Hamann Jennifer L 4

4 · STEEL DYNAMICS INC · Filed Jul 14, 2026

AI-generated summary of this filing

Updated Jul 14, 2026

Steel Dynamics (STLD) Director Jennifer Hamann Receives Award

What Happened

Jennifer L. Hamann, a director of Steel Dynamics, was issued 18 shares (reported as an acquisition, code A) on 2026-07-10. The filing shows an acquisition price of $0 because these shares represent deferred stock units (DSUs) issued as dividend equivalents under the company's 2023 Equity Incentive Plan and dividend reinvestment arrangements.

Key Details

Transaction date: 2026-07-10; Filing date: 2026-07-14.
Transaction type/code: Award/Acquisition (A); 18 shares; reported acquisition price $0.
Shares owned after transaction: Not specified in the provided report.
Footnotes: F1 states these are DSUs issued as dividend equivalents and that the transaction is exempt from Section 16(a) reporting requirements and Section 16(b) by virtue of the Plan and the Company’s Dividend Reinvestment Plan and Rule 16b-3(d)(1) & (3). F2 notes the DSUs are payable solely in shares and thus are reported as direct common stock. F3 notes the total includes reinvested dividends on underlying DSUs.
Timeliness: Form filed 4 days after the transaction (check: filing lists exemption from Section 16(a) reporting).

Context

These DSUs are a form of director compensation/dividend reinvestment (not a cash purchase) and are typically routine. Because they are dividend-equivalent awards payable in shares, they’re reported as direct shares rather than derivatives and do not imply an immediate market buy or sell. The small size (18 shares) suggests a routine grant rather than a material insider market signal.

Form 4

Period: 2026-07-10

Director

Transactions

Footnotes (3)

[F1]Represents the number of shares of common stock underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent, in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan (the "Plan"). This transaction is exempt from both the reporting requirements of Section 16(a), including Rule 16a-11, and the provisions of Section 16(b), by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan, as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3).
[F2]Reportable 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 shares of common stock. (See Lincoln National Corp. (March 20, 1992) Q.3).
[F3]Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.

Signature

/s/ Theresa E. Wagler by Power of Attorney|2026-07-14

1 file