David H. Hannah is a seasoned leader in the steel and aluminum industry, having played a crucial role at Reliance Steel & Aluminum Company for over three decades. He served as the CEO from 1999 until 2015, steering the company...

David H. Hannah is a seasoned leader in the steel and aluminum industry, having played a crucial role at Reliance Steel & Aluminum Company for over three decades. He served as the CEO from 1999 until 2015, steering the company through numerous acquisitions and establishing it as a giant in the sector. Under his leadership, Reliance made over 67 acquisitions since its public offering in 1994, showcasing his strategic vision in the competitive landscape. After stepping down as CEO, he took on the role of Chairman of the Board. During his tenure as CEO, David received significant compensation, including a total of $6.47 million in 2015, a year when he earned a salary of $1.08 million and performance bonuses tied to the company's profitability. Outside of his executive duties, he has been recognized as a respected figure within the metals service center industry, highlighting his influence in shaping market practices. His financial expertise has also been instrumental in raising capital for the company, which continues to thrive post his direct leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Reliance CEOs

R

David H. Hannah

Ex-CEO of Reliance

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1952 - 73 years ago

CEO of Reliance for

0 years 0 months (May 2015 - May 2015)

Previous Experience

Chairman of the Board

Rivals

Competitors/colleagues of David H. Hannah

S

Barry T. Schneider

CEO of Steel Dynamics

2023 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$342.00K

Other

$83.08K

Total Holdings

$26.62M

N

Leon J. Topalian

CEO of Nucor

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$0.00

Other

$1.99M

Total Holdings

$25.35M

S

Mark D. Millett

Founder and CEO of Steel Dynamics

2023 Compensation

Stock

$0.00

Salary

$1.49M

Bonus

$5.18M

Other

$83.08K

Total Holdings

$384.63M

A

J. Kent Masters

CEO of Albemarle

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$1.92M

Other

$483.59K

Total Holdings

$8.26M

C

Tony R. Thene

CEO of Carpenter Technology

2022 Compensation

Stock

$3.79M

Salary

$970.90K

Bonus

$0.00

Other

$154.69K

Total Holdings

$90.72M

C

Sherman L. Miller

CEO of Cal-Maine Foods

2023 Compensation

Stock

$0.00

Salary

$370.83K

Bonus

$487.12K

Other

$126.19K

Total Holdings

$2.66M

Holdings

See how much did David H. Hannah make over time.

David H. Hannah's insider trading has seen notable fluctuations, especially between 2019 and 2021. His holdings surged from $8.32 million in September 2019 to impressive peaks such as $18.50 million in January 2023, nearly doubling over a span of about...

David H. Hannah's insider trading has seen notable fluctuations, especially between 2019 and 2021. His holdings surged from $8.32 million in September 2019 to impressive peaks such as $18.50 million in January 2023, nearly doubling over a span of about three and a half years. By mid-2023, his holdings maintained a robust valuation, showing resilience amidst market changes. The highest recorded value was $28.95 million in March 2024, indicating confidence in the company's trajectory. It's clear that his financial investments have closely mirrored the performance of Reliance, reflecting a deep alignment with the company's success and growth. Over time, he shifted from fluctuations around $10 million to record higher valuations, indicating robust investor confidence and market positioning as the company adapted to challenges during and post-pandemic.

Mar 18, 2025

B

shares

BCC @ $99.34

R

shares

RS @ $280.76

Total Stock Sold

$50.92M

RS

$50.92M

726,712 RS shares

What if they kept their stock?

If David H. Hannah didn't sell their stock, today they would have:
Extra RS726,712 shares worth $74.07M.
This is 45.44% and $23.14M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of David H. Hannah.

BCC

980 shares

BCC

Mar 1, 2024

Received

BCC

1,947 shares

BCC

Mar 1, 2023

Received

BCC

1,503 shares

BCC

Mar 1, 2022

Received

BCC

2,288 shares

BCC

Mar 1, 2021

Received

RS

1,423 shares

RS

May 20, 2020

Received

BCC

3,018 shares

BCC

Mar 2, 2020

Received

RS

1,455 shares

RS

May 15, 2019

Received

BCC

3,731 shares

BCC

Feb 22, 2019

Received

RS

$2.14M

RS at $85.72/share

Feb 20, 2019

Sale

RS

$2.25M

RS at $80.00/share

Nov 21, 2018

Sale

Compensation History

See how much did David H. Hannah make over time.

In 2015, David H. Hannah's total compensation reached $6.48 million. This included a base salary of $1.08 million, along with a performance bonus of $1.32 million, which was tied to the company's return on equity. Additionally, he received nearly $2.96 million from vested stock units and stock options that contributed significantly to his earnings that year. The structure of his compensation reflects a philosophy of aligning executive pay with company performance, motivating Hannah to drive financial results during his tenure. This sizable remuneration package underscores the expectations placed on him as a leader steering a major public company while incentivizing long-term growth and success. Overall, Hannah's compensation package exemplifies a balance between fixed salary and performance-based incentives, which is consistent within corporate governance today.

Year

2015

Total Compensation

$5.46M

Salary

$1.08M

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, motivate executives to deliver financial results, and attract and retain key talent, with a significant portion of compensation tied to performance metrics.

Bonus

$1.32M

Board Justification

Payments under the Company’s annual cash incentive plan based on return on beginning stockholders’ equity (ROBE) performance metrics for 2015, resulting in a payout equal to 122% of base salary.

Other

$98.34K

Board Justification

Includes contributions to 401(k), ESOP, and dividend equivalents on restricted stock units.

Restricted Stock

$2.96M(50K RSU)

Board Justification

Restricted stock unit awards granted in 2015 with an eighteen-month vesting period, contingent on performance metrics related to return on assets (ROA) and operating income CAGR.

Performance Metrics

Performance metrics for 2015 included return on beginning stockholders’ equity (ROBE) and return on assets (ROA) for equity awards.

Other Reliance CEOs

Here are other CEOs of Reliance

James D. Hoffman

Ex-CEO of Reliance

January 2019 - December 2022