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 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%.
Steel Dynamics, Inc. is guiding first quarter 2026 earnings to a range of $2.73 to $2.77 per diluted share, up from $1.82 in the fourth quarter 2025 and $1.44 in the prior-year first quarter. Management expects significantly higher profitability in steel operations from increased shipments and wider metal margins, with strong demand in non-residential construction, energy, automotive, and industrial markets.
Metals recycling earnings are expected to improve on stronger margins despite slightly lower shipments, while steel fabrication earnings should be steady as higher volumes offset input cost pressure. The company is successfully commissioning its Columbus, Mississippi aluminum flat rolled mill, securing product qualifications in industrial, beverage can, and automotive markets. It repurchased an estimated $66 million of stock so far in first quarter 2026, temporarily slowing buybacks to fund about $126 million of annual profit-sharing and higher working capital tied to the rapid aluminum ramp, with plans to normalize repurchases in second quarter 2026.
Steel Dynamics Senior Vice President Richard A. Poinsatte received 6,253 shares of Common Stock as an equity award under the company’s 2023 Equity Incentive Plan. To cover withholding taxes, 2,744 shares were withheld by the company at $182.19 per share, leaving him with 30,918 shares held directly.
Steel Dynamics Inc. Senior Vice President James Stanley Anderson reported routine equity compensation activity. He received a grant of 14,738 shares of common stock at no cost under the company’s 2023 Equity Incentive Plan. On the same date, 6,468 shares were withheld by the company to cover tax obligations related to this award, leaving him with 112,837 shares held directly.
Steel Dynamics Inc. Senior Vice President Miguel Alvarez reported routine equity compensation activity. He received a grant of 16,479 shares of Common Stock at $0.00 per share under the company’s 2023 Equity Incentive Plan. To cover withholding taxes on this equity award, 7,232 shares were withheld by the company at a price of $182.19 per share, treated as a disposition to the issuer for tax purposes rather than an open-market sale. After these transactions, Alvarez directly holds 127,082 common shares.
Steel Dynamics Inc. President and COO Barry Schneider reported routine equity compensation activity. He received a grant of 26,571 shares of common stock at no cost under the company’s 2023 Equity Incentive Plan. To cover withholding taxes tied to this award or vesting, 11,662 shares were withheld and returned to the company at $182.19 per share, rather than sold on the open market. After these transactions, Schneider directly owns 246,399 shares of Steel Dynamics common stock.