Bickford Chad 4

What Happened
Chad Bickford, Vice President of Steel Dynamics, had 287 shares withheld by the company to satisfy a tax withholding obligation related to the vesting of equity. The filing shows a per-share value of $179.57, for a total disposition value of approximately $51,537. This was an administrative tax-withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-03 (timely).
• Disposed: 287 shares at $179.57 per share — total value reported $51,537.
• Transaction code: F — payment of exercise price or tax liability; footnote clarifies securities were withheld to cover withholding tax upon vesting (Rule 16b-3).
• Shares owned after the transaction: not specified in the provided filing.
• This was not a market sale (no proceeds to the insider); it’s a routine withholding to cover taxes.

Context
When companies withhold shares to cover taxes on vested awards (e.g., restricted stock units), the shares are retained by the issuer rather than sold on the open market. Such transactions are administrative and do not necessarily indicate the insider’s view on the company’s stock.