Steel Dynamics director granted 712 shares
BARGABOS SHEREE L reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
BARGABOS SHEREE L reported acquisition or exercise transactions in this Form 4 filing.
STEEL DYNAMICS INC director Sheree L. Bargabos received 712 shares of common stock as a grant under the company’s 2023 Equity Incentive Plan. The award was issued as deferred stock units in connection with her director retainer, at a stated price of $0.00 per share.
These deferred stock units are payable solely in common stock when settled and are reported as directly owned common shares. Following this grant, Bargabos directly holds 27,062 shares of STEEL DYNAMICS INC common stock.
Insider Trade Summary
Grant/Award: 712 shares
Grant/Award
1 txn
Insider
BARGABOS SHEREE L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 712 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 27,062 shares (Direct)
Footnotes (1)
- F1. Issued as deferred stock units (DSUs) in connection with reporting person's retainer as a director under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. See Lincoln National Corp. (March 20, 1992) (Q.3). The DSUs vest as follows: 1/4 on 8/31/2026, 1/4 on 11/30/2026, 1/4 on 2/28/2027 and 1/4 on 5/31/2027.
Key Figures
Shares granted: 712 shares
Grant price: $0.00 per share
Total shares after grant: 27,062 shares
+4 more
7 metrics
Shares granted
712 shares
Deferred stock units granted to director as equity compensation
Grant price
$0.00 per share
Stated price for deferred stock unit award
Total shares after grant
27,062 shares
Director’s directly owned STEEL DYNAMICS INC common stock
Vesting date 1
08/31/2026
First quarter of deferred stock units vests
Vesting date 2
11/30/2026
Second quarter of deferred stock units vests
Vesting date 3
02/28/2027
Third quarter of deferred stock units vests
Vesting date 4
05/31/2027
Final quarter of deferred stock units vests
Key Terms
deferred stock units (DSUs), 2023 Equity Incentive Plan, Section 16(b), Rule 16b-3(d)(1) and (3)
4 terms
deferred stock units (DSUs) financial
"Issued as deferred stock units (DSUs) in connection with reporting person's retainer as a director"
Deferred stock units (DSUs) are a form of long-term pay that promises an employee or director future company shares or cash equal to the share value at a later date, usually after leaving the company or at a set vesting time. Think of them as a delayed paycheck tied to the stock: they align recipients’ interests with long-term share performance and matter to investors because they create potential future dilution and signal how management is rewarded and incentivized.
2023 Equity Incentive Plan financial
"in connection with reporting person's retainer as a director under the Company's 2023 Equity Incentive Plan"
Section 16(b) regulatory
"exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3)"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d)(1) and (3) regulatory
"exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did STEEL DYNAMICS INC (STLD) report for Sheree L. Bargabos?
STEEL DYNAMICS INC reported that director Sheree L. Bargabos received 712 shares of common stock as a grant. The award was issued as deferred stock units in connection with her director retainer under the company’s 2023 Equity Incentive Plan, at no cash purchase price.
Was the STEEL DYNAMICS INC (STLD) insider award to Sheree L. Bargabos a market purchase?
No, the 712 shares reported for Sheree L. Bargabos were not a market purchase. They were granted at a price of $0.00 per share as deferred stock units under the 2023 Equity Incentive Plan, representing compensation for her service as a director rather than an open-market buy.
How are the STEEL DYNAMICS INC (STLD) deferred stock units for Sheree L. Bargabos settled?
The deferred stock units granted to Sheree L. Bargabos are payable solely in STEEL DYNAMICS INC common stock when they are settled. Because settlement must occur in shares, the award is reported as directly owned common stock rather than as a derivative security in a separate table.
Over what schedule do Sheree L. Bargabos’s STEEL DYNAMICS INC (STLD) deferred stock units vest?
The deferred stock units vest in four equal installments. According to the disclosure, vesting occurs in one-quarter increments on 8/31/2026, 11/30/2026, 2/28/2027, and 5/31/2027, aligning the award with a multi-date service period for her role as director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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