How Millett was paid
$12.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Mark D. MillettChairman and Chief Executive Officer | $1,535,000 | $5,095,406 | $5,372,500 | $57,002 | $12,059,908 |
| Theresa E. WaglerExecutive Vice President, Chief Financial Officer and Corporate Secretary | $850,000 | $2,643,206 | $2,975,000 | $49,126 | $6,517,332 |
| Barry T. SchneiderPresident and Chief Operating Officer | $925,000 | $2,774,800 | $3,237,500 | $49,043 | $6,986,343 |
| Christopher A. GrahamSenior Vice President Flat Roll Steel Group | $705,000 | $2,074,969 | $1,410,000 | $50,337 | $4,240,306 |
| Glenn A. PushisFormer Senior Vice President Special Projects | $705,000 | $1,877,443 | $2,115,000 | $49,605 | $4,747,048 |
What changed and why
- $12.1MCEO Mark D. Millett received total compensation of $12,059,908 in 2025.
- The compensation committee made no adjustments to executive compensation measurements or objectives.
- Zero discretionary bonuses were awarded to any named executive officers.
- 13.7MThe company achieved record annual steel shipments of 13.7 million tons in 2025.
- 92%Shareholders strongly supported the executive compensation program with 92% voting in favor.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.