Form 4: Steel Dynamics Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Richard A. Poinsatte, Senior Vice President of Steel Dynamics Inc., reports acquisition and disposition of common stock on March 15, 2024.
Summary
- On March 15, 2024, Richard A. Poinsatte, a Senior Vice President at Steel Dynamics Inc., reported changes in beneficial ownership of the company's common stock.
- Poinsatte acquired 2,759 shares of common stock through the company's Long-Term Incentive Program at a price of $0.
- He also disposed of 1,213 shares to cover withholding tax liabilities at a price of $131.48 per share.
- Following these transactions, Poinsatte beneficially owns 26,173 shares of Steel Dynamics Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of shares through the Long-Term Incentive Program aligns the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition and disposition of shares. |
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