BARGABOS SHEREE L 4
4 · STEEL DYNAMICS INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) Director Sheree Bargabos Receives 197-Share Award
What Happened
Sheree L. Bargabos, a director of Steel Dynamics, received an award of 197 deferred stock units (DSUs) on February 20, 2026. The reported acquisition price is $0.00 because these DSUs are compensation, not an open‑market purchase; there was no cash exchanged at grant.
Key Details
- Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (timely filing).
- Amount: 197 DSUs granted; reported acquisition price $0.00 (compensation award).
- Shares owned after transaction: not specified in the public filing.
- Footnote: DSUs were issued as a director retainer under the Company’s 2023 Equity Incentive Plan and are exempt from Section 16(b) under Rule 16b‑3(d)(1) and (3). The DSUs are reportable as directly owned shares because they will be settled solely in common stock when paid.
Context
Director DSU grants are routine compensation and do not reflect an open‑market buy or sell. These deferred units convert to common stock when settled, so they are reported as direct share holdings for disclosure purposes. Purchases by insiders often attract more attention for sentiment; routine awards mainly reflect compensation policies.
Insider Transaction Report
Form 4
BARGABOS SHEREE L
Director
Transactions
- Award
Common Stock
[F1]2026-02-20+197→ 26,134 total
Footnotes (1)
- [F1]Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3)
Signature
/s/ Theresa E. Wagler by Power of Attorney|2026-02-23