Wagler Theresa E 4

What Happened

• Theresa E. Wagler, Executive Vice President & Chief Financial Officer of Steel Dynamics (STLD), was granted 5,932 restricted stock units (RSUs) on 2026-02-20. The award was issued at $0.00 per unit (no cash exchanged) and is reported as an "A" (award/grant) transaction on the Form 4.

Key Details

• Transaction date: 2026-02-20; Filed: 2026-02-24 (appears timely under the two-business-day Form 4 rule).
• Amount: 5,932 RSUs; reported acquisition price: $0.00; total reported value: $0.
• Vesting: 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 solely in the same number of shares.
• Footnote: Grant is exempt from Section 16(b) short-swing liability under Rule 16b-3(d)(1) and (3).
• Shares owned after transaction: Not specified in the provided filing.

Context

• This was a compensatory equity award (RSUs), not an open-market purchase or sale; no cash outlay by the insider and no immediate change in market holdings until vesting/settlement. Such grants are routine for executive compensation and are intended to align management with shareholder interests over the vesting period.