Hamann Jennifer L 4
4 · STEEL DYNAMICS INC · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) Director Jennifer Hamann Receives 16 Shares
What Happened
Jennifer L. Hamann, a director of Steel Dynamics (STLD), was issued 16 shares (reported as an acquisition/award) on 2026-04-10. The filing records the shares at $0.00 (total $0) because these were dividend-equivalent deferred stock units (DSUs) credited under the company's 2023 Equity Incentive Plan and dividend reinvestment arrangements. The Form 4 was filed on 2026-04-13 reporting the 4/10/2026 transaction.
Key Details
- Transaction date: 2026-04-10; Filing date: 2026-04-13.
- Transaction type/code: Award/Grant (A) — 16 shares @ $0.00 (acquired).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: These 16 shares represent common stock underlying additional DSUs issued as dividend equivalents; exempt from Section 16(a) and Section 16(b) reporting as described.
- F2: Reported as directly owned shares because the DSUs are payable solely in common stock.
- F3: Total includes any reinvested dividends on underlying DSUs.
- No indication in the filing that this was a late report.
Context
These shares were granted as dividend-equivalent DSUs tied to director compensation and dividend reinvestment — a routine, non-cash award rather than an open-market purchase or sale. Such DSU issuances are common for director retainers and do not by themselves signal a trading decision. The filing notes regulatory exemptions related to dividend reinvestment and Rule 16b-3.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-04-10+16→ 4,495 total
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.