United States Steel Management

Management criteria checks 3/4

United States Steel's CEO is Dave Burritt, appointed in Feb 2017, has a tenure of 7.17 years. total yearly compensation is $16.73M, comprised of 8.4% salary and 91.6% bonuses, including company stock and options. directly owns 0.45% of the company’s shares, worth €34.80M. The average tenure of the management team and the board of directors is 4.1 years and 6 years respectively.

Key information

Dave Burritt

Chief executive officer

US$16.7m

Total compensation

CEO salary percentage	8.4%
CEO tenure	7.2yrs
CEO ownership	0.5%
Management average tenure	4.1yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Burritt's remuneration changed compared to United States Steel's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$17m	US$1m	US$895m
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$19m	US$1m	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$5b
Mar 31 2022	n/a	n/a	US$5b
Dec 31 2021	US$19m	US$1m	US$4b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$918m
Mar 31 2021	n/a	n/a	-US$683m
Dec 31 2020	US$9m	US$1m	-US$1b
Sep 30 2020	n/a	n/a	-US$2b
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$1b
Dec 31 2019	US$13m	US$1m	-US$630m
Sep 30 2019	n/a	n/a	US$630m
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$12m	US$1m	US$1b
Sep 30 2018	n/a	n/a	US$682m
Jun 30 2018	n/a	n/a	US$538m
Mar 31 2018	n/a	n/a	US$585m
Dec 31 2017	US$5m	US$930k	US$387m

Compensation vs Market: Dave's total compensation ($USD16.73M) is above average for companies of similar size in the German market ($USD3.35M).

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

CEO

Dave Burritt (68 yo)

7.2yrs

Tenure

US$16,733,927

Compensation

Mr. David Boyd Burritt, also known as Dave, is Independent Director of Lockheed Martin Corporation from April 2008. He joined the Lockheed Martin Corporation in April 2008. He is President, CEO & Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Burritt	President	7.2yrs	US$16.73m	0.45% $ 34.8m
Jessica Graziano	Senior VP & CFO	1.7yrs	US$8.69m	0.021% $ 1.6m
Duane Holloway	Senior VP	6yrs	US$3.65m	0.060% $ 4.6m
Scott Buckiso	Senior VP & Chief Manufacturing Officer - North American Flat- Rolled Segment	6.8yrs	US$4.20m	0.064% $ 4.9m
James Bruno	Senior VP of Global Information Technology & President of USSE	9.3yrs	US$5.17m	0.040% $ 3.0m
Manpreet Grewal	VP, Controller & Chief Accounting Officer	4.1yrs	no data	0.014% $ 1.1m
Christian Gianni	Senior VP & CTO	1.3yrs	no data	no data
Eric Linn	Director?of?Investor Relations	no data	no data	no data
Tara Carraro	Senior VP & Chief Communications Officer	1.9yrs	no data	no data
Malisa Sommers	Managing Director of Manufacturing Excellence	13.2yrs	no data	no data
Kenneth Jaycox	Senior VP & Chief Commercial Officer	3.6yrs	US$6.01m	0.023% $ 1.7m
Daniel Brown	Senior VP of Advanced Technology Steelmaking & COO of Big River Steel Works	2.2yrs	no data	0.055% $ 4.2m

4.1yrs

Average Tenure

54yo

Average Age

Experienced Management: USX1's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Burritt	President	6.9yrs	US$16.73m	0.45% $ 34.8m
John Faraci	Independent Director	5yrs	US$320.06k	0.0027% $ 203.3k
John Engel	Independent Director	13yrs	US$320.04k	0.00089% $ 68.3k
Murry Gerber	Independent Director	11.8yrs	US$320.04k	0.065% $ 5.0m
Terry Dunlap	Independent Director	2.2yrs	US$310.00k	0.0039% $ 297.6k
David Sutherland	Independent Chairman of the Board	16.3yrs	US$450.03k	0.0054% $ 412.7k
Michael McGarry	Independent Director	4.8yrs	US$300.01k	0.0011% $ 85.1k
Paul Mascarenas	Independent Director	8.1yrs	US$300.01k	0.0018% $ 138.1k
Tracy Atkinson	Independent Director	3.8yrs	US$300.01k	0.0011% $ 84.4k
Patricia Tracey	Independent Director	17yrs	US$300.01k	0.00074% $ 56.8k
Andrea Ayers	Independent Director	1.3yrs	US$431.24k	0.00089% $ 68.3k
Jeh Johnson	Independent Director	4yrs	US$300.01k	no data

6.0yrs

Average Tenure

65yo

Average Age

Experienced Board: USX1's board of directors are considered experienced (6 years average tenure).

