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| | | You are eligible to vote online at www.proxyvote.com until 11:59 p.m. Eastern Time on May | | |
| | | Voting can be completed by calling the number on your proxy until 11:59 p.m. Eastern Time on May | | |
| Mail | | | Voting can be completed by signing and returning your proxy or voting instruction card before May | |
| In Person | | | At the annual meeting: If you are a shareholder of record, we have a record of your ownership so we can accept your vote. If your shares are held in the name of a broker, nominee, or other intermediary, you must bring a proxy issued in your name from that record holder. | |
| Board of Directors Matrix | | | Mark D. Millett (Founder) | | Sheree L. Bargabos | | Kenneth W. Cornew | | Traci M. Dolan | | James C. Marcuccilli | | Bradley S. Seaman | | Gabriel L. Shaheen | | Luis M. Sierra | | Steven A. Sonnenberg | | Richard P. Teets, Jr. (Founder) | | Board of Directors Matrix | | | Mark D. Millett (Founder) | | Sheree L. Bargabos | | Kenneth W. Cornew | | Traci M. Dolan | | Jennifer L. Hamann | | James C. Marcuccilli | | Bradley S. Seaman | | Gabriel L. Shaheen | | Luis M. Sierra | | Richard P. Teets, Jr. (Founder) | | ||||||||||||||||||
| Age | | | 63 | | | 67 | | | 58 | | | 65 | | | 72 | | | 63 | | | 69 | | | 60 | | | 70 | | | 67 | | Age | | | 64 | | | 68 | | | 59 | | | 66 | | | 56 | | | 73 | | | 64 | | | 70 | | | 61 | | | 68 | |
| Tenure | | | 29 | | | 4 | | | 6 | | | 10 | | | 18 | | | 9 | | | 13 | | | 1 | | | 4 | | | 29 | | Tenure | | | 30 | | | 5 | | | 7 | | | 11 | | | 0 | | | 19 | | | 10 | | | 14 | | | 2 | | | 30 | |
| Independent Director | | | | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | | Independent Director | | | | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | |
| Number of other public company boards | | | | | | 1 | | | | | | | | | | | | 1 | | | | | | | | | 2 | | | | | Number of other public company boards | | | | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | |
| Skills | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Skills | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Public Company Experience | | | ■ | | | ■ | | | ■ | | | ■ | | | | | | | | | ■ | | | ■ | | | ■ | | | ■ | | Public Company Experience | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | | | | | | ■ | | | ■ | | | ■ | |
| Senior Executive Leadership | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | Senior Executive Leadership | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | |
| Accounting and Finance | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | | Accounting and Finance | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | |
| Industry Focus | | | ■ | | | | | | | | | | | | | | | | | | | | | | | | | | | ■ | | Industry Focus | | | ■ | | | | | | | | | | | | | | | | | | | | | | | | | | | ■ | |
| Operating/Manufacturing Experience | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | | | ■ | | | ■ | | | ■ | | Operating/Manufacturing Experience | | | ■ | | | ■ | | | ■ | | | | | | ■ | | | | | | | | | | | | ■ | | | ■ | |
| Strategic Initiatives | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | Strategic Initiatives | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | |
| Risk Management | | | ■ | | | | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | | Risk Management | | | ■ | | | | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | ■ | | | | |
| Health & Safety | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | | | ■ | | | ■ | | | ■ | | Health & Safety | | | ■ | | | ■ | | | ■ | | | | | | ■ | | | | | | | | | | | | ■ | | | ■ | |
| Information Technology/Cybersecurity | | | | | | | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | | | | | Information Technology/Cybersecurity | | | | | | | | | ■ | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | |
| Environmental | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | | | ■ | | | | | | ■ | | Environmental | | | ■ | | | ■ | | | ■ | | | | | | | | | | | | | | | | | | ■ | | | ■ | |
| Demographics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Demographics | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Self-Identified Gender | | | M | | | F | | | M | | | F | | | M | | | M | | | M | | | M | | | M | | | M | | Gender | | | M | | | F | | | M | | | F | | | F | | | M | | | M | | | M | | | M | | | M | |
| Self-Identified Ethnicity | | | W | | | W | | | W | | | W | | | W | | | W | | | ME | | | H | | | W | | | W | | Ethnicity | | | W | | | W | | | W | | | W | | | W | | | W | | | W | | | ME | | | H | | | W | |
| Recordable Injury Rate1 | | | Platform Total Recordable Injury Rate1 | |
| | | |
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| ✓ Highly levered companywide performance-based compensation ✓ ✓ Robust stock ownership requirements for all executive officers ✓ Clawback policy regarding executive compensation ✓ Annual compensation risk assessment by the Compensation Committee ✓ No repricing or backdating of stock options | | | ✓ “Double-trigger” change-in-control payments and benefits ✓ No excise tax gross ups | ✓ Prohibit hedging and a severe limitation on pledging of Company stock ✓ Independent compensation consultant retained by the Compensation Committee ✓ Caps on individual payouts for each performance award ✓ No guaranteed incentive bonus payments | |
| | | | | | | Payout | | ||||||
| Compensation Component | | | Based | Description | | | Cash | | | Equity | | ||
| Base Salary | | | Set at a level we believe is necessary to recruit and retain the type of high-performing, entrepreneurial executives we seek to attract | | | ✓ | | | | | |||
| Annual Incentive Plan | | | Provides for a mix of cash and equity compensation earned when our performance exceeds pre-established thresholds tied to a minimum return to shareholders and capped at a maximum percentage of base salary | | | ✓ | | | ✓ | | |||
| Long-Term Incentive Plan | | | Equity compensation earned when our financial and operational performance, as measured by a number of comparable metrics, exceeds those of a pre-established set of our steel sector peers | | | | | | ✓ | | |||
| Restricted Stock Units | | | Equity awards which vest over a fixed time period. | | | | | | |
| Corporate Governance and Nominating Committee | | |||
| Committee — Kenneth W. Cornew — Traci M. Dolan — James C. Marcuccilli — Bradley S. Seaman (Chair) — Steven A. Sonnenberg Number of Meetings: Four All members are independent | | | ✓ Reviews and evaluates the Company’s corporate governance framework, developments in corporate governance practices, and reviews and recommends to the Board effective corporate governance policies and procedures and appropriate charter provisions, as well as Board organization, size and composition; ✓ Establishes criteria for Board membership by identifying, evaluating, and recommending for election as directors both incumbent and prospective nominees who meet the Committee’s and the Board’s criteria of board member requirements, after taking into consideration the nominee’s background, knowledge, diversity, skills, subject matter expertise, and personal business, financial and life experiences. This includes a requirement in our Corporate Governance Policies to include in each director search, candidates who reflect diverse backgrounds, including diversity of gender, race, and ethnicity; ✓ Monitors Company policies and strategies related to corporate responsibility and sustainability. This includes a review of risks related to the environmental and social matters that may arise from our operations. This includes at least a semi-annual or as frequently as needed, review of performance against our decarbonization and renewable electrical energy goals as well as the diversity, inclusion and talent development ✓ Identifies Board members who are willing and able to actively and materially contribute as a board member, either for election by our shareholders at each Annual Meeting, or for appointment by the Board to fill any director vacancies; ✓ Drafts and oversees a Code of Ethics for our Principal Executive Officers and Senior Financial Officers, a Code of Business Conduct and Ethics, and from time to time such other policies as are necessary or appropriate in the interest of strong corporate governance practices; ✓ Determines, recommends, or renders advice to the Board regarding applicable statutory, regulatory or Nasdaq Listing Rules regarding the “independence” requirements for board or committee membership, as well as rendering objective and subjective independence determinations; ✓ Reviews and evaluates, at least annually, the performance of the Board and each of the Board members; ✓ Makes recommendations to the Board concerning the number, function, and composition of the Board’s committees; and ✓ Identifies Board members for assignment to various Board committees. | |
