Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STLD | Common Stock | Gift | $0 | +8.9K | +0.31% | $0.00 | 2.9M | Mar 31, 2023 | Direct | |
transaction | STLD | Common Stock | Gift | $0 | -8.9K | -7.5% | $0.00 | 110K | Mar 31, 2023 | By grantor retained annuity trust | F1 |
Id | Content |
---|---|
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. On March 31, 2023, the reporting person, as sole trustee and annuitant under the GRAT, received 8,900 shares of Steel Dynamics, Inc. common stock in satisfaction of the GRAT's 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. |