Anderson James Stanley 4

What Happened
Anderson James Stanley, Senior Vice President of Steel Dynamics (STLD), was granted 14,738 shares as an award on 2026-03-13 (code A, acquisition at $0.00). On the same date, 6,468 shares were withheld by the company to satisfy the reporting person's tax withholding obligation (code F) at $182.19 per share, generating proceeds/value of $1,178,405. The award is part of the company’s Long-Term Incentive Program.

Key Details

• Transaction date: 2026-03-13.
• Award: 14,738 shares granted (acquisition price reported as $0.00).
• Withholding: 6,468 shares withheld at $182.19 per share = $1,178,405 (used to cover taxes).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • Award granted under the 2023 Equity Incentive Plan / LTIP (exempt from short-swing rule under Rule 16b‑3(d)).
  • Withholding was done by the issuer to pay taxes and is either committee-approved or plan‑mandated (exempt under Rule 16b‑3(e)).
• Filing timeliness: Filed with the SEC on 2026-03-13 for transactions dated 2026-03-13 (no late filing indicated).

Context

• This was an equity award with shares withheld to cover tax liability, not an open-market sale — withholding is a common, administrative disposition (code F).
• The award/withholding are treated as exempt routine transactions under Rule 16b‑3, so they are not subject to short-swing profit recovery.
• No indication of a voluntary sale or a 10% owner transaction; this is standard executive compensation activity.