Hamann Jennifer L 4

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.