| Compensation Committee | | |||
| Committee — Sheree L. Bargabos — Kenneth W. Cornew (Chair) — — Luis M. Sierra — Steven A. Sonnenberg Number of Meetings: Four All members are independent | | | ✓ Establishes, reviews, and approves corporate goals and objectives relating to our Chief Executive Officer’s and Named Executive Officers’ compensation; ✓ Together with the Corporate Governance and Nominating Committee, evaluates our Chief Executive Officer’s and other executive officers’ (as well as the Company’s overall) performance, at least annually, in light of those corporate goals and objectives as well as peer group benchmarking and determines and approves their compensation based on this evaluation; ✓ Reviews and approves our executive compensation plans and agreements, including our equity-based plans; and, at least annually, reviews the operation of all such plans and agreements and assesses the relationship between our overall compensation policies and practices and financial risk; ✓ Exercises general oversight with respect to our compensation agreements and incentive and equity-based plans relating to our Chief Executive Officer and other executive officers; ✓ Determines compliance with applicable pre-determined, measurable performance criteria with respect to all compensation plans for Named Executive Officers; ✓ Reviews and makes recommendations to the Board, taking into account Company performance and the duties and responsibilities of each board or committee position, regarding compensation of the non-employee members of the Board; ✓ Oversees regulatory compliance with respect to compensation matters and engages the services of independent professional compensation consultants and advisors, with costs paid by the Company; ✓ Reviews and determines compliance, with respect to each Compensation Committee member, of all required objective and subjective factors governing independence, as well as the independence of the Committee’s advisors, including its compensation consultant and other advisors; ✓ Acts as the “Administrator” or “Committee” in connection with the operation and administration of our equity and cash-based incentive compensation programs, with the authority to approve and authorize both equity and cash-based awards; and | |
| Our Board has determined that, for | | | ✓ Approves an annual report on executive compensation for inclusion in our Form 10-K and Proxy Statement, and reviews and discusses with management the Company’s Compensation Discussion and Analysis, to determine whether to recommend to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and incorporated by reference from this Proxy Statement into our Annual Report on Form 10-K. | |
| Audit Committee | | |||
| Committee — Sheree L. Bargabos — Traci M. Dolan (Chair) — Jennifer L. Hamann — James C. Marcuccilli — Bradley S. Seaman — Gabriel L. Shaheen — Number of Meetings: Eight All members are independent | | | ✓ Oversees the adequacy, quality, and integrity of the Company’s accounting and financial reporting processes and the integrity of its financial statements including the assessment of the critical audit matter(s) identified by our independent registered public accounting firm; ✓ Oversees the appointment, retention, compensation, independence, performance, and oversight of the Company’s independent registered public accounting firm; ✓ Oversees the audits of the Company’s financial ✓ In consultation with management and with legal counsel, reviews the Company’s compliance with legal and regulatory filings and requirements; ✓ Reviews the soundness and performance of the Company’s internal audit function, internal accounting controls, disclosure controls and procedures, and internal control over financial reporting; ✓ Together with the Board, reviews the Company’s risk management process, system and controls, including risks related to the financial reporting process, credit risk, liquidity risk and other market risks. Additionally, the Audit Committee is responsible for monitoring the cybersecurity risks facing the Company including the mitigation plans which the senior leadership team has put in place to limit potential exposures. These risks are reviewed and discussed on at least a semi-annual basis, or as frequently as needed; ✓ Prepares and approves an Audit Committee Report required by the rules of the SEC for inclusion in the Company’s annual Proxy Statement; ✓ Assesses and approves the Company’s policies and procedures regarding ethics and compliance, including the establishment of procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls or auditing matters, including procedures for the confidential anonymous submission by employees of concerns regarding potential fraud or other questionable accounting, financial, or auditing matters; | |
| Our Board has determined that, for | | | ✓ Oversees the maintenance and oversight of a policy governing related party transactions required to be disclosed under Item 404 of SEC Regulation S-K, including the process the Audit Committee employs to identify related party transactions for review, in response to PCAOB Auditing Standard No. 18, as well as governing the review, approval or ratification of any such permitted related party transactions; and ✓ Reviews our financial statements and discusses them with management and our independent registered public accounting firm before those financial statements or the results thereof are publicly released and before they are filed with the SEC. | |
| Board Diversity Matrix (as of December 31, 2022) | | Board Diversity Matrix (as of December 31, 2023) | | ||||||||||||
| Total Number of Directors | | 11 | | Total Number of Directors | | 11 | | ||||||||
| | | Female | | Male | | | | Female | | Male | | ||||
| Part 1: Gender Identity | | | | | | Part 1: Gender Identity | | | | | | ||||
| Directors | | 2 | | 9 | | Directors | | 3 | | 8 | | ||||
| Part 2: Demographic Background | | Part 2: Demographic Background | | | | | | ||||||||
| Hispanic or Latinx | | 0 | | 1 | | Hispanic or Latinx | | 0 | | 1 | | ||||
| White1 | | 2 | | 8 | | White1 | | 3 | | 7 | | ||||
| LGBTQ+ | | 1 | |
| Proposal #1 | | | Election of Directors | |
| Name (a) | | Fees Earned or Paid in Cash (b)2 | | Stock Awards (c)3 | | Total (h) | | Name (a) | | Fees Earned or Paid in Cash (b)2 | | Stock Awards (c)3 | | Total (h) | | ||||||||||||||||||||||||
| Sheree L. Bargabos | | | $ | 125,000 | | | | $ | 144,036 | | | | $ | 269,036 | | | Sheree L. Bargabos | | | $ | 130,000 | | | | $ | 165,052 | | | | $ | 295,052 | | | ||||||
| Keith E. Busse | | | | 125,000 | | | | | 144,036 | | | | | 269,036 | | | Keith E. Busse1 | | | | 62,500 | | | | | ― | | | | | 62,500 | | | ||||||
| Frank D. Byrne, M.D.1 | | | | 62,500 | | | | | — | | | | | 62,500 | | | Kenneth W. Cornew | | | | 170,000 | | | | | 165,052 | | | | | 335,052 | | | ||||||
| Kenneth W. Cornew | | | | 135,000 | | | | | 144,036 | | | | | 279,036 | | | Traci M. Dolan | | | | 155,000 | | | | | 165,052 | | | | | 320,052 | | | ||||||
| Traci M. Dolan | | | | 150,000 | | | | | 144,036 | | | | | 294,036 | | | Jennifer L. Hamann | | | | — | | | | | 82,545 | | | | | 82,545 | | | ||||||
| James C. Marcuccilli | | | | 165,000 | | | | | 144,036 | | | | | 309,036 | | | James C. Marcuccilli | | | | 150,000 | | | | | 165,052 | | | | | 315,052 | | | ||||||
| Bradley S. Seaman | | | | 145,000 | | | | | 144,036 | | | | | 289,036 | | | Bradley S. Seaman | | | | 150,000 | | | | | 165,052 | | | | | 315,052 | | | ||||||
| Gabriel L. Shaheen | | | | 135,000 | | | | | 144,036 | | | | | 279,036 | | | Gabriel L. Shaheen | | | | 130,000 | | | | | 165,052 | | | | | 295,052 | | | ||||||
| Luis M. Sierra | | | | 125,000 | | | | | 216,089 | | | | | 341,089 | | | Luis M. Sierra | | | | 130,000 | | | | | 165,052 | | | | | 295,052 | | | ||||||
| Steven A. Sonnenberg | | | | 125,000 | | | | | 144,036 | | | | | 269,036 | | | Steven A. Sonnenberg | | | | 130,000 | | | | | 165,052 | | | | | 295,052 | | | ||||||
| Richard P. Teets, Jr. | | | | 125,000 | | | | | 144,036 | | | | | 269,036 | | | Richard P. Teets, Jr. | | | | 130,000 | | | | | 165,052 | | | | | 295,052 | | |
| | | Annual Retainers | | Committee Chair | | | | Annual Retainers | | Committee Chair | | ||||||||||||||||
| Non-employee Director | | | $ | 125,000 | | | | | | | | Non-employee Director | | | $ | 135,000 | | | | | | | | ||||
