Steel Dynamics CEO Mark Millett's 2020 pay rises 3% to $11M
Steel Dynamics reports 2020 executive compensation
By ExecPay News
Published: March 29, 2021
Steel Dynamics reported fiscal year 2020 executive compensation information on March 29, 2021.
In 2020, five executives at Steel Dynamics received on average a compensation package of $5.1M, a 13% increase compared to previous year.
Average pay of disclosed executives at Steel Dynamics
Mark D. Millett, Chief Executive Officer, received $11M in total, which increased by 3% compared to 2019. 46% of Millett's compensation, or $5.1M, was in stock awards. Millett also received $3.5M in non-equity incentive plan, $1M in option awards, $1.4M in salary, as well as $39K in other compensation.
For fiscal year 2020, the median employee pay was $98,622 at Steel Dynamics. Therefore, the ratio of Mark D. Millett's pay to the median employee pay was 111 to one.
Theresa E. Wagler, Chief Financial Officer, received a compensation package of $4.8M, which increased by 8% compared to previous year. 43% of the compensation package, or $2.1M, was in stock awards.
Russell B. Rinn, Executive Vice President for Metals Recycling, earned $3.5M in 2020, a 4% increase compared to previous year.
Glenn A. Pushis, Senior Vice President Special Projects, received $3.1M in 2020, which increases by 9% compared to 2019.
Barry T. Schneider, Senior Vice President Flat Roll Steel Group, earned $3.1M in 2020, a 9% increase compared to previous year.
Related executives
Mark Millett
Steel Dynamics
Chief Executive Officer
Theresa Wagler
Steel Dynamics
Chief Financial Officer
Russell Rinn
Steel Dynamics
Executive Vice President Metals
Glenn Pushis
Steel Dynamics
Senior Vice President Special Projects
Barry Schneider
Steel Dynamics
Senior Vice President Flat Roll Steel Group
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Source: SEC filing on March 29, 2021.