Bickford Chad 4

What Happened
Chad Bickford, Vice President of Steel Dynamics (STLD), received an award of 3,400 restricted stock units (RSUs) on February 20, 2026. The grant was issued for no cash consideration (transaction reported at $0.00) and will settle solely in common shares upon vesting.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (covers the 02/20/2026 grant).
• Amount: 3,400 RSUs; reported acquisition price: $0.00 (award/grant).
• Vesting schedule (per footnote): 1/3 vests on 02/20/2028, 1/3 on 02/20/2029, and final 1/3 on 02/20/2030. Settlement will be solely in the same number of common shares.
• Rule/Exemption: Award is noted as exempt from Section 16(b) under Rule 16b-3(d)(1) and (3).
• Shares owned after the transaction: Not specified in the provided filing.

Context
RSU grants are a form of compensation and vest over time; they are not an immediate open‑market purchase. Because these units are subject to future vesting, they do not reflect an immediate increase or decrease in public market exposure. This filing reports the grant itself rather than any sale or purchase of freely tradable shares.