| Lead Independent Director | | | | 165,000 | | | | | | | | Lead Independent Director | | | | 175,000 | | | | | | | | ||||
| Audit Committee | | | | | | | | $ | 25,000 | | | Audit Committee | | | | | | | | $ | 25,000 | | | ||||
| Compensation Committee | | | | | | | | | 20,000 | | | Compensation Committee | | | | | | | | | 20,000 | | | ||||
| Corporate Governance and Nominating Committee | | | | | | | | | 20,000 | | | Corporate Governance and Nominating Committee | | | | | | | | | 20,000 | | |
| | | Current Beneficial Holdings | | Percent Owned* | | | | Current Beneficial Holdings | | Percent Owned1 | | ||||||||||
| Named Executive Officers | | | | | | | | | Named Executive Officers | | | | | | | | | ||||
| Mark D. Millett1 | | | | 3,012,711 | | | 1.8% | | Mark D. Millett | | | | 2,975,970 | | | 1.9% | | ||||
| Theresa E. Wagler | | | | 434,635 | | | 0.3% | | Theresa E. Wagler | | | | 460,882 | | | 0.3% | | ||||
| Christopher A. Graham | | | | 109,353 | | | 0.1% | | Barry T. Schneider | | | | 209,169 | | | 0.1% | | ||||
| Glenn A. Pushis | | | | 162,456 | | | 0.1% | | Christopher A. Graham | | | | 81,415 | | | 0.1% | | ||||
| Barry T. Schneider | | | | 182,676 | | | 0.1% | | Glenn A. Pushis | | | | 172,384 | | | 0.1% | | ||||
| Directors | | | | | | | | | Directors | | | | | | | | | ||||
| Sheree L. Bargabos | | | | 20,039 | | | 0.0% | | Sheree L. Bargabos | | | | 22,127 | | | 0.0% | | ||||
| Keith E. Busse | | | | 701,710 | | | 0.4% | | Kenneth W. Cornew | | | | 33,513 | | | 0.0% | | ||||
| Kenneth W. Cornew | | | | 31,687 | | | 0.0% | | Traci M. Dolan | | | | 56,008 | | | 0.0% | | ||||
| Traci M. Dolan | | | | 53,480 | | | 0.0% | | Jennifer L. Hamann | | | | 778 | | | 0.0% | | ||||
| James C. Marcuccilli | | | | 83,102 | | | 0.0% | | James C. Marcuccilli | | | | 60,166 | | | 0.0% | | ||||
| Bradlet S. Seaman | | | | 48,855 | | | 0.0% | | Bradley S. Seaman | | | | 46,631 | | | 0.0% | | ||||
| Gabriel L. Shaheen | | | | 82,568 | | | 0.0% | | Gabriel L. Shaheen | | | | 81,149 | | | 0.1% | | ||||
| Luis M. Sierra | | | | 3,869 | | | 0.0% | | Luis M. Sierra | | | | 6,629 | | | 0.0% | | ||||
| Steven A. Sonnenberg | | | | 17,444 | | | 0.0% | | Steven A. Sonnenberg | | | | 19,505 | | | 0.0% | | ||||
| Richard P. Teets, Jr. 2 | | | | 5,140,007 | | | 3.0% | | Richard P. Teets, Jr.2 | | | | 5,142,483 | | | 3.3% | | ||||
| | | | | | | | | | | | | | | | | ||||||
| Directors and Executive Officers as a Group (17 persons) | | | | 10,269,462 | | | 6.0% | | Directors and Executive Officers as a Group (18 persons) | | | | 9,616,644 | | | 6.1% | |
| Name and Address | | Amount of Beneficial Ownership | | Percent of Ownership | | Name and Address | | Amount of Beneficial Ownership | | Percent of Ownership | | ||||
| The Vanguard Group1 100 Vanguard Blvd. Malvern, PA 19355 | | 21,822,262 | | 12.6% | | The Vanguard Group1 100 Vanguard Blvd. Malvern, PA 19355 | | 19,980,395 | | 12.5% | | ||||
| BlackRock Inc.2 55 East 52nd Street New York, NY 10055 | | 17,084,445 | | 9.9% | | BlackRock Inc.2 55 East 52nd Street New York, NY 10055 | | 14,289,819 | | 8.9% | | ||||
| Fidelity3 245 Summer Street Boston, MA 02210 | | 8,756,022 | | 5.1% | |
| Proposal #2 | | | Ratification of the Appointment of Independent Registered Public Accounting Firm as Auditors | |
| | | 2021 | | 2022 | | | | 2022 | | 2023 | | ||||||||||||||||
| Audit Fees | | | $ | 2,669,000 | | | | $ | 3,126,000 | | | Audit Fees | | | $ | 3,126,000 | | | | $ | 3,494,000 | | | ||||
| Audit Related Fees | | | | — | | | | | — | | | Audit Related Fees | | | | — | | | | | — | | | ||||
| Tax Fees | | | | 141,000 | | | | | 103,000 | | | Tax Fees | | | | 103,000 | | | | | 54,000 | | | ||||
| All Other Fees | | | | — | | | | | — | | | All Other Fees | | | | — | | | | | — | | | ||||
| | | | $ | 2,810,000 | | | | $ | 3,229,000 | | | | | | $ | 3,229,000 | | | | $ | 3,548,000 | | |
| Name | | | Position | |
| Mr. Mark Millett | | | Chairman | |
| Ms. Theresa Wagler | | | Executive Vice President, Chief Financial Officer and Corporate Secretary | |
| Mr. | | | | |
| Mr. Christopher Graham | | | Senior Vice President, | |
| Mr. Glenn Pushis | | | Senior Vice President, Special Projects | |
| | | |||
| ✓ | | | Highly levered companywide performance-based compensation | |
| ✓ | | | | |
| ✓ | | | Robust stock ownership requirements for all executive officers | |
| ✓ | | | Clawback policy regarding executive compensation | |
| ✓ | | | “Double-trigger” change-in-control payments and benefits | |
| ✓ | | | No excise tax gross ups | |
| ✓ | | | Prohibit hedging and a severe limitation | |
| ✓ | | | Independent compensation consultant retained by the Compensation Committee | |
| ✓ | | | Annual compensation risk assessment by the Compensation Committee | |
| ✓ | | | Caps on individual payouts for each performance award | |
| ✓ | | | No repricing or backdating of stock options | |
| ✓ | | | No guaranteed incentive bonus payments | |
| Name | | 2021 | | 2022 | | Change | | | | | | | 2022 | | 2023 | | Change | | ||||||||||||||||||||||||||
| Mr. Millett | | | $ | 1,390,000 | | | | $ | 1,430,000 | | | | | 3 | % | | | | | Mr. Millett | | | $ | 1,430,000 | | | | $ | 1,485,000 | | | | | 4% | | | | |||||||
| Ms. Wagler | | | | 710,000 | | | | | 730,000 | | | | | 3 | % | | | | | Ms. Wagler | | | | 730,000 | | | | | 775,000 | | | | | 6% | | | | |||||||
| Mr. Rinn | | | | 590,000 | | | | | 610,000 | | | | | 3 | % | | | | | Mr. Schneider1 | | | | 610,000 | | | | | 850,000 | | | | | 39% | | | | |||||||
| Mr. Graham | | | | 530,000 | | | | | 570,000 | | | | | 8 | % | | | | | Mr. Graham | | | | 570,000 | | | | | 615,000 | | | | | 8% | | | | |||||||
| Mr. Pushis | | | | 590,000 | | | | | 610,000 | | | | | 3 | % | | | | | Mr. Pushis | | | | 610,000 | | | | | 640,000 | | | | | 5% | | | | |||||||
| Mr. Schneider | | | | 590,000 | | | | | 610,000 | | | | | 3 | % | | | | |
Pool Component | Pool Component | ||||||||||
| Name | | | Target Opportunity as % of Base Salary | | | Weight of Corporate Bonus Pool Component | | | Weight of Divisional ROA Bonus Pool Component | |
| Mr. Millett | | | 175% | | | 100% | | | 0% | |
| Ms. Wagler | | | 175% | | | 100% | | | 0% | |
| Mr. Schneider | | | 171% | | | 90% | | | 10% | |
| Mr. Graham | | | 150% | | | 40% | | | 60% | |
| Mr. Pushis | | | 150% | | | 40% | | | 60% | |
| Name | | Corporate Bonus Pool - Actual % of Base Salary | | Divisional Results - Actual % of Base Salary | | % of Actual Base Salary Paid in Cash | | Name | | Corporate Bonus Pool - Actual % of Base Salary | | Divisional Results - Actual % of Base Salary | | % of Base Salary Paid in Cash | | ||||||
| Mr. Millett | | 350% | | N/A | | 350% | | Mr. Millett | | 350% | | N/A | | 350% | | ||||||
| Ms. Wagler | | 350% | | N/A | | 350% | | Ms. Wagler | | 350% | | N/A | | 350% | | ||||||
| Mr. Rinn | | 175% | | 166% | | 341% | | Mr. Schneider | | 312% | | 30% | | 342% | | ||||||
| Mr. Graham | | 120% | | 180% | | 300% | | Mr. Graham | | 120% | | 180% | | 300% | | ||||||
| Mr. Pushis | | 120% | | 180% | | 300% | | Mr. Pushis | | 120% | | 180% | | 300% | | ||||||
| Mr. Schneider | | 120% | | 180% | | 300% | |
| Name | | LTIP | | RSUs | | Total | | Name | | LTIP | | RSUs | | Total | | ||||||
| Mr. Millett | | $ 2,502,500 | | $ 2,144,197 | | $ 4,646,697 | | Mr. Millett | | $ 2,598,750 | | $ 2,424,537 | | $ 5,023,287 | | ||||||
| Ms. Wagler | | 1,095,000 | | 952,696 | | 2,047,696 | | Ms. Wagler | | 1,162,500 | | 1,162,750 | | 2,325,250 | | ||||||
| Mr. Rinn | | 762,500 | | 171,617 | | 934,117 | | Mr. Schneider | | 1,487,500 | | 1,155,445 | | 2,642,945 | | ||||||
| Mr. Graham | | 855,000 | | 715,186 | | 1,570,186 | | Mr. Graham | | 922,500 | | 825,156 | | 1,747,656 | | ||||||
| Mr. Pushis | | 915,000 | | 714,522 | | 1,629,522 | | Mr. Pushis | | 960,000 | | 823,638 | | 1,783,638 | | ||||||
| Mr. Schneider | | 915,000 | | 714,522 | | 1,629,522 | |
| Performance Measures | | | Weight | | | Calculation | |
| Revenue Growth | | | 25% | | | Total revenue in current performance period minus total revenue in previous performance period divided by total revenue in previous performance period | |
| Operating Margin | | | 25% | | | Total operating income for the performance period divided by total revenue for the performance period | |
| Cash Flow from Operations as a Percentage of Revenue | | | 25% | | | Total cash flow from operations for the performance period divided by total revenue for the performance period | |
| After-Tax Return on Invested Capital | | | 25% | | | Total net income for the performance period divided by total quarterly average equity and debt for the performance period | |
| If the ranking is | | | Then the payout is | |
| 1st or 2nd | | | 100% | |
| 3rd | | | 60% | |
| 4th | | | 40% | |
