BARGABOS SHEREE L 4

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.