Companies Core & Main, Inc.
Core & Main (CNM): executive pay, fiscal 2025
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CEO vs. named peers71st pct.Of 14 peer CEOs
CEO pay, last three years
- $1,937,107FY2023
- $1,830,886FY2024
- $9,327,106FY2025
CEO total pay was $9,327,106 in fiscal 2025, up from $1,830,886 in fiscal 2024.
FY2025: salary $786,539 · bonus $0 · stock awards $5,825,167 · option awards $2,474,832
Executives and directors
Frequently asked questions
Who was the highest-paid executive at Core & Main, Inc. in fiscal 2025?
As disclosed, Mark Witkowski (Chief Executive Officer) was the highest-paid executive at Core & Main, Inc. in fiscal 2025, with total compensation of $9,327,106.
How does Core & Main, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Mark Witkowski's total compensation ranked at the 71st percentile of Core & Main, Inc.'s disclosed peer group.
What is Core & Main, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Core & Main, Inc.'s CEO-to-median employee pay ratio was 121:1.
How did shareholders vote on Core & Main, Inc.'s executive compensation?
As disclosed, 90.32% of shareholders supported Core & Main, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Core & Main, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Core & Main, Inc. reported total board compensation of $1,100,274 for fiscal 2025.
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 |
|---|---|---|---|---|---|---|---|---|
| Mark Witkowski | $786,539 | $0 | $5,825,167 | $2,474,832 | $194,520 | $0 | $46,048 | $9,327,106 |
| Chief Executive Officer | ||||||||
| Bradford Cowles | 551,154 | 0 | 3,035,162 | 854,908 | 80,637 | 0 | 37,917 | 4,559,778 |
| President | ||||||||
| Michael Huebert | 468,270 | 0 | 2,457,976 | 623,405 | 67,198 | 0 | 30,321 | 3,647,170 |
| President | ||||||||
| Robyn Bradbury | 469,231 | 0 | 2,437,683 | 562,566 | 70,734 | 0 | 29,965 | 3,570,179 |
| Chief Financial Officer | ||||||||
| Mark Whittenburg | 499,616 | 0 | 1,657,852 | 473,417 | 71,442 | 0 | 33,061 | 2,735,388 |
| Former General Counsel and Secretary | ||||||||
| Stephen LeClair | 935,000 | 0 | 0 | 0 | 238,092 | 0 | 37,341 | 1,210,433 |
| Former Executive Chair and Former Chief Executive 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 |
|---|---|---|---|---|
| Mark Witkowski | $9,327,106 | $1,830,886 | $1,937,107 | ↑ +7,496,220 |
| Bradford Cowles | 4,559,778 | 1,469,142 | 1,503,196 | ↑ +3,090,636 |
| Michael Huebert | 3,647,170 | 2,093,301 | — | ↑ +1,553,869 |
| Robyn Bradbury | 3,570,179 | — | — | — |
| Mark Whittenburg | 2,735,388 | 1,190,895 | 1,363,344 | ↑ +1,544,493 |
| Stephen LeClair | 1,210,433 | 5,374,470 | 5,546,122 | ↓ −4,164,037 |
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
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer & Partners, LLC |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Bradford Cowles | PSU | 2,433 | — | $137,319 |
| Mark Witkowski | PSU | 3,184 | — | 179,705 |
| Bradford Cowles | PSU | 3,744 | — | 211,311 |
| Mark Witkowski | PSU | 4,677 | — | 263,970 |
| Bradford Cowles | PSU | 4,920 | — | 277,685 |
| Mark Witkowski | PSU | 6,446 | — | 363,812 |
| Stephen LeClair | PSU | 11,914 | — | 672,426 |
| Michael Huebert | PSU | 12,836 | — | 724,464 |
| Bradford Cowles | Option | 17,758 | 20.81 | — |
| Stephen LeClair | PSU | 18,657 | — | 1,053,001 |
| Mark Witkowski | Option | 23,238 | 20.81 | — |
| Stephen LeClair | PSU | 25,300 | — | 1,427,932 |
| Bradford Cowles | Option | 29,382 | 50.12 | — |
| Mark Witkowski | Option | 36,726 | 50.12 | — |
| Bradford Cowles | Option | 40,478 | 22.11 | — |
| Michael Huebert | Option | 50,516 | 52.11 | — |
| Mark Witkowski | Option | 53,040 | 22.11 | — |
| Stephen LeClair | Option | 86,959 | 20.81 | — |
| Stephen LeClair | Option | 146,508 | 50.12 | — |
| Stephen LeClair | Option | 208,206 | 22.11 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kathleen M. MazzarellaIndependent · Nominating/Governance (Chair) | $106,626 | $120,000 | $0 | $0 | $0 | $226,626 |
| Orvin T. KimbroughIndependent · Nominating/Governance · Audit | 106,289 | 120,000 | 0 | 0 | 0 | 226,289 |
| Robert M. BuckIndependent · Compensation · Nominating/Governance | 104,892 | 120,000 | 0 | 0 | 0 | 224,892 |
| Dennis G. GipsonIndependent · Compensation · Nominating/Governance | 104,426 | 120,000 | 0 | 0 | 0 | 224,426 |
| James D. HopeIndependent · Audit | 60,041 | 138,000 | 0 | 0 | 0 | 198,041 |
| Stephen O. LeClairEmployee director · Board Chair | — | — | — | — | — | 0 |
| Mark R. WitkowskiEmployee director · Newly elected | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $95,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 15,000 |
| Stock ownership guideline | $475,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $482,274 |
