Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-09

Brunswick (BC)

CEO David Foulkes was paid $13,020,607 in 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.

$13,020,607
David Foulkes total, FY2025
73rd
CEO pay percentile vs peers
—
CEO-to-median pay ratio
96.89%
Say-on-pay support, latest vote

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Companies that benchmark against BC
12 companies name BC as a compensation peer

Each company listed discloses BC 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 BC 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
David Foulkes$1,250,577$0$9,750,026$0$1,876,000$0$144,004$13,020,607
Chairman and Chief Executive Officer
Ryan Gwillim711,26902,500,3370640,100059,7783,911,484
Executive Vice President and Chief Financial Officer and Strategy Officer
John Buelow629,6150—0503,700086,1542,519,134
Executive Vice President and President, Mercury Marine
Aine Denari618,2690—0—093,7122,506,246
Executive Vice President and President, Navico Group, and Brunswick Chief Technology Officer
Brenna Preisser618,26901,250,1690—082,7262,445,764
Executive Vice President and President, Brunswick Boat 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 FY2024→2025
David Foulkes$13,020,607$10,991,417$10,846,398+2,029,190
Ryan Gwillim3,911,4842,657,7372,764,364+1,253,747
John Buelow2,519,1341,650,990—+868,144
Aine Denari2,506,2462,184,5131,795,294+321,733
Brenna Preisser2,445,7641,983,9961,782,813+461,768

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David FoulkesPSU78,620—$5,836,749
Ryan GwillimPSU11,110—824,806
David FoulkesRSU77,106—5,724,329
David FoulkesPSU55,760—4,139,622
David FoulkesPSU49,482—3,673,546
Brenna PreisserRSU1,365—101,371
David FoulkesRSU38,089—2,827,712
Ryan GwillimPSU9,674—718,185
Ryan GwillimPSU20,160—1,496,678
Brenna PreisserPSU10,080—748,339
Ryan GwillimRSU19,775—1,468,090
John BuelowPSU10,480—778,035
Aine DenariPSU10,480—778,035
John BuelowRSU10,278—763,040
Aine DenariRSU10,278—763,040
Brenna PreisserRSU9,887—734,045
Ryan GwillimRSU7,584—563,064
Aine DenariPSU7,020—521,165
John BuelowPSU5,850—434,304
Brenna PreisserPSU5,850—434,304
John BuelowPSU4,837—359,092
Aine DenariPSU4,837—359,092
Brenna PreisserPSU4,837—359,092
Aine DenariRSU4,791—355,705
John BuelowRSU3,996—296,694
Brenna PreisserRSU3,996—296,694
Aine DenariPSU2,020—149,965
Brenna PreisserPSU2,020—149,965
Aine DenariRSU1,365—101,371
05

Incentive-plan design — the Compensation Discussion & Analysis

The overall philosophy of Brunswick's compensation programs is to encourage and reward the creation of sustainable, long-term shareholder value by aligning executive pay with shareholder interests, maintaining competitiveness to attract and retain top talent, and reinforcing a pay-for-performance culture through the achievement of financial and strategic goals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-0757,458,1401,842,560199,16296.89%Passed
20192019-05-1369,805,0203,534,909226,52695.18%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
20252025-05-0796.89%a
20192019-05-1395.18%b

a. Voting standard not stated in the filing.

b. 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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David V. SingerIndependent · Nominating and Corporate Governance (Chair) · Human Resources and Compensation$110,000$204,095——$35,000$349,095
Nancy E. CooperIndependent · Audit and Finance · Nominating and Corporate Governance110,000201,763——35,000346,763
J. Steven WhislerIndependent · Audit and Finance · Nominating and Corporate Governance110,000197,845——35,000342,845
Joseph W. McClanathanIndependent · Audit and Finance110,000189,500——35,000334,500
David C. EverittIndependent · Lead Independent Director · Human Resources and Compensation · Nominating and Corporate Governance · Executive110,000217,068——0327,068
Roger J. WoodIndependent · Human Resources and Compensation (Chair)110,000178,250——35,000323,250
Reginald Fils-AiméIndependent · Audit and Finance (Chair) · Executive110,000177,975——35,000322,975
Lauren P. FlahertyIndependent · Audit and Finance110,000167,500——35,000312,500
MaryAnn WrightIndependent · Nominating and Corporate Governance · Human Resources and Compensation110,000173,750——6,760290,510
David M. FoulkesEmployee director · Board Chair · Executive (Chair)—————0
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$155,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 17,500
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$990,000
Equity awards (grant-date value)$1,707,746
All other compensation$251,760
Total cost of the board$2,949,506

