Poinsatte Richard A 4

What Happened

• Richard A. Poinsatte, Senior Vice President of Steel Dynamics (STLD), received an award of 2,350 restricted stock units (RSUs) on 2026-02-20. The units were granted for no cash consideration (acquisition price $0) and are reported as an award rather than a purchase or sale.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (filed within the normal two-business-day window).
• Award: 2,350 restricted stock units (RSUs) granted at $0.
• Vesting/settlement: RSUs vest over four years in three installments — 1/3 on 02/20/2028, 1/3 on 02/20/2029, and the final 1/3 on 02/20/2030. Settlement will be made solely in the same number of shares of common stock after each vesting date.
• Legal note: Grant is exempt from Section 16(b) under Rule 16b-3(d)(1) and (3) (standard for bona fide equity compensation awards).
• Shares owned after the transaction: not specified in the provided filing.

Context

• RSUs are a form of equity compensation that convert into shares only after vesting; they are not an immediate market purchase and do not necessarily indicate an immediate change in insider sentiment. This grant appears to be routine long-term incentive compensation with multi-year vesting.