Poinsatte Richard A 4
Research Summary
AI-generated summary
Steel Dynamics SVP Richard Poinsatte Receives 6,253-Share Award
What Happened
- Richard A. Poinsatte, Senior Vice President of Steel Dynamics, received an award of 6,253 shares on 2026-03-13 (acquired at $0.00). To cover withholding tax related to the award/vesting, 2,744 shares were surrendered to the issuer on the same date at $182.19 per share (proceeds of approximately $499,929).
Key Details
- Date: 2026-03-13
- Award: 6,253 shares (code A) — acquisition reported at $0.00 per share
- Withholding: 2,744 shares (code F) withheld/disposed at $182.19 per share; total value ≈ $499,929
- Post-transaction holdings: not specified in the provided filing excerpt
- Footnotes: F1 notes the award was granted under the company’s 2023 Equity Incentive Plan via the Compensation Committee; F2 notes the withheld shares were surrendered to the issuer to satisfy the reporting person’s tax withholding obligation
- Filing timeliness: filing date equals transaction date (2026-03-13); no late filing indicated in provided data
Context
- This was a compensation vesting/award event with routine tax withholding — common for equity awards and not the same as an open-market buy or sell. The withholding (disposal) is a standard mechanism to cover taxes and should not be interpreted on its own as a signal of insider sentiment. The award is reported as exempt from Section 16(b) per the cited plan/rules.