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Companies RADIUS RECYCLING, INC.

RADIUS RECYCLING (RDUS): executive pay, fiscal 2024

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CEO total pay$4,912,875CEO Tamara Lundgren · source
CEO vs. named peers7th pct.Of 17 peer CEOs

CEO pay, last three years

  • $7,229,882FY2022
  • $5,009,099FY2023
  • $4,912,875FY2024

CEO total pay was $4,912,875 in fiscal 2024, down from $5,009,099 in fiscal 2023.

FY2024: salary $1,200,766 · bonus $0 · stock awards $3,348,791 · option awards $0

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Full detail

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Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tamara Lundgren$1,200,766$0$3,348,791$0$143,540$152,469$67,309$4,912,875
Chairman, President and Chief Executive Officer
Richard Peach619,95401,507,658051,644016,7062,195,962
Former Executive Vice President and Chief Strategy Officer (7)
Steven Heiskell578,2750789,959047,781016,1761,432,191
Senior Vice President and President, Recycling Services
Stefano Gaggini620,7690699,952041,846016,3761,378,943
Senior Vice President and Chief Financial Officer
Brian Souza633,9080499,965041,915016,4631,192,251
Senior Vice President and Chief Operations Management Officer
James Vaughn568,26968,869499,965036,185016,1241,189,412
Senior Vice President, General Counsel,

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Tamara Lundgren$4,912,875$5,009,099$7,229,882↓ −96,224
Richard Peach2,195,9621,912,5142,755,341↑ +283,448
Steven Heiskell1,432,1911,478,9722,124,056↓ −46,781
Stefano Gaggini1,378,9431,123,1781,481,055↑ +255,765
Brian Souza1,192,251———
James Vaughn1,189,4121,383,810—↓ −194,398

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is to promote the creation of long-term shareholder value, recruit and retain qualified high-performing executive officers, motivate high levels of performance, and be competitive in the market for talent. The program emphasizes delivering compensation at a competitive market level that allows executives to earn competitive total compensation when they demonstrate consistent on-target performance over a multi-year period.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Richard PeachRSU2024-07-02——34,172—$501,303
Tamara LundgrenRSU2023-11-10——71,586—1,674,397
Tamara LundgrenPSU2023-11-10174,983349,967—699,934349,967
Stefano GagginiPSU2023-11-10197,486394,972—789,944394,972
Stefano GagginiRSU2023-11-10——14,963—349,985
Steven HeiskellRSU2023-11-10——16,887—394,987
Steven HeiskellPSU2023-11-10124,987249,973—499,947249,973
Richard PeachRSU2023-11-10——21,513—503,189
Brian SouzaRSU2023-11-10——10,688—249,992
Brian SouzaPSU2023-11-10124,987249,973—499,947249,973
James VaughnRSU2023-11-10——10,688—249,992
James VaughnPSU2023-11-10251,583503,166—1,006,332503,166

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Peach$1,004,492$0$00.0%
Tamara Lundgren1,674,397349,967017.3%
Stefano Gaggini349,985394,972053.0%
Steven Heiskell394,987249,973038.8%
Brian Souza249,992249,973050.0%
James Vaughn249,992503,166066.8%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
ThatRSU2,016—$30,522
ThatRSU2,148—32,521
ThatRSU2,696—40,817
Tamara LundgrenRSU3,024—45,783
Tamara LundgrenRSU3,436—52,021
ThatRSU3,773—57,123
Richard PeachPSU4,154—62,892
Tamara LundgrenRSU4,492—68,009
Stefano GagginiRSU5,041—76,321
Stefano GagginiRSU5,655—85,617
Tamara LundgrenRSU6,038—91,415
Brian SouzaRSU6,038—91,415
James VaughnRSU6,452—97,683
Stefano GagginiRSU7,076—107,131
James VaughnRSU7,204—109,069
Brian SouzaPSU7,803—118,137
James VaughnPSU7,803—118,137
James VaughnRSU9,057—137,123
Stefano GagginiRSU9,937—150,446
Brian SouzaRSU10,688—161,816
Stefano GagginiPSU10,925—165,405
Steven HeiskellPSU12,330—186,676
James VaughnRSU12,659—191,657
Stefano GagginiRSU14,963—226,540
Steven HeiskellRSU16,887—255,669
Richard PeachRSU21,513—325,707
ThatRSU23,970—362,906
ThatRSU24,227—366,797
ThatRSU34,010—514,911
ThatRSU42,124—637,757
Tamara LundgrenPSU52,271—791,383
Tamara LundgrenRSU71,586—1,083,812
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David L. JahnkeIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance (Chair)$133,750$119,988———$275,662
Glenda J. MinorIndependent · Audit (Chair) · Nominating and Corporate Governance120,000119,988———239,988
Michael W. SutherlinNot independent · Departed during FY113,750119,988———233,738
Rhonda D. HunterIndependent · Compensation and Human Resources (Chair) · Nominating and Corporate Governance113,000119,988———232,988
Gregory R. FriedmanIndependent · Audit · Compensation and Human Resources107,500119,988———227,488
Leslie L. ShoemakerIndependent · Nominating and Corporate Governance95,000119,988———214,988
Mauro GregorioIndependent · Audit · Compensation and Human Resources · Newly elected000000
TAMARA L. LUNDGRENEmployee director · Board Chair—————0

