Steel Dynamics (STLD) COO granted stock while shares withheld for taxes

Rhea-AI Filing Summary

Steel Dynamics Inc. President and COO Barry Schneider reported routine equity compensation activity. He received a grant of 26,571 shares of common stock at no cost under the company’s 2023 Equity Incentive Plan. To cover withholding taxes tied to this award or vesting, 11,662 shares were withheld and returned to the company at $182.19 per share, rather than sold on the open market. After these transactions, Schneider directly owns 246,399 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)
03/13/2026

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	03/13/2026		A		26,571(1)	A	$0	258,061	D
Common Stock	03/13/2026		F		11,662(2)	D	$182.19	246,399	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. Acquisition from Issuer: Shares awarded under Long-Term Incentive Program adopted by Compensation Committee composed of three or more independent non-employee directors pursuant to the Company's 2023 Equity Incentive Plan approved by Compensation Committee and Stockholders and exempt from Section 16(b) of Exchange Act pursuant to Rule 16b-3(d).

2. Disposition to Issuer: Shares withheld by Issuer in payment of reporting person's withholding tax liability in connection with such person's receipt or vesting of an equity security, and either approved in advance by Compensation Committee or mandated by the express terms of the Plan and exempt from Section 16(b) of Exchange Act in accordance with Exchange Act Rule 16b-3(e).

	/s/ Barry Schneider	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Steel Dynamics (STLD) report for Barry Schneider?

Barry Schneider reported a grant of 26,571 shares of Steel Dynamics common stock and a withholding of 11,662 shares for taxes. These transactions are equity compensation-related and not open-market purchases or sales.

Was the Steel Dynamics (STLD) insider transaction an open-market sale or purchase?

The filing shows no open-market trades. Schneider received a stock award and 11,662 shares were withheld by Steel Dynamics to pay tax obligations, meaning the disposition was to the issuer, not a sale on the market.

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

After the reported transactions, Barry Schneider directly holds 246,399 shares of Steel Dynamics common stock. This balance reflects his new award of 26,571 shares and the tax withholding of 11,662 shares returned to the company.

What price was used for the Steel Dynamics (STLD) tax-withholding shares?

For the tax-withholding disposition, 11,662 shares of Steel Dynamics common stock were valued at $182.19 per share. These shares were withheld by the company to satisfy Barry Schneider’s withholding tax liability on his equity award.

How were the Steel Dynamics (STLD) stock awards to Barry Schneider approved?

The stock award to Barry Schneider was granted under the 2023 Equity Incentive Plan, adopted and approved by the company’s Compensation Committee and stockholders. The footnote explains that the grant is exempt from Section 16(b) under Rule 16b-3(d).

Why did Steel Dynamics (STLD) withhold shares from Barry Schneider’s award?

Steel Dynamics withheld 11,662 shares to pay Barry Schneider’s withholding tax liability related to his equity award or vesting. According to the footnote, this disposition to the issuer is permitted under the plan and treated as tax payment, not a market sale.