TEETS RICHARD P JR 4

4 · STEEL DYNAMICS INC · Filed Apr 13, 2026

AI-generated summary of this filing

Updated Apr 13, 2026

Steel Dynamics (STLD) Director Richard P. Teets Jr Receives Award

What Happened

Richard P. Teets Jr, a director of Steel Dynamics (STLD), was credited with 9 shares on 2026-04-10 as an award/acquisition (dividend-equivalent deferred stock units). The filing reports the acquisition price as $0 — these shares result from DSU dividend reinvestment tied to his director retainer.

Key Details

Transaction date: 2026-04-10; Form 4 filed: 2026-04-13 (filed within the normal Form 4 window).
Shares acquired: 9 shares; reported acquisition price: $0.00.
Shares owned after transaction: not specified in this filing.
Footnotes: transaction represents shares underlying additional DSUs issued as dividend equivalents under the company's 2023 Equity Incentive Plan; the issuance is exempt from Section 16(a) and 16(b) reporting by virtue of the plan/dividend reinvestment and Rule 16b-3(d)(1) & (3). DSUs here are payable solely in common stock, so they are reported as direct shares.
No indication of a 10b5-1 plan, sale, option exercise, or tax-withholding sale in this report.

Context

This is a small, non-cash director compensation event (dividend-equivalent DSU issuance), not an open-market purchase or sale. Such dividend-equivalent DSU credits are routine for directors and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-04-10

Director

Transactions

Holdings

Footnotes (4)

[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.
[F4]Represents securities held by the Teets Family Foundation, a charitable foundation of which the reporting person is a member and director. The reporting person has voting and investment power over all securities owned by the foundation.

Signature

/s/ Richard P. Teets, Jr.|2026-04-13

1 file