Bell Matthew Lane 4

What Happened

• Matthew Lane Bell, Vice President of Steel Dynamics (STLD), received an award of 609 shares on 2026-02-02 (reported on Form 4 filed 2026-02-03). The award shares were granted at $0.00 (no cash purchase price). Concurrently, 58 of the awarded shares were withheld/disposed to satisfy tax withholding obligations at a reported value of $179.57 per share, totaling $10,415.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-03.
• Award: 609 shares granted (code A); Withholding: 58 shares withheld to satisfy taxes (code F) at $179.57/share = $10,415.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: (F1) Shares granted under the 2018 Executive Incentive Plan; vesting schedule is one‑third at grant, one‑third after one year, and final one‑third after two years. (F2) The 58‑share disposition reflects issuer withholding to satisfy tax liability incident to vesting, consistent with Rule 16b‑3.
• No late filing indication provided in the supplied data.

Context

• This filing reflects a restricted‑share award (not an open‑market purchase or a discretionary sale). The withholding of shares to pay taxes is a routine administrative step tied to vesting and does not by itself indicate a decision to sell remaining holdings. The award is exempt from Section 16(b) short‑swing profit rules under Rule 16b‑3 per the filing notes.