Form 4: Steel Dynamics SVP Miguel Alvarez Reports Stock Transactions
SEC Form 4 Filing
Miguel Alvarez, Senior Vice President of Steel Dynamics Inc., reports the exercise of stock appreciation rights and subsequent disposition of shares.
Summary
- On April 30, 2024, Miguel Alvarez, a Senior Vice President at Steel Dynamics Inc. (STLD), exercised stock appreciation rights.
- This involved the acquisition of 3,269 shares at $29.13 and the disposition of 3,269 shares at $135.07.
- Additionally, Alvarez acquired 6,913 shares at $42.83 and disposed of 6,913 shares at $135.07.
- Following these transactions, Alvarez directly owns 123,599 shares of Steel Dynamics Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/20/2021 | Grant date of stock appreciation rights that expired on 02/20/2030 |
| 02/24/2022 | Grant date of stock appreciation rights that expired on 02/24/2031 |
| 04/30/2024 | Date of stock appreciation rights exercise and share transactions |
| 05/01/2024 | Date of Form 4 filing |
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