Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-08

GMS Inc (GMS)

Fiscal year 2024 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.

$5,165,943
John Turner Jr. total, FY2024
29th
CEO pay percentile vs peers
74:1
CEO-to-median pay ratio
98.48%
Say-on-pay support, latest vote
Companies that benchmark against GMS
3 companies name GMS as a compensation peer

Each company listed discloses GMS 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 GMS 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Turner Jr.$865,000$0$1,650,013$1,650,030$977,606$0$23,294$5,165,943
President and Chief Executive Officer
Scott Deakin554,3460375,047375,008375,907022,3131,702,621
Senior Vice President and Chief Financial Officer
George Hendren517,5000300,023300,027350,921018,2651,486,736
Senior Vice President, Chief Operating Officer
Craig Apolinsky449,6860275,040275,022304,936024,2581,328,942
Senior Vice President, General Counsel and Corporate Secretary
Leigh Dobbs367,5000113,771113,756249,205022,524866,756
Senior Vice President, Chief Human Resources 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
John Turner Jr.$5,165,943$5,079,038
Scott Deakin1,702,6211,988,149−285,528
George Hendren1,486,7361,528,936−42,200
Craig Apolinsky1,328,9421,404,3291,402,425−75,387
Leigh Dobbs866,756752,264+114,492

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
John Turner Jr.2023-08-0122,059$1,650,013
John Turner Jr.PSU2023-08-017480801,650,030
Leigh DobbsPSU2023-08-01748080113,756
Craig ApolinskyRSU2023-08-013,677275,040
George HendrenPSU2023-08-01748080300,027
George HendrenRSU2023-08-01300,023
Leigh DobbsRSU2023-08-011,521113,771
Scott DeakinPSU2023-08-01748080375,008
Craig ApolinskyPSU2023-08-01748080275,022
Scott DeakinRSU2023-08-015,014375,047
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Turner Jr.$0$1,650,030$0100.0%
Leigh Dobbs113,771113,756050.0%
Craig Apolinsky275,040275,022050.0%
George Hendren300,023300,027050.0%
Scott Deakin375,047375,008050.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Craig ApolinskyOption7,89553.82
George HendrenRSU8,914824,723
Leigh DobbsOption3,32245.67
John Turner Jr.RSU51,4354,758,766
Leigh DobbsOption3,41274.8
John Turner Jr.Option49,49174.8
John Turner Jr.Option24,70349.13
John Turner Jr.Option40,79453.82
George HendrenOption7,89553.82
George HendrenOption2,88249.13
George HendrenOption8,99974.8
Scott DeakinRSU13,7511,272,243
Craig ApolinskyRSU9,258856,550
Leigh DobbsRSU3,181294,306
Scott DeakinOption6,17549.13
Scott DeakinOption13,15953.82
Scott DeakinOption11,24874.8
Craig ApolinskyOption4,52849.13
Craig ApolinskyOption8,24974.8
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is designed to reward executives for achievement of the Company's short- and long-term performance goals... designed to: (1) attract highly qualified individuals; (2) retain those individuals in a competitive marketplace for executive talent; and (3) motivate performance in a manner that supports achievement of our mission to increase stockholder value while ensuring these programs do not encourage excessive risk-taking.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantMeridian
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-10-2336,145,598556,494376,21098.48%Passed
20232023-10-1835,628,115677,2018,67598.13%Passed
20222022-10-1937,124,488494,78319,40298.68%Passed
20212021-10-2138,730,587475,273160,07898.79%Passed
20202020-10-2237,395,311646,096117,26798.3%Passed
20192019-10-3034,913,972360,02222,80198.98%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
20242024-10-2398.48%a
20232023-10-1898.13%b
20222022-10-1998.68%c

a. Approved under the standard stated in the filing — “Abstentions and non-votes by brokers, banks and other nominee holders of record will not be counted as votes for or against the below resolution.”.

b. Approved under the standard stated in the filing — “Abstentions and non-votes by brokers, banks and other nominee holders of record will not be counted as votes for or against the below resolution.”.

c. Approved under the standard stated in the filing — “Abstentions and non-votes by brokers, banks and other nominee holders of record will not be counted as votes for or against the below resolution.”.

