Companies Lincoln Electric Holdings Inc
Lincoln Electric (LECO): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Lincoln Electric Holdings Inc’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO vs. named peers19th pct.Of 22 peer CEOs
CEO pay, last three years
- $5,333,638FY2023
- $7,356,657FY2024
- $8,394,536FY2025
CEO total pay was $8,394,536 in fiscal 2025, up from $7,356,657 in fiscal 2024.
FY2025: salary $1,050,000 · bonus $0 · stock awards $4,326,636 · option awards $1,375,027
Executives and directors
Christopher Mapes · Executive ChairGabriel Bruno · CFOMichael Whitehead · EVPMichele Kuhrt · EVPSteven Hedlund · CEOSusan Edwards · ExecutiveJennifer Ansberry · General CounselBen P. Patel · Independent DirectorBonnie J. Fetch · Independent DirectorBrian D. Chambers · Independent DirectorCurtis E. Espeland · Independent DirectorKathryn Jo Lincoln · Independent DirectorMarc A. Howze · Independent DirectorMichael F. Hilton · Independent DirectorN. Joy Falotico · Independent DirectorPatrick P. Goris · Independent DirectorPhillip J. Mason · Independent Director
Frequently asked questions
Who was the highest-paid executive at Lincoln Electric Holdings Inc in fiscal 2025?
As disclosed, Steven Hedlund (Chairman and Chief Executive Officer) was the highest-paid executive at Lincoln Electric Holdings Inc in fiscal 2025, with total compensation of $8,394,536.
How does Lincoln Electric Holdings Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Steven Hedlund's total compensation ranked at the 19th percentile of Lincoln Electric Holdings Inc's disclosed peer group.
What is Lincoln Electric Holdings Inc's CEO-to-median employee pay ratio?
As disclosed, Lincoln Electric Holdings Inc's CEO-to-median employee pay ratio was 148:1.
How did shareholders vote on Lincoln Electric Holdings Inc's executive compensation?
As disclosed, 96.85% of shareholders supported Lincoln Electric Holdings Inc's executive compensation in the latest say-on-pay vote.
How much does Lincoln Electric Holdings Inc spend in total on board compensation for fiscal 2025?
As disclosed, Lincoln Electric Holdings Inc reported total board compensation of $1,852,073 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 |
|---|---|---|---|---|---|---|---|---|
| Steven Hedlund | $1,050,000 | $0 | $4,326,636 | $1,375,027 | $1,301,615 | $0 | $341,258 | $8,394,536 |
| Chairman and Chief Executive Officer | ||||||||
| Christopher Mapes | 553,800 | 0 | 3,897,502 | 1,881,054 | 490,232 | 76,829 | 226,609 | 7,126,026 |
| Executive Chair | ||||||||
| Gabriel Bruno | 600,000 | 0 | 1,258,697 | 399,998 | 515,491 | 468 | 136,201 | 2,910,855 |
| Executive Vice President, Chief Financial Officer and Treasurer | ||||||||
| Jennifer Ansberry | 530,000 | 0 | 660,654 | 209,996 | 403,950 | 0 | 120,095 | 1,924,695 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Michael Whitehead | 443,534 | 0 | 531,114 | 168,723 | 379,416 | 0 | 101,442 | 1,624,229 |
| Executive Vice President, President, Americas Welding | ||||||||
| Susan Edwards | 485,000 | 0 | 511,251 | 162,524 | 382,672 | 0 | 47,914 | 1,589,361 |
| Executive Vice President, Chief Human Resources Officer | ||||||||
| Michele Kuhrt | 468,000 | 0 | 397,160 | 191,686 | 262,857 | 0 | 153,230 | 1,472,933 |
| Executive Vice President, Chief Transformation 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 |
|---|---|---|---|---|
| Steven Hedlund | $8,394,536 | $7,356,657 | $5,333,638 | ↑ +1,037,879 |
| Christopher Mapes | 7,126,026 | 7,126,026 | 10,609,670 | ↑ +0 |
| Gabriel Bruno | 2,910,855 | 2,553,046 | 2,989,715 | ↑ +357,809 |
| Jennifer Ansberry | 1,924,695 | 1,795,061 | 2,140,652 | ↑ +129,634 |
| Michael Whitehead | 1,624,229 | — | — | — |
| Susan Edwards | 1,589,361 | — | — | — |
| Michele Kuhrt | 1,472,933 | 1,472,933 | — | ↑ +0 |
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
Our compensation philosophy is to pay for performance, a philosophy that has been rooted in our history and tradition for over 130 years. Our compensation program consists of elements designed to complement one another and focus on both short-term and long-term performance.
| CEO STI target (% of salary) | 139% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners |
| 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 |
|---|---|---|---|---|---|---|---|
| Michele Kuhrt | OPTION | 2024-02-20 | — | — | 2,896 | — | $191,686 |
| Steven Hedlund | RSU | 2023-02-15 | — | — | 6,693 | — | 1,653,104 |
| Steven Hedlund | RSU | 2023-08-01 | — | — | 6,693 | — | 1,653,104 |
| Gabriel Bruno | RSU | 2025-02-19 | — | — | 1,943 | — | 419,494 |
| Jennifer Ansberry | OPTION | 2025-02-19 | — | — | 3,760 | — | 209,996 |
| Michele Kuhrt | RSU | 2024-02-20 | — | — | 804 | — | 198,580 |
| Steven Hedlund | PSU | 2025-02-19 | 0 | 13,360 | — | 26,720 | 2,884,424 |
| Michele Kuhrt | PSU | 2024-02-20 | — | 804 | — | 1,608 | 198,580 |