| 5th or 6th | | | 0% | |
| Name | | Targeted Multiple of Annual Base Salary | | Target Number of Shares | | Target Award Value | | Maximum Number of Shares | | Maximum Award Value | | Name | | Targeted Multiple of Annual Base Salary | | Target Number of Shares | | Target Award Value | | Maximum Number of Shares | | Maximum Award Value | | ||||||||||||||||||||||||||||||||||||||||
| Mr. Millett | | | | 175% | | | | | 40,586 | | | | $ | 2,502,500 | | | | | 81,171 | | | | $ | 5,005,000 | | | Mr. Millett | | | | 175% | | | | | 27,307 | | | | $ | 2,598,750 | | | | | 54,613 | | | | $ | 5,197,500 | | | ||||||||||
| Ms. Wagler | | | | 150% | | | | | 17,759 | | | | | 1,095,000 | | | | | 35,518 | | | | | 2,190,000 | | | Ms. Wagler | | | | 150% | | | | | 12,215 | | | | | 1,162,500 | | | | | 24,430 | | | | | 2,325,000 | | | ||||||||||
| Mr. Rinn | | | | 125% | | | | | 12,367 | | | | | 762,500 | | | | | 24,733 | | | | | 1,525,000 | | | Mr. Schneider | | | | 175% | | | | | 15,630 | | | | | 1,487,500 | | | | | 31,260 | | | | | 2,975,000 | | | ||||||||||
| Mr. Graham | | | | 150% | | | | | 13,867 | | | | | 855,000 | | | | | 27,733 | | | | | 1,710,000 | | | Mr. Graham | | | | 150% | | | | | 9,694 | | | | | 922,500 | | | | | 19,387 | | | | | 1,845,000 | | | ||||||||||
| Mr. Pushis | | | | 150% | | | | | 14,840 | | | | | 915,000 | | | | | 29,679 | | | | | 1,830,000 | | | Mr. Pushis | | | | 150% | | | | | 10,088 | | | | | 960,000 | | | | | 20,175 | | | | | 1,920,000 | | | ||||||||||
| Mr. Schneider | | | | 150% | | | | | 14,840 | | | | | 915,000 | | | | | 29,679 | | | | | 1,830,000 | | |
| Executive Officer | | | Requirement | |
| Chief Executive Officer | | | No less than five times base salary | |
| President | | | No less than four times base salary | |
| Executive Vice President and Chief Financial Officer | | | No less than three times base salary | |
| Senior Vice Presidents | | | No less than three times base salary | |
| Name and Principal Position (a) | | Year (b) | | Salary (c) | | Stock Awards1 (e) | | Option Awards2 (f) | | Non-Equity Incentive Plan Compensation3 (g) | | All Other Compensation4 (i) | | Totals5 (j) | | Name and Principal Position (a) | | Year (b) | | Salary (c) | | Stock Awards1 (e) | | Option Awards2 (f) | | Non-Equity Incentive Plan Compensation3 (g) | | All Other Compensation4 (i) | | Totals5 (j) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mark D. Millett Chairman, President and Chief Executive Officer | | | | | 2022 | | | | $ | 1,430,000 | | | | $ | 4,646,697 | | | | | — | | | | $ | 5,005,000 | | | | $ | 152,760 | | | | $ | 11,234,457 | | | Mark D. Millett Chairman and Chief Executive Officer | | | | | 2023 | | | | $ | 1,485,000 | | | | $ | 5,023,287 | | | | $ | ― | | | | $ | 5,197,500 | | | | $ | 117,875 | | | | $ | 11,823,662 | | | ||||||||||||
| | | 2021 | | | | | 1,390,000 | | | | | 4,993,421 | | | | | 1,000,012 | | | | | 3,475,000 | | | | | 141,485 | | | | | 10,999,918 | | | | | | 2022 | | | | | 1,430,000 | | | | | 4,646,697 | | | | | ― | | | | | 5,005,000 | | | | | 152,760 | | | | | 11,234,457 | | | |||||||||||||||||
| | | 2020 | | | | | 1,390,000 | | | | | 5,072,526 | | | | | 1,000,005 | | | | | 3,475,000 | | | | | 39,094 | | | | | 10,976,625 | | | | | | 2021 | | | | | 1,390,000 | | | | | 4,993,421 | | | | | 1,000,012 | | | | | 3,475,000 | | | | | 141,485 | | | | | 10,999,918 | | | |||||||||||||||||
| Theresa E. Wagler Executive Vice President, Chief Financial Officer and Corporate Secretary | | | | | 2022 | | | | | 730,000 | | | | | 2,047,696 | | | | | — | | | | | 2,555,000 | | | | | 148,900 | | | | | 5,481,596 | | | Theresa E. Wagler Executive Vice President,Chief Financial Officer and Corporate Secretary | | | | | 2023 | | | | | 775,000 | | | | | 2,325,250 | | | | | ― | | | | | 2,712,500 | | | | | 99,381 | | | | | 5,912,131 | | | ||||||||||||
| | | 2021 | | | | | 710,000 | | | | | 2,066,004 | | | | | 200,008 | | | | | 1,775,000 | | | | | 137,041 | | | | | 4,888,053 | | | | | | 2022 | | | | | 730,000 | | | | | 2,047,696 | | | | | ― | | | | | 2,555,000 | | | | | 148,900 | | | | | 5,481,596 | | | |||||||||||||||||
| | | 2020 | | | | | 710,000 | | | | | 2,055,115 | | | | | 200,001 | | | | | 1,775,000 | | | | | 30,286 | | | | | 4,770,402 | | | | | | 2021 | | | | | 710,000 | | | | | 2,066,004 | | | | | 200,008 | | | | | 1,775,000 | | | | | 137,041 | | | | | 4,888,053 | | | |||||||||||||||||
| Russell B. Rinn Former Executive Vice President Metals Recycling (retired August 2022) | | | | | 2022 | | | | | 405,104 | | | | | 5,373,695 | | | | | — | | | | | 1,387,750 | | | | | 148,800 | | | | | 7,315,349 | | | Barry T. Schneider President and Chief Operating Officer | | | | | 2023 | | | | | 810,000 | | | | | 2,642,945 | | | | | ― | | | | | 2,784,167 | | | | | 99,329 | | | | | 6,336,441 | | | ||||||||||||
| | | 2021 | | | | | 590,000 | | | | | 1,565,275 | | | | | 200,008 | | | | | 1,475,000 | | | | | 135,903 | | | | | 3,966,186 | | | | | | 2022 | | | | | 610,000 | | | | | 1,629,522 | | | | | ― | | | | | 1,830,000 | | | | | 148,800 | | | | | 4,218,322 | | | |||||||||||||||||
| | | 2020 | | | | | 590,000 | | | | | 1,236,808 | | | | | 200,001 | | | | | 1,475,000 | | | | | 32,685 | | | | | 3,534,494 | | | | | | 2021 | | | | | 590,000 | | | | | 1,562,392 | | | | | 200,008 | | | | | 1,180,000 | | | | | 135,905 | | | | | 3,668,305 | | | |||||||||||||||||
| Christopher A. Graham Senior Vice President Long Products Steel Group | | | | | 2022 | | | | | 570,000 | | | | | 1,570,186 | | | | | — | | | | | 1,710,000 | | | | | 148,800 | | | | | 3,998,986 | | | Christopher A. Graham Senior Vice President Flat Roll Steel Group | | | | | 2023 | | | | | 615,000 | | | | | 1,747,656 | | | | | ― | | | | | 1,845,000 | | | | | 99,329 | | | | | 4,306,985 | | | ||||||||||||
| | | 2021 | | | | | 530,000 | | | | | 1,427,430 | | | | | 200,008 | | | | | 1,060,000 | | | | | 135,904 | | | | | 3,353,342 | | | | | | 2022 | | | | | 570,000 | | | | | 1,570,186 | | | | | ― | | | | | 1,710,000 | | | | | 148,800 | | | | | 3,998,986 | | | |||||||||||||||||
| | | 2020 | | | | | 500,000 | | | | | 1,068,190 | | | | | 200,001 | | | | | 1,000,000 | | | | | 32,601 | | | | | 2,800,792 | | | | | | 2021 | | | | | 530,000 | | | | | 1,427,430 | | | | | 200,008 | | | | | 1,060,000 | | | | | 135,904 | | | | | 3,353,342 | | | |||||||||||||||||
| Glenn A. Pushis Senior Vice President Special Projects | | | | | 2022 | | | | | 610,000 | | | | | 1,629,522 | | | | | — | | | | | 1,830,000 | | | | | 148,800 | | | | | 4,218,322 | | | Glenn A. Pushis Senior Vice President Special Projects | | | | | 2023 | | | | | 640,000 | | | | | 1,783,638 | | | | | ― | | | | | 1,920,000 | | | | | 99,353 | | | | | 4,442,991 | | | ||||||||||||
| | | 2021 | | | | | 590,000 | | | | | 1,562,392 | | | | | 200,008 | | | | | 1,180,000 | | | | | 135,981 | | | | | 3,668,381 | | | | | | 2022 | | | | | 610,000 | | | | | 1,629,522 | | | | | ― | | | | | 1,830,000 | | | | | 148,800 | | | | | 4,218,322 | | | |||||||||||||||||
| | | 2020 | | | | | 555,000 | | | | | 1,157,903 | | | | | 200,001 | | | | | 1,110,000 | | | | | 32,470 | | | | | 3,055,374 | | | | | | 2021 | | | | | 590,000 | | | | | 1,562,392 | | | | | 200,008 | | | | | 1,180,000 | | | | | 135,981 | | | | | 3,668,381 | | | |||||||||||||||||
| Barry T. Schneider Senior Vice President Flat Roll Steel Group | | | | | 2022 | | | | | 610,000 | | | | | 1,629,522 | | | | | — | | | | | 1,830,000 | | | | | 148,800 | | | | | 4,218,322 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2021 | | | | | 590,000 | | | | | 1,562,392 | | | | | 200,008 | | | | | 1,180,000 | | | | | 135,905 | | | | | 3,668,305 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | 2020 | | | | | 555,000 | | | | | 1,157,903 | | | | | 200,001 | | | | | 1,110,000 | | | | | 32,066 | | | | | 3,054,970 | | |
