Form 4: Steel Dynamics SVP Christopher Graham Disposes of Shares to Cover Tax Obligations
SEC Form 4
Steel Dynamics' Senior Vice President Christopher A. Graham disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Christopher A. Graham, Senior Vice President of Steel Dynamics Inc., reported the disposition of common stock to cover taxes payable upon the vesting of previously issued restricted stock units.
- The transactions occurred on February 22, 2025, February 24, 2025 and February 25, 2025.
- A total of 959 shares were disposed of at a price of $130.71 on February 22, 2025.
- On February 24, 2025, 1,644 shares were disposed of at a price of $130.71.
- Finally, on February 25, 2025, 660 shares were disposed of at a price of $133.15.
- Following these transactions, Graham directly owns 63,190 shares of Steel Dynamics Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to insider transactions, specifically the disposition of shares to cover tax obligations upon the vesting of restricted stock units, a common practice among corporate executives.
Stakeholder Impact
- The disposition of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Disposition of 959 shares of common stock at $130.71. |
| 02/24/2025 | Disposition of 1,644 shares of common stock at $130.71. |
| 02/25/2025 | Disposition of 660 shares of common stock at $133.15; signature date of the Form 4. |
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