Barry T. Schneider was appointed President and Chief Operating Officer of Steel Dynamics, Inc. in March 2023. With a solid educational foundation in mechanical engineering and a master's in engineering management from Rose-Hulman Institute of Technology, he brings a wealth...

Number of Employees

12.6K

Year

2023

Total Compensation

$1.28M

Salary

$850.00K

Board Justification

The compensation philosophy emphasizes performance-based incentives aligned with shareholder interests, focusing on both short-term and long-term performance metrics.

Bonus

$342.00K

Board Justification

The bonus is based on the company's performance metrics exceeding pre-established thresholds, with a maximum award opportunity of 171% of base salary, of which 90% is based on corporate performance and 10% on divisional performance.

Other

$83.08K

Board Justification

This includes profit-sharing allocations based on the company's pre-tax income and 401(k) matching contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash and performance-based compensation for the year.

Performance Metrics

The performance metrics for 2023 included Adjusted Net Income exceeding a 10% return on Average Stockholders Equity and divisional profitability measured by Return on Assets.

SEC Filing

From March 28, 2024

Barry T. Schneider

CEO of Steel Dynamics

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Education

Bachelor's degree in mechanical engineering and a master of science in engineering management from Rose-Hulman Institute of Technology

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1969 - 56 years ago

Is Founder?

No

Current Tenure

1 year 10 months (Mar 2023 - Present)

Previous Experience

Senior Vice President, Flat Roll Steel Group