| | | | | | | | | | Estimated future payouts under non-equity incentive plan awards | | Estimated future payouts under equity incentive plan awards | | | | | | | | | | | | | | | | | | | | | Estimated future payouts under non-equity incentive plan awards | | Estimated future payouts under equity incentive plan awards | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name (a) | | Award Type | | Grant Date (b) | | Threshold ($) (c) | | Target1 ($) (d) | | Maximum ($) (e) | | Threshold (#) (f) | | Target2 (#) (g) | | Maximum (#) (h) | | All Other Stock Awards: Number of shares of stock or units (#) (i) | | Grant Date Fair Value of Stock Awards3 (l) | | Name (a) | | Award Type | | Grant Date (b) | | Threshold ($) (c) | | Target1 ($) (d) | | Maximum ($) (e) | | Threshold (#) (f) | | Target2 (#) (g) | | Maximum (#) (h) | | All Other Stock Awards: Number of shares of stock or units (#) (i) | | All other option awards: number of securities underlying options (#) (j) | | Exercise or base price of option awards ($/sh) (k) | | Grant Date Fair Value of Stock Awards3 (l) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mark D. Millett | | | Annual Plan | | | | | | | | | S — | | | | $ | 2,502,500 | | | | $ | 5,005,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mark D. Millett | | | Annual Plan | | | | | | | | $ | — | | | | $ | 2,598,750 | | | | $ | 5,197,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Profit Sharing | | | | | | | | | | | | | | 57,283 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 40,586 | | | | | 81,171 | | | | | | | | | $ | 2,502,500 | | | | LTIP | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | — | | | | | 27,307 | | | | | 54,613 | | | | | | | | | | | | | $ | 2,598,750 | | | |||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 34,798 | | | | | 2,057,143 | | | | RSU | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 19,815 | | | | | | | | | 2,337,510 | | | |||||||||||||||||||||||||
| RSU | | | | 11/21/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 865 | | | | | 87,054 | | | | RSU | | | | 11/21/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 778 | | | | | | | | | 87,027 | | | |||||||||||||||||||||||||
| Theresa E. Wagler | | | Annual Plan | | | | | | | | | — | | | | | 1,277,500 | | | | | 2,555,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Theresa E. Wagler | | | Annual Plan | | | | | | | | | — | | | | | 1,356,250 | | | | | 2,712,500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Profit Sharing | | | | | | | | | | | | | | 57,283 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 17,759 | | | | | 35,518 | | | | | | | | | | 1,095,000 | | | | LTIP | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | — | | | | | 12,215 | | | | | 24,430 | | | | | | | | | | | | | | 1,162,500 | | | |||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 14,968 | | | | | 884,859 | | | | RSU | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 9,283 | | | | | | | | | 1,095,086 | | | |||||||||||||||||||||||||
| RSU | | | | 11/21/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 692 | | | | | 67,837 | | | | RSU | | | | 11/21/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 623 | | | | | | | | | 67,664 | | | |||||||||||||||||||||||||
| Russell B. Rinn | | | Annual Plan | | | | | | | | | — | | | | | 711,667 | | | | | 1,423,335 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Barry T. Schneider | | | Annual Plan | | | | | | | | | — | | | | | 1,392,083 | | | | | 2,784,167 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Profit Sharing | | | | | | | | | | | | | | 57,283 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 12,367 | | | | | 24,733 | | | | | | | | | | 762,500 | | | | LTIP | | | | 03/01/2023 | | | | | | | | | | | | | | | | | | | | — | | | | | 15,630 | | | | | 31,260 | | | | | | | | | | | | | | 1,487,500 | | | |||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,903 | | | | | 171,617 | | | | RSU | | | | 03/01/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 8,826 | | | | | | | | | 1,070,947 | | | |||||||||||||||||||||||||
| Retirement | | | | 8/29/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 51,106 | | | | | 4,439,578 | | | | RSU | | | | 11/21/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 778 | | | | | | | | | 84,499 | | | |||||||||||||||||||||||||
| Christopher A. Graham | | | Annual Plan | | | | | | | | | — | | | | | 855,000 | | | | | 1,710,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Christopher A. Graham | | | Annual Plan | | | | | | | | | — | | | | | 922,500 | | | | | 1,845,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Profit Sharing | | | | | | | | | | | | | | 57,283 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 13,867 | | | | | 27,733 | | | | | | | | | | 855,000 | | | | LTIP | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | — | | | | | 9,694 | | | | | 19,387 | | | | | | | | | | | | | | 922,500 | | | |||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,226 | | | | | 663,644 | | | | RSU | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,552 | | | | | | | | | 772,918 | | | |||||||||||||||||||||||||
| RSU | | | | 11/21/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 519 | | | | | 51,542 | | | | RSU | | | | 11/21/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 467 | | | | | | | | | 52,239 | | | |||||||||||||||||||||||||
| Glenn A. Pushis | | | Annual Plan | | | | | | | | | — | | | | | 915,000 | | | | | 1,830,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Glenn A. Pushis | | | Annual Plan | | | | | | | | | — | | | | | 960,000 | | | | | 1,920,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Profit Sharing | | | | | | | | | | | | | | 57,283 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 14,840 | | | | | 29,679 | | | | | | | | | | 915,000 | | | | LTIP | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | — | | | | | 10,088 | | | | | 20,175 | | | | | | | | | | | | | | 960,000 | | | |||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,226 | | | | | 663,644 | | | | RSU | | | | 02/22/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,552 | | | | | | | | | 772,918 | | | |||||||||||||||||||||||||
| RSU | | | | 11/21/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 519 | | | | | 50,878 | | | | RSU | | | | 11/21/2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 467 | | | | | | | | | 50,721 | | | |||||||||||||||||||||||||
| Barry T. Schneider | | | Annual Plan | | | | | | | | | — | | | | | 915,000 | | | | | 1,830,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Profit Sharing | | | | | | | | | | | | | | 108,830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| LTIP | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | — | | | | | 14,840 | | | | | 29,679 | | | | | | | | | | 915,000 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RSU | | | | 02/24/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,226 | | | | | 663,644 | | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RSU | | | | 11/21/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 519 | | | | | 50,878 | | |
| | | | | | | | Option Awards | | Stock Awards | | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name (a) | | Grant Date | | Number of Securities Underlying Unexer- cised Op- tions (#) Exercis- able1 (b) | | Number of Securities Underlying Unexercised Options (#) Unexercis- able2 (c) | | Option Exer- cise Price ($) (e) | | Option Expira- tion Date (f) | | Grant Date | | Num- ber of shares or units of stock that have not vested (#)3 (g) | | Market value of shares or units of stock that have not vested ($) (h) | | Equity in- centive plan awards: Number of unearned shares, units or other rights that have not vested (#)4 (i) | | Equity incen- tive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) (j) | | Name (a) | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercis- able1 (b) | | Number of Securities Underlying Unexercised Options (#) Unexercis- able2 (c) | | Option Exercise Price ($)(e) | | Option Expiration Date (f) | | Grant Date | | Num- ber of shares or units of stock that have not vested (#)3 (g) | | Market value of shares or units of stock that have not vested ($) (h) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)4 (i) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) (j) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mark D. Millett | | | | | 02/20/20 | | | | | 8,222 | | | | | 8,204 | | | | $ | 29.13 | | | | | 02/20/30 | | | | | 02/01/21 | | | | | 13,520 | | | | $ | 1,320,904 | | | | | | | | | | | | | Mark D. Millett | | | | | 02/20/20 | | | | | 16,426 | | | | | — | | | | | 29.13 | | | | | 02/20/30 | | | | | 02/25/21 | | | | | 17,678 | | | | | 2,087,772 | | | | | | | | | | | | | ||||||||||||||||||
| | | 02/24/21 | | | | | 4,324 | | | | | 30,265 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/24/21 | | | | | | | | | | | | | | | 66,426 | | | | $ | 6,489,820 | | | | | | 02/24/21 | | | | | 30,268 | | | | | 4,321 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/01/22 | | | | | 8,345 | | | | | 985,545 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 26,517 | | | | | 2,590,711 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 40,586 | | | | | 4,793,207 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 16,691 | | | | | 1,630,711 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 34,798 | | | | | 4,109,644 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 40,586 | | | | | 3,965,252 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | | | | | | | | | | | 27,307 | | | | | 3,224,957 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 34,798 | | | | | 3,399,765 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | 19,815 | | | | | 2,340,152 | | | | | | | | | | | | | |||||||||||||||||||||||