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 Brunswick 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 Brunswick.

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
1Dover2025Richard Tobin$1,387,385$8,040,726$6,562,519$0$18,757,706
2BorgWarner2025Joseph Fadool1,237,32910,613,38303,188,11715,539,233
3Timken Company2025Lucian Boldea366,66712,004,07101,124,14515,045,651
4Thor2025Robert Martin750,0007,149,00506,692,53014,613,718
5Brunswick2025David Foulkes1,250,5779,750,02601,876,00013,020,607
6Oshkosh2025John C. Pfeifer1,243,84710,000,03101,314,86412,935,995
7Regal Rexnord2025Louis Pinkham1,223,0777,693,84702,228,45011,468,817
8Polaris Inc.2025Michael Speetzen1,216,5623,292,7843,661,0112,719,74711,144,637
9Flowserve2025R. Scott Rowe1,236,5387,245,11401,901,25010,914,232
10Crane2025Max Mitchell1,244,2315,480,7381,562,5061,840,20010,518,852
11Snap-on2025Nicholas Pinchuk1,142,4736,013,2211,550,010462,70210,138,217
12LCI Industries2025Jason Lippert1,195,0006,221,62102,345,83810,093,861
13Harley-Davidson2025Artie Starrs304,0006,125,019——8,591,990
14Toro Company2025Richard Olson1,239,8163,300,6422,326,2241,315,1978,436,478
15Stanley Black and Decker2025Christopher Nelson997,4623,964,6991,321,569929,0557,656,246
16Dana Incorporated2025R. Bruce McDonald1,300,0004,124,985005,609,922

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
Brunswicknot disclosednot disclosednot disclosedFW Cook
BorgWarner175%PSU 67 · RSU 33YesPearl Meyer & Partners, LLC
Cranenot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
Dana Incorporated200%PSU 50 · RSU 50Yes — Relative TSRMeridian Compensation Partners, LLC
Dover121.7%PSU 40 · Options 40 · RSU 20Yes — 3-Year relative TSRMeridian Compensation Partners, LLC
Flowservenot disclosednot disclosednot disclosednot disclosed
Harley-Davidson7.5%PSU 50 · RSU 50NoSemler Brossy Consulting Group
LCI Industriesnot disclosednot disclosednot disclosedWillis Towers Watson
Oshkosh70.4%PSU 50 · RSU 50NoMercer
Polaris Inc.not disclosedOption 50 · RSU 50not disclosedAon
Regal Rexnord127.3%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Snap-onnot disclosedPSU 60 · Option 20 · RSU 20not disclosedSemler Brossy Consulting Group, LLC
Stanley Black and Decker72.3%PSU 50 · RSU 25 · Options 25Yes — Relative TSRPay Governance
Thornot disclosednot disclosednot disclosedWTW
Timken Company81.8%PSU 60 · RSU 40Yes — Relative TSRWillis Towers Watson
Toro Companynot disclosedPSU 60 · Options 40NoWillis Towers Watson

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Brunswick in fiscal 2025?
As disclosed, David Foulkes, Chairman and Chief Executive Officer, was the highest-paid executive at Brunswick in fiscal 2025 with total compensation of $13,020,607.
How does Brunswick's chief executive pay compare to its disclosed peer group?
The filing shows that the chief executive's pay ranked at the 73rd percentile of the disclosed peer group.
What is Brunswick's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on Brunswick's executive compensation?
Shareholders supported the executive compensation proposal with a 96.89% vote.
How much does Brunswick spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $2,949,506 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.

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, David FoulkesDEF 14A2026-03-190001104659-26-031610Section “Executive Compensation”. As printed: 13,020,607. Filing ↗machine: r2 · c7 · span 612754–612765
2Section 01, Ryan GwillimDEF 14A2026-03-190001104659-26-031610Section “Executive Compensation”. As printed: 3,911,484. Filing ↗
3Section 01, John BuelowDEF 14A2026-03-190001104659-26-031610Section “Executive Compensation”. As printed: 2,519,134. Filing ↗
4Section 01, Aine DenariDEF 14A2026-03-190001104659-26-031610Section “Executive Compensation”. As printed: 2,506,246. Filing ↗
5Section 01, Brenna PreisserDEF 14A2026-03-190001104659-26-031610Section “Executive Compensation”. As printed: 2,445,764. Filing ↗
6Section 08, David V. SingerDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 349,095. Filing ↗machine: span 393683–393771
7Section 08, Nancy E. CooperDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 346,763. Filing ↗machine: span 388050–388138
8Section 08, J. Steven WhislerDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 342,845. Filing ↗machine: span 394700–394788
9Section 08, Joseph W. McClanathanDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 334,500. Filing ↗machine: span 392488–392576
10Section 08, David C. EverittDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 327,068. Filing ↗machine: span 389246–389334
11Section 08, Roger J. WoodDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 323,250. Filing ↗machine: span 395893–395981
12Section 08, Reginald Fils-AiméDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 322,975. Filing ↗machine: span 390269–390357
13Section 08, Lauren P. FlahertyDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 312,500. Filing ↗machine: span 391467–391555
14Section 08, MaryAnn WrightDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 290,510. Filing ↗machine: span 397106–397194
15Section 08, David M. FoulkesDEF 14A2026-03-190001104659-26-031610Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2025 voteForm 8-K2025-05-130000014930-25-000073Item 5.07 · say-on-pay result. As reported: 96.89% (votes for as printed: 57,458,140). Filing ↗
17Section 06, 2019 voteForm 8-K2019-05-140000014930-19-000098Item 5.07 · say-on-pay result. As reported: 95.18% (votes for as printed: 69,805,020). Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 09b board cost (computed)Computed——Cash 990,000 + equity 1,707,746 + all other 251,760 = 2,949,506, summed across the director compensation table rows.machine: formula: Σ = 2,949,506
20Dover, Section 10b CEO totalDEF 14A2026-03-240001193125-26-120708CEO total compensation as printed in Dover's own proxy. As printed: 18,757,706. Filing ↗machine: t263 · r2 · c35 · span 813120–813130
21BorgWarner, Section 10b CEO totalDEF 14A2026-03-190001104659-26-031748CEO total compensation as printed in BorgWarner's own proxy. As printed: 15,539,233. Filing ↗machine: t214 · r10 · c16 · span 1542215–1542225
22Timken Company, Section 10b CEO totalDEF 14A2026-03-170001206774-26-000141CEO total compensation as printed in Timken Company's own proxy. As printed: 15,045,651. Filing ↗machine: r1 · c8 · span 747487–747498
23Thor, Section 10b CEO totalDEF 14A2025-11-030001140361-25-040168CEO total compensation as printed in Thor's own proxy. As printed: 14,613,718. Filing ↗
24Brunswick (subject), Section 10b CEO totalDEF 14A2026-03-190001104659-26-031610CEO total compensation as printed in Brunswick's own proxy. As printed: 13,020,607. Filing ↗machine: r2 · c7 · span 612754–612765
25Oshkosh, Section 10b CEO totalDEF 14A2026-03-260001104659-26-035209CEO total compensation as printed in Oshkosh's own proxy. As printed: 12,935,995. Filing ↗machine: r1 · c50 · span 1054711–1054721
26Regal Rexnord, Section 10b CEO totalDEF 14A2026-03-180000082811-26-000085CEO total compensation as printed in Regal Rexnord's own proxy. As printed: 11,468,817. Filing ↗machine: r2 · c27 · span 915928–915938
27Polaris Inc., Section 10b CEO totalDEF 14A2026-03-170001308179-26-000087CEO total compensation as printed in Polaris Inc.'s own proxy. As printed: 11,144,637. Filing ↗machine: r1 · c31 · span 693700–693710
28Flowserve, Section 10b CEO totalDEF 14A2026-04-020001628280-26-022933CEO total compensation as printed in Flowserve's own proxy. As printed: 10,914,232. Filing ↗machine: r2 · c8 · span 2203312–2203322
29Crane, Section 10b CEO totalDEF 14A2026-03-130001193125-26-105005CEO total compensation as printed in Crane's own proxy. As printed: 10,518,852. Filing ↗machine: r3 · c35 · span 842112–842122
30Snap-on, Section 10b CEO totalDEF 14A2026-03-120000091440-26-000101CEO total compensation as printed in Snap-on's own proxy. As printed: 10,138,217. Filing ↗machine: r3 · c27 · span 603974–603985
31LCI Industries, Section 10b CEO totalDEF 14A2026-03-270001140361-26-011739CEO total compensation as printed in LCI Industries's own proxy. As printed: 10,093,861. Filing ↗machine: r1 · c11 · span 128441–128451
32Harley-Davidson, Section 10b CEO totalDEF 14A2026-04-090000793952-26-000022CEO total compensation as printed in Harley-Davidson's own proxy. As printed: 8,591,990. Filing ↗machine: span 1394083–1394092
33Toro Company, Section 10b CEO totalDEF 14A2026-02-030001628280-26-004993CEO total compensation as printed in Toro Company's own proxy. As printed: 8,436,478. Filing ↗machine: r2 · c45 · span 856636–856645
34Stanley Black and Decker, Section 10b CEO totalDEF 14A2026-03-060001140361-26-008170CEO total compensation as printed in Stanley Black and Decker's own proxy. As printed: 7,656,246. Filing ↗machine: r2 · c25 · span 1734426–1734435
35Dana Incorporated, Section 10b CEO totalDEF 14A2026-03-130001140361-26-009305CEO total compensation as printed in Dana Incorporated's own proxy. As printed: 5,609,922. Filing ↗machine: r2 · c25 · span 535285–535294
36Section 10a, Thor reciprocityDEF 14A—0001140361-25-040168Thor's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
37Section 10a, Timken Company reciprocityDEF 14A—0001206774-26-000141Timken Company's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
38Section 10a, Regal Rexnord reciprocityDEF 14A—0000082811-26-000085Regal Rexnord names Brunswick in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Crane reciprocityDEF 14A—0001193125-26-105005Crane's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
40Section 10a, Harley-Davidson reciprocityDEF 14A—0000793952-26-000022Harley-Davidson names Brunswick in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, BorgWarner reciprocityDEF 14A—0001104659-26-031748BorgWarner's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
42Section 10a, Oshkosh reciprocityDEF 14A—0001104659-26-035209Oshkosh's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
43Section 10a, Flowserve reciprocityDEF 14A—0001628280-26-022933Flowserve's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
44Section 10a, Polaris Inc. reciprocityDEF 14A—0001308179-26-000087Polaris Inc. names Brunswick in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Snap-on reciprocityDEF 14A—0000091440-26-000101Snap-on's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
46Section 10a, Dana Incorporated reciprocityDEF 14A—0001140361-26-009305Dana Incorporated's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
47Section 10a, Stanley Black and Decker reciprocityDEF 14A—0001140361-26-008170Stanley Black and Decker's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗
48Section 10a, Dover reciprocityDEF 14A—0001193125-26-120708Dover's most recent proxy was read; its disclosed peer group does not include Brunswick. Filing ↗

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