DOLAN TRACI M 4
4 · STEEL DYNAMICS INC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Steel Dynamics Director Traci M. Dolan Receives 712-Share Award
What Happened
Traci M. Dolan, a director of Steel Dynamics, received an award of 712 shares (reported as deferred stock units) on 2026-06-01. The grant is reported at $0.00 per share (total reported value $0) and was issued under the company's 2023 Equity Incentive Plan as director compensation. The DSUs vest in four equal installments: 1/4 on 8/31/2026, 1/4 on 11/30/2026, 1/4 on 2/28/2027 and 1/4 on 5/31/2027. Because the DSUs will be settled solely in common stock when paid, they are reported as directly owned shares rather than as a derivative.
Key Details
- Transaction date: 2026-06-01; transaction type: Award/Grant (code A)
- Price reported: $0.00; shares granted: 712 DSUs
- Shares owned after transaction: Not specified in this Form 4 filing
- Footnote: DSUs issued as director retainer under the 2023 Equity Incentive Plan; exempt from Section 16(b) per Rule 16b-3(d)(1) and (3) (see F1)
- Filing timeliness: Reported with period and filing date of 2026-06-01 (no late filing indicated)
Context
Deferred stock units are a common form of director compensation and represent future payments in shares when vested/settled; a $0 grant price reflects a compensation award (not an open-market purchase). Such awards are generally routine and do not by themselves indicate the director is buying or selling stock in the market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-01+712→ 58,868 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 a 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). The DSUs vest as follows: 1/4 on 8/31/2026, 1/4 on 11/30/2026, 1/4 on 2/28/2027 and 1/4 on 5/31/2027.