Steel Dynamics Management

Management criteria checks 3/4

Steel Dynamics' CEO is Mark Millett, appointed in Jan 1993, has a tenure of 31.83 years. total yearly compensation is $11.82M, comprised of 12.6% salary and 87.4% bonuses, including company stock and options. directly owns 1.9% of the company’s shares, worth €384.01M. The average tenure of the management team and the board of directors is 8.8 years and 10.9 years respectively.

Key information

Mark Millett

Chief executive officer

US$11.8m

Total compensation

CEO salary percentage	12.6%
CEO tenure	31.8yrs
CEO ownership	1.9%
Management average tenure	8.8yrs
Board average tenure	10.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Millett's remuneration changed compared to Steel Dynamics's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$12m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$11m	US$1m	US$4b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$4b
Dec 31 2021	US$11m	US$1m	US$3b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$794m
Dec 31 2020	US$11m	US$1m	US$551m
Sep 30 2020	n/a	n/a	US$484m
Jun 30 2020	n/a	n/a	US$535m
Mar 31 2020	n/a	n/a	US$654m
Dec 31 2019	US$11m	US$1m	US$671m
Sep 30 2019	n/a	n/a	US$820m
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$10m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$839m
Dec 31 2017	US$9m	US$1m	US$813m

Compensation vs Market: Mark's total compensation ($USD11.82M) is above average for companies of similar size in the German market ($USD4.83M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Millett (64 yo)

31.8yrs

Tenure

US$11,823,662

Compensation

Mr. Mark D. Millett is a Co-founder of Steel Dynamics, Inc. since 1993 and has been its Chief Executive Officer since January 01, 2012 and also serves as its Chairman of the Board since May 24, 2021 and wa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Millett	Co-Founder	31.8yrs	US$11.82m	1.9% € 384.0m
Barry Schneider	President & COO	1.7yrs	US$6.34m	0.12% € 23.7m
Richard Teets	Co-Founder & Director	31.8yrs	US$295.05k	3.38% € 683.0m
Theresa Wagler	Executive VP	17.5yrs	US$5.91m	0.30% € 61.2m
Glenn Pushis	Senior Vice President of Special Projects	8.8yrs	US$4.44m	0.085% € 17.1m
Christopher Graham	Senior Vice President of Flat Roll Steel Group	8.7yrs	US$4.31m	0.040% € 8.0m
Marlene Owen	Director of Investor Relations	no data	no data	no data
James Anderson	Senior Vice President of Long Products Steel Group	2.7yrs	no data	0.058% € 11.7m
Jeff Hansen	Vice President of Environmental Sustainability	no data	no data	no data
Miguel Alvarez	Senior Vice President of Metals Recycling	5.8yrs	no data	0.060% € 12.2m
Richard Poinsatte	Senior VP & Treasurer	16.3yrs	no data	0.016% € 3.2m
Chad Bickford	Vice President of Steel Fabrication Group	no data	no data	0.010% € 2.1m

8.8yrs

Average Tenure

58yo

Average Age

Experienced Management: SD5's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Millett	Co-Founder	31.8yrs	US$11.82m	1.9% € 384.0m
Richard Teets	Co-Founder & Director	31.8yrs	US$295.05k	3.38% € 683.0m
Traci Dolan	Independent Director	12.3yrs	US$320.05k	0.038% € 7.7m
Bradley Seaman	Independent Director	10.9yrs	US$315.05k	0.032% € 6.4m
Sheree Bargabos	Independent Director	6.1yrs	US$295.05k	0.015% € 3.1m
Gabriel Shaheen	Independent Director	15.2yrs	US$295.05k	0.053% € 10.8m
Kenneth Cornew	Lead Independent Director	8.5yrs	US$335.05k	0.023% € 4.6m
Luis Sierra	Independent Director	3yrs	US$295.05k	0.0057% € 1.2m
Jennifer Hamann	Independent Director	1.2yrs	US$82.55k	0% € 0

10.9yrs

Average Tenure

64yo

Average Age

Experienced Board: SD5's board of directors are seasoned and experienced ( 10.9 years average tenure).

