Mark D. Millett - Mar 21, 2024 Form 4 Insider Report for STEEL DYNAMICS INC (STLD)

Role
Chairman & CEO, Director
Signature
/s/ Mark D. Millett
Stock symbol
STLD
Transactions as of
Mar 21, 2024
Transactions value $
-$5,320,925
Form type
4
Date filed
3/21/2024, 03:49 PM
Previous filing
Mar 15, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STLD Common Stock Options Exercise $478K +16.4K +0.55% $29.13 2.99M Mar 21, 2024 Direct F1
transaction STLD Common Stock Disposed to Issuer -$2.34M -16.4K -0.55% $142.72 2.98M Mar 21, 2024 Direct F2
transaction STLD Common Stock Options Exercise $1.48M +34.6K +1.16% $42.83 3.01M Mar 21, 2024 Direct F1
transaction STLD Common Stock Disposed to Issuer -$4.94M -34.6K -1.15% $142.72 2.98M Mar 21, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STLD Stock Appreciation Rights Options Exercise $0 -16.4K -100% $0.00* 0 Mar 21, 2024 Common Stock 16.4K $29.13 Direct F3
transaction STLD Stock Appreciation Rights Options Exercise $0 -34.6K -100% $0.00* 0 Mar 21, 2024 Common Stock 34.6K $42.83 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deemed Acquisition of underlying shares from issuer by Reporting Person, upon exercise of stock appreciation rights granted in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(d), approved in advance by a Committee comprised solely of two or more Non-Employee directors; also exempt pursuant to Rule 16b-6(b).
F2 Deemed disposition of underlying shares by Reporting Person to issuer upon cash-settled exercise of stock appreciation rights, approved in advance by a Committee comprised solely of two or more Non-Employee directors, exempt from Section 16(b) pursuant to Rule 16b-3(d) and Rule 16b-3(e).
F3 Exempt exercise of stock appreciation rights granted in a transaction exempt from Section 16(b) pursuant to Rule 16b-3(d).