Wagler Theresa E 4

What Happened Theresa E. Wagler, Executive Vice President & Chief Financial Officer of Steel Dynamics (STLD), received 20,766 shares as an equity award on 2026-03-13 (reported as a grant/acquisition). To cover withholding tax on the award, 9,114 shares were surrendered to the company at $182.19 per share, totaling $1,660,480. Net shares issued to Wagler from this transaction were 11,652 (20,766 awarded minus 9,114 withheld).

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-13 (appears timely).
• Award: 20,766 shares granted (reported at $0.00 acquisition price in filing).
• Tax withholding: 9,114 shares withheld/disposed at $182.19 each for $1,660,480.
• Net new shares to insider: 11,652 (20,766 − 9,114), based on the two reported entries.
• Footnotes: Award issued under the company’s Long-Term Incentive Program (2023 Equity Incentive Plan) and exempt from Section 16(b) per Rule 16b-3(d). Withheld shares were used to satisfy withholding tax per plan terms and exempt under Rule 16b-3(e).
• Shares owned after the transaction: not specified in the provided filing.

Context This was an equity award (A) with shares withheld for tax purposes (F), not an open-market sale or option exercise. Such withholdings to cover taxes are a routine administrative step when awards vest and do not, by themselves, indicate insider sentiment about the company.