Form 4: Steel Dynamics SVP Miguel Alvarez Reports Changes in Beneficial Ownership

Senior Vice President Miguel Alvarez of Steel Dynamics Inc. reports acquisition and disposition of common stock on March 14, 2025.

Summary

• Miguel Alvarez, a Senior Vice President at Steel Dynamics Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On March 14, 2025, Alvarez acquired 27,733 shares of common stock at $0, and disposed of 12,185 shares at $119.4.
• Following these transactions, Alvarez directly owns 132,814 shares of Steel Dynamics Inc.
• The acquisition was related to shares awarded under the company's Long-Term Incentive Program.
• The disposition was due to shares withheld by the issuer to cover Alvarez's withholding tax liability related to the equity security receipt or vesting.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions.

Positives

• The acquisition of shares under the Long-Term Incentive Program suggests a continued alignment of management's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Key Dates