Steel Dynamics, Inc. filed an amended current report (Form 8-K/A, Amendment No. 1) on August 18, 2026, disclosing one-time restricted stock unit awards approved by its Compensation Committee for two executives in connection with leadership transition arrangements.

Key Highlights

  • Amendment context: The filing amends a current report originally filed August 4, 2026, which concerned, among other things, Mark D. Millett's planned retirement as Chief Executive Officer effective January 1, 2027.
  • Award recipients: Barry Schneider and Christopher Graham will each receive restricted stock unit grants valued at $2,000,000.
  • Grant date: The restricted stock units are scheduled to be granted on December 15, 2026.
  • Vesting schedule: Half of each award vests on December 15, 2028, and the remaining half vests on December 15, 2029.
  • Employment condition: Vesting is subject to each recipient being currently employed by the Company at the time of vesting.
  • Approving body: The Compensation Committee of the Board of Directors approved the awards at a meeting held on August 12, 2026.

Steel Dynamics Compensation Committee Approves RSU Grants Tied to CEO Succession

According to the filing, Steel Dynamics, Inc. (NASDAQ:STLD) submitted this amendment to provide additional detail related to leadership changes first disclosed in an August 4, 2026 current report. That earlier report addressed, among other things, the planned retirement of Mark D. Millett as Chief Executive Officer, effective January 1, 2027. The amendment adds disclosure under Item 5.02 regarding compensatory arrangements for certain officers.

The filing states that at a meeting held on August 12, 2026, the Compensation Committee of the Board of Directors approved one-time transition awards for Barry Schneider and Christopher Graham. Each individual will be granted restricted stock units on December 15, 2026, in the amount of $2,000,000. The filing describes these as "one-time transition awards." According to the disclosure, half of the restricted stock units granted to each person will vest on December 15, 2028, with the remaining half vesting on December 15, 2029, in each case subject to the recipient being currently employed by the Company at the applicable vesting date.

The report was signed on August 18, 2026, by Theresa E. Wagler, Executive Vice President and Chief Financial Officer of Steel Dynamics, Inc. The company is incorporated in Indiana and maintains its principal executive offices at 7575 West Jefferson Blvd, Fort Wayne, Indiana 46804.

What Was Disclosed

Steel Dynamics disclosed one-time RSU transition awards of $2,000,000 each for Barry Schneider and Christopher Graham, approved August 12, 2026, to be granted December 15, 2026, with vesting in equal halves on December 15, 2028 and December 15, 2029, subject to continued employment.