Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-08

Steel Dynamics (STLD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,059,908
Mark Millett total, FY2025
1st
CEO pay percentile vs peers
115:1
CEO-to-median pay ratio
94.14%
Say-on-pay support, latest vote
Companies that benchmark against STLD
4 companies name STLD as a compensation peer

Each company listed discloses STLD 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 STLD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mark Millett$1,535,000$0$5,095,406$0$5,372,500$0$57,002$12,059,908
Co-founder, Chairman and Chief Executive Officer
Barry Schneider925,00002,774,80003,237,500049,0436,986,343
President and Chief Operating Officer
Theresa Wagler850,00002,643,20602,975,000049,1266,517,332
Executive Vice President, Chief Financial Officer and Corporate Secretary
Glenn Pushis705,00001,877,44302,115,000049,6054,747,048
Former Senior Vice President, Special Projects
Christopher Graham705,00002,074,96901,410,000050,3374,240,306
Senior Vice President, Flat Roll Steel Group

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mark Millett$12,059,908
Barry Schneider6,986,343
Theresa Wagler6,517,332
Glenn Pushis4,747,048
Christopher Graham4,240,306

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Theresa WaglerRSU2025-11-21455$67,904
Christopher GrahamRSU2025-02-205,834767,717
Christopher GrahamRSU2025-11-2134152,211
Mark MillettPSU2025-02-2024,00024,00047,9992,686,320
Mark MillettRSU2025-02-2017,6452,321,966
Glenn PushisRSU2025-11-2134152,211
Mark MillettRSU2025-11-2156987,120
Glenn PushisRSU2025-02-205,834767,717
Theresa WaglerRSU2025-02-208,2661,087,752
Glenn PushisPSU2025-02-209,4489,44818,8961,057,515
Christopher GrahamPSU2025-02-209,4489,44818,8961,057,515
Barry SchneiderRSU2025-02-208,1391,071,038
Barry SchneiderPSU2025-02-2014,46314,46328,9251,618,844
Barry SchneiderRSU2025-11-2156984,918
Theresa WaglerPSU2025-02-2013,29013,29026,5801,487,550
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Theresa Wagler$1,155,656$1,487,550$056.3%
Christopher Graham819,9281,057,515056.3%
Mark Millett2,409,0862,686,320052.7%
Glenn Pushis819,9281,057,515056.3%
Barry Schneider1,155,9561,618,844058.3%

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

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Christopher GrahamPSU14,000$2,984,000
Glenn PushisPSU14,0002,984,000
Barry SchneiderRSU3,742634,082
Mark MillettRSU6,1881,048,557
Mark MillettPSU11,8482,007,644
Theresa WaglerRSU9,1201,545,384
Christopher GrahamPSU9,4481,600,964
Christopher GrahamRSU8,2501,758,000
Theresa WaglerRSU48482,014
Theresa WaglerRSU3,742634,082
Barry SchneiderPSU14,4632,450,755
Barry SchneiderRSU56996,417
Christopher GrahamRSU6,5371,107,695
Christopher GrahamRSU3,742634,082
Christopher GrahamRSU4,368740,158
Glenn PushisPSU9,4481,600,964
Barry SchneiderRSU604102,348
Mark MillettRSU19,7713,350,196
Mark MillettRSU4,989845,386
Theresa WaglerRSU8,2661,400,674
Theresa WaglerPSU14,0002,984,000
Barry SchneiderRSU8,2501,758,000
Theresa WaglerPSU13,2902,251,991
Theresa WaglerRSU45577,100
Theresa WaglerRSU5,884997,044
Barry SchneiderRSU8,1391,379,154
Barry SchneiderPSU8,4521,432,191
Christopher GrahamPSU8,4521,432,191
Glenn PushisRSU6,5371,107,695
Mark MillettPSU56,00011,920,000
Mark MillettRSU24,3195,180,000
Theresa WaglerRSU8,2501,758,000
Barry SchneiderPSU14,0002,984,000
Glenn PushisRSU8,2501,758,000
Theresa WaglerPSU13,0252,207,086
Barry SchneiderRSU4,368740,158
Christopher GrahamRSU5,834988,571
Mark MillettPSU24,0004,066,800
Mark MillettRSU9,2621,569,446
Glenn PushisRSU5,834988,571
Christopher GrahamRSU733124,207
Mark MillettRSU17,6452,989,945
05

Incentive-plan design — the Compensation Discussion & Analysis

While the type of executive we seek to attract and retain might have the opportunity to work elsewhere at a higher base salary, we believe that he or she will want to work for us because of the opportunity to earn a higher multiple of that base salary in years in which his or her efforts have contributed to a substantially more profitable year for the Company, our team members and our shareholders.

CEO STI target (% of salary)175%
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-06114,604,6547,138,942424,15794.14%Passed
20252025-04-25114,802,3179,001,071407,05392.73%Passed
20242024-05-09123,502,26510,472,095778,45492.18%Passed
20232023-05-11132,030,43211,134,656913,77792.22%Passed
20222022-05-05151,929,9638,893,584225,52294.34%Passed
20212021-05-19155,486,39210,747,748195,88493.42%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0694.14%a
20252025-04-2592.73%b
20242024-05-0992.18%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either "for" or "against" a director's election and therefore will have no effect on the outcome.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either "for" or "against" a director's election and therefore will have no effect on the outcome.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes cast either "for" or "against" a director's election and therefore will have no effect on the outcome.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)115 : 1
CEO total compensation$12,059,908
Median employee compensation$104,530
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Kenneth W. CornewIndependent · Lead Independent Director · Corporate Governance and Nominating · Compensation$202,500$185,097$0$0$0$387,597
Traci M. DolanIndependent · Audit (Chair) · Corporate Governance and Nominating167,500185,097000352,597
Bradley S. SeamanIndependent · Corporate Governance and Nominating (Chair) · Compensation162,500185,097000347,597
Luis M. SierraIndependent · Audit · Compensation (Chair)152,500185,097000337,597
Richard P. Teets, JrIndependent142,500185,097000327,597
Sheree L. BargabosIndependent · Audit · Compensation142,500185,097000327,597
Gabriel L. ShaheenIndependent · Audit · Compensation142,500185,097000327,597
Jennifer L. HamannIndependent · Audit · Corporate Governance and Nominating142,500185,097000327,597
Mark D. MillettEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$150,000
Annual equity retainer$185,097
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline$750,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,255,000
Equity awards (grant-date value)$1,480,776
All other compensation$0
Total cost of the board$2,735,776

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

10

Disclosed peer group — fiscal year 2025

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

10a

Peer reciprocity

Of the companies Steel Dynamics 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 Steel Dynamics.

10b

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
1Cummins, Inc.2025Jennifer Rumsey$1,533,750$6,429,004$0$6,975,656$19,905,532
2AGCO Corporation2025Eric Hansotia1,400,00013,215,92203,651,20019,657,541
3Newmont Corporation2025Tom Palmer1,435,00010,094,35103,339,60415,625,168
4Illinois Tool Works Inc.2025Christopher A. O'Herlihy1,337,2715,249,9575,249,9962,702,38915,211,011
5Nucor Corporation2025Leon J. Topalian1,560,0008,895,2732,000,0002,486,20314,945,471
6Freeport-McMoRan Inc.2025Kathleen Quirk1,400,00011,631,59001,400,70014,808,126
7Alcoa Corporation2025William Oplinger1,298,9259,899,06902,314,68414,002,088
8Reliance, Inc.2025Karla Lewis1,325,0007,653,35002,072,30013,374,389
9PACCAR Inc2025R. Preston Feight1,690,3854,900,5002,174,4851,326,52112,618,865
10Steel Dynamics2025Mark Millett1,535,0005,095,40605,372,50012,059,908
Commercial Metals Companynot in coverage universe
United States Steel Corporationnot in coverage universe
Cleveland-Cliffs Inc.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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Steel Dynamics350%PSU 53 · RSU 47NoPearl Meyer & Partners, LLC
AGCO Corporation163%PSU 60 · RSU 40NoKorn Ferry
Alcoa Corporation118.8%PSU 60 · RSU 40Yes — Relative TSRPay Governance
Cleveland-Cliffs Inc.not disclosednot disclosednot disclosednot disclosed
Commercial Metals Companynot disclosednot disclosednot disclosednot disclosed
Cummins, Inc.90%PSU 70 · Cash LTI 30NoFarient
Freeport-McMoRan Inc.66.7%PSU 75 · RSU 25NoFW Cook
Illinois Tool Works Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners LLC
Newmont Corporation155.15%PSU 67 · RSU 33not disclosedFW Cook
Nucor Corporation177.08%Cash LTI 50NoPearl Meyer
PACCAR Inc62.7%not disclosedNoThe Committee typically retains a compensation consultant to assess the competitiveness of the Company's compensation programs every two years. It did not employ a compensation consultant in 2025.
Reliance, Inc.156.4%PSU 80 · RSU 20NoPay Governance LLC
United States Steel Corporationnot disclosednot disclosednot disclosednot disclosed

