4/A: Steel Dynamics Inc. Executive Corrects Stock Gift Transaction Date in Amended SEC Filing

A Steel Dynamics Inc. executive, Miguel Alvarez, amended a previous SEC filing to correct the date of a 1,350 share gift transaction.

Summary

• Miguel Alvarez, a Senior Vice President at Steel Dynamics Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the transaction date of a gift of 1,350 shares of common stock.
• The original filing incorrectly stated the gift occurred on November 19, 2024.
• The corrected filing shows the gift was actually completed on November 26, 2024.
• This correction impacts the reported amount of securities beneficially owned by Mr. Alvarez.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. The correction is a normal part of regulatory compliance.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by company insiders, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The correction of a transaction date is not uncommon and highlights the importance of accurate reporting.
• Similar filings are made by executives at companies like Nucor (NUE) and Cleveland-Cliffs (CLF), which are also in the steel industry.

Stakeholder Impact

• The correction of the transaction date ensures accurate information for shareholders and the public.
• This filing has a minor impact on stakeholders as it is a correction of a previous filing.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Stock Gift, Steel Dynamics Inc., STLD, Miguel Alvarez, Amendment