| Theresa E. Wagler | | | | | 02/20/20 | | | | | 1,646 | | | | | 1,623 | | | | | 29.13 | | | | | 02/20/30 | | | | | 11/21/20 | | | | | 9,456 | | | | | 923,851 | | | | | | | | | | | | | Theresa E. Wagler | | | | | 02/20/20 | | | | | 3,269 | | | | | — | | | | | 29.13 | | | | | 02/20/30 | | | | | 11/21/20 | | | | | 4,728 | | | | | 558,377 | | | | | | | | | | | | | ||||||||||||||||||
| | | 02/24/21 | | | | | 866 | | | | | 6,047 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/01/21 | | | | | 6,906 | | | | | 674,716 | | | | | | | | | | | | | | | | 02/24/21 | | | | | 6,062 | | | | | 851 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/25/21 | | | | | 6,542 | | | | | 772,610 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/21 | | | | | | | | | | | | | | | 24,236 | | | | | 2,367,857 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 4,263 | | | | | 503,460 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 9,814 | | | | | 958,828 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 17,759 | | | | | 2,097,338 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/21 | | | | | 1,103 | | | | | 107,763 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 14,968 | | | | | 1,767,721 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 8,526 | | | | | 832,990 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 692 | | | | | 81,725 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 17,759 | | | | | 1,735,054 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | | | | | | | | | | | 12,215 | | | | | 1,442,592 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 14,968 | | | | | 1,462,374 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | 9,283 | | | | | 1,096,322 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 692 | | | | | 67,608 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/23 | | | | | 623 | | | | | 73,576 | | | | | | | | | | | | | |||||||||||||||||||||||
| Russell B. Rinn | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | | | — | | | Barry T. Schneider | | | | | 02/24/21 | | | | | 433 | | | | | 851 | | | | | 42.83 | | | | | 02/24/31 | | | | | 11/21/20 | | | | | 2,364 | | | | | 279,188 | | | | | | | | | | | | | |||||||||||||||||||
| Christopher A. Graham | | | | | 02/20/20 | | | | | 1,646 | | | | | 1,623 | | | | | 29.13 | | | | | 02/20/30 | | | | | 11/21/20 | | | | | 4,728 | | | | | 461,926 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 3,006 | | | | | 355,009 | | | | | | | | | | | | | ||||||||||||||||||||
| | | 02/24/21 | | | | | 866 | | | | | 6,047 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/01/21 | | | | | 2,062 | | | | | 201,457 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 3,542 | | | | | 418,310 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/21 | | | | | | | | | | | | | | | 18,092 | | | | | 1,767,588 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 14,840 | | | | | 1,752,604 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 4,510 | | | | | 440,627 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,325,791 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/21 | | | | | 828 | | | | | 80,896 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 519 | | | | | 61,294 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 6,364 | | | | | 621,763 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | | | | | | | | | | | 15,630 | | | | | 1,845,903 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 13,867 | | | | | 1,354,806 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 03/01/23 | | | | | 8,826 | | | | | 1,042,351 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,096,780 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/23 | | | | | 778 | | | | | 91,882 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 519 | | | | | 50,706 | | | | | | | | | | | | |
| | | | | | | | Option Awards | | Stock Awards | | | | | | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name (a) | | Grant Date | | Number of Securities Underlying Unexer- cised Op- tions (#) Exercis- able1 (b) | | Number of Securities Underlying Unexercised Options (#) Unexercis- able2 (c) | | Option Exer- cise Price ($) (e) | | Option Expira- tion Date (f) | | Grant Date | | Num- ber of shares or units of stock that have not vested (#)3 (g) | | Market value of shares or units of stock that have not vested ($) (h) | | Equity in- centive plan awards: Number of unearned shares, units or other rights that have not vested (#)4 (i) | | Equity incen- tive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) (j) | | Name (a) | | Grant Date | | Number of Securities Underlying Unexercised Options (#) Exercis- able1 (b) | | Number of Securities Underlying Unexercised Options (#) Unexercis- able2 (c) | | Option Exercise Price ($)(e) | | Option Expiration Date (f) | | Grant Date | | Num- ber of shares or units of stock that have not vested (#)3 (g) | | Market value of shares or units of stock that have not vested ($) (h) | | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#)4 (i) | | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($) (j) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Glenn A. Pushis | | | | | 02/20/20 | | | | | 1,646 | | | | | 1,623 | | | | | 29.13 | | | | | 02/20/30 | | | | | 11/21/20 | | | | | 4,728 | | | | | 461,926 | | | | | | | | | | | | | Christopher A. Graham | | | | | 02/24/21 | | | | | 2,165 | | | | | 851 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/25/21 | | | | | 3,006 | | | | | 355,009 | | | | | | | | | | | | | ||||||||||||||||||
| | | 02/24/21 | | | | | 866 | | | | | 6,047 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/01/21 | | | | | 2,289 | | | | | 223,635 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 3,182 | | | | | 375,794 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/21 | | | | | | | | | | | | | | | 20,140 | | | | | 1,967,678 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 13,867 | | | | | 1,637,693 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 4,510 | | | | | 440,627 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,325,791 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/21 | | | | | 828 | | | | | 80,896 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | | | | | | | | | | | 9,694 | | | | | 1,144,861 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 7,084 | | | | | 692,107 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | 6,552 | | | | | 773,791 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 14,840 | | | | | 1,449,868 | | | Glenn A. Pushis | | | | | 02/24/21 | | | | | 433 | | | | | 851 | | | | | 42.83 | | | | | 02/24/31 | | | | | 11/21/20 | | | | | 2,364 | | | | | 279,188 | | | | | | | | | | | | | |||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,096,780 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 3,006 | | | | | 355,009 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 519 | | | | | 50,706 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 3,542 | | | | | 418,310 | | | | | | | | | | | | | |||||||||||||||||||||||
| Barry T. Schneider | | | | | 02/20/20 | | | | | 1,646 | | | | | 1,623 | | | | | 29.13 | | | | | 02/20/30 | | | | | 11/21/20 | | | | | 4,728 | | | | | 461,926 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 14,840 | | | | | 1,752,604 | | | ||||||||||||||||||||
| | | 02/24/21 | | | | | 866 | | | | | 6,047 | | | | | 42.83 | | | | | 02/24/31 | | | | | 02/01/21 | | | | | 2,289 | | | | | 223,635 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,325,791 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/21 | | | | | | | | | | | | | | | 20,140 | | | | | 1,967,678 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 519 | | | | | 61,294 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/25/21 | | | | | 4,510 | | | | | 440,627 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | | | | | | | | | | | 10,088 | | | | | 1,191,394 | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/21 | | | | | 828 | | | | | 80,896 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/22/23 | | | | | 6,552 | | | | | 773,791 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/01/22 | | | | | 7,084 | | | | | 692,107 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/23 | | | | | 467 | | | | | 55,153 | | | | | | | | | | | | | |||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | | | | | | | | | | | 14,840 | | | | | 1,449,868 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 02/24/22 | | | | | 11,226 | | | | | 1,096,780 | | | | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 11/21/22 | | | | | 519 | | | | | 50,706 | | | | | | | | | | | | |
