Graham Christopher A 4

What Happened

• Christopher A. Graham, Senior Vice President of Steel Dynamics (STLD), was granted 1,100 shares as an award on Feb 2, 2026 (transaction code A).
• To cover the tax withholding on the vesting/award, 161 shares were surrendered/withheld (transaction code F) at an attributed price of $179.57 per share, for a withholding value of $28,911.
• This was an equity award and a routine withholding for taxes — not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-02; Filing date (Form 4): 2026-02-03 (timely).
• Award: 1,100 shares granted (no cash paid by insider — $0 acquisition price).
• Withholding: 161 shares disposed at $179.57 per share; total tax withholding amount reported $28,911.
• Shares owned after the transaction: not specified in the provided filing data.
• Footnotes: F1 — award granted under the 2018 Executive Incentive Plan; vesting schedule is one‑third at grant, one‑third after 1 year, and one‑third after 2 years. F2 — the 161‑share disposition represents issuer withholding of securities to satisfy the reporting person’s tax withholding obligation under Rule 16b‑3.
• Transaction codes: A = Award/Grant, F = Tax withholding (disposition of shares).

Context

• The award vests over time per the stated schedule; one-third vested immediately at grant, with remaining portions vesting over the next two years.
• The withholding of shares to cover taxes is a common administrative action and does not necessarily indicate the insider’s view of the company’s stock price.