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)74 : 1
CEO total compensation$5,165,943
Median employee compensation$69,855
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John J. GavinIndependent · Board Chair · Audit · Nominating/Governance$229,375$125,000$0$0$354,375
J. David SmithIndependent · Audit · Human Capital Management and Compensation Committee (Chair) · Nominating/Governance145,000125,00000270,000
Teri P. McClureIndependent · Audit · Human Capital Management and Compensation Committee (Chair) · Nominating/Governance (Chair)125,000125,00000250,000
Mitchell B. LewisIndependent · Audit (Chair) · Nominating/Governance123,125125,00000248,125
Randolph W. MelvilleIndependent · Audit · Nominating/Governance120,000125,00000245,000
Lisa M. BachmannIndependent · Audit · Nominating/Governance120,000125,00000245,000
Theron I. GilliamIndependent · Human Capital Management and Compensation Committee · Nominating/Governance117,500125,00000242,500
Peter C. BrowningIndependent · Human Capital Management and Compensation Committee · Nominating/Governance · Not standing for re-election117,500125,00000242,500
W. Bradley SouthernIndependent · Human Capital Management and Compensation Committee · Nominating/Governance · Newly elected33,52635,1780068,704
John C. Turner JrEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$125,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 15,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$1,131,026
Equity awards (grant-date value)$1,035,178
All other compensation$0
Total cost of the board$2,166,204

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

10

Disclosed peer group — fiscal year 2024

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

JELD JELD-WEN Holding, Inc.LII Lennox International Inc.MSM MSC Industrial Direct Co. Inc.SSD Simpson Manufacturing Co., Inc.BCC Boise Cascade CompanyFAST Fastenal CompanyCNM Core Main, Inc.AIT Applied Industrial Technologies, Inc. Beacon Roofing Supply, Inc.ATKR Atkore International Group Inc.AOS A.O. Smith CorporationAWI Armstrong World Industries, Inc.SITE SiteOne Landscape Supply, Inc.BLD TopBuild Corp.BXC BlueLinx Holdings, Inc.
10a

Peer reciprocity

Of the companies GMS Inc 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.

JELD-WEN Holding, Inc. (JELD)40 Lennox International Inc. (LII)41 MSC Industrial Direct Co. Inc. (MSM)42 Simpson Manufacturing Co., Inc. (SSD) Boise Cascade Company (BCC) Fastenal Company (FAST)43 Core Main, Inc. (CNM) Applied Industrial Technologies, Inc. (AIT)44 Atkore International Group Inc. (ATKR) A.O. Smith Corporation (AOS) Armstrong World Industries, Inc. (AWI) SiteOne Landscape Supply, Inc. (SITE) TopBuild Corp. (BLD) BlueLinx Holdings, Inc. (BXC)

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 GMS Inc.

