David H. Hannah is a seasoned leader in the steel and aluminum industry, having played a crucial role at Reliance Steel & Aluminum Company for over three decades. He served as the CEO from 1999 until 2015, steering the company...

Number of Employees

15.5K

Year

2015

Total Compensation

$5.46M

Salary

$1.08M

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, motivate executives to deliver financial results, and attract and retain key talent, with a significant portion of compensation tied to performance metrics.

Bonus

$1.32M

Board Justification

Payments under the Company’s annual cash incentive plan based on return on beginning stockholders’ equity (ROBE) performance metrics for 2015, resulting in a payout equal to 122% of base salary.

Other

$98.34K

Board Justification

Includes contributions to 401(k), ESOP, and dividend equivalents on restricted stock units.

Restricted Stock

$2.96M(50K RSU)

Board Justification

Restricted stock unit awards granted in 2015 with an eighteen-month vesting period, contingent on performance metrics related to return on assets (ROA) and operating income CAGR.

Performance Metrics

Performance metrics for 2015 included return on beginning stockholders’ equity (ROBE) and return on assets (ROA) for equity awards.

SEC Filing

From April 8, 2016