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$120,000
Per board meeting fee$0
Committee chair fees (audit / comp / nom-gov)25,000 / 18,000 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2024
Cash retainers and fees$683,000
Equity awards (grant-date value)$719,928
All other compensation$0
Total cost of the board$1,402,928

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names RADIUS RECYCLING as a peer

Companies that benchmark against RDUS

9 companies name RDUS as a compensation peer

Each company listed discloses RDUS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named RDUS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies RADIUS RECYCLING, INC. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including RADIUS RECYCLING, INC..

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Cleveland-Cliffs Inc.2025Lourenco Goncalves$2,201,000$12,874,374$0$3,345,520$19,023,041
2Ryerson Holding Corporation2025Edward Lehner1,200,00016,127,6000451,50017,857,908
3Nucor Corporation2025Leon J. Topalian1,560,0008,895,2732,000,0002,486,20314,945,471
4ATI Inc.2025Kimberly Fields950,00010,051,70002,295,79413,512,737
5Carpenter Technology Corporation2026Tony Thene1,055,3568,250,41802,924,78412,393,230
6Steel Dynamics Inc.2025Mark Millett1,535,0005,095,406—5,372,50012,059,908
7Cabot Corporation2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
8Tronox Holdings2025John Romano1,100,0005,658,66101,052,4808,254,510
9Commercial Metals Co.2025Peter Matt1,084,6165,505,80501,322,5308,022,901
10Kaiser Aluminum Corporation2025Keith Harvey1,000,0004,212,18802,127,5007,914,836
11Minerals Technologies Inc.2025Douglas Dietrich1,050,0002,310,022768,8032,891,1607,405,693
12Century Aluminum Co.2025Jesse Gary980,3853,827,93101,636,8007,166,252
13Enviri Corporation2025F. Nicholas Grasberger III1,014,2693,278,410950,881631,4845,972,813
14Worthington Industries, Inc.2026Joseph Hayek784,1352,482,43501,778,7005,192,043
15RADIUS RECYCLING, INC.2024Tamara Lundgren1,200,7663,348,7910143,5404,912,875
16SunCoke Energy Inc.2025Katherine Gates975,0002,047,011—1,028,7064,401,365
—United States Steel Corporation——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
RADIUS RECYCLING, INC.not disclosedRSU 50 · PSU 50not disclosedPearl Meyer
ATI Inc.not disclosedPSU 70 · RSU 30not disclosedMeridian Compensation Partners, LLC
Cabot Corporation90%not disclosedNoMeridian Compensation Partners
Carpenter Technology Corporationnot disclosedPSU 50 · RSU 50Yes — Total Stockholder Return (TSR)not disclosed
Century Aluminum Co.not disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
Cleveland-Cliffs Inc.not disclosedPerformance Cash 34 · PSU 33 · RSU 33not disclosedPearl Meyer & Partners, LLC
Commercial Metals Co.not disclosednot disclosednot disclosedFW Cook
Enviri Corporationnot disclosedPSU 50 · RSU 25 · SAR 25Yes — Total Stockholder Return (TSR) performance relative to the S&P 600 Industrials IndexPearl Meyer & Partners, LLP
Kaiser Aluminum Corporationnot disclosednot disclosednot disclosedMeridian
Minerals Technologies Inc.not disclosednot disclosednot disclosedFW Cook
Nucor Corporation177.08%Cash LTI 50NoPearl Meyer & Partners, LLC
Ryerson Holding Corporation30%PSU 67 · RSU 33NoCompensation Advisory Partners (CAP)
Steel Dynamics Inc.350%PSU 53 · RSU 47NoPearl Meyer & Partners, LLC
SunCoke Energy Inc.not disclosednot disclosednot disclosedMeridian
Tronox Holdingsnot disclosedRSU 50 · PRSU 50not disclosedFrederic W. Cook & Co. (FW Cook) and FIT Remuneration Consultants, LLP
United States Steel Corporationnot disclosednot disclosednot disclosednot disclosed
Worthington Industries, Inc.not disclosednot disclosednot disclosedWTW

