Form 4: Steel Dynamics Executive Theresa Wagler Reports Acquisition and Disposal of Shares

Theresa Wagler, Executive Vice President & CFO of Steel Dynamics Inc., reports acquiring shares through a long-term incentive program and disposing of shares to cover withholding tax liability.

Summary

• Theresa Wagler, Executive Vice President & CFO of Steel Dynamics Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 15, 2024, Wagler acquired 43,624 shares of common stock through a long-term incentive program at $0.
• On the same day, Wagler disposed of 19,190 shares to cover withholding tax liability at a price of $131.48 per share.
• Following these transactions, Wagler directly owns 460,882 shares of Steel Dynamics Inc.
• The acquisition was made under the company's 2023 Equity Incentive Plan and is exempt from Section 16(b) of the Exchange Act.
• The disposal was to cover withholding tax liability and is also exempt from Section 16(b) of the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions are related to compensation and tax obligations, indicating a neutral sentiment.

Positives

• The acquisition of shares through the long-term incentive program aligns Wagler's interests with those of the company and its shareholders.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates