Cornew Kenneth W. 4
4 · STEEL DYNAMICS INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) Director Kenneth Cornew Sells Shares
What Happened Kenneth W. Cornew, a director of Steel Dynamics, sold a total of 5,000 shares in open-market transactions on April 23, 2026. The filings show two aggregated sales: 4,800 shares at a weighted-average price of $224.85 (proceeds $1,079,280) and 200 shares at a weighted-average price of $225.39 (proceeds $45,078), for total gross proceeds of about $1,124,358. This was a sale (insider disposition), which is often routine liquidity rather than an explicit statement about company prospects.
Key Details
- Transaction date: April 23, 2026 (Form 4 filed April 24, 2026). Transaction code: S (sale).
- Shares sold: 4,800 @ $224.85 (weighted avg) = $1,079,280; 200 @ $225.39 (weighted avg) = $45,078. Total ≈ $1,124,358.
- Reported price ranges (per footnotes): the 4,800-share batch traded between $224.36 and $225.29; the 200-share batch traded between $225.37 and $225.41. The weighted averages reflect multiple transactions; the reporting person can provide a per-trade breakdown on request.
- Shares owned after the transaction: not provided in the summary data here — see the full Form 4 for post-transaction holdings.
- Filing timeliness: Form 4 was filed the day after the trades (filed 2026-04-24 for transactions on 2026-04-23), consistent with normal reporting timing.
Context Sales by directors are common for diversification or personal liquidity and do not by themselves indicate a change in the company’s fundamentals. Retail investors should consider insider activity alongside other factors (company results, valuation, industry trends) before drawing conclusions.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-23$224.85/sh−4,800$1,079,280→ 31,499 total - Sale
Common Stock
[F2]2026-04-23$225.39/sh−200$45,078→ 31,299 total
Footnotes (2)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.36 to $225.29, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.37 to $225.41, inclusive. The reporting person undertakes to provide to Steel Dynamics, Inc., any securityholder of Steel Dynamics, Inc. or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.