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...

Current Market Cap

$22.04B

Number of Employees

12.6K

Total Compensation

2019 - 2023

Trending down by -72.13% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 3.85% last year

Bonus

Up by 47.86% last year

Other

Down by -38.27% last year

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.

SEC Filing

From March 28, 2024

Mark D. Millett

Founder and CEO of Steel Dynamics

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Education

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

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1967 - 57 years ago

Is Founder?

Yes

Current Tenure

12 years 10 months (Jan 2012 - Present)

Previous Experience

President and Chief Operating Officer of OmniSource Corporation

View Holdings

Insider Holdings of Mark D. Millett

STLD

$418.61M

$77.04M (22.55%)

Last Insider Trade

STLD

550 shares

STLD

May 17, 2024

Charity