What the executives and directors of Steel Dynamics actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| TEETS RICHARD P JR | Director | 5.1M | — | — |
| MILLETT MARK D Chairman and CEO | CEO | 3M | — | — |
| Wagler Theresa E Executive Vice President & CFO | CFO | 504.2K | — | — |
| SCHNEIDER BARRY President and COO | COO | 258.1K | — | — |
| Pushis Glenn Senior Vice President | Officer | 140K | — | — |
| Alvarez Miguel Senior Vice President | Officer | 123.3K | — | $2.4M |
| Anderson James Stanley Senior Vice President | Officer | 111.7K | — | $2.7M |
| Shaheen Gabriel | Director | 82.5K | — | — |
| Graham Christopher A Senior Vice President | Officer | 74.7K | — | $2.1M |
| MARCUCCILLI JAMES C | Director | 62K | — | — |
| DOLAN TRACI M | Director | 59K | — | — |
| Seaman Bradley S | Director | 51.6K | — | — |
| Cornew Kenneth W. | Director | 32K | — | $1.1M |
| Poinsatte Richard A Senior Vice President | Officer | 28.4K | — | $538K |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-05 | Anderson James Stanley (Officer) | Discretionary sale | 322 | $269.93 | $87K |
| 2026-06-05 | Anderson James Stanley (Officer) | Discretionary sale | 1,100 | $267.35 | $294K |
| 2026-06-05 | Anderson James Stanley (Officer) | Discretionary sale | 4,177 | $268.42 | $1.1M |
| 2026-06-05 | Anderson James Stanley (Officer) | Discretionary sale | 4,401 | $269.22 | $1.2M |
| 2026-05-13 | Graham Christopher A (Officer) | Discretionary sale | 2,999 | $236.52 | $709K |
| 2026-05-13 | Graham Christopher A (Officer) | Discretionary sale | 3,000 | $237.01 | $711K |
| 2026-05-13 | Graham Christopher A (Officer) | Discretionary sale | 3,001 | $236.90 | $711K |
| 2026-05-12 | Poinsatte Richard A (Officer) | Discretionary sale | 2,300 | $234.11 | $538K |
| 2026-04-23 | Cornew Kenneth W. (Director) | Discretionary sale | 200 | $225.39 | $45K |
| 2026-04-23 | Cornew Kenneth W. (Director) | Discretionary sale | 4,800 | $224.85 | $1.1M |
| 2026-04-23 | Alvarez Miguel (Officer) | Discretionary sale | 300 | $226.36 | $68K |
| 2026-04-23 | Alvarez Miguel (Officer) | Discretionary sale | 700 | $227.82 | $159K |
| 2026-04-23 | Alvarez Miguel (Officer) | Discretionary sale | 3,825 | $225.11 | $861K |
| 2025-10-29 | Alvarez Miguel (Officer) | Discretionary sale | 8,251 | $162.79 | $1.3M |
| 2025-07-30 | Graham Christopher A (Officer) | Discretionary sale | 5,999 | $126.57 | $759K |
| 2025-07-30 | Graham Christopher A (Officer) | Discretionary sale | 6,001 | $126.84 | $761K |
| 2025-06-06 | Shaheen Gabriel (Director) | Discretionary sale | 1,254 | $134.11 | $168K |
| 2025-05-20 | Alvarez Miguel (Officer) | Discretionary sale | 7,495 | $135.26 | $1M |
| 2025-02-11 | Pushis Glenn (Officer) | Discretionary sale | 23.6K | $134.67 | $3.2M |
| 2024-11-15 | Poinsatte Richard A (Officer) | Discretionary sale | 2,000 | $138.75 | $278K |
| 2024-11-13 | Alvarez Miguel (Officer) | Discretionary sale | 6,650 | $143.00 | $951K |
| 2024-10-28 | Bickford Chad (Officer) | Discretionary sale | 2,000 | $134.86 | $270K |
| 2024-10-22 | Anderson James Stanley (Officer) | Discretionary sale | 2,500 | $130.13 | $325K |
| 2024-10-22 | Anderson James Stanley (Officer) | Discretionary sale | 7,500 | $129.35 | $970K |
| 2024-10-21 | Pushis Glenn (Officer) | Discretionary sale | 5,327 | $133.21 | $710K |
| 2024-10-21 | Pushis Glenn (Officer) | Discretionary sale | 5,647 | $132.95 | $751K |
| 2024-10-21 | Pushis Glenn (Officer) | Discretionary sale | 6,967 | $133.12 | $927K |
| 2024-09-19 | Poinsatte Richard A (Officer) | Discretionary sale | 1,800 | $118.33 | $213K |
| 2024-07-30 | Shaheen Gabriel (Director) | Discretionary sale | 1,825 | $129.78 | $237K |
| 2024-05-15 | Graham Christopher A (Officer) | Discretionary sale | 6,999 | $136.73 | $957K |
| 2024-05-15 | Graham Christopher A (Officer) | Discretionary sale | 7,000 | $136.89 | $958K |
| 2024-05-15 | Graham Christopher A (Officer) | Discretionary sale | 7,001 | $136.81 | $958K |
| 2024-02-06 | Shaheen Gabriel (Director) | Discretionary sale | 2,346 | $120.09 | $282K |
| 2023-12-19 | Pushis Glenn (Officer) | Discretionary sale | 12.1K | $123.06 | $1.5M |
| 2023-12-19 | MARCUCCILLI JAMES C (Director) | Discretionary sale | 12.7K | $122.18 | $1.6M |
| 2023-12-19 | MARCUCCILLI JAMES C (Director) | Discretionary sale | 12.7K | $122.67 | $1.6M |
| 2023-11-07 | Seaman Bradley S (Director) | Discretionary sale | 4,717 | $109.72 | $518K |
| 2023-08-15 | Graham Christopher A (Officer) | Discretionary sale | 15K | $104.93 | $1.6M |
| 2023-08-15 | Graham Christopher A (Officer) | Discretionary sale | 16K | $105.11 | $1.7M |
| 2023-08-15 | Graham Christopher A (Officer) | Discretionary sale | 17K | $105.03 | $1.8M |
| 2023-07-31 | Shaheen Gabriel (Director) | Discretionary sale | 1,717 | $105.80 | $182K |
| 2022-12-02 | MARCUCCILLI JAMES C (Director) | Discretionary sale | 2,500 | $108.90 | $272K |
| 2022-10-25 | BUSSE KEITH E (Director) | Discretionary sale | 100 | $95.52 | $10K |
| 2022-10-25 | BUSSE KEITH E (Director) | Discretionary sale | 144 | $95.49 | $14K |
| 2022-10-24 | BUSSE KEITH E (Director) | Discretionary sale | 22.1K | $96.33 | $2.1M |
| 2022-06-03 | BUSSE KEITH E (Director) | Discretionary sale | 5,040 | $83.51 | $421K |
| 2022-06-03 | Graham Christopher A (Officer) | Discretionary sale | 12K | $83.20 | $998K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 25 | $73.12 | $2K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 100 | $73.01 | $7K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 200 | $73.04 | $15K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 275 | $73.10 | $20K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 300 | $73.02 | $22K |
| 2022-03-10 | BUSSE KEITH E (Director) | Discretionary sale | 4,100 | $73.00 | $299K |
| 2022-03-09 | BUSSE KEITH E (Director) | Discretionary sale | 25K | $72.00 | $1.8M |
| 2022-03-03 | Graham Christopher A (Officer) | Discretionary sale | 4,425 | $76.51 | $339K |
| 2021-10-26 | Alvarez Miguel (Officer) | Discretionary sale | 366 | $67.61 | $25K |
| 2021-10-26 | Alvarez Miguel (Officer) | Discretionary sale | 7,854 | $67.60 | $531K |
| 2021-09-09 | MILLETT MARK D (CEO) | Discretionary sale | 67.7K | $66.34 | $4.5M |
| 2021-09-03 | MILLETT MARK D (CEO) | Discretionary sale | 8,025 | $67.72 | $543K |
| 2021-09-03 | MILLETT MARK D (CEO) | Discretionary sale | 168.7K | $67.05 | $11.3M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.