Form 4: STLD SVP Glenn Pushis Reports Stock Transactions

Steel Dynamics Senior Vice President Glenn Pushis reported the acquisition of restricted stock and subsequent dispositions to cover tax obligations.

Summary

• Senior Vice President Glenn Pushis acquired 341 shares of Steel Dynamics Common Stock as a restricted stock grant on November 21, 2025, with no consideration.
• The acquired shares are subject to a two-year holding period.
• On the same date, Pushis disposed of 149 shares at $153.11 to cover taxes related to the restricted stock grant.
• Additionally, 205 shares were disposed of at $153.11 to cover taxes upon the vesting of previously issued restricted stock units.
• Another 159 shares were disposed of at $153.11 at a price of $153.11 to cover taxes for restricted shares issued due to age, which are subject to an additional one-year holding period.
• Following these transactions, Pushis beneficially owns 141,178 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: A Form 4 filing reports routine insider transactions and typically does not carry significant positive or negative sentiment unless the transactions are unusually large or indicative of a major shift in insider confidence. These transactions appear to be routine compensation and tax-related dispositions.

Future Outlook

No specific forward-looking statements or guidance were provided.

Industry Context

This is a routine insider transaction report, which typically does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal direct impact from these routine compensation and tax-related transactions.
• Employees: The grant of restricted stock is a form of compensation, which can positively impact employee retention and motivation for the reporting person.

Next Steps

• The 341 shares of restricted stock are subject to a two-year holding period.
• The restricted shares issued due to age (for which 159 shares were disposed for tax) are subject to an additional one-year holding period.

Key Dates

Keywords

Steel Dynamics, STLD, Glenn Pushis, Form 4, Insider Transaction, Restricted Stock, Stock Grant, Tax Withholding, Beneficial Ownership