Form 4: Steel Dynamics SVP Exercises Stock Appreciation Rights
SEC Form 4 Filing
Christopher A. Graham, Senior Vice President of Steel Dynamics Inc., reports the exercise of stock appreciation rights resulting in the acquisition and disposition of common stock.
Summary
- On March 21, 2024, Christopher A. Graham, Senior Vice President of Steel Dynamics Inc., exercised stock appreciation rights.
- This involved the deemed acquisition of 3,016 shares of common stock at a price of $42.83 per share.
- Simultaneously, there was a deemed disposition of 3,016 shares at $142.72 per share due to the cash-settled exercise of the stock appreciation rights.
- Following these transactions, Graham directly owns 81,415 shares of Steel Dynamics Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's compensation and stock ownership adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Date stock appreciation rights were exercisable |
| 02/24/2031 | Expiration date of stock appreciation rights |
| 03/21/2024 | Date of transaction (exercise of stock appreciation rights) |
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