQ

What insider transaction did Steel Dynamics (STLD) report for Glenn Pushis?

Steel Dynamics reported that senior vice president Glenn Pushis disposed of several blocks of common stock on January 9, 2026, coded "F" to indicate tax-related share withholding or delivery to the issuer.

Why did Glenn Pushis dispose of Steel Dynamics shares in this Form 4?

A footnote states the transactions represent disposition to the issuer to cover taxes payable upon the vesting of previously issued and reported restricted stock units, and are exempt pursuant to Rule 16b-3.

At what price were the Steel Dynamics (STLD) shares disposed of in the filing?

Each reported disposition of Steel Dynamics common stock on January 9, 2026, lists a price of $172.16 per share.

How many Steel Dynamics shares does Glenn Pushis own after these transactions?

After the final reported transaction, Glenn Pushis is shown as directly beneficially owning 133,008 shares of Steel Dynamics common stock.

What does transaction code "F" mean in this Steel Dynamics Form 4?

In this filing, code "F" is used for dispositions that, per the footnote, reflect shares delivered to the issuer to cover taxes due upon vesting of previously granted restricted stock units.

What is Glenn Pushis’s role at Steel Dynamics (STLD)?

The reporting person, Glenn Pushis, is identified as an officer of Steel Dynamics with the title Senior Vice President.