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STEEL DYNAMICS INC — Director's Dealing 2021
Feb 26, 2021
30310_dirs_2021-02-26_aa2171a0-bd0b-401c-8b10-2ef852b21617.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2021-02-24
Reporting Person: MILLETT MARK D (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-24 | Stock Appreciation Rights | $42.83 | A | 77828 | Acquired | 2031-02-24 | Common Stock (77828) | Direct |
Footnotes
F1: Stock Appreciation Rights (SAR) Award Agreement approved on February 24, 2021, by Compensation Committee of the Company's Board of Directors, consisting of five non-employee independent diretors exempt pursuant to Rule 16b-3d.
F2: Reflects the fair market value of underlying common stock on the grant date.
F3: One-third (25,943) of the SARs are exercisable on or after 2/24/22, an additional 2,162 of the SARs become exercisable each month for the next 23 months and the balance of 2,159 become exercisable on 2/24/24. The SARs award expires on 2/24/2031.