Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

Alamo Group (ALG)

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.

$5,456,560
Jeffery Leonard total, FY2025
Former President & CEOhighest-paid officer; CEO Robert Hureau: $4,526,676
17th
CEO (Robert Hureau) pay percentile vs peers
84:1
CEO-to-median pay ratio
96.85%
Say-on-pay support, latest vote
Companies that benchmark against ALG
12 companies name ALG as a compensation peer

Each company listed discloses ALG 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 ALG 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
Jeffery Leonard$712,981$0$3,956,860$0$672,284$0$114,435$5,456,560
Former President & CEO
Robert Hureau296,250200,0003,544,0800451,250035,0964,526,676
President & CEO
Agnieszka Kamps514,6150780,0020302,10053,58811,2961,661,601
EVP & CFO, Principal Financial Officer and Principal Accounting Officer
Kevin Thomas466,3460520,2340387,60090,59719,1411,483,918
EVP Industrial Equipment
Richard Raborn517,3080600,9960195,936111,69125,4611,451,392
EVP Vegetation Management
Edward Rizzuti472,1150520,2340248,188118,16516,1231,374,825
EVP Corporate Development & Investor Relations and Secretary

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
Jeffery Leonard$5,456,560$4,170,316$4,789,390+1,286,244
Robert Hureau4,526,676
Agnieszka Kamps1,661,6011,494,832+166,769
Kevin Thomas1,483,9181,172,416+311,502
Richard Raborn1,451,3921,272,2151,507,152+179,177
Edward Rizzuti1,374,8251,235,1551,397,280+139,670

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
Richard RabornPSU2025-03-048601,7193,438$300,498
Robert HureauRSU2025-09-0210,9882,293,965
Robert HureauPSU2025-09-022,9945,98811,9761,250,115
Agnieszka KampsRSU2025-03-042,231
Agnieszka KampsPSU2025-03-041,1162,2314,462390,001
Jeffery LeonardPSU2025-09-023,7557,50915,0181,312,648
Jeffery LeonardRSU2025-09-027,5092,919,417
Richard RabornRSU2025-03-041,719
Edward RizzutiPSU2025-03-047441,4882,976260,117
Edward RizzutiRSU2025-03-041,488
Kevin ThomasPSU2025-03-047441,4882,976260,117
Kevin ThomasRSU2025-03-041,488
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Raborn$0$300,498$0100.0%
Robert Hureau2,293,9651,250,115035.3%
Agnieszka Kamps0390,0010100.0%
Jeffery Leonard2,919,4171,312,648031.0%
Edward Rizzuti0260,1170100.0%
Kevin Thomas0260,1170100.0%

% 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
Edward RizzutiPSU1,194$200,437
Agnieszka KampsRSU2,231374,518
Jeffery LeonardRSU3,238543,563
Robert HureauRSU10,9881,844,556
Robert HureauPSU5,9881,005,206
Agnieszka KampsPSU2,231374,518
Agnieszka KampsRSU1,919322,143
Kevin ThomasRSU50083,935
Richard RabornRSU1,719288,569
Richard RabornPSU1,719288,569
Edward RizzutiRSU1,488249,791
Kevin ThomasPSU40968,659
Edward RizzutiPSU1,488249,791
Kevin ThomasRSU1,488249,791
Kevin ThomasPSU1,488249,791
Agnieszka KampsPSU1,479248,280
Richard RabornPSU1,476247,776
Richard RabornRSU984165,184
Edward RizzutiRSU796133,625
Richard RabornRSU46878,563
Edward RizzutiRSU41269,162
Kevin ThomasRSU27345,829
Kevin ThomasRSU20033,574
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program is designed to attract, retain, and reward talented executives who contribute to the Company's long-term success, aligning management and stockholder objectives. The program balances retention with reward for delivering increased stockholder value by providing competitive base salaries, performance-based annual cash incentives, and a long-term equity mix of 50% time-based RSAs and 50% performance-based PSUs.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0110,904,169346,6677,67196.85%Passed
20252025-05-0810,533,729217,99756,86697.46%Passed
20242024-05-0210,916,690144,2557,47098.63%Passed
20232023-05-0410,995,340122,50010,94798.8%Passed
20222022-05-0510,872,698103,6036,46999%Passed
20212021-05-0610,808,979111,22655,70598.48%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
20262026-05-0196.85%a
20252025-05-0897.46%b
20242024-05-0298.63%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a negative vote on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a negative vote on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are entitled to vote at the Annual Meeting and therefore will have the same effect as a negative vote on this proposal.”.

