BARGABOS SHEREE L 4
4 · STEEL DYNAMICS INC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics (STLD) Director Sheree Bargabos Receives 158-Share Award
What Happened
Sheree L. Bargabos, a director of Steel Dynamics, was granted 158 shares on 2026-05-06 as an award (recorded at $0.00 per share). The award was issued as deferred stock units (DSUs) under the company’s 2023 Equity Incentive Plan as part of her director retainer. This is a compensatory grant (not an open-market purchase or sale) and does not reflect an immediate cash transaction.
Key Details
- Transaction date: 2026-05-06; Form filed: 2026-05-07 (timely filing).
- Transaction type/code: A — Grant/Award; reported price: $0.00; shares acquired: 158.
- Shares owned after transaction: not specified in the filing.
- Footnote: DSUs issued as a director retainer, exempt from Section 16(b) under Rule 16b-3(d)(1) and (3). DSUs are reportable as direct common stock because they will be settled solely in shares (per cited precedent).
- Implication: exempt from short-swing profit liability; treated as deferred compensation rather than a market trade.
Context
Deferred stock units are a form of compensation that convert to common shares when settled and generally do not signal immediate insider buying or selling intent. The $0.00 amount on the Form 4 reflects the nature of the award reporting; the actual economic value will depend on the stock price when the DSUs are paid out.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-06+158→ 26,350 total
Footnotes (1)
- [F1]Issued as deferred stock units (DSUs) in connection with reporting person's retainer, as a director, under the Company's 2023 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3). These DSUs are reportable, however, as directly owned shares of common stock, rather than as derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3)