Companies Mueller Industries Inc
Mueller Industries (MLI): executive pay, fiscal 2025
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CEO pay, last three years
- $19,464,383FY2023
- $22,786,901FY2024
- $27,562,773FY2025
CEO total pay was $27,562,773 in fiscal 2025, up from $22,786,901 in fiscal 2024.
FY2025: salary $1,650,000 · bonus $1,500,000 · stock awards $15,227,100 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Gregory Christopher | $1,650,000 | $1,500,000 | $15,227,100 | $0 | $8,250,000 | $0 | $935,673 | $27,562,773 |
| Chief Executive Officer & Chairman | ||||||||
| Jeffrey Martin | 479,142 | 0 | 4,060,560 | 0 | 1,724,913 | 0 | 284,218 | 6,548,833 |
| Executive Vice President, Chief Financial Officer & Treasurer | ||||||||
| Christopher Miritello | 378,861 | 0 | 1,099,735 | 0 | 1,363,898 | 0 | 100,580 | 2,943,074 |
| Executive Vice President, General Counsel & Secretary | ||||||||
| Steffen Sigloch | 283,292 | 0 | 0 | 0 | 770,624 | 0 | 269,440 | 1,323,356 |
| Former Chief Manufacturing Officer | ||||||||
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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Gregory Christopher | $27,562,773 | $22,786,901 | $19,464,383 | ↑ +4,775,872 |
| Jeffrey Martin | 6,548,833 | 6,301,722 | 4,839,887 | ↑ +247,111 |
| Christopher Miritello | 2,943,074 | 3,137,938 | 2,598,224 | ↓ −194,864 |
| Steffen Sigloch | 1,323,356 | 3,554,109 | 3,941,512 | ↓ −2,230,753 |
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
We believe in a pay for performance philosophy, such that a material portion of a named executive officer's compensation is dependent upon both the short-term and long-term strategic and financial performance of the Company, considered in light of general economic and specific Company, industry, and competitive conditions.
| CEO STI target (% of salary) | 125% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Jeffrey Martin | PSU | 2025-08-04 | 19,200 | 24,000 | — | 48,000 | $4,060,560 |
| Gregory Christopher | PSU | 2025-08-04 | 72,000 | 90,000 | — | 180,000 | 15,227,100 |
| Christopher Miritello | PSU | 2025-08-04 | 5,200 | 6,500 | — | 13,000 | 1,099,735 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Jeffrey Martin | $0 | $4,060,560 | $0 | 100.0% |
| Gregory Christopher | 0 | 15,227,100 | 0 | 100.0% |
| Christopher Miritello | 0 | 1,099,735 | 0 | 100.0% |
% 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 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Christopher Miritello | RSU | 5,330 | — | $424,002 |
| Christopher Miritello | PSU | 13,000 | — | 1,535,690 |
| Christopher Miritello | PSU | 18,000 | — | 2,126,340 |
| Christopher Miritello | RSU | 24,000 | — | 2,835,120 |
| Steffen Sigloch | PSU | 25,000 | — | 2,953,250 |
| Christopher Miritello | RSU | 38,000 | — | 3,333,360 |
| Jeffrey Martin | PSU | 48,000 | — | 5,670,240 |
| Jeffrey Martin | PSU | 56,000 | — | 6,615,280 |
| Steffen Sigloch | RSU | 56,000 | — | 6,615,280 |
| Jeffrey Martin | RSU | 72,000 | — | 8,505,360 |
| Jeffrey Martin | RSU | 108,000 | — | 9,473,760 |
| Steffen Sigloch | RSU | 112,000 | — | 9,824,640 |
| Gregory Christopher | PSU | 180,000 | — | 21,263,400 |
| Gregory Christopher | PSU | 200,000 | — | 23,626,000 |
| Gregory Christopher | RSU | 270,000 | — | 31,895,100 |
| Gregory Christopher | RSU | 336,000 | — | 29,473,920 |
| Gregory Christopher | RSU | 500,000 | — | 59,065,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John B. HansenIndependent · Compensation and Personnel Development | $143,000 | $160,027 | $0 | $0 | $0 | $303,027 |
| Charles P. Herzog, JrIndependent · Audit · Nominating and Governance | 121,000 | 160,027 | 0 | 0 | 0 | 281,027 |
| Elizabeth DonovanIndependent · Nominating and Governance (Chair) · Compensation and Personnel Development | 119,000 | 160,027 | 0 | 0 | 0 | 279,027 |
| William C. DrummondIndependent · Audit | 118,000 | 160,027 | 0 | 0 | 0 | 278,027 |
| Scott J. GoldmanIndependent · Audit (Chair) | 116,000 | 160,027 | 0 | 0 | 0 | 276,027 |
| Terry HermansonIndependent · Lead Independent Director · Nominating and Governance | 113,000 | 160,027 | 0 | 0 | 0 | 273,027 |
| Gary S. GladsteinIndependent · Compensation and Personnel Development (Chair) | 106,000 | 160,027 | 0 | 0 | 0 | 266,027 |
| Gregory L. ChristopherEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | $160,000 |
| Per board meeting fee | $3,000 |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 10,000 / 10,000 |
| Stock ownership guideline | $240,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $836,000 |
| Equity awards (grant-date value) | $1,120,189 |
| All other compensation | $0 |
| Total cost of the board | $1,956,189 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Mueller Industries as a peer
