Alvarez Miguel 4
4 · STEEL DYNAMICS INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) SVP Miguel Alvarez Sells 4,825 Shares
What Happened
- Miguel Alvarez, Senior Vice President of Steel Dynamics, sold a total of 4,825 shares of STLD in open-market transactions on April 23, 2026. The three reported dispositions were: 3,825 shares at a weighted average price of $225.11 ($861,046), 300 shares at $226.36 ($67,908), and 700 shares at $227.82 ($159,474). Combined proceeds were approximately $1,088,428.
- These were outright sales (transaction code S), which are typically routine dispositions rather than new purchases or option exercises.
Key Details
- Transaction date: 2026-04-23; Form filed: 2026-04-24 (timely filing).
- Reported prices (weighted averages): $225.11, $226.36, $227.82. Total shares sold: 4,825; total proceeds ≈ $1,088,428.
- Shares owned after transaction: Not specified in the provided filing data.
- Footnotes: Each line’s price is a weighted average covering multiple trade prices:
- F1: 3,825 shares sold across prices $225.00–$225.53.
- F2: 300 shares sold across prices $226.13–$226.81.
- F3: 700 shares sold across prices $227.57–$228.38.
- The filer offers to provide per-price trade breakdowns on request to the company, shareholders, or the SEC staff.
- Transaction type: S = Sale (open-market/private sale).
Context
- Sales by executives can reflect many reasons (diversification, liquidity needs, scheduled plans) and are not, by themselves, a clear signal of company outlook. Purchases generally carry more interpretive weight for bullish insider sentiment.
Insider Transaction Report
Form 4
Alvarez Miguel
Senior Vice President
Transactions
- Sale
Common Stock
[F1]2026-04-23$225.11/sh−3,825$861,046→ 123,257 total - Sale
Common Stock
[F2]2026-04-23$226.36/sh−300$67,908→ 122,957 total - Sale
Common Stock
[F3]2026-04-23$227.82/sh−700$159,474→ 122,257 total
Footnotes (3)
- [F1]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.00 to $225.53, 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 $226.13 to $226.81, 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.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.57 to $228.38, 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 (3) to this Form 4.
Signature
/s/ Miguel Alvarez|2026-04-24