Form 4: Steel Dynamics Executive Vice President Wagler Reports Stock Disposals for Tax Obligations

Theresa E. Wagler, Executive Vice President & CFO of Steel Dynamics Inc., reports disposals of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Theresa E. Wagler, Executive Vice President & CFO of Steel Dynamics Inc. (STLD), filed a Form 4 on February 25, 2025, reporting changes in beneficial ownership.
• The report details the disposal of Steel Dynamics common stock to cover taxes payable upon the vesting of previously issued restricted stock units.
• Wagler disposed of 1,359 shares on February 22, 2025, 2,192 shares on February 24, 2025, and 1,437 shares on February 25, 2025, all at prices of $130.71, $130.71 and $133.15 respectively.
• Following these transactions, Wagler beneficially owns 462,261 shares of Steel Dynamics common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock disposals for tax purposes, and does not indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the company's fundamentals.

Key Dates