BARGABOS SHEREE L 4

4 · STEEL DYNAMICS INC · Filed Apr 13, 2026

AI-generated summary of this filing

Updated Apr 13, 2026

Steel Dynamics (STLD) Director Sheree Bargabos Receives 58-Share Award

What Happened

Director Sheree L. Bargabos received an award of 58 shares (recorded as 58 DSUs) on 2026-04-10 under Steel Dynamics' 2023 Equity Incentive Plan. The transaction is reported at $0.00 per share (total $0) and is coded as an award/grant (A). These DSUs represent dividend-equivalent units that will be settled solely in common stock when paid.

Key Details

Transaction date: 2026-04-10; Form 4 filed: 2026-04-13 (filing appears timely).
Shares acquired: 58 DSUs; reported price: $0.00; recorded value: $0.
Transaction type/code: Award/Grant (A); recorded as direct shares (not a derivative) because DSUs are payable only in common stock (see footnote F2).
Footnotes: F1/F3 — DSUs were issued as dividend equivalents in connection with director retainer and include reinvested dividends; F1 notes exemption from certain Section 16(a) and 16(b) provisions due to the dividend reinvestment feature and Rule 16b-3(d)(1) & (3).
Shares owned after the transaction: not specified in the provided summary—see the full Form 4 for total holdings.

Context

This was an award of deferred stock units (DSUs), not an open-market buy or a sale. DSUs are typically deferred compensation that will convert to actual shares when settled; such awards are routine for non-employee directors and do not by themselves indicate a buy/sell signal.

Form 4

Period: 2026-04-10

Director

Transactions

Footnotes (3)

[F1]Represents the number of shares of common stock underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent, in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan (the "Plan"). This transaction is exempt from both the reporting requirements of Section 16(a), including Rule 16a-11, and the provisions of Section 16(b), by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan, as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3).
[F2]Reportable as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in shares of common stock. (See Lincoln National Corp. (March 20, 1992) Q.3).
[F3]Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.

Signature

/s/ Theresa E. Wagler by Power of Attorney|2026-04-13

1 file