| Grant Date | | | Award Type | | | Remaining Vesting | |
| 11/21/20 | | | RSUs | | | 1 year | |
| 02/25/21 | | | RSUs | | | 1∕2 for 2 months, 1∕2 for 1 year | |
| 02/01/ | | | Annual Plan | | | 1 month | |
| 02/ | | | RSUs | | | 1∕3 for 2 months, 1∕3 for 1 year, 1∕3 for 2 years | |
| 11/21/ | | | RSUs | | | 1 year | |
| 02/ | |||||||
| | RSUs | | | 1∕3 for 1 year, 1∕3 for 2 years, 1∕3 for 3 years | | ||
| 11/21/ | | | RSUs | | | 2 years | |
| | | Option Awards | | Stock Awards | | | | Option Awards | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||
| Name (a) | | Number of Shares Acquired on Exercise (#) (b) | | Value Realized on Exercise (c)1 | | Number of Shares Acquired on Vesting (d)2 | | Value Realized on Vesting (e)3 | | Name (a) | | Number of Shares Acquired on Exercise (#) (b) | | Value Realized on Exercise (c)1 | | Number of Shares Acquired on Vesting (#) (d)2 | | Value Realized on Vesting (e)3 | | ||||||||||||||||||||||||||||||||
| Mark D. Millett | | | | 163,485 | | | | $ | 10,366,753 | | | | | 184,712 | | | | $ | 19,127,723 | | | Mark D. Millett | | | | — | | | | $ | — | | | | | 151,049 | | | | $ | 19,492,901 | | | ||||||||
| Theresa E. Wagler | | | | 30,957 | | | | | 1,965,042 | | | | | 76,593 | | | | | 7,770,936 | | | Theresa E. Wagler | | | | — | | | | | — | | | | | 63,896 | | | | | 8,123,099 | | | ||||||||
| Russell B. Rinn | | | | 40,586 | | | | | 2,069,984 | | | | | 81,191 | | | | | 6,776,109 | | | Barry T. Schneider | | | | 8,898 | | | | | 729,219 | | | | | 46,779 | | | | | 6,005,146 | | | ||||||||
| Christopher A. Graham | | | | 27,212 | | | | | 1,359,457 | | | | | 43,447 | | | | | 4,729,501 | | | Christopher A. Graham | | | | 7,166 | | | | | 493,449 | | | | | 45,855 | | | | | 5,824,294 | | | ||||||||
| Glenn A. Pushis | | | | 27,629 | | | | | 1,721,028 | | | | | 47,985 | | | | | 5,225,122 | | | Glenn A. Pushis | | | | 8,898 | | | | | 689,178 | | | | | 46,779 | | | | | 6,005,146 | | | ||||||||
| Barry T. Schneider | | | | 27,629 | | | | | 1,528,616 | | | | | 47,985 | | | | | 5,225,122 | | |
| Name | | Benefit | | Termination without Cause or for Good Reason1 | | Death2 | | Termination without Cause or for Good Reason in Connection with Change in Control | | Name | | Benefit | | Termination without Cause or for Good Reason1 | | Death2 | | Termination without Cause or for Good Reason in Connection with Change in Control | | ||||||||||||||||||||||||||
| Mark D. Millett | | | Lump sum cash payment | | | $ | 2,860,000 | | | | $ | — | | | | $ | 11,340,000 | | | Mark D. Millett | | | Lump sum cash payment | | | $ | 2,970,000 | | | | $ | — | | | | $ | 13,172,500 | | | ||||||
| Accelerated vesting of unvested equity awards | | | | | | | | | 19,397,163 | | | | | 19,397,163 | | | | Accelerated vesting of unvested equity awards | | | | | | | | | 17,541,275 | | | | | 17,541,275 | | | |||||||||||
| Continuation of health care benefits | | | | | | | | | | | | | | 28,117 | | | | Continuation of health care benefits | | | | | | | | | | | | | | 30,170 | | | |||||||||||
| Theresa E. Wagler | | | Lump sum cash payment | | | | 1,460,000 | | | | | — | | | | | 4,342,500 | | | Theresa E. Wagler | | | Lump sum cash payment | | | | 1,550,000 | | | | | — | | | | | 5,113,125 | | | ||||||
| Accelerated vesting of unvested equity awards | | | | | | | | | 9,131,042 | | | | | 9,131,042 | | | | Accelerated vesting of unvested equity awards | | | | | | | | | 8,393,721 | | | | | 8,393,721 | | | |||||||||||
| Continuation of health care benefits | | | | | | | | | | | | | | 12,858 | | | | Continuation of health care benefits | | | | | | | | | | | | | | 13,761 | | | |||||||||||
| Christopher A. Graham | | | Lump sum cash payment | | | | 1,140,000 | | | | | — | | | | | 2,932,500 | | | Barry T. Schneider | | | Lump sum cash payment | | | | 1,700,000 | | | | | — | | | | | 4,735,625 | | | ||||||
| Accelerated vesting of unvested equity awards | | | | | | | | | 6,076,549 | | | | | 6,076,549 | | | | Accelerated vesting of unvested equity awards | | | | | | | | | 7,172,331 | | | | | 7,172,331 | | | |||||||||||
| Continuation of health care benefits | | | | | | | | | | | | | | 32,729 | | | | Continuation of health care benefits | | | | | | | | | | | | | | 35,126 | | | |||||||||||
| Glenn A. Pushis | | | Lump sum cash payment | | | | 1,220,000 | | | | | — | | | | | 3,172,500 | | | Christopher A. Graham | | | Lump sum cash payment | | | | 1,230,000 | | | | | — | | | | | 3,588,750 | | | ||||||
| Accelerated vesting of unvested equity awards | | | | | | | | | 6,464,223 | | | | | 6,464,223 | | | | Accelerated vesting of unvested equity awards | | | | | | | | | 5,612,939 | | | | | 5,612,939 | | | |||||||||||
| Continuation of health care benefits | | | | | | | | | | | | | | 28,117 | | | | Continuation of health care benefits | | | | | | | | | | | | | | 35,126 | | | |||||||||||
| Barry T. Schneider | | | Lump sum cash payment | | | | 1,220,000 | | | | | — | | | | | 3,172,500 | | | Glenn A. Pushis | | | Lump sum cash payment | | | | 1,280,000 | | | | | — | | | | | 3,772,500 | | | ||||||
| Accelerated vesting of unvested equity awards | | | | | | | | | 6,464,223 | | | | | 6,464,223 | | | | Accelerated vesting of unvested equity awards | | | | | | | | | 6,212,532 | | | | | 6,212,532 | | | |||||||||||
| Continuation of health care benefits | | | | | | | | | | | | | | 32,729 | | | | Continuation of health care benefits | | | | | | | | | | | | | | 13,761 | | |
| | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | ||||||||||||||||||||||||||||||||
| Year (a) | | Summary Compensation Table Total for PEO ($) (b)1 | | Compensation Actually Paid to PEO ($)(c)2 | | Average Summary Compensation Table Total for Non-PEO NEOs ($) (d)3 | | Average Compensation Actually Paid to Non-PEO NEOs ($)(e)2 | | Company Total Shareholder Return ($) (f) | | Peer Group Total Shareholder Return ($) (g)4 | | Net Income (in millions) ($) (h)5 | | Pre-Tax Return on Equity (i) | | Year (a) | | Summary Compensation Table Total for PEO ($) (b)1 | | Compensation Actually Paid to PEO ($)(c)2 | | Average Summary Compensation Table Total for Non-PEO NEOs ($) (d)3 | | Average Compensation Actually Paid to Non-PEO NEOs ($)(e)2 | | Company Total Shareholder Return ($) (f) | | Peer Group Total Shareholder Return ($) (g)4 | | Net Income (in millions) ($) (h)5 | | Pre-Tax Return on Equity (i) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | | | $ | 11,234,457 | | | | $ | 34,801,768 | | | | $ | 5,046,515 | | | | $ | 10,577,592 | | | | $ | 308 | | | | $ | 249 | | | | $ | 3,863 | | | | | 68% | | | 2023 | | | $ | 11,823,662 | | | | $ | 26,494,892 | | | | $ | 5,249,637 | | | | $ | 10,059,306 | | | | $ | 379 | | | | $ | 324 | | | | $ | 2,451 | | | | | 38% | | | ||||||||||||||||
| 2021 | | | | 10,999,918 | | | | | 30,540,286 | | | | | 4,047,731 | | | | | 9,221,379 | | | | | 193 | | | | | 214 | | | | | 3,214 | | | | | 81% | | | 2022 | | | | 11,234,457 | | | | | 34,801,768 | | | | | 5,046,515 | | | | | 10,577,592 | | | | | 308 | | | | | 249 | | | | | 3,863 | | | | | 68% | | | ||||||||||||||||
| 2020 | | | | 10,976,625 | | | | | 14,341,620 | | | | | 3,603,810 | | | | | 4,586,970 | | | | | 112 | | | | | 98 | | | | | 551 | | | | | 17% | | | 2021 | | | | 10,999,918 | | | | | 30,540,286 | | | | | 4,047,731 | | | | | 9,221,379 | | | | | 193 | | | | | 214 | | | | | 3,214 | | | | | 81% | | | ||||||||||||||||
| 2020 | | | | 10,976,625 | | | | | 14,341,620 | | | | | 3,603,810 | | | | | 4,586,970 | | | | | 112 | | | | | 98 | | | | | 551 | | | | | 17% | | |
| | | PEO | | Average Non-PEO NEOs | | | | PEO | | Average Non-PEO NEOs | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Year | | Fair Value of Awards Granted | | Change in Value of Prior Years’ Awards Unvested | | Change in Value of Prior Years’ Awards that Vested | | Total Equity Value Included in CAP | | Fair Value of Awards Granted | | Change in Value of Prior Years’ Awards Unvested | | Change in Value of Prior Years’ Awards that Vested | | Total Equity Value Included in CAP | | Year | | Fair Value of Awards Granted | | Change in Value of Prior Years’ Awards Unvested | | Change in Value of Prior Years’ Awards that Vested | | Total Equity Value Included in CAP | | Fair Value of Awards Granted | | Change in Value of Prior Years’ Awards Unvested | | Change in Value of Prior Years’ Awards that Vested | | Total Equity Value Included in CAP | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | | | $ | 9,563,127 | | | | $ | 17,524,779 | | | | $ | 1,126,102 | | | | $ | 28,214,008 | | | | $ | 4,029,198 | | | | $ | 3,555,421 | | | | $ | 396,582 | | | | $ | 7,981,201 | | | 2023 | | | $ | 5,652,135 | | | | $ | 8,782,143 | | | | $ | 5,260,239 | | | | $ | 19,694,517 | | | | $ | 2,395,963 | | | | $ | 3,068,741 | | | | $ | 1,469,836 | | | | $ | 6,934,540 | | | ||||||||||||||||