| Equity awards (grant-date value) | $618,000 |
| All other compensation | $0 |
| Total cost of the board | $1,100,274 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Core & Main as a peer
Companies that benchmark against CNM
4 companies name CNM as a compensation peer
- DNOW Inc.DNOWFY2025
- GMS Inc.GMSFY2024
- POOL CORPPOOLFY2025
- SiteOne Landscape Supply, Inc.SITEFY2025
Each company listed discloses CNM 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 CNM 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 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
WCC WESCO International, Inc.SITE SiteOne Landscape Supply, Inc.BLDR Builders FirstSource, Inc.IBP Installed Building Products, Inc.POOL Pool CorporationFAST Fastenal CompanyGWW W.W. Grainger, Inc.AIT Applied Industrial Technologies, Inc.TOPS TopBuild CorpGMS GMS Inc.BECN Beacon Roofing Supply, Inc.MSM MSC Industrial Direct, Inc.WATS Watsco, Inc.HLMN Hillman Solutions Corp.
Peer reciprocity
The companies Core & Main, Inc. names as compensation peers that name it back in their own disclosed peer groups.
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 | Wesco International, Inc. | 2025 | John Engel | $1,412,165 | $7,112,936 | $2,275,029 | $1,362,550 | $12,308,746 |
| 2 | W.W. Grainger, Inc. | 2025 | D.G. Macpherson | 1,176,370 | 8,451,819 | 0 | 1,653,075 | 11,609,508 |
| 3 | Core & Main, Inc. | 2025 | Mark Witkowski | 786,539 | 5,825,167 | 2,474,832 | 194,520 | 9,327,106 |
| 4 | Builders FirstSource, Inc. | 2025 | Peter Jackson | 1,000,000 | 6,573,062 | 0 | 549,762 | 8,133,324 |
| 5 | Applied Industrial Technologies, Inc. | 2026 | Neil Schrimsher | 1,025,000 | 3,718,060 | 1,387,972 | 1,334,345 | 7,699,136 |
| 6 | Installed Building Products, Inc. | 2025 | Jeffrey Edwards | 900,000 | 4,950,132 | 0 | 1,209,000 | 7,096,835 |
| 7 | Pool Corporation | 2025 | Peter Arvan | 900,000 | 4,624,942 | 0 | 912,423 | 6,514,002 |
| 8 | SiteOne Landscape Supply, Inc. | 2025 | Doug Black | 970,673 | 4,199,864 | 0 | 984,930 | 6,177,856 |
| 9 | Beacon Roofing Supply, Inc. | 2023 | Julian Francis | 929,808 | 2,743,130 | 914,382 | 1,537,956 | 6,154,945 |
| 10 | MSC Industrial Direct, Inc. | 2025 | Erik Gershwind | 871,411 | 3,549,966 | 0 | 1,425,750 | 5,873,837 |
| 11 | GMS Inc. | 2024 | John Turner Jr. | 865,000 | 1,650,013 | 1,650,030 | 977,606 | 5,165,943 |
| 12 | Fastenal Company | 2025 | Daniel Florness | 750,000 | 0 | 861,387 | 2,569,000 | 4,183,328 |
| 13 | Hillman Solutions Corp. | 2025 | Jon Michael Adinolfi | 692,308 | 2,000,000 | 0 | 1,004,500 | 3,716,231 |
| — | TopBuild Corp | — | — | — | — | — | — | not in coverage universe |
| — | Watsco, 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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Core & Main, Inc. | not disclosed | Option 75 · RSU 25 | not disclosed | Pearl Meyer & Partners, LLC |
| Applied Industrial Technologies, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | No | Pay Governance |
| Beacon Roofing Supply, Inc. | 141% | PSU 50 · RSU 25 · Options 25 | No | Frederic W. Cook & Co., Inc. |
| Builders FirstSource, Inc. | 36.7% | not disclosed | No | Meridian |
| Fastenal Company | 342% | Options 100 | not disclosed | not disclosed |
| GMS Inc. | not disclosed | RSU 50 · Option 50 | not disclosed | Meridian |
| Hillman Solutions Corp. | not disclosed | not disclosed | not disclosed | Pearl Meyer |
| Installed Building Products, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| MSC Industrial Direct, Inc. | 95% | PSU 50 · RSU 50 | No | FW Cook |
| Pool Corporation | not disclosed | RSU 50 · PRSU 50 | not disclosed | Meridian Compensation Partners |
| SiteOne Landscape Supply, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | FW Cook |
| TopBuild Corp | not disclosed | not disclosed | not disclosed | not disclosed |
| W.W. Grainger, Inc. | 93% | PSU 60 · RSU 40 | No | Pay Governance, LLC |
| Watsco, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Wesco International, Inc. | not disclosed | not disclosed | Yes — Relative Total Stockholder Return (TSR) Modifier | Meridian Compensation Partners, LLC |
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
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-23 | 162,417,524 | 17,410,258 | 3,551,138 | 90.32% | Passed |
| 2025 | 2025-06-24 | 169,863,330 | 12,402,438 | 7,247,769 | 93.2% | Passed |
| 2024 | 2024-06-26 | 160,729,837 | 19,443,717 | 7,198,322 | 89.21% | Passed |
| 2023 | 2023-06-28 | 213,673,858 | 9,213,456 | 76,402 | 95.87% | Passed |
| 2022 | 2022-07-19 | 239,145,471 | 1,696,723 | 96,124 | 99.3% | 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 | 2026-06-23 | 90.32%a |
| 2025 | 2025-06-24 | 93.2%b |
| 2024 | 2024-06-26 | 89.21%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) | 121 : 1 |
