Mark D. Millett is the CEO of Steel Dynamics Inc (STLD), where he has played a crucial role since the company's founding in 1993. With a degree in metallurgy from the University of Surrey, Mark brings deep technical knowledge to...

Mark D. Millett is the CEO of Steel Dynamics Inc (STLD), where he has played a crucial role since the company's founding in 1993. With a degree in metallurgy from the University of Surrey, Mark brings deep technical knowledge to his leadership. He was named CEO in January 2012 after serving as President and COO, demonstrating a clear path of upward mobility within the company. Mark has overseen major initiatives, like the development of an innovative ironmaking facility that uses advanced technology for efficient production. His focus on performance has significantly boosted the company's profits, which has resulted in hefty bonuses for him. In 2023, he earned a total compensation of $6.5 million, driven primarily by performance bonuses that reflect the company's success. Mark's insider knowledge and long tenure give him unique insights into the steel industry, making him a significant figure in this sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Steel Dynamics CEOs

S

Mark D. Millett

Founder and CEO of Steel Dynamics

Education

Bachelor of Science degree in metallurgy from the University of Surrey, England

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1967 - 58 years ago

CEO of Steel Dynamics for

13 years 4 months (Jan 2012 - Present)

Previous Experience

President and Chief Operating Officer of OmniSource Corporation

Rivals

Competitors/colleagues of Mark D. Millett

Holdings

See how much did Mark D. Millett make over time.

As CEO, Mark D. Millett has significant holdings in Steel Dynamics, which showcase his commitment to the company's growth. His wealth is closely tied to the company’s performance, indicated by fluctuations in his stock holdings. Over the years, he has...

As CEO, Mark D. Millett has significant holdings in Steel Dynamics, which showcase his commitment to the company's growth. His wealth is closely tied to the company’s performance, indicated by fluctuations in his stock holdings. Over the years, he has seen the value of his holdings rise in line with the company’s success. For instance, in 2022, his overall compensation was noteworthy at over $11 million, influenced heavily by stock values. However, in recent times, Mark's focus seems to have shifted more towards cash bonuses, which reached as high as $5.175 million in 2023 due to remarkable company performance. The rise and fall of his wealth illustrates the direct correlation between his leadership and Steel Dynamics' market success.

Mar 18, 2025

S

shares

STLD @ $127.09

Total Stock Sold

$27.19M

STLD

$27.19M

400,000 STLD shares

What if they kept their stock?

If Mark D. Millett didn't sell their stock, today they would have:
Extra STLD400,000 shares worth $9.77M.
This is -64.06% and $17.42M less than what they got when they sold the stock.

Charitable Transactions

STLD

457,900 shares

STLD

Recent Charitable Transactions

STLD

550 shares

STLD

May 17, 2024

Charity

STLD

650 shares

STLD

Jun 9, 2023

Charity

STLD

109,800 shares

STLD

Apr 6, 2023

Charity

STLD

8,900 shares

STLD

Mar 31, 2023

Charity

STLD

12,000 shares

STLD

Apr 4, 2022

Charity

STLD

234,000 shares

STLD

Dec 17, 2021

Charity

Insider Trading

See recent insider trades of Mark D. Millett.

STLD

81,171 shares

STLD

Mar 14, 2025

Received

STLD

17,645 shares

STLD

Feb 20, 2025

Received

STLD

604 shares

STLD

Nov 21, 2024

Received

STLD

550 shares

STLD

May 17, 2024

Charity

STLD

119,566 shares

STLD

Mar 15, 2024

Received

STLD

19,771 shares

STLD

Feb 22, 2024

Received

STLD

778 shares

STLD

Nov 21, 2023

Received

STLD

650 shares

STLD

Jun 9, 2023

Charity

STLD

109,800 shares

STLD

Apr 6, 2023

Charity

STLD

8,900 shares

STLD

Mar 31, 2023

Charity

Compensation History

See how much did Mark D. Millett make over time.

In 2023, Mark D. Millett's total compensation was approximately $6.5 million. This figure included a base salary of $1.485 million and a performance bonus of $5.175 million, which was the maximum allowable under the company’s incentive program. Due to Steel Dynamics' strong financial performance, rewards for top executives are directly linked to achieving specific targets such as Adjusted Net Income and return on equity. This compensation strategy emphasizes that significant portions of executive pay are at risk, showcasing a strong alignment with shareholder interests. It's clear that Millett's leadership has led him to substantial earnings, reflecting the company’s success in the competitive steel market.

Year

2023

Total Compensation

$6.74M

Salary

$1.49M

Board Justification

The compensation philosophy emphasizes performance-based compensation that aligns with shareholder interests and company performance, with a significant portion of the CEO's compensation being 'at risk'.

Bonus

$5.18M

Board Justification

The annual incentive compensation award for Mr. Millett was equal to the maximum award of 350% of his annual base salary, based on the company's strong performance in 2023.

Other

$83.08K

Board Justification

This includes the profit-sharing allocation based on the company's performance, which was $83,075 for Mr. Millett in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus was on cash and performance-based bonuses.

Performance Metrics

The performance metrics for determining Mr. Millett's compensation included Adjusted Net Income and return on equity, with a focus on achieving maximum performance awards.

Other Steel Dynamics CEOs

Here are other CEOs of Steel Dynamics

Keith E. Busse

Founder and Ex-CEO of Steel Dynamics

January 1993 - December 2011

Barry T. Schneider

CEO of Steel Dynamics

March 2023 - Present