In 2023, Mark D. Millett earned $6.74M in total compensation at Steel Dynamics, including $1.49M salary and $5.18M bonus. Most recently acquired 81,171 shares in Mar 2025. Currently holds stock worth $521.38M. Has donated $77.03M in stock to charitable causes. Has led Steel Dynamics for over 13 years.
Compensation History
Annual executive compensation data for Mark D. Millett, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$6.74M
Salary
$1.49M
Bonus
$5.18M
Other
$83.08K
Salary
$1.49MBoard Justification
The compensation philosophy emphasizes performance-based compensation that aligns with shareholder interests and company performance, with a significant portion of the CEO's compensation being 'at risk'.
Bonus
$5.18MBoard Justification
The annual incentive compensation award for Mr. Millett was equal to the maximum award of 350% of his annual base salary, based on the company's strong performance in 2023.
Other Compensation
$83.08KBoard Justification
This includes the profit-sharing allocation based on the company's performance, which was $83,075 for Mr. Millett in 2023.
Restricted Stock
Board Justification
No stock grants were vested in 2023 as the focus was on cash and performance-based bonuses.
Performance Metrics
The performance metrics for determining Mr. Millett's compensation included Adjusted Net Income and return on equity, with a focus on achieving maximum performance awards.
Mark D. Millett
Founder and CEO of Steel Dynamics
Education
Bachelor of Science degree in metallurgy from the University of Surrey, England
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Basic Materials
Born
January 1, 1967 - 58 years ago
CEO of Steel Dynamics for
13 years 11 months (Jan 2012 - Present)
Previous Experience
President and Chief Operating Officer of OmniSource Corporation
Holdings
Track Mark D. Millett's stock holdings and portfolio value over time.
Total Stock Sold
$27.19M
$27.19M
400,000 STLD shares
What if they kept their stock?
If Mark D. Millett didn't sell their stock, today they would have:
Extra STLD400,000 shares worth $67.29M.
This is 147.46% and $40.10M more than what they got when they sold the stock.
Charitable Transactions
457,900 shares
STLD
Recent Charitable Transactions
550 shares
STLD
May 17, 2024
Charity
650 shares
STLD
Jun 9, 2023
Charity
109,800 shares
STLD
Apr 6, 2023
Charity
8,900 shares
STLD
Mar 31, 2023
Charity
12,000 shares
STLD
Apr 4, 2022
Charity
234,000 shares
STLD
Dec 17, 2021
Charity
Insider Trading
Mark D. Millett's recent stock transactions, purchases, and sales filed with the SEC.
81,171 shares
STLD
Mar 14, 2025
Received
17,645 shares
STLD
Feb 20, 2025
Received
604 shares
STLD
Nov 21, 2024
Received
550 shares
STLD
May 17, 2024
Charity
119,566 shares
STLD
Mar 15, 2024
Received
19,771 shares
STLD
Feb 22, 2024
Received
778 shares
STLD
Nov 21, 2023
Received
650 shares
STLD
Jun 9, 2023
Charity
109,800 shares
STLD
Apr 6, 2023
Charity
8,900 shares
STLD
Mar 31, 2023
Charity
Rivals
Compare Mark D. Millett with competitor CEOs and industry peers.
Timothy M. Knavish
CEO of PPG Industries
2023 Compensation
Stock
$1.24M
Salary
$1.20M
Bonus
$2.21M
Other
$0.00
Total Holdings
$1.28M
Sanjiv Lamba
CEO of Linde
2024 Compensation
Stock
$10.16M
Salary
$1.48M
Bonus
$2.70M
Other
$150.14K
Total Holdings
$9.27M
Lourenco Goncalves
CEO of Cleveland-Cliffs
2023 Compensation
Stock
$0.00
Salary
$1.27M
Bonus
$2.43M
Other
$398.23K
Total Holdings
$15.01M