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)84 : 1
CEO total compensation
Median employee compensation$53,757
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard W. ParodIndependent$170,000$130,044$0$0$300,044
Tracy C. JokinenIndependent · Compensation · Audit (Chair)123,000130,04400253,044
Robert P. BauerIndependent · Board Chair · Compensation (Chair) · Audit · Nominating/Corporate Governance118,000130,04400248,044
Eric P. EtchartIndependent · Compensation · Nominating/Corporate Governance (Chair)98,000130,04400228,044
Colleen C. HaleyIndependent · Compensation · Audit85,000130,04400215,044
Paul D. HouseholderIndependent · Compensation85,000130,04400215,044
Lorie L. TekoriusIndependent · Audit · Nominating/Corporate Governance85,000130,04400215,044
Nina C. GroomsIndependent · Nominating/Corporate Governance · Audit85,000130,04400215,044
Robert P. HureauEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)18,000 / 13,000 / 13,000
Stock ownership guideline$425,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$849,000
Equity awards (grant-date value)$1,040,352
All other compensation$0
Total cost of the board$1,889,352

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 Alamo Group 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 Alamo Group.

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
1Watts Water Technologies, Inc.2025Robert Pagano, Jr.$1,175,385$5,920,238$0$2,709,000$10,423,317
2Allison Transmission Holdings, Inc.2025David Graziosi1,116,0003,947,5711,925,719918,5548,028,346
3Enpro Inc.2025Eric Vaillancourt934,6163,678,2311,390,7161,341,9497,457,747
4Wabash National Corporation2025Brent Yeagy1,116,9234,315,5890205,8275,717,526
5Lindsay Corporation2025Randy Wood837,7442,375,165749,9691,117,6985,095,625
6Alamo Group2025Robert Hureau296,2503,544,0800451,2504,526,676
7Astec Industries, Inc.2025Jaco van der Merwe836,5392,244,3700779,4554,030,731
8Titan International Inc.2025Paul Reitz976,981709,600002,446,411

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
Alamo Groupnot disclosedRSA 50 · PSU 50not disclosedPay Governance, LLC
Allison Transmission Holdings, Inc.65.38%PSU 34 · Options 33 · RSU 33Yes — relative TSR (rTSR)Semler Brossy
Astec Industries, Inc.not disclosedPSU 65 · RSU 35not disclosedFrederic W. Cook & Co., Inc.
Enpro Inc.130.5%RSU 40 · PSU 30 · Options 30Yes — rTSRPearl Meyer & Partners, LLC
Lindsay Corporation132%PSU 50 · RSU 25 · Options 25YesMeridian Compensation Partners, LLC
Titan International Inc.not disclosednot disclosednot disclosednot disclosed
Wabash National Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Watts Water Technologies, Inc.180.6%PSU 50 · RSU 50NoPearl Meyer

