Form 4: Steel Dynamics SVP Sells Shares for Tax Obligations

Steel Dynamics Senior Vice President Glenn Pushis disposed of 7,370 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Glenn Pushis, Senior Vice President of Steel Dynamics Inc. (STLD), reported transactions on January 9, 2026.
• The transactions involved the disposition of 7,370 shares of common stock.
• These dispositions were made to the issuer to cover taxes payable upon the vesting of previously issued and reported restricted stock units.
• The shares were disposed of at a price of $172.16 per share.
• Following these transactions, Glenn Pushis beneficially owns 133,008 shares of Steel Dynamics common stock directly.
• The transactions are exempt pursuant to Rule 16b-3, indicating they are routine compensation-related events.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a routine disposition of shares to cover tax obligations upon vesting of restricted stock units, which is a common practice for executives and does not indicate a change in company fundamentals or executive sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This transaction is a routine insider filing related to executive compensation and tax obligations, which is a common occurrence across all publicly traded companies when restricted stock units vest. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary sale to cover tax liabilities, not a discretionary sale indicating a change in executive confidence or company prospects.

Key Dates

Keywords

Steel Dynamics, STLD, Form 4, Insider Transaction, Stock Sale, Glenn Pushis, Restricted Stock Units, Tax Obligations, Executive Compensation