TEETS RICHARD P JR 4

What Happened

• Richard P. Teets Jr., a director of Steel Dynamics (STLD), received an award of 158 deferred stock units (DSUs) on 2026-05-06. The reported acquisition price is $0.00, for a total reported cash value of $0. These DSUs were issued as part of his director retainer under the company's 2023 Equity Incentive Plan and are reported as 158 shares of common stock.

Key Details

• Transaction date: 2026-05-06 (reported on Form 4 filed 2026-05-07)
• Transaction type/code: Award/Grant (A) — 158 shares @ $0.00, total $0
• Shares owned after transaction: Not specified in the provided filing
• Footnote F1: DSUs issued as director retainer; exempt from Section 16(b) under Rule 16b-3(d)(1) & (3); reported as direct shares because they will be settled solely in common stock.
• Footnote F2: Some securities are held by the Teets Family Foundation, of which the reporting person is a member/director and over which he has voting and investment power.
• Filing timeliness: Filed the next day (not marked late)

Context

• DSUs are a form of deferred compensation for directors and are typically settled in shares at a future date; they are compensation-related awards rather than open-market purchases or sales. Such grants are routine for non-employee directors and do not necessarily indicate a bullish or bearish personal trading signal.