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
1Lennox International Inc.2025Alok Maskara$1,176,250$4,500,496$1,149,880$1,329,604$8,434,155
2Applied Industrial Technologies, Inc.2025Neil Schrimsher801,4033,162,6271,175,6511,173,7246,517,480
3JELD-WEN Holding, Inc.2025William Christensen1,100,0002,300,8902,284,066621,4736,283,343
4MSC Industrial Direct Co. Inc.2025Erik Gershwind871,4113,549,96601,425,7505,873,837
5GMS Inc2024John Turner Jr.865,0001,650,0131,650,030977,6065,165,943
6A.O. Smith Corporation2025Stephen Shafer965,7502,678,04401,068,0004,960,450
7Fastenal Company2025Daniel Florness750,0000861,3872,569,0004,183,328
Simpson Manufacturing Co., Inc.not in coverage universe
Boise Cascade Companynot in coverage universe
Core Main, Inc.not in coverage universe
Atkore International Group Inc.not in coverage universe
Armstrong World Industries, Inc.not in coverage universe
SiteOne Landscape Supply, Inc.not in coverage universe
TopBuild Corp.not in coverage universe
BlueLinx Holdings, 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
GMS Inc113.0%RSU 50 · Options 50not disclosedMeridian
A.O. Smith Corporation98.3%RSU 50 · Cash LTI 35 · PSU 15NoWillis Towers Watson (WTW)
Applied Industrial Technologies, Inc.106.2%PSU 55 · Options 23 · RSU 23NoPay Governance
Armstrong World Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Atkore International Group Inc.not disclosednot disclosednot disclosednot disclosed
BlueLinx Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Boise Cascade Companynot disclosednot disclosednot disclosednot disclosed
Core Main, Inc.not disclosednot disclosednot disclosednot disclosed
Fastenal Company342%Options 100not disclosednot disclosed
JELD-WEN Holding, Inc.42%PSU 50 · RSU 25 · Options 25NoPay Governance
Lennox International Inc.90%PSU 50 · RSU 30 · Options 20NoMeridian Compensation Partners
MSC Industrial Direct Co. Inc.95%PSU 50 · RSU 50NoFW Cook
Simpson Manufacturing Co., Inc.not disclosednot disclosednot disclosednot disclosed
SiteOne Landscape Supply, Inc.not disclosednot disclosednot disclosednot disclosed
TopBuild Corp.not 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, John Turner Jr.DEF 14A2024-08-270001628280-24-038533Section “SUMMARY COMPENSATION TABLE” · page 39. As printed: 5,165,943. Filing ↗machine: t37 · span 567756–567765
2Section 01, Scott DeakinDEF 14A2024-08-270001628280-24-038533Section “SUMMARY COMPENSATION TABLE” · page 39. As printed: 1,702,621. Filing ↗machine: r6 · c48 · span 577338–577347
3Section 01, George HendrenDEF 14A2024-08-270001628280-24-038533Section “SUMMARY COMPENSATION TABLE” · page 39. As printed: 1,486,736. Filing ↗machine: r17 · c48 · span 602121–602130
4Section 01, Craig ApolinskyDEF 14A2024-08-270001628280-24-038533Section “SUMMARY COMPENSATION TABLE” · page 39. As printed: 1,328,942. Filing ↗machine: r9 · c48 · span 585407–585416
5Section 01, Leigh DobbsDEF 14A2024-08-270001628280-24-038533Section “SUMMARY COMPENSATION TABLE” · page 39. As printed: 866,756. Filing ↗machine: r13 · c48 · span 594969–594976
6Section 03, John Turner Jr. DEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t37 · r2 · c10 · span 565393–565402
7Section 03, John Turner Jr. PSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t37 · r2 · c13 · span 565985–565994
8Section 03, Leigh Dobbs PSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t38 · r14 · c14 · span 647665–647667
9Section 03, Craig Apolinsky RSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t34 · r4 · c1 · span 520772–520777
10Section 03, George Hendren PSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t37 · r17 · c10 · span 601180–601187
11Section 03, George Hendren RSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t37 · r17 · c8 · span 600866–600873
12Section 03, Leigh Dobbs RSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t34 · r5 · c1 · span 522009–522014
13Section 03, Scott Deakin PSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t38 · r8 · c14 · span 633030–633032
14Section 03, Craig Apolinsky PSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t38 · r11 · c14 · span 640937–640939
15Section 03, Scott Deakin RSUDEF 14A2024-08-270001628280-24-038533Section “GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. Filing ↗machine: t34 · r3 · c1 · span 519555–519560
16Section 07, pay ratioDEF 14A0001628280-24-038533Section “CEO Pay Ratio”. As printed: 74 : 1.machine: span 778453–778460
17Section 08, John J. GavinDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 354,375. Filing ↗machine: t21 · r4 · c8 · span 374422–374429
