Form 4: Steel Dynamics SVP Glenn Pushis Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Glenn Pushis, Senior Vice President of Steel Dynamics, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Glenn Pushis, a Senior Vice President at Steel Dynamics Inc. (STLD), reported changes in beneficial ownership.
- On February 22, 2025, 959 shares of common stock were disposed of at a price of $130.71 to cover taxes.
- On February 24, 2025, 1,644 shares of common stock were disposed of at a price of $130.71 to cover taxes.
- On February 25, 2025, 660 shares of common stock were disposed of at a price of $133.15 to cover taxes.
- Following these transactions, Pushis directly owns 124,711 shares of Steel Dynamics common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine tax-related stock disposals, not indicative of a change in the company's fundamentals or management's confidence.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely monitored by investors for signals about a company's prospects. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | 959 shares of common stock disposed of to cover taxes at $130.71 per share. |
| 02/24/2025 | 1,644 shares of common stock disposed of to cover taxes at $130.71 per share. |
| 02/25/2025 | 660 shares of common stock disposed of to cover taxes at $133.15 per share. |
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