Kenneth W. Cornew - Oct 16, 2023 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Role
Director
Signature
Theresa E. Wagler by Power of Attorney
Stock symbol
STLD
Transactions as of
Oct 16, 2023
Transactions value $
$0
Form type
4
Date filed
10/17/2023, 11:29 AM
Previous filing
Jul 14, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STLD Common Stock Award $0 +8 +0.02% $0.00 33.5K Oct 16, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock underlying additional deferred stock units (DSUs) issued to the reporting person as a dividend equivalent, in connection with this person's retainer as a director under the Company's 2023 Equity Incentive Plan (the "Plan"). This transaction is exempt from both the reporting requirements of Section 16(a), including Rule 16a-11, and the provisions of Section 16(b), by virtue of this dividend reinvestment feature of the Plan and the Company's existing Dividend Reinvestment Plan, as well as being exempt from Section 16(b) independently by virtue of Rule 16b-3(d)(1) and (3).
F2 Reportable as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in shares of common stock. (See Lincoln National Corp. (March 20, 1992) Q.3).
F3 Includes shares resulting from reinvestment of dividends on any underlying DSUs included in this total.