|---|---|
| CEO total compensation | $9,365,566 |
| Median employee compensation | $77,600 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (35 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, Mark Witkowski. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 9,327,106. View filing ↗
- Section 01, Bradford Cowles. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 4,559,778. View filing ↗
- Section 01, Michael Huebert. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 3,647,170. View filing ↗
- Section 01, Robyn Bradbury. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 3,570,179. View filing ↗
- Section 01, Mark Whittenburg. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 2,735,388. View filing ↗
- Section 01, Stephen LeClair. DEF 14A, filed 2026-05-07. Section “Executive Compensation”. As printed: 1,210,433. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-05-07. Section “CEO Pay Ratio”. As printed: 121 : 1. View filing ↗
- Section 08, Kathleen M. Mazzarella. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 226,626. View filing ↗
- Section 08, Orvin T. Kimbrough. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 226,289. View filing ↗
- Section 08, Robert M. Buck. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 224,892. View filing ↗
- Section 08, Dennis G. Gipson. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 224,426. View filing ↗
- Section 08, James D. Hope. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 198,041. View filing ↗
- Section 08, Stephen O. LeClair. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Mark R. Witkowski. DEF 14A, filed 2025-05-13. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-23. Item 5.07 · say-on-pay result. As reported: 90.32% (votes for as printed: 162,417,524). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-24. Item 5.07 · say-on-pay result. As reported: 93.2% (votes for as printed: 169,863,330). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-27. Item 5.07 · say-on-pay result. As reported: 89.21% (votes for as printed: 160,729,837). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 482,274 + equity 618,000 + all other 0 = 1,100,274, summed across the director compensation table rows.
- Wesco International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Wesco International, Inc.'s own proxy. As printed: 12,308,746. View filing ↗
- W.W. Grainger, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in W.W. Grainger, Inc.'s own proxy. As printed: 11,609,508. View filing ↗
- Core & Main, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-05-07. CEO total compensation as printed in Core & Main, Inc.'s own proxy. As printed: 9,327,106. View filing ↗
- Builders FirstSource, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Builders FirstSource, Inc.'s own proxy. As printed: 8,133,324. View filing ↗
- Applied Industrial Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-10. CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 7,699,136. View filing ↗
- Installed Building Products, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Installed Building Products, Inc.'s own proxy. As printed: 7,096,835. View filing ↗
- Pool Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Pool Corporation's own proxy. As printed: 6,514,002. View filing ↗
- SiteOne Landscape Supply, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in SiteOne Landscape Supply, Inc.'s own proxy. As printed: 6,177,856. View filing ↗
- Beacon Roofing Supply, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-03. CEO total compensation as printed in Beacon Roofing Supply, Inc.'s own proxy. As printed: 6,154,945. View filing ↗
- MSC Industrial Direct, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-11. CEO total compensation as printed in MSC Industrial Direct, Inc.'s own proxy. As printed: 5,873,837. View filing ↗
- GMS Inc., Section 10b CEO total. DEF 14A, filed 2024-08-27. CEO total compensation as printed in GMS Inc.'s own proxy. As printed: 5,165,943. View filing ↗
- Fastenal Company, Section 10b CEO total. DEF 14A, filed 2026-02-25. CEO total compensation as printed in Fastenal Company's own proxy. As printed: 4,183,328. View filing ↗
- Hillman Solutions Corp., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Hillman Solutions Corp.'s own proxy. As printed: 3,716,231. View filing ↗
- Section 10a, SiteOne Landscape Supply, Inc. reciprocity. DEF 14A. SiteOne Landscape Supply, Inc. names Core & Main, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Pool Corporation reciprocity. DEF 14A. Pool Corporation names Core & Main, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, GMS Inc. reciprocity. DEF 14A. GMS Inc. names Core & Main, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