Steel Dynamics (STLD) Director Jennifer Hamann Receives Award

What Happened
Jennifer L. Hamann, a director of Steel Dynamics, was granted 72 deferred stock units (DSUs) on August 13, 2026. The reported acquisition price is $0 (these are compensation units, not a cash purchase), so the immediate reported value is $0. The DSUs were issued as part of her director retainer under the Company’s 2023 Equity Incentive Plan and are reportable as shares of common stock because they will be settled solely in common stock.

Key Details

• Transaction date: 2026-08-13; Filing date: 2026-08-14 (appears timely).
• Transaction type/code: Award/Grant (A). Price reported: $0; Shares acquired: 72.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: DSUs issued as director retainer under the 2023 Equity Incentive Plan; exempt from Section 16(b) under Rule 16b-3(d)(1) and (3). DSUs are reportable as direct common shares because settlement is solely in common stock.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding in this filing.

Context
DSUs are deferred compensation for directors and do not require an immediate cash outlay by the insider. Such awards are routine for non-employee directors and generally reflect compensation rather than a direct buy/sell signal about the company’s near-term outlook.