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (60 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Tamara Lundgren. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 4,912,875. View filing ↗
  • Section 01, Richard Peach. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 2,195,962. View filing ↗
  • Section 01, Steven Heiskell. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 1,432,191. View filing ↗
  • Section 01, Stefano Gaggini. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 1,378,943. View filing ↗
  • Section 01, Brian Souza. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 1,192,251. View filing ↗
  • Section 01, James Vaughn. DEF 14A, filed 2024-12-16. Section “Executive Compensation”. As printed: 1,189,412. View filing ↗
  • Section 03, Richard Peach RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Tamara Lundgren RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Tamara Lundgren PSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Stefano Gaggini PSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Stefano Gaggini RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Heiskell RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Heiskell PSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Peach RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Souza RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Souza PSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Vaughn RSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Vaughn PSU. DEF 14A, filed 2024-12-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 08, David L. Jahnke. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 275,662. View filing ↗
  • Section 08, Glenda J. Minor. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 239,988. View filing ↗
  • Section 08, Michael W. Sutherlin. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 233,738. View filing ↗
  • Section 08, Rhonda D. Hunter. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 232,988. View filing ↗
  • Section 08, Gregory R. Friedman. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 227,488. View filing ↗
  • Section 08, Leslie L. Shoemaker. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 214,988. View filing ↗
  • Section 08, Mauro Gregorio. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, TAMARA L. LUNDGREN. DEF 14A, filed 2024-12-16. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 683,000 + equity 719,928 + all other 0 = 1,402,928, summed across the director compensation table rows.
  • Cleveland-Cliffs Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Cleveland-Cliffs Inc.'s own proxy. As printed: 19,023,041. View filing ↗
  • Ryerson Holding Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Ryerson Holding Corporation's own proxy. As printed: 17,857,908. View filing ↗
  • Nucor Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Nucor Corporation's own proxy. As printed: 14,945,471. View filing ↗
  • ATI Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in ATI Inc.'s own proxy. As printed: 13,512,737. View filing ↗
  • Carpenter Technology Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-11. CEO total compensation as printed in Carpenter Technology Corporation's own proxy. As printed: 12,393,230. View filing ↗
  • Steel Dynamics Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Steel Dynamics Inc.'s own proxy. As printed: 12,059,908. View filing ↗
  • Cabot Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. View filing ↗
  • Tronox Holdings, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Tronox Holdings's own proxy. As printed: 8,254,510. View filing ↗
  • Commercial Metals Co., Section 10b CEO total. DEF 14A, filed 2025-11-25. CEO total compensation as printed in Commercial Metals Co.'s own proxy. As printed: 8,022,901. View filing ↗
  • Kaiser Aluminum Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Kaiser Aluminum Corporation's own proxy. As printed: 7,914,836. View filing ↗
  • Minerals Technologies Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Minerals Technologies Inc.'s own proxy. As printed: 7,405,693. View filing ↗
  • Century Aluminum Co., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Century Aluminum Co.'s own proxy. As printed: 7,166,252. View filing ↗
  • Enviri Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Enviri Corporation's own proxy. As printed: 5,972,813. View filing ↗
  • Worthington Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-13. CEO total compensation as printed in Worthington Industries, Inc.'s own proxy. As printed: 5,192,043. View filing ↗
  • RADIUS RECYCLING, INC. (subject), Section 10b CEO total. DEF 14A, filed 2024-12-16. CEO total compensation as printed in RADIUS RECYCLING, INC.'s own proxy. As printed: 4,912,875. View filing ↗
  • SunCoke Energy Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in SunCoke Energy Inc.'s own proxy. As printed: 4,401,365. View filing ↗
  • Section 10a, Century Aluminum Co. reciprocity. DEF 14A. Century Aluminum Co. names RADIUS RECYCLING, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Worthington Industries, Inc. reciprocity. DEF 14A. Worthington Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Steel Dynamics Inc. reciprocity. DEF 14A. Steel Dynamics Inc.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Nucor Corporation reciprocity. DEF 14A. Nucor Corporation's most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Kaiser Aluminum Corporation reciprocity. DEF 14A. Kaiser Aluminum Corporation names RADIUS RECYCLING, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Enviri Corporation reciprocity. DEF 14A. Enviri Corporation's most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Ryerson Holding Corporation reciprocity. DEF 14A. Ryerson Holding Corporation names RADIUS RECYCLING, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Minerals Technologies Inc. reciprocity. DEF 14A. Minerals Technologies Inc.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Cleveland-Cliffs Inc. reciprocity. DEF 14A. Cleveland-Cliffs Inc.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, ATI Inc. reciprocity. DEF 14A. ATI Inc.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Tronox Holdings reciprocity. DEF 14A. Tronox Holdings's most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Commercial Metals Co. reciprocity. DEF 14A. Commercial Metals Co.'s most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, Carpenter Technology Corporation reciprocity. DEF 14A. Carpenter Technology Corporation's most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
  • Section 10a, SunCoke Energy Inc. reciprocity. DEF 14A. SunCoke Energy Inc. names RADIUS RECYCLING, INC. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Cabot Corporation reciprocity. DEF 14A. Cabot Corporation's most recent proxy was read; its disclosed peer group does not include RADIUS RECYCLING, INC.. View filing ↗
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