Sundar PichaiSundar Pichai earned $164M in 2023

Gregg J. Mollins served as the President and CEO of Reliance Steel & Aluminum Company from May 2015 until December 2018. His journey with Reliance started in 1986, where he took on various roles across the company, showing his deep...

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Gregg J. Mollins

Ex-CEO of Reliance

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

January 1, 1959 - 66 years ago

CEO of Reliance for

3 years 7 months (May 2015 - Dec 2018)

Previous Experience

Chief Operating Officer

Holdings

See how much did Gregg J. Mollins make over time.

Gregg J. Mollins held substantial stock in Reliance Steel, peaking at around $32 million in mid-2021. His stock holdings saw significant fluctuations, starting around $19 million in 2019, and reaching a high of $31.9 million in May 2021. By mid-2022,...

Total Stock Sold

$28.68M

RS

$28.68M

381,769 RS shares

What if they kept their stock?

If Gregg J. Mollins didn't sell their stock, today they would have:
Extra RS381,769 shares worth $33.29M.
This is 16.09% and $4.61M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gregg J. Mollins.

RS

$2.30M

RS at $91.81/share

May 3, 2019

Sale

RS

$4.41M

RS at $89.37/share

Mar 1, 2019

Sale

RS

$853.49K

RS at $90.05/share

Feb 25, 2019

Sale

RS

97,760 shares

RS

Feb 25, 2019

Received

RS

17,110 shares

RS

Mar 27, 2018

Received

RS

$2.82M

RS at $92.83/share

Mar 6, 2018

Sale

RS

60,160 shares

RS

Mar 2, 2018

Received

RS

$853.06K

RS at $94.89/share

Feb 20, 2018

Sale

RS

16,670 shares

RS

Mar 28, 2017

Received

RS

$116.30K

RS at $81.10/share

Feb 27, 2017

Sale

Compensation History

See how much did Gregg J. Mollins make over time.

In 2018, Gregg J. Mollins' total compensation was approximately $16 million, which included a base salary of $1.1 million and significant vested stock, reflecting the company's performance during his leadership. His pay structure emphasized alignment with company success, with performance metrics focusing on pre-tax income margins. While his cash bonus was $0 in 2018, previous years showed a substantial bonus tied to performance metrics, indicating a pay-for-performance philosophy. From 2015 to 2018, his compensation showed a clear trajectory linked to the company's growth and acquisition strategy, making him a well-compensated leader as Reliance expanded in the competitive metals market.

Year

2018

Total Compensation

$12.17M

Salary

$1.12M

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 executive talent.

Bonus

$0.00

Board Justification

No bonus was reported for 2018.

Other

$381.80K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$10.67M(10.67M RSU)

Board Justification

The value of the vested stock is based on the grant date fair value of the target number of restricted stock units awarded in 2018, calculated at the closing price of the Company’s common stock on the vesting date.

Performance Metrics

The performance metrics for 2018 included achieving a pretax income margin of at least 3% for cash incentive payouts.

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