Steel Dynamics (STLD) director receives 712-share equity grant

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

1 transaction reported

Mixed 1 txn

Insider BARGABOS SHEREE L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	712	$0.00	--

Holdings After Transaction: Common Stock — 27,062 shares (Direct, null)

Footnotes (1)

1. [object Object]

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)"

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Form 4 Insider Transactions: What Each Field Means →

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^*

BARGABOS SHEREE L

(Last) (First) (Middle)

7575 W. JEFFERSON BLVD.

(Street)

FORT WAYNE INDIANA 46804

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STEEL DYNAMICS INC [ STLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/01/2026		A		712(1)	A	$0	27,062	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. 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.

	/s/ Theresa E. Wagler by Power of Attorney	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many STEEL DYNAMICS INC (STLD) shares does Sheree L. Bargabos now hold?

After the reported grant, Sheree L. Bargabos directly holds 27,062 shares of STEEL DYNAMICS INC common stock. This total includes the 712 deferred stock units issued in connection with her director retainer, which are reportable as directly owned shares for Section 16 purposes.

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.