TEETS RICHARD P JR 4

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.