Companies that benchmark against MLI
4 companies name MLI as a compensation peer
- CENTURY ALUMINUM COCENXFY2025
- KAISER ALUMINUM CORPKALUFY2025
- MODINE MANUFACTURING COMODFY2026
- OLYMPIC STEEL INCZEUSFY2024
- WATTS WATER TECHNOLOGIES INCWTSFY2025
Each company listed discloses MLI 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 MLI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Mueller Industries Inc | 2025 | Gregory Christopher | $1,650,000 | $15,227,100 | $0 | $8,250,000 | $27,562,773 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-07 | 87,587,873 | 4,306,124 | 1,966,756 | 95.31% | Passed |
| 2025 | 2025-05-08 | 82,878,250 | 14,397,940 | 785,824 | 85.2% | Passed |
| 2024 | 2024-05-09 | 94,806,084 | 5,850,131 | 163,374 | 94.19% | Passed |
| 2022 | 2022-05-05 | 44,772,663 | 5,778,624 | 44,947 | 88.57% | Passed |
| 2021 | 2021-05-06 | 48,723,566 | 3,147,846 | 166,962 | 93.93% | Passed |
| 2020 | 2020-05-07 | 39,778,743 | 11,863,101 | 67,707 | 77.03% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-07 | 95.31%a |
| 2025 | 2025-05-08 | 85.2%b |
| 2024 | 2024-05-09 | 94.19%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
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.
CEO pay ratio
| Ratio (CEO : median employee) | 604 : 1 |
|---|---|
| CEO total compensation | $27,562,773 |
| Median employee compensation | $45,602 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Gregory L. Christopher | Director | 2026-04-27 | D | 103,266 | $137 | $14,177,389 | Common | Form 4 ↗ |
| Gary S. Gladstein | Director | 2026-05-01 | D | 919 | 134 | 123,367 | Common | Form 4 ↗ |
| Gary S. Gladstein | Director | 2026-05-01 | A | 9,778 | 13 | 123,447 | Common | Form 4 ↗ |
| Gary S. Gladstein | Director | 2026-05-01 | D | 9,778 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Charles P. Herzog, Jr | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Elizabeth Donovan | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| William C. Drummond | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Charles P. Herzog, Jr | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| John B. Hansen | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Charles P. Herzog, Jr | Director | 2026-05-08 | D | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Gary S. Gladstein | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Scott J. Goldman | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Terry Hermanson | Director | 2026-05-08 | A | 1,222 | 0 | 0 | Common | Form 4 ↗ |
| Scott J. Goldman | Director | 2026-05-29 | D | 2,000 | 128 | 255,820 | Common | Form 4 ↗ |
| Jeffrey Martin | EVP, CFO & Treasurer | 2026-07-30 | D | 57,791 | 67 | 3,847,147 | Common | Form 4 ↗ |
| Daniel Pieralisi | Executive VP - Admin | 2026-07-30 | D | 1,808 | 67 | 120,359 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-07-30 | D | 205,972 | 67 | 13,711,556 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-07-30 | A | 270,000 | 0 | 0 | Common | Form 4 ↗ |
| Jeffrey Martin | EVP, CFO & Treasurer | 2026-07-30 | A | 72,000 | 0 | 0 | Common | Form 4 ↗ |
| John B. Hansen | Director | 2026-08-04 | D | 1,000 | 68 | 68,130 | Common | Form 4 ↗ |
| John B. Hansen | Director | 2026-08-04 | D | 250 | 0 | 0 | Common | Form 4 ↗ |
| John B. Hansen | Director | 2026-08-04 | D | 2,444 | 68 | 165,510 | Common | Form 4 ↗ |
| Jeffrey Martin | EVP, CFO & Treasurer | 2026-08-05 | A | 34,000 | 0 | 0 | Common | Form 4 ↗ |
| Daniel Pieralisi | Executive VP - Admin | 2026-08-05 | A | 6,000 | 0 | 0 | Common | Form 4 ↗ |
| Christopher Miritello | EVP, Gen. Counsel, Secretary | 2026-08-05 | A | 9,000 | 0 | 0 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-08-05 | A | 125,000 | 0 | 0 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-08-10 | D | 70,000 | 69 | 4,835,950 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-08-11 | D | 70,000 | 69 | 4,859,960 | Common | Form 4 ↗ |
| Gregory L. Christopher | Director | 2026-08-11 | D | 200,000 | 68 | 13,688,400 | Common | Form 4 ↗ |
| Jeffrey Martin | EVP, CFO & Treasurer | 2026-08-13 | D | 86,209 | 67 | 5,778,848 | Common | Form 4 ↗ |
| Scott J. Goldman | Director | 2026-08-27 | D | 2,000 | 64 | 128,160 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (54 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, Gregory Christopher. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR 2025” · page 34. As printed: 27,562,773. View filing ↗
- Section 01, Jeffrey Martin. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR 2025” · page 34. As printed: 6,548,833. View filing ↗
- Section 01, Christopher Miritello. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR 2025” · page 34. As printed: 2,943,074. View filing ↗
