Form 4: Steel Dynamics SVP Sells Shares for Tax Obligations

Steel Dynamics Senior Vice President Christopher A. Graham disposed of common stock to cover tax liabilities related to the vesting of restricted stock units.

Summary

• Christopher A. Graham, Senior Vice President of Steel Dynamics Inc. (STLD), reported transactions involving the disposition of common stock.
• The transactions occurred on February 23, 2026, and February 24, 2026.
• A total of 3,556 shares of common stock were disposed of across three separate transactions (956 shares, 958 shares, and 1,642 shares).
• The shares were disposed of at prices of $193.39 and $196.01 per share.
• These dispositions were made to cover taxes payable upon the vesting of previously issued restricted stock units, exempt pursuant to Rule 16b-3.
• Following these transactions, Mr. Graham beneficially owns 68,500 shares of Steel Dynamics common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares to cover tax obligations upon RSU vesting is a routine administrative transaction and does not indicate a change in management's sentiment or the company's operational performance.

Industry Context

StockSavvy.ai notes that dispositions of shares by executives to cover tax obligations upon the vesting of restricted stock units are a common and routine occurrence in executive compensation plans across all industries. These transactions are typically non-discretionary and do not reflect a change in the executive's outlook on the company's future performance.

Key Dates

Keywords

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