MILLETT MARK D 4
4 · STEEL DYNAMICS INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) CEO Mark Millett Receives Restricted Stock Award
What Happened
- Mark D. Millett, Chairman & CEO and a director of Steel Dynamics (STLD), was granted 12,662 restricted stock units (RSUs) on 2026-02-20. The award was issued for no cash consideration and is reported with a grant value of $0 at award.
Key Details
- Transaction date: 2026-02-20 (Form 4 filed 2026-02-24).
- Transaction type: A = Award/Grant of RSUs; reported acquisition of 12,662 shares at $0.00.
- Vesting schedule (footnote): RSUs vest in three equal 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 in shares.
- Rule/Exemption: Award is made under the issuer’s equity incentive plan and is exempt from Section 16(b) under Rule 16b-3(d)(1) and (3).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Timeliness: Form 4 was filed on 2026-02-24 for a 2026-02-20 grant — this falls within the standard two business‑day reporting window and appears timely.
Context
- This is a compensation grant (RSUs), not an open-market purchase or sale. RSUs do not represent immediately tradable shares until they vest and are settled; therefore this grant is routine executive compensation rather than an immediate market signal.
Insider Transaction Report
Form 4
MILLETT MARK D
DirectorChairman and CEO
Transactions
- Award
Common Stock
[F1]2026-02-20+12,662→ 3,001,919 total
Footnotes (1)
- [F1]Represents grant of restricted stock units equal to the same number of underlying shares, received as an award under the Issuer's equity incentive plan, for no consideration, and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). The restricted units vest over a four year period as follows: 1/3 on 02/20/2028, 1/3 on 02/20/2029 and the final 1/3 on 02/20/2030, following which settlement is to be made solely in the same number of shares of the Issuer's common stock shown in Column 4.
Signature
/s/ Mark D. Millett|2026-02-24