SCHNEIDER BARRY 4

What Happened

• Barry Schneider, President and Chief Operating Officer of Steel Dynamics (STLD), was awarded 5,841 restricted stock units (RSUs) on 2026-02-20. The award price was $0.00 (no cash paid), so the reported acquisition value is $0.
• These RSUs were granted under the issuer’s equity incentive plan and are intended to settle solely in the same number of shares once vested.

Key Details

• Transaction date: 2026-02-20; Transaction type: Award/Grant (A); Shares/units: 5,841; Price: $0.00.
• Vesting schedule (per footnote): 1/3 vests on 02/20/2028, 1/3 on 02/20/2029, and the final 1/3 on 02/20/2030; settlement in shares.
• Footnote: Grant exempt from Section 16(b) under Rule 16b-3(d)(1) and (3) as a compensatory award.
• Shares owned after transaction: not disclosed in the provided report.
• Filing: Form 4 was filed 2026-02-24 for a 2026-02-20 grant; this filing date appears to be within the standard two-business-day reporting window.

Context

• RSU grants are a form of executive compensation and vest over time; they do not represent an immediate open-market purchase or sale and therefore are not a direct signal of the insider buying or selling stock.
• Upon vesting and settlement, these units will convert to the indicated number of common shares.