United States Steel Management

Management criteria checks 3/4

Key information

Recent management updates

United States Steel Corporation, Annual General Meeting, Apr 30, 2024

President recently sold €12m worth of stock

Insider recently sold €1.5m worth of stock

Insider recently sold €1.1m worth of stock

United States Steel Corporation Announces Executive Appointments

United States Steel Corporation Appoints Jessica T. Graziano as Senior Vice President, Effective August 8, 2022

Recent updates

United States Steel Corporation to Report Q1, 2024 Results on May 02, 2024

Cleveland-Cliffs CEO Mulls Much Lower Bid for US Steel If Nippon Deal Falls Apart

United States Steel Corporation, Annual General Meeting, Apr 30, 2024

Investor sentiment deteriorates as stock falls 18%

Fourth quarter dividend of US$0.05 announced

Full year 2023 earnings released: EPS: US$3.98 (vs US$10.22 in FY 2022)

United States Steel Corporation Declares Dividend, Payable on March 13, 2024

United States Steel Corporation to Report Q4, 2023 Results on Feb 01, 2024

President recently sold €12m worth of stock

Nippon Steel North America, Inc. entered into a definitive agreement to acquire United States Steel Corporation (NYSE:X) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others for $12.7 billion.

Investor sentiment improves as stock rises 37%

Nippon Steel North America, Inc. entered into a definitive agreement to acquire United States Steel Corporation (NYSE:X) from BlackRock, Inc. (NYSE:BLK) and The Vanguard Group, Inc. for $12.4 billion.

Nippon Steel Corporation (TSE:5401) entered into a definitive agreement to acquire United States Steel Corporation (NYSE:X) for $12.4 billion.

U.S. Steel Reportedly Receives Multiple Bids in Excess of $40 a Share

U.S. Steel Reportedly Attracts Five Bidders in Auction

United States Steel Corporation Declares Dividend, Payable on December 7, 2023

United States Steel Corporation and DuPont Launches COASTALUME Product

United States Steel Corporation to Report Q3, 2023 Results on Oct 26, 2023

Stelco Holdings Reportedly Considering Bid for U.S. Steel

Esmark Scraps Bid for U.S. Steel

ArcelorMittal Reportedly Weighs Possible Bid for US Steel Worth over $7 Billion

ArcelorMittal Reportedly Weighs Possible Bid for US Steel

Insider recently sold €1.5m worth of stock

New minor risk - Share price stability

Investor sentiment improves as stock rises 19%

New major risk - Revenue and earnings growth

United States Steel Corporation Declares Dividend, Payable on September 7, 2023

Second quarter 2023 earnings released: EPS: US$2.12 (vs US$3.80 in 2Q 2022)

United States Steel Corporation to Report Q2, 2023 Results on Jul 27, 2023

First quarter 2023 earnings released: EPS: US$0.88 (vs US$3.37 in 1Q 2022)

Insider recently sold €1.1m worth of stock

Full year 2022 earnings released: EPS: US$10.22 (vs US$15.77 in FY 2021)

United States Steel Corporation Declares Dividend, Payable on March 14, 2023

United States Steel Corporation to Report Q4, 2022 Results on Feb 02, 2023

United States Steel Corporation Announces Executive Appointments

Third quarter 2022 earnings released: EPS: US$2.07 (vs US$7.41 in 3Q 2021)

United States Steel Corporation Declares Dividend, Payable on December 8, 2022

United States Steel Corporation to Report Q3, 2022 Results on Oct 27, 2022

Second quarter 2022 earnings released: EPS: US$3.80 (vs US$3.75 in 2Q 2021)

United States Steel Corporation (NYSE:X) announces an Equity Buyback for $500 million worth of its shares.

United States Steel Corporation Declares Dividend, Payable on September 8, 2022

United States Steel Corporation to Report Q2, 2022 Results on Jul 28, 2022

SunCoke Energy, Inc. entered into a non binding letter of intent to acquire Blast furnaces and other ancillary assets at U. S. Steel's Granite City Works from United States Steel Corporation.

United States Steel Corporation Appoints Jessica T. Graziano as Senior Vice President, Effective August 8, 2022

High number of new directors

First quarter 2022 earnings released: EPS: US$3.37 (vs US$0.36 in 1Q 2021)

High number of new directors

United States Steel Corporation to Report Q1, 2022 Results on Apr 28, 2022

High number of new directors

Insider recently sold €2.0m worth of stock

High number of new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age