- Section 01, Steffen Sigloch. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR 2025” · page 34. As printed: 1,323,356. View filing ↗
- Section 03, Jeffrey Martin PSU. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR” · grants of plan-based awards table. View filing ↗
- Section 03, Gregory Christopher PSU. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Miritello PSU. DEF 14A, filed 2026-03-26. Section “SUMMARY COMPENSATION TABLE FOR” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-26. Section “CEO Pay Ratio”. As printed: 604 : 1. View filing ↗
- Section 08, John B. Hansen. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 303,027. View filing ↗
- Section 08, Charles P. Herzog, Jr. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 281,027. View filing ↗
- Section 08, Elizabeth Donovan. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 279,027. View filing ↗
- Section 08, William C. Drummond. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 278,027. View filing ↗
- Section 08, Scott J. Goldman. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 276,027. View filing ↗
- Section 08, Terry Hermanson. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 273,027. View filing ↗
- Section 08, Gary S. Gladstein. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 266,027. View filing ↗
- Section 08, Gregory L. Christopher. DEF 14A, filed 2026-03-26. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Gregory L. Christopher 2026-04-27. Form 4, filed 2026-04-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary S. Gladstein 2026-05-01. Form 4, filed 2026-05-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary S. Gladstein 2026-05-01. Form 4, filed 2026-05-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary S. Gladstein 2026-05-01. Form 4, filed 2026-05-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles P. Herzog, Jr 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Elizabeth Donovan 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, William C. Drummond 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles P. Herzog, Jr 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John B. Hansen 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Charles P. Herzog, Jr 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary S. Gladstein 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Scott J. Goldman 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Terry Hermanson 2026-05-08. Form 4, filed 2026-05-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Scott J. Goldman 2026-05-29. Form 4, filed 2026-05-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeffrey Martin 2026-07-30. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Pieralisi 2026-07-30. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-07-30. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-07-30. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeffrey Martin 2026-07-30. Form 4, filed 2026-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John B. Hansen 2026-08-04. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John B. Hansen 2026-08-04. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, John B. Hansen 2026-08-04. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeffrey Martin 2026-08-05. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Pieralisi 2026-08-05. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Christopher Miritello 2026-08-05. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-08-05. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-08-10. Form 4, filed 2026-08-12. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-08-11. Form 4, filed 2026-08-12. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory L. Christopher 2026-08-11. Form 4, filed 2026-08-12. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeffrey Martin 2026-08-13. Form 4, filed 2026-08-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Scott J. Goldman 2026-08-27. Form 4, filed 2026-08-27. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-11. Item 5.07 · say-on-pay result. As reported: 95.31% (votes for as printed: 87,587,873). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-12. Item 5.07 · say-on-pay result. As reported: 85.2% (votes for as printed: 82,878,250). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-13. Item 5.07 · say-on-pay result. As reported: 94.19% (votes for as printed: 94,806,084). 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 836,000 + equity 1,120,189 + all other 0 = 1,956,189, summed across the director compensation table rows.
- Mueller Industries Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Mueller Industries Inc's own proxy. As printed: 27,562,773. View filing ↗