Welcome to our dedicated page for Steel Dynamics SEC filings (Ticker: STLD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Steel Dynamics, Inc. filings document material-event disclosures, operating results, capital actions and governance matters for a North American industrial metals company. The company’s common stock is registered on the NASDAQ Global Select Market under STLD, and its 8-K reports cover earnings releases, earnings guidance, dividend announcements and other corporate updates.
Proxy and shareholder-meeting filings describe director elections, auditor ratification, advisory executive compensation votes and board composition. The filing record also includes Regulation FD disclosures, exhibit filings for company press releases, capital-structure information for the registered common stock and formal records of shareholder voting matters.
STEEL DYNAMICS INC director Gabriel Shaheen reported an equity-based share acquisition. Shaheen received 157 shares of common stock at no cash cost as a dividend-equivalent grant tied to deferred stock units under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan.
After this award, Shaheen directly holds 82,520 shares of Steel Dynamics common stock, including shares accumulated through reinvested dividends on underlying deferred stock units that are ultimately settled solely in common stock.
Steel Dynamics director Bradley S. Seaman reported a stock-based award, not an open-market trade. He acquired 129 shares of common stock on a grant/award basis at a stated price of $0.0000 per share.
The shares represent dividend-equivalent deferred stock units issued in connection with his director retainer under Steel Dynamics’ 2023 Equity Incentive Plan and the company’s Dividend Reinvestment Plan. After this award, Seaman directly holds 50,779 shares of common stock, including shares from reinvested dividends on underlying deferred stock units.
STEEL DYNAMICS INC director Jennifer L. Hamann received 16 shares of common stock as a grant linked to deferred stock units. The award was issued at a stated price of $0.00 per share as a dividend-equivalent under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan.
After this compensation-related acquisition, she directly holds 4,495 shares of Steel Dynamics common stock. The filing describes this as an exempt transaction under Section 16 rules rather than an open-market purchase or sale.
STEEL DYNAMICS INC director Traci M. Dolan acquired 120 shares of common stock-equivalent units as a compensation-related award. The shares reflect additional deferred stock units issued as dividend equivalents under the company’s 2023 Equity Incentive Plan and Dividend Reinvestment Plan, rather than an open-market purchase.
After this transaction, Dolan directly owns 58,156 shares of common stock, including shares resulting from dividend reinvestment on underlying deferred stock units.
Steel Dynamics Inc. director Kenneth W. Cornew received a grant of 5 shares of common stock as a dividend-equivalent award tied to deferred stock units under the company’s 2023 Equity Incentive Plan. Following this compensation-related acquisition, he directly holds 36,299 shares of common stock.
STEEL DYNAMICS INC director Sheree L. Bargabos received an equity award tied to her board service. On this Form 4, she acquired 58 shares of common stock at no cash cost, representing dividend-equivalent deferred stock units under the company’s 2023 Equity Incentive Plan. After this grant, she directly owns 26,192 shares, including amounts from prior dividend reinvestments.
The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A reporting its beneficial ownership of Steel Dynamics Inc common stock as 0 shares (0%). The amendment explains this follows an internal realignment on January 12, 2026 and disaggregation under SEC Release No. 34-39538.
The filing is signed by Ashley Grim as Head of Global Fund Administration on 03/27/2026.
Steel Dynamics, Inc. announced that longtime directors Richard P. Teets, Jr. and Gabriel L. Shaheen plan to retire from the Board at the end of their current terms and will not stand for reelection at the 2026 Annual Meeting on May 6, 2026. Effective at that meeting, the Board will be reduced from nine to seven members. The company stated that neither director’s decision resulted from any disagreement regarding operations, policies, or practices.
The company also issued a press release thanking both directors for their extensive service, highlighting Teets’ role as a co‑founder and key operational leader and Shaheen’s financial and strategic contributions over many years.
Steel Dynamics, Inc. is asking shareholders to vote at its 2026 annual meeting on May 6, 2026 at the Fort Wayne Country Club in Indiana. Items include electing seven directors, ratifying the independent auditor, an advisory vote on executive pay, and a shareholder proposal on political spending that the Board recommends voting against.
The company highlights a strong 2025, with revenues of $18.2 billion, consolidated operating income of $1.5 billion and net income of $1.2 billion. Operating cash flow reached $1.4 billion, liquidity exceeded $2.2 billion, and capital expenditures were $948 million, including major investments in its aluminum growth platform.
Steel Dynamics returned $1.2 billion to shareholders in 2025 through dividends and buybacks, repurchasing $901 million (over 4%) of its common stock and increasing its dividend by 6% in February 2026. Over nine years, it has repurchased $7.6 billion, or 43%, of its shares and increased its dividend fourteen straight years.
The proxy emphasizes a safety-first culture, noting a near record-low total recordable injury rate and many facilities operating the year with no recordable or lost-time incidents. It also details sustainability initiatives, including lower-embodied-carbon steel and aluminum products, GSCC-certified emissions targets aligned with the Paris Agreement, and a biocarbon project expected to reduce Scope 1 emissions by as much as 35%.
Governance disclosures show a largely independent Board, fully independent key committees, a lead independent director structure, formal risk oversight (including cybersecurity and decarbonization), and a robust director nomination and evaluation process. Executive pay is described as highly performance-based, with 84% of the CEO’s target compensation at risk and a 2025 say-on-pay approval rate of 92%.