Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STLD | Common Stock | Gift | $0 | +12K | +0.43% | $0.00 | 2.82M | Apr 4, 2022 | Direct | |
transaction | STLD | Common Stock | Gift | $0 | -12K | -9.18% | $0.00 | 119K | Apr 4, 2022 | By grantor retained annuity trust | F1 |
Id | Content |
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F1 | On March 24, 2020, the reporting person contributed 150,000 shares of Steel Dynamics, Inc. common stock to a grantor retained annuity trust (GRAT), of which he is the sole trustee and annuitant, constituting a mere change in the form of beneficial ownership, exempt from both the reporting requirements of Section 16(a) and the short-swing profit recovery provisions of Section 16(b) by reason of Rule 16a-13, and entitled to deferred reporting on year-end Form 5. On April 4, 2022, the reporting person, as sole trustee and annuitant under the GRAT, received 12,000 shares of Steel Dynamics, Inc. common stock in partial satisfaction of the GRAT's continuing annuity obligation, constituting a mere change of beneficiary ownership, exempt from both the reporting requirements and short-swing profits provision pursuant to SEC Rule 16a-13. This report is voluntarily made. |