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, Jeffery LeonardDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 5,456,560. Filing ↗machine: r17 · c27 · span 753667–753676
2Section 01, Robert HureauDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 4,526,676. Filing ↗machine: r4 · c27 · span 716275–716284
3Section 01, Agnieszka KampsDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 1,661,601. Filing ↗machine: r6 · c27 · span 719870–719879
4Section 01, Kevin ThomasDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 1,483,918. Filing ↗machine: r15 · c27 · span 746940–746949
5Section 01, Richard RabornDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 1,451,392. Filing ↗machine: r12 · c27 · span 737209–737218
6Section 01, Edward RizzutiDEF 14A2026-03-190000897077-26-000047Section “Summary Compensation Table” · page 42. As printed: 1,374,825. Filing ↗machine: r9 · c27 · span 726949–726958
7Section 03, Richard Raborn PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 826341–826348
8Section 03, Robert Hureau RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 793043–793052
9Section 03, Robert Hureau PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 789171–789180
10Section 03, Agnieszka Kamps RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 804559–804564
11Section 03, Agnieszka Kamps PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 801382–801389
12Section 03, Jeffery Leonard PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 851308–851317
13Section 03, Jeffery Leonard RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 856342–856351
14Section 03, Richard Raborn RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 829518–829523
15Section 03, Edward Rizzuti PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 813610–813617
16Section 03, Edward Rizzuti RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 816737–816742
17Section 03, Kevin Thomas PSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 838567–838574
18Section 03, Kevin Thomas RSUDEF 14A2026-03-190000897077-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 841694–841699
19Section 07, pay ratioDEF 14A2026-03-190000897077-26-000047Section “CEO Pay Ratio”. As printed: 84 : 1. Filing ↗
20Section 08, Richard W. ParodDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 300,044. Filing ↗machine: span 1243916–1244152
21Section 08, Tracy C. JokinenDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 253,044. Filing ↗machine: span 1241896–1242132
22Section 08, Robert P. BauerDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 248,044. Filing ↗machine: span 1231800–1232036
23Section 08, Eric P. EtchartDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 228,044. Filing ↗machine: span 1233818–1234054
24Section 08, Colleen C. HaleyDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 215,044. Filing ↗machine: span 1237854–1238090
25Section 08, Paul D. HouseholderDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 215,044. Filing ↗machine: span 1239876–1240112
26Section 08, Lorie L. TekoriusDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 215,044. Filing ↗machine: span 1246224–1246492
27Section 08, Nina C. GroomsDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 215,044. Filing ↗machine: span 1235835–1236071
28Section 08, Robert P. HureauDEF 14A2026-03-190000897077-26-000047Section “Director Compensation”. As printed: 0. Filing ↗
29Section 06, 2026 voteForm 8-K2026-05-010000897077-26-000052Item 5.07 · say-on-pay result. As reported: 96.85% (votes for as printed: 10,904,169). Filing ↗
30Section 06, 2025 voteForm 8-K2025-05-090000897077-25-000062Item 5.07 · say-on-pay result. As reported: 97.46% (votes for as printed: 10,533,729). Filing ↗
31Section 06, 2024 voteForm 8-K2024-05-030000897077-24-000065Item 5.07 · say-on-pay result. As reported: 98.63% (votes for as printed: 10,916,690). Filing ↗
32Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
33Section 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
34Section 09b board cost (computed)ComputedcomputedCash 849,000 + equity 1,040,352 + all other 0 = 1,889,352, summed across the director compensation table rows.machine: formula: Σ = 1,889,352
35Watts Water Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038336CEO total compensation as printed in Watts Water Technologies, Inc.'s own proxy. As printed: 10,423,317. Filing ↗machine: t44 · r1 · c41 · span 907085–907095
36Allison Transmission Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011093CEO total compensation as printed in Allison Transmission Holdings, Inc.'s own proxy. As printed: 8,028,346. Filing ↗machine: r2 · c27 · span 849978–849987
37Enpro Inc., Section 10b CEO totalDEF 14A2026-03-230002071876-26-000038CEO total compensation as printed in Enpro Inc.'s own proxy. As printed: 7,457,747. Filing ↗machine: t281 · r1 · c9 · span 898791–898800
38Wabash National Corporation, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134505CEO total compensation as printed in Wabash National Corporation's own proxy. As printed: 5,717,526. Filing ↗machine: span 761895–761904
39Lindsay Corporation, Section 10b CEO totalDEF 14A2025-11-210001193125-25-290521CEO total compensation as printed in Lindsay Corporation's own proxy. As printed: 5,095,625. Filing ↗machine: r3 · c26 · span 632813–632822
40Alamo Group (subject), Section 10b CEO totalDEF 14A2026-03-190000897077-26-000047CEO total compensation as printed in Alamo Group's own proxy. As printed: 4,526,676. Filing ↗machine: r4 · c27 · span 716275–716284
41Astec Industries, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027745CEO total compensation as printed in Astec Industries, Inc.'s own proxy. As printed: 4,030,731. Filing ↗machine: r1 · c42 · span 839356–839365
42Titan International Inc., Section 10b CEO totalDEF 14A2026-04-290000899751-26-000033CEO total compensation as printed in Titan International Inc.'s own proxy. As printed: 2,446,411. Filing ↗machine: r2 · c30 · span 450247–450256
43Section 10a, Watts Water Technologies, Inc. reciprocityDEF 14A0001104659-26-038336Watts Water Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Alamo Group. Filing ↗
44Section 10a, Titan International Inc. reciprocityDEF 14A0000899751-26-000033Titan International Inc. names Alamo Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Astec Industries, Inc. reciprocityDEF 14A0001104659-26-027745Astec Industries, Inc. names Alamo Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Lindsay Corporation reciprocityDEF 14A0001193125-25-290521Lindsay Corporation names Alamo Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Enpro Inc. reciprocityDEF 14A0002071876-26-000038Enpro Inc.'s most recent proxy was read; its disclosed peer group does not include Alamo Group. Filing ↗
48Section 10a, Allison Transmission Holdings, Inc. reciprocityDEF 14A0001140361-26-011093Allison Transmission Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Alamo Group. Filing ↗
49Section 10a, Wabash National Corporation reciprocityDEF 14A0001193125-26-134505Wabash National Corporation's most recent proxy was read; its disclosed peer group does not include Alamo Group. Filing ↗