Alvarez Miguel 4

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.