Steel Dynamics Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €899k worth of stock

Insider recently sold €2.2m worth of stock

Insider recently sold €2.6m worth of stock

Steel Dynamics, Inc. Appoints James Anderson as Senior Vice President Long Products Steel Group, Effective May 1, 2024

Steel Dynamics, Inc., Annual General Meeting, May 09, 2024

Insider recently sold €1.4m worth of stock

Recent updates

Insider recently sold €899k worth of stock

Third quarter dividend of US$0.46 announced

Steel Dynamics, Inc. Declares Fourth Quarter Cash Dividend, Payable on or About January 10, 2025

Investor sentiment improves as stock rises 19%

New minor risk - Insider selling

Insider recently sold €2.2m worth of stock

Third quarter 2024 earnings released: EPS: US$2.06 (vs US$3.50 in 3Q 2023)

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.46 per share

Steel Dynamics Provides Earnings Guidance for the Third Quarter 2024

Second quarter dividend of US$0.46 announced

Steel Dynamics, Inc. Declares Third Quarter Cash Dividend, Payable on October 11, 2024

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: US$2.73 (vs US$4.83 in 2Q 2023)

Steel Dynamics, Inc. to Report Q2, 2024 Results on Jul 17, 2024

First quarter dividend of US$0.46 announced

Insider recently sold €2.6m worth of stock

Steel Dynamics, Inc. Declares Second Quarter Cash Dividend, Payable on or About July 12, 2024

First quarter 2024 earnings released: EPS: US$3.68 (vs US$3.71 in 1Q 2023)

Steel Dynamics, Inc. Appoints James Anderson as Senior Vice President Long Products Steel Group, Effective May 1, 2024

Steel Dynamics, Inc., Annual General Meeting, May 09, 2024

Upcoming dividend of US$0.46 per share

Now 22% overvalued after recent price rise

Steel Dynamics, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Steel Dynamics, Inc. Provides Earnings Guidance for the First Quarter 2024

Fourth quarter dividend of US$0.46 announced

Full year 2023 earnings released: EPS: US$14.72 (vs US$21.06 in FY 2022)

Steel Dynamics, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on or About April 14, 2024

Full year 2023 earnings released: EPS: US$14.72 (vs US$21.06 in FY 2022)

Insider recently sold €1.4m worth of stock

Steel Dynamics, Inc. to Report Q4, 2023 Results on Jan 23, 2024

Third quarter 2023 earnings released: EPS: US$3.50 (vs US$5.07 in 3Q 2022)

Steel Dynamics, Inc. (NasdaqGS:STLD) announces an Equity Buyback for $1,500 million worth of its shares.

Steel Dynamics, Inc. Announces Board Promotions

Steel Dynamics, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Steel Dynamics, Inc. Appoints Jennifer Hamann to the Company’S Board of Directors

Steel Dynamics Announces Third Quarter 2023 Cash Dividend, Payable on or About October 16, 2023

Steel Dynamics, Inc. Announces Unplanned Outage of the Hot Mill at its Sinton Texas Flat Roll Steel Mill

Steel Dynamics, Inc. Announces Unplanned Outage of the Hot Mill at its Sinton Texas Flat Roll Steel Mill

Steel Dynamics, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Upcoming dividend of US$0.42 per share at 1.7% yield

Steel Dynamics Announces Second Quarter 2023 Cash Dividend, Payable on or About July 14, 2023

First quarter 2023 earnings released: EPS: US$3.71 (vs US$5.75 in 1Q 2022)

Upcoming dividend of US$0.42 per share at 1.6% yield

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$21.06 (vs US$15.67 in FY 2021)

Steel Dynamics, Inc. Name Barry T. Schneider as President and Chief Operating Officer

Full year 2022 earnings released: EPS: US$21.06 (vs US$15.67 in FY 2021)

Steel Dynamics, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Steel Dynamics, Inc.(NasdaqGS:STLD) dropped from S&P 400 Materials (Sector)

Upcoming dividend of US$0.34 per share

Steel Dynamics, Inc. Provides Earnings Guidance Fourth Quarter 202

Lead Independent Director recently sold €260k worth of stock

Insufficient new directors

Steel Dynamics, Inc. (NasdaqGS:STLD) announces an Equity Buyback for $1,500 million worth of its shares.

Co-Founder & Director recently sold €2.2m worth of stock

Third quarter 2022 earnings released: EPS: US$5.07 (vs US$4.89 in 3Q 2021)

Steel Dynamics, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Steel Dynamics, Inc. (NasdaqGS:STLD) completed the acquisition of Roca Acero, S.A. De C.V.

Upcoming dividend of US$0.34 per share

Steel Dynamics, Inc. Provides Earnings Guidance for Third Quarter 2022

Steel Dynamics, Inc. Declares Quarterly Cash Dividend, Payable on or About October 14, 2022

Second quarter 2022 earnings released: EPS: US$6.49 (vs US$3.35 in 2Q 2021)

Steel Dynamics, Inc. (NasdaqGS:STLD) completed the acquisition of Roca Acero, S.A. De C.V.

Steel Dynamics, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Upcoming dividend of US$0.34 per share

Steel Dynamics, Inc. Provides Earnings Guidance for the Second Quarter of 2022

Investor sentiment deteriorated over the past week

Insider recently sold €932k worth of stock