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mark MillettDEF 14A2026-03-270001104659-26-035826Section “2025 Summary Compensation Table”. As printed: 12,059,908. Filing ↗machine: t202 · r5 · c17 · span 991109–991119
2Section 01, Barry SchneiderDEF 14A2026-03-270001104659-26-035826Section “2025 Summary Compensation Table”. As printed: 6,986,343. Filing ↗machine: t202 · r12 · c17 · span 1028524–1028533
3Section 01, Theresa WaglerDEF 14A2026-03-270001104659-26-035826Section “2025 Summary Compensation Table”. As printed: 6,517,332. Filing ↗machine: t202 · r8 · c17 · span 1007111–1007120
4Section 01, Glenn PushisDEF 14A2026-03-270001104659-26-035826Section “2025 Summary Compensation Table”. As printed: 4,747,048. Filing ↗machine: t202 · r18 · c17 · span 1060715–1060724
5Section 01, Christopher GrahamDEF 14A2026-03-270001104659-26-035826Section “2025 Summary Compensation Table”. As printed: 4,240,306. Filing ↗machine: t202 · r15 · c17 · span 1044463–1044472
6Section 03, Theresa Wagler RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r14 · c23 · span 1182617–1182623
7Section 03, Christopher Graham RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r23 · c21 · span 1246695–1246700
8Section 03, Christopher Graham RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r24 · c21 · span 1254257–1254260
9Section 03, Mark Millett PSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t189 · r2 · c3 · span 848429–848438
10Section 03, Mark Millett RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r8 · c21 · span 1137656–1137662
11Section 03, Glenn Pushis RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r29 · c23 · span 1289862–1289868
12Section 03, Mark Millett RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r9 · c23 · span 1145350–1145356
13Section 03, Glenn Pushis RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r28 · c23 · span 1282754–1282761
14Section 03, Theresa Wagler RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r13 · c21 · span 1174430–1174435
15Section 03, Glenn Pushis PSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t189 · r6 · c3 · span 859040–859049
16Section 03, Christopher Graham PSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t189 · r5 · c3 · span 856368–856377
17Section 03, Barry Schneider RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r18 · c23 · span 1210495–1210504
18Section 03, Barry Schneider PSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t189 · r4 · c3 · span 853732–853741
19Section 03, Barry Schneider RSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t204 · r19 · c23 · span 1217605–1217611
20Section 03, Theresa Wagler PSUDEF 14A2026-03-270001104659-26-035826Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t189 · r3 · c3 · span 851055–851064
21Section 07, pay ratioDEF 14A2026-03-270001104659-26-035826Section “CEO Pay Ratio”. As printed: 115 : 1. Filing ↗
22Section 08, Kenneth W. CornewDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 387,597. Filing ↗machine: t131 · r4 · c9 · span 531604–531611
23Section 08, Traci M. DolanDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 352,597. Filing ↗machine: t131 · r5 · c9 · span 534263–534270
24Section 08, Bradley S. SeamanDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 347,597. Filing ↗machine: t131 · r7 · c9 · span 539778–539785
25Section 08, Luis M. SierraDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 337,597. Filing ↗machine: t131 · r9 · c9 · span 545290–545297
26Section 08, Richard P. Teets, JrDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 327,597. Filing ↗machine: t131 · r10 · c9 · span 548146–548153
27Section 08, Sheree L. BargabosDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 327,597. Filing ↗machine: t131 · r3 · c9 · span 528752–528759
28Section 08, Gabriel L. ShaheenDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 327,597. Filing ↗machine: t131 · r8 · c9 · span 542631–542638
29Section 08, Jennifer L. HamannDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 327,597. Filing ↗machine: t131 · r6 · c9 · span 537116–537123
30Section 08, Mark D. MillettDEF 14A2026-03-270001104659-26-035826Section “Director Compensation”. As printed: 0. Filing ↗
