Steel Dynamics (STLD) SVP transfers shares to cover RSU taxes

Q: What insider activity did Steel Dynamics (STLD) report for Glenn Pushis?

Steel Dynamics reported that senior vice president Glenn Pushis transferred multiple blocks of common stock on January 9, 2026 , all coded as "F" transactions.

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

The code "F" indicates shares were disposed of to the issuer to satisfy tax withholding obligations upon the vesting of equity awards, rather than sold on the open market.

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

Following the reported tax-withholding dispositions, Glenn Pushis directly beneficially owned 133,008 shares of Steel Dynamics common stock.

Q: Why were Steel Dynamics shares transferred back to the issuer in this Form 4?

According to the footnote, the transfers represent a disposition to the issuer to cover taxes payable upon the vesting of previously issued and reported restricted stock units , and are noted as exempt under Rule 16b-3 .

Q: Is this Steel Dynamics Form 4 a discretionary sale by the insider?

No. The filing explains that the shares were withheld by the issuer to satisfy tax obligations on vesting restricted stock units, rather than being discretionary open-market sales.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Steel Dynamics Inc. senior vice president Glenn Pushis reported several transactions in company common stock on January 9, 2026. Each transaction, coded "F," reflects shares transferred back to the issuer at $172.16 per share to cover taxes due upon the vesting of previously granted restricted stock units, as explained in the footnote referencing Rule 16b-3. These are tax-withholding dispositions to the company rather than open-market sales. After the reported transactions, Pushis directly beneficially owned 133,008 shares of Steel Dynamics common stock.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Pushis Glenn

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,137	$172.16	$196K
Tax Withholding	Common Stock	648	$172.16	$112K
Tax Withholding	Common Stock	958	$172.16	$165K
Tax Withholding	Common Stock	956	$172.16	$165K
Tax Withholding	Common Stock	956	$172.16	$165K
Tax Withholding	Common Stock	956	$172.16	$165K
Tax Withholding	Common Stock	853	$172.16	$147K
Tax Withholding	Common Stock	853	$172.16	$147K
Tax Withholding	Common Stock	853	$172.16	$147K

Holdings After Transaction: Common Stock — 140,041 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

01/12/2026 - 04:24 PM

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^*

Pushis Glenn

(Last)

(First)

(Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Steel Dynamics reported that senior vice president Glenn Pushis transferred multiple blocks of common stock on January 9, 2026, all coded as "F" transactions.

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

The code "F" indicates shares were disposed of to the issuer to satisfy tax withholding obligations upon the vesting of equity awards, rather than sold on the open market.

At what price were the Steel Dynamics shares used to cover taxes?

The reported transactions show Steel Dynamics common stock transferred to the issuer at a price of $172.16 per share for tax withholding purposes.

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

Following the reported tax-withholding dispositions, Glenn Pushis directly beneficially owned 133,008 shares of Steel Dynamics common stock.

Why were Steel Dynamics shares transferred back to the issuer in this Form 4?

According to the footnote, the transfers represent a disposition to the issuer to cover taxes payable upon the vesting of previously issued and reported restricted stock units, and are noted as exempt under Rule 16b-3.

Is this Steel Dynamics Form 4 a discretionary sale by the insider?

No. The filing explains that the shares were withheld by the issuer to satisfy tax obligations on vesting restricted stock units, rather than being discretionary open-market sales.