Mark D. Millett
2020
In 2020, Mark D. Millett earned a total compensation of $11M as President and Chief Executive Officer at Steel Dynamics, a 3% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $3,475,000 |
|---|---|
| Option Awards | $1,000,005 |
| Salary | $1,390,000 |
| Stock Awards | $5,072,526 |
| Other | $39,094 |
| Total | $10,976,625 |
Millett received $5.1M in stock awards, accounting for 46% of the total pay in 2020.
Millett also received $3.5M in non-equity incentive plan, $1M in option awards, $1.4M in salary and $39.1K in other compensation.
Rankings
In 2020, Mark D. Millett's compensation ranked 725th out of 13,090 executives tracked by ExecPay. In other words, Millett earned more than 94.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 725 out of 13,090 | 95th |
Division Manufacturing | 252 out of 5,621 | 96th |
Major group Primary Metal Industries | 5 out of 114 | 96th |
Industry group Steel Works, Blast Furnaces, And Rolling And Finishing Mills | 2 out of 51 | 96th |
Industry Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills | 2 out of 37 | 95th |
Pay ratio
| Mark D. Millett's Pay | $10,976,625 |
|---|---|
| Median Employee's Pay | $98,622 |
| Pay Ratio | 111to 1 |
In 2020, the annual total compensation of Mark D. Millett was $10,976,625.
The annual total compensation of the median employee at Steel Dynamics was $98,622.
The ratio of Mark D. Millett's pay to the pay of median employee was therefore 111 to one.
Source: SEC filing on March 29, 2021.
Millett's colleagues
We found four more compensation records of executives who worked with Mark D. Millett at Steel Dynamics in 2020.