| 2021 | | | | 10,128,715 | | | | | 13,328,783 | | | | | 2,076,303 | | | | | 25,533,801 | | | | | 2,708,162 | | | | | 3,758,692 | | | | | 595,818 | | | | | 7,062,672 | | | 2022 | | | | 9,563,127 | | | | | 17,524,779 | | | | | 1,126,102 | | | | | 28,214,008 | | | | | 4,029,198 | | | | | 3,555,421 | | | | | 396,582 | | | | | 7,981,201 | | | ||||||||||||||||
| 2020 | | | | 7,351,026 | | | | | 3,887,491 | | | | | (1,800,991) | | | | | 9,437,526 | | | | | 1,932,332 | | | | | 1,079,519 | | | | | (426,758) | | | | | 2,585,093 | | | 2021 | | | | 10,128,715 | | | | | 13,328,783 | | | | | 2,076,303 | | | | | 25,533,801 | | | | | 2,708,162 | | | | | 3,758,692 | | | | | 595,818 | | | | | 7,062,672 | | | ||||||||||||||||
| 2020 | | | | 7,351,026 | | | | | 3,887,491 | | | | | (1,800,991) | | | | | 9,437,526 | | | | | 1,932,332 | | | | | 1,079,519 | | | | | (426,758) | | | | | 2,585,093 | | |
| | |
| Pre-Tax Return on Equity | |
| Pre-Tax Return on Assets | |
| Total Net Sales | |
Advisory Votes on the Compensation of the Named Executive Officers |
| Proposal #3 | | | Advisory Vote to Approve the Compensation Executive Officers | |
| Proposal #4 | | | Approval of the Steel Dynamics, Inc. | |
| | | Type of Award | | | | Number of shares purchased pursuant to Expiring Plan in 2023 | | ||||||||||||||||||||||||||||||||||||||||||||
| Name and Position | | | Restricted Stock Units | | LTIP | | Deferred Stock Units | | Name and Position | | Dollar Value | | Number of Units | | |||||||||||||||||||||||||||||||||||||
| Dollar Value | | Number of Units | | Dollar Value | | Number of Units | | Dollar Value | | Number of Units | | Mark Millett – Chairman and Chief Executive Officer | | | $ | ― | | | | | ― | | | ||||||||||||||||||||||||||||
| Mark Millett-Chairman, President and Chief Executive Officer | | | $ | 2,144,197 | | | | | 35,663 | | | | $ | 2,502,500 | | | | | 40,586 | | | | | | | | | | | | | Theresa E. Wagler – Executive Vice President, Chief Financial Officer and Corporate Secretary | | | | ― | | | | | ― | | | ||||||||
| Theresa E. Wagler-Executive Vice President, Chief Financial Officer and Corporate Secretary | | | | 952,696 | | | | | 15,660 | | | | | 1,095,000 | | | | | 17,759 | | | | | | | | | | | | | Barry T. Schneider – President and Chief Operating Officer | | | | ― | | | | | ― | | | ||||||||
| Russell B. Rinn-Former Executive Vice President Metals Recycling (retired August 2022) | | | | 4,611,195 | | | | | 54,009 | | | | | 762,500 | | | | | 12,367 | | | | | | | | | | | | | Christopher A. Graham – Senior Vice President, Flat Roll Steel Group | | | | ― | | | | | ― | | | ||||||||
| Christopher A. Graham – Senior Vice President, Long Products Steel Group | | | | 715,186 | | | | | 11,745 | | | | | 855,000 | | | | | 13,867 | | | | | | | | | | | | | Glenn A. Pushis – Senior Vice President, Special Projects | | | | ― | | | | | ― | | | ||||||||
| Glenn A. Pushis-Senior Vice President, Special Projects | | | | 714,522 | | | | | 11,745 | | | | | 915,000 | | | | | 14,840 | | | | | | | | | | | | | Executive Group | | | | ― | | | | | ― | | | ||||||||
| Barry T. Schneider-Senior Vice President, Flat Roll Steel Group | | | | 714,522 | | | | | 11,745 | | | | | 915,000 | | | | | 14,840 | | | | | | | | | | | | | Non-Employee Directors | | | | ― | | | | | ― | | | ||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Non-Executive Officer Employees | | | | 12,050,550 | | | | | 10,393 | | | ||||||||
| Executive Group | | | | 11,044,944 | | | | | 160,035 | | | | | 8,462,500 | | | | | 137,246 | | | | | | | | | | | | | Total | | | $ | 12,050,550 | | | | | 10,393 | | | ||||||||
| Non-Employee Directors | | | | | | | | | | | | | | | | | | | | | | | $ | 2,006,769 | | | | | 23,988 | | | ||||||||||||||||||||
| Non-Executive Officer Employees | | | | 33,098,576 | | | | | 372,997 | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||||||
| Total | | | $ | 44,143,520 | | | | | 533,032 | | | | $ | 8,462,500 | | | | | 137,246 | | | | $ | 2,006,769 | | | | | 23,988 | | |
| Plan Category | | (a) Number of securities to be issued upon exercise of outstanding options, warrants and rights | | (b) Weighted average exercise price of outstanding options, warrants and rights1 | | (c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | | Plan Category | | (a) Number of securities to be issued upon exercise of outstanding options, warrants and rights | | (b) Weighted-average exercise price of outstanding options, warrants and rights | | (c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | | ||||||||||||||||||||||||
| Equity compensation plans approved by security holders: | | | | | | | | | | | | | | | | | Equity compensation plans approved by security holders: | | | | | | | | | | | | | | | | | ||||||
| 2015 Plan and predecessor 2006 Plan1 | | | | 1,269,187 | | | | | — | | | | | 2,348,764 | | | 2014 Plan1 | | | | — | | | | | — | | | | | — | | | ||||||
| 2018 Plan | | | | 66,490 | | | | | — | | | | | 1,363,297 | | | 2018 Plan | | | | 95,487 | | | | | — | | | | | 1,334,300 | | | ||||||
| Equity compensation plans not approved by security holders | | | | N/A | | | | | N/A | | | | | N/A | | | 2023 Plan2 | | | | 1,438,945 | | | | | — | | | | | 7,493,534 | | | ||||||
| Total | | | | 1,335,677 | | | | | — | | | | | 3,712,061 | | | Equity compensation plans not approved by security holders | | | | N/A | | | | | N/A | | | | | N/A | | | ||||||
| Total | | | | 1,534,432 | | | | | — | | | | | 8,827,834 | | |
| Proposal #5 | | | Shareholder Proposal — Adopt a Shareholder Right to Call a Special Shareholder Meeting | |
| Proposal 5 — Adopt a Shareholder Right to Call a Special Shareholder Meeting | |
| | |
| Shareholders ask our board to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting (or the lowest percentage according to state law) regardless of length of stock ownership also in accordance with state law. And to enable street name shareholders and non street name shareholder to have as much equal rights in calling for a special shareholder meeting as allowed by state law. This includes making the necessary changes in plain English. | |
| Calling for a special shareholder meeting is hardly ever used by shareholders but the main point of the right to call for a special shareholder meeting is that it gives shareholders at least significant standing to engage effectively with management. | |
| Management will have an incentive to genuinely engage with shareholders instead of stonewalling if shareholders have a realistic Plan B option of calling a special shareholder meeting. Often the management of a company will claim that shareholders have multiple means to communicate with management — but in most cases these are low impact means that are as effective as mailing a post card to the CEO. A reasonable shareholder right to call a special shareholder meeting is an important step for effective shareholder engagement with management. | |
| Since a special shareholder meeting can be called to replace a director, adoption of this proposal could foster better performance by our directors. For instance Mark Millett, Chairman & CEO, James Marcuccilli, Lead Director and Bradley Seaman, Audit Committee Member each received 3-times the withheld votes as certain other Steel Dynamics directors. | |
| With the widespread use of online shareholder meetings it is much easier for management to conduct a special shareholder meeting and our bylaws thus need to be updated accordingly. | |
| Please vote yes: | |
| Adopt a Shareholder Right to Call a Special Shareholder Meeting — Proposal 5 | |
✓ Our Board and management are committed to active shareholder engagement and responding to shareholder feedback. We regularly reach out to our investor base to discuss various topics important to both them and us. This process aids our senior leadership and the Board to ensure issues important to our investors are appropriately understood and considered. |
| Position | | | Annual Grant Value | | |||
| Chief Executive Officer | | | | $ | 87,000.00 | | |
| Executive Vice President | | | | | 69,600.00 | | |
| Senior Vice President or Vice President | | | | | 52,200.00 | | |
| Category A | | | | | 39,100.00 | | |
| Category B | | | | | 26,100.00 | | |
| Category C | | | | | 19,600.00 | | |
| Category D | | | | | 13,000.00 | | |
| Category E | | | | | 10,900.00 | | |
| Category F | | | | | 8,700.00 | | |
| Category G | | | | | 2,200.00 | | |