Steel Dynamics Inc SEC Filings

Richard P. Teets Jr., a director of Steel Dynamics Inc. (STLD), reported a charitable transfer of 73,000 shares to the Teets Family Foundation while retaining voting and investment power over the foundation's holdings. The filing shows the reporting person disposed of 73,000 shares under a code indicating a gift to the foundation and that the foundation's 73,000 shares are treated as indirectly beneficially owned by the reporting person. After the reported transaction, the reporting person directly held 4,979,623 shares; an additional 93,119 shares are shown as held by the reporting person’s spouse; and 73,000 shares are reported as indirectly held via the foundation.

Steel Dynamics filed an 8-K notifying investors that it will acquire the remaining 55% ownership interest in New Process Steel. The filing references an attached press release dated August 19, 2025, titled "Steel Dynamics to Acquire Remaining 55% Ownership Interest in New Process Steel." The disclosure is filed as an exhibit (99.1) and the filing is signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer. The document provides the material transaction headline and supporting exhibit but does not include transaction financial terms or additional operational details within the text provided.

Sheree L. Bargabos, a director of Steel Dynamics Inc. (STLD), received 291 deferred stock units (DSUs) as compensation on 08/14/2025. The DSUs were issued under the company's 2023 Equity Incentive Plan and are reportable as directly owned common stock because they are payable solely in shares when settled. The reported transaction shows 291 shares acquired at $0, bringing the reporting persons beneficial ownership to 25,567 shares following the grant. The filing notes the grant is exempt from Section 16(b) under Rule 16b-3(d)(1) and (3). The Form 4 was signed by power of attorney on 08/15/2025.

Richard P. Teets Jr., a director of Steel Dynamics Inc. (STLD), received 291 deferred stock units (DSUs) as compensation on 08/14/2025 that are payable solely in common stock and reported as shares. These DSUs were issued under the Company's 2023 Equity Incentive Plan and are exempt from Section 16(b) by Rule 16b-3(d)(1) and (3). After the issuance, Mr. Teets reports directly owning 5,052,623 shares of common stock and indirectly holding 93,119 shares through his spouse. The Form 4 was signed on 08/15/2025.

The filing documents a routine director retainer payment settled in DSUs and clarifies why the units are reported as direct share ownership rather than derivative securities.

Steel Dynamics director Jennifer L. Hamann received 146 deferred stock units (DSUs) as director retainer, recorded as Common Stock on 08/14/2025. The DSUs are treated as directly owned shares because they will be settled solely in common stock when paid, and the filing reports 4,227 shares beneficially owned by the reporting person following the issuance. The DSUs were issued under the companys 2023 Equity Incentive Plan and are exempt from short-swing profit rules under Rule 16b-3. This appears to be a routine director compensation credit rather than a cash purchase or sale.

Steel Dynamics (STLD) filed a Form 8-K reporting a press release dated August 14, 2025 titled "Steel Dynamics Announces Third Quarter 2025 Cash Dividend." The filing attaches that press release as an exhibit and is signed by Theresa E. Wagler, Executive Vice President and Chief Financial Officer. The document provides notice that a cash dividend announcement was made, but no dividend amount, record date, or payment date is included in the text provided.

Steel Dynamics reported weaker profitability in the quarter and first half of 2025 despite stable shipment volumes. Consolidated net sales were $4.565 billion for the three months ended June 30, 2025, with consolidated operating income of $382.9 million, down 32% from $559.1 million a year earlier. Net income attributable to Steel Dynamics, Inc. was $298.7 million for the quarter (basic and diluted EPS of $2.01), a 30% decline from the prior-year quarter. For the six months, net sales were $8.934 billion and net income attributable to SDI was $515.9 million, down 49% year-over-year.

Operationally, steel shipments remained strong at 3.3 million tons in Q2 2025 (3.0 million excluding intra-segment), and metals recycling achieved record quarterly ferrous scrap shipments. The company issued $600 million of 5.250% notes due 2035 and $400 million of 5.750% notes due 2055 in March 2025, raising net proceeds of $972 million. Inventories rose to $3.261 billion and total assets were $15.549 billion at June 30, 2025. The company recorded a $32.3 million correction to write off consumable assets, which increased cost of sales and reduced supplies inventory.