Steel Dynamics (STLD) director granted 72 DSU-based shares under 2023 equity plan

Rhea-AI Filing Summary

Hamann Jennifer L reported acquisition or exercise transactions in this Form 4 filing.

Steel Dynamics Inc. director Jennifer L. Hamann received an equity grant of 72 shares of Common Stock, issued as deferred stock units (DSUs) in connection with her director retainer under the company’s 2023 Equity Incentive Plan. The DSUs are payable solely in common stock upon settlement and are therefore reported as directly owned shares, bringing her direct holdings to 5,376 shares.

Insider Trade Summary

Net Buyer: 72 shares

Net Buy 1 txn

Insider Hamann Jennifer L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	72	$0.00	$0.00

Holdings After Transaction: Common Stock — 5,376 shares (Direct)

Footnotes (1)

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 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)

Key Figures

Shares granted: 72 shares of Common Stock Grant price per share: $0.0000 per share Shares owned after transaction: 5,376 shares

3 metrics

Shares granted 72 shares of Common Stock Grant reported as DSUs tied to director retainer under 2023 Equity Incentive Plan

Grant price per share $0.0000 per share Listed transaction price for the 72-share DSU-based award

Shares owned after transaction 5,376 shares Total direct ownership by Jennifer L. Hamann following the reported grant

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"

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

"under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b)"

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

What insider transaction did STEEL DYNAMICS INC (STLD) report for Jennifer L. Hamann?

Steel Dynamics reported that director Jennifer L. Hamann received an equity grant of 72 shares of Common Stock. These were issued as deferred stock units (DSUs) tied to her director retainer under the 2023 Equity Incentive Plan.

How many STEEL DYNAMICS INC (STLD) shares does Jennifer L. Hamann hold after this Form 4?

Following the reported grant, Jennifer L. Hamann directly owns 5,376 shares of Steel Dynamics common stock. This total reflects the addition of 72 DSU-based shares reported as directly owned due to settlement solely in common stock.

What type of award did STEEL DYNAMICS INC (STLD) grant to Jennifer L. Hamann?

Jennifer L. Hamann received deferred stock units (DSUs) issued in connection with her director retainer under the company’s 2023 Equity Incentive Plan. Because the DSUs are settled only in stock, they are reported as shares of common stock.

Was the STEEL DYNAMICS INC (STLD) Form 4 transaction under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not affirmed, so this grant was not reported as made under a Rule 10b5-1 trading plan. It is characterized as a director compensation award, not an open-market trade.

At what price were the STEEL DYNAMICS INC (STLD) DSUs granted to Jennifer L. Hamann?

The Form 4 lists a per-share price of $0.0000 for the 72-share award. This reflects that the DSUs were granted as director compensation rather than purchased in a market transaction for cash consideration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/14/2026 - 02:38 PM Accepted by SEC EDGAR 08/14/2026 - 02:37 PM Learn about SEC filing dates

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^*

Hamann Jennifer L

(Last) (First) (Middle)

555 RIVERFRONT PLZ #803

(Street)

OMAHA NEBRASKA 68102

(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)
08/13/2026

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	08/13/2026		A		72(1)	A	$0	5,376	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 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)

	/s/ Theresa E. Wagler by Power of Attorney	08/14/2026
	** 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)