31Section 06, 2026 voteForm 8-K2026-05-080001104659-26-057616Item 5.07 · say-on-pay result. As reported: 94.14% (votes for as printed: 114,604,654). Filing ↗
32Section 06, 2025 voteForm 8-K2025-04-290001104659-25-040917Item 5.07 · say-on-pay result. As reported: 92.73% (votes for as printed: 114,802,317). Filing ↗
33Section 06, 2024 voteForm 8-K2024-05-140001104659-24-060930Item 5.07 · say-on-pay result. As reported: 92.18% (votes for as printed: 123,502,265). Filing ↗
34Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
35Section 09b board cost (computed)ComputedcomputedCash 1,255,000 + equity 1,480,776 + all other 0 = 2,735,776, summed across the director compensation table rows.machine: formula: Σ = 2,735,776
36Cummins, Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039158CEO total compensation as printed in Cummins, Inc.'s own proxy. As printed: 19,905,532. Filing ↗machine: t135 · r1 · c47 · span 1108458–1108468
37AGCO Corporation, Section 10b CEO totalDEF 14A2026-03-120000880266-26-000023CEO total compensation as printed in AGCO Corporation's own proxy. As printed: 19,657,541. Filing ↗machine: r2 · c24 · span 895777–895787
38Newmont Corporation, Section 10b CEO totalDEF 14A2026-03-260001104659-26-035211CEO total compensation as printed in Newmont Corporation's own proxy. As printed: 15,625,168. Filing ↗machine: t254 · r8 · c25 · span 1803882–1803892
39Illinois Tool Works Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127599CEO total compensation as printed in Illinois Tool Works Inc.'s own proxy. As printed: 15,211,011. Filing ↗machine: span 1647874–1647884
40Nucor Corporation, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127739CEO total compensation as printed in Nucor Corporation's own proxy. As printed: 14,945,471. Filing ↗machine: t120 · r3 · c39 · span 919349–919359
41Freeport-McMoRan Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173666CEO total compensation as printed in Freeport-McMoRan Inc.'s own proxy. As printed: 14,808,126. Filing ↗machine: r3 · c27 · span 1150389–1150400
42Alcoa Corporation, Section 10b CEO totalDEF 14A2026-03-190001193125-26-115997CEO total compensation as printed in Alcoa Corporation's own proxy. As printed: 14,002,088. Filing ↗machine: t101 · r2 · c26 · span 2023002–2023012
43Reliance, Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039140CEO total compensation as printed in Reliance, Inc.'s own proxy. As printed: 13,374,389. Filing ↗machine: r1 · c42 · span 1142690–1142700
44PACCAR Inc, Section 10b CEO totalDEF 14A2026-03-180001193125-26-113876CEO total compensation as printed in PACCAR Inc's own proxy. As printed: 12,618,865. Filing ↗machine: r2 · c27 · span 838577–838587
45Steel Dynamics (subject), Section 10b CEO totalDEF 14A2026-03-270001104659-26-035826CEO total compensation as printed in Steel Dynamics's own proxy. As printed: 12,059,908. Filing ↗machine: t202 · r5 · c17 · span 991109–991119
46Section 10a, PACCAR Inc reciprocityDEF 14A0001193125-26-113876PACCAR Inc's most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗
47Section 10a, AGCO Corporation reciprocityDEF 14A0000880266-26-000023AGCO Corporation's most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗
48Section 10a, Nucor Corporation reciprocityDEF 14A0001193125-26-127739Nucor Corporation names Steel Dynamics in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Reliance, Inc. reciprocityDEF 14A0001104659-26-039140Reliance, Inc. names Steel Dynamics in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Newmont Corporation reciprocityDEF 14A0001104659-26-035211Newmont Corporation's most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗
51Section 10a, Cummins, Inc. reciprocityDEF 14A0001104659-26-039158Cummins, Inc.'s most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗
52Section 10a, Alcoa Corporation reciprocityDEF 14A0001193125-26-115997Alcoa Corporation names Steel Dynamics in its own disclosed peer group (read from its most recent proxy). Filing ↗
53Section 10a, Freeport-McMoRan Inc. reciprocityDEF 14A0001193125-26-173666Freeport-McMoRan Inc.'s most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗
54Section 10a, Illinois Tool Works Inc. reciprocityDEF 14A0001193125-26-127599Illinois Tool Works Inc.'s most recent proxy was read; its disclosed peer group does not include Steel Dynamics. Filing ↗