18Section 08, J. David SmithDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 270,000. Filing ↗machine: t21 · r9 · c8 · span 381320–381327
19Section 08, Teri P. McClureDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 250,000. Filing ↗machine: t21 · r7 · c8 · span 378515–378522
20Section 08, Mitchell B. LewisDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 248,125. Filing ↗machine: t21 · r6 · c8 · span 377227–377234
21Section 08, Randolph W. MelvilleDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 245,000. Filing ↗machine: t21 · r8 · c8 · span 380033–380040
22Section 08, Lisa M. BachmannDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 245,000. Filing ↗machine: t21 · r2 · c11 · span 371621–371628
23Section 08, Theron I. GilliamDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 242,500. Filing ↗machine: t21 · r5 · c8 · span 375712–375719
24Section 08, Peter C. BrowningDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 242,500. Filing ↗machine: t21 · r3 · c8 · span 372911–372918
25Section 08, W. Bradley SouthernDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 68,704. Filing ↗machine: t21 · r10 · c8 · span 383027–383033
26Section 08, John C. Turner JrDEF 14A2024-08-270001628280-24-038533Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2024 voteForm 8-K2024-10-240001104659-24-111153Item 5.07 · say-on-pay result. As reported: 98.48% (votes for as printed: 36,145,598). Filing ↗
28Section 06, 2023 voteForm 8-K2023-10-200001104659-23-110337Item 5.07 · say-on-pay result. As reported: 98.13% (votes for as printed: 35,628,115). Filing ↗
29Section 06, 2022 voteForm 8-K2022-10-210001104659-22-110652Item 5.07 · say-on-pay result. As reported: 98.68% (votes for as printed: 37,124,488). Filing ↗
30Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 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
32Section 09b board cost (computed)ComputedcomputedCash 1,131,026 + equity 1,035,178 + all other 0 = 2,166,204, summed across the director compensation table rows.machine: formula: Σ = 2,166,204
33Lennox International Inc., Section 10b CEO totalDEF 14A2026-04-080001069202-26-000046CEO total compensation as printed in Lennox International Inc.'s own proxy. As printed: 8,434,155. Filing ↗machine: r3 · c27 · span 747666–747675
34Applied Industrial Technologies, Inc., Section 10b CEO totalDEF 14A2025-09-100001193125-25-200079CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 6,517,480. Filing ↗machine: r3 · c31 · span 736163–736172
35JELD-WEN Holding, Inc., Section 10b CEO totalDEF 14A2026-03-120001674335-26-000050CEO total compensation as printed in JELD-WEN Holding, Inc.'s own proxy. As printed: 6,283,343. Filing ↗machine: r4 · c10 · span 2108366–2108376
36MSC Industrial Direct Co. Inc., Section 10b CEO totalDEF 14A2025-12-110001003078-25-000174CEO total compensation as printed in MSC Industrial Direct Co. Inc.'s own proxy. As printed: 5,873,837. Filing ↗machine: t26 · r2 · c16 · span 209861–209870
37GMS Inc (subject), Section 10b CEO totalDEF 14A2024-08-270001628280-24-038533CEO total compensation as printed in GMS Inc's own proxy. As printed: 5,165,943. Filing ↗machine: t37 · span 567756–567765
38A.O. Smith Corporation, Section 10b CEO totalDEF 14A2026-03-040001193125-26-089938CEO total compensation as printed in A.O. Smith Corporation's own proxy. As printed: 4,960,450. Filing ↗machine: t139 · r3 · c44 · span 652859–652868
39Fastenal Company, Section 10b CEO totalDEF 14A2026-02-250000815556-26-000017CEO total compensation as printed in Fastenal Company's own proxy. As printed: 4,183,328. Filing ↗machine: span 487146–487155
40Section 10a, JELD-WEN Holding, Inc. reciprocityDEF 14A0001674335-26-000050JELD-WEN Holding, Inc.'s most recent proxy was read; its disclosed peer group does not include GMS Inc. Filing ↗
41Section 10a, Lennox International Inc. reciprocityDEF 14A0001069202-26-000046Lennox International Inc.'s most recent proxy was read; its disclosed peer group does not include GMS Inc. Filing ↗
42Section 10a, MSC Industrial Direct Co. Inc. reciprocityDEF 14A0001003078-25-000174MSC Industrial Direct Co. Inc. names GMS Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Fastenal Company reciprocityDEF 14A0000815556-26-000017Fastenal Company's most recent proxy was read; its disclosed peer group does not include GMS Inc. Filing ↗
44Section 10a, Applied Industrial Technologies, Inc. reciprocityDEF 14A0001193125-25-200079Applied Industrial Technologies, Inc. names GMS Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