BARGABOS SHEREE L 4

What Happened Sheree L. Bargabos, a director of Steel Dynamics (STLD), was granted 712 deferred stock units (DSUs) on 2026-06-01 as part of her director retainer under the company's 2023 Equity Incentive Plan. The DSUs were recorded at $0.00 cash consideration (total $0) and are reported as directly owned shares of common stock because they will be settled solely in common stock when paid.

Key Details

• Transaction date: 2026-06-01 — Grant (code A) of 712 DSUs at $0.00 (total $0).
• Vesting schedule: 1/4 vests on 8/31/2026, 1/4 on 11/30/2026, 1/4 on 2/28/2027, and 1/4 on 5/31/2027.
• Legal/filing notes: DSUs are exempt from Section 16(b) under Rule 16b-3(d)(1) and (3); reported as direct common stock (not a derivative) because settlement will be solely in common stock.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing timeliness: Form filed 2026-06-01 for the 2026-06-01 transaction; no late filing indicated.

Context DSUs are a common form of non-cash director compensation and represent a future right to receive company shares; they do not reflect an open-market purchase or sale. Because these units vest over time and will be settled in common stock, they are reported here as directly owned shares rather than derivative instruments. As with typical awards, this is routine compensation and should not be interpreted as an immediate buy or sell signal.