{"url_path":"/sec/stld/10-k/2026/item-9c","section_key":"item-9c","section_title":"Item 9C DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-27","source_url":"https://www.sec.gov/Archives/edgar/data/1022671/0001104659-26-021395-index.html","accession_number":"0001104659-26-021395","cik":"0001022671","ticker":"STLD","issuer_name":"STEEL DYNAMICS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1022671/0001104659-26-021395-index.html","primary_entity_key":"0001022671","primary_entity_name":"STEEL DYNAMICS INC"},"word_count":567,"has_tables":true,"body_markdown":"ITEM 9C.       DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS\n\nNot applicable.\n\n​\n\n​\n\n83\n\n[Table of Contents](#TOC)\n\nPART III\n\nITEM **10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERANCE**\n\nThe information required to be furnished pursuant to Item 10 with respect to directors, executive officers, code of ethics, insider trading policies, and audit committee financial experts is incorporated herein by reference from the section entitled “Governance of the Company” and “Proposal No. 1 – Election of Directors” in our Proxy Statement for the 2026 Annual Meeting of Shareholders, which we will file with the Securities and Exchange Commission no later than 120 days after the end of our fiscal year.\n\nITEM **11. EXECUTIVE COMPENSATION**\n\nThe information required to be furnished pursuant to Item 11 with respect to executive compensation is incorporated herein by reference from the section entitled “Executive Compensation and Related Information” in our Proxy Statement for the 2026 Annual Meeting of Shareholders, which we will file with the Securities and Exchange Commission no later than 120 days after the end of our fiscal year.\n\nITEM **12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND** RELATED STOCKHOLDER MATTERS\n\nThe information relating to security ownership of certain beneficial owners and management required by Item 12 is incorporated herein by reference from the section entitled “Security Ownership of Directors and Executive Officers” and “Security Ownership of Certain Beneficial Owners” in our Proxy Statement for the 2026 Annual Meeting of Shareholders, which we will file with the Securities and Exchange Commission no later than 120 days after the end of our fiscal year. The Equity Compensation Plan Information required by Item 12 is set forth in the table below.\n\nEquity Compensation Plan Information\n\nOur shareholders approved the *Steel Dynamics, Inc. 2018 Executive Incentive Compensation Plan* at our annual meeting of shareholders held May 17, 2018 (2018 Plan). Our shareholders approved the *Steel Dynamics, Inc. 2023 Equity Incentive Plan* at our annual meeting of shareholders held May 11, 2023 (2023 Plan). Our shareholders approved the *Steel Dynamics, Inc. 2024 Employee Stock Purchase Plan* at our annual meeting of shareholders held May 9, 2024 (2024 Plan). The following table summarizes information about our equity compensation plans at December 31, 2025, all of which have been approved by shareholders. We do not have any equity compensation plans that have not been approved by shareholders.\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**  ​ ​ ​**\n\n**(a)**\n\n**  ​ ​ ​**\n\n**(b)**\n\n**  ​ ​ ​**\n\n**(c)**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**Number of securities**\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n**remaining available for**\n\n​\n\n​\n\n**Number of securities to be**\n\n​\n\n​\n\n​\n\n**future issuance under equity**\n\n​\n\n​\n\n**issued upon exercise of**\n\n​\n\n**Weighted-average**\n\n​\n\n**compensation**\n\n​\n\n​\n\n**outstanding options,**\n\n​\n\n**exercise price of outstanding**\n\n​\n\n**plans (excluding securities**\n\n**Plan Category**\n\n​\n\n**warrants and rights**\n\n​\n\n**options, warrants and rights**(1)\n\n​\n\n**reflected in column (a))**\n\nEquity compensation plans approved by security holders:\n\n​\n\n​\n\n​\n\n​\n\n​\n\n​\n\n2018 Plan\n\n \n\n36,266\n\n \n\n—\n\n \n\n1,301,887\n\n2023 Plan(1)\n\n​\n\n883,464\n\n​\n\n—\n\n​\n\n5,116,225\n\n2024 Plan(2)\n\n​\n\n—\n\n​\n\n—\n\n​\n\n—\n\nEquity compensation plans not approved by security holders\n\n \n\nN/A\n\n \n\nN/A\n\n \n\nN/A\n\nTotal\n\n​\n\n919,730\n\n​\n\n—\n\n​\n\n6,418,112\n\n(1)Includes 700,684 RSUs and 182,780 DSUs issuable upon expiration of the vesting or deferral periods, which have no exercise price.\n\n(2)Shares are purchased on the open market and no shares are reserved.\n\n84\n\n[Table of Contents](#TOC)"}