Director Jennifer L. Hamann filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 79 deferred stock units in Steel Dynamics Inc. on November 5, 2026, in connection with her director retainer.

Key Highlights

  • Reporting person: Jennifer L. Hamann, Director at Steel Dynamics Inc. (NASDAQ:STLD)
  • Transaction date: November 5, 2026
  • Securities acquired: 79 deferred stock units (DSUs), classified as common stock, acquired at $0 per unit
  • Post-transaction ownership: 5,473 shares of common stock beneficially owned directly following the transaction
  • Issued under: the Company's 2023 Equity Incentive Plan as part of the director retainer
  • Transaction code: A (acquisition), reported as exempt from Section 16(b) under Rule 16b-3(d)(1) and (3)

Steel Dynamics Director Hamann Acquires Retainer DSUs Under 2023 Equity Plan

According to the filing, Jennifer L. Hamann, a director of Steel Dynamics Inc. (NASDAQ:STLD), acquired 79 deferred stock units on November 5, 2026, at a price of $0 per unit. The units were issued in connection with her director retainer under the company's 2023 Equity Incentive Plan. The filing notes that the transaction is exempt from Section 16(b) by virtue of Rule 16b-3(d)(1) and (3).

The filing reports these DSUs as directly owned shares of common stock rather than as derivative securities in Table II. According to the explanation of responses, this classification applies because "any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock," citing Lincoln National Corp. (March 20, 1992) (Q.3). Following the reported transaction, Hamann's total direct beneficial ownership stands at 5,473 shares of Steel Dynamics common stock.

The Form 4 was signed by Theresa E. Wagler by Power of Attorney and filed on November 6, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Steel Dynamics director Jennifer L. Hamann disclosed the acquisition of 79 DSUs at $0 on November 5, 2026, under the company's 2023 Equity Incentive Plan as part of her director retainer, bringing her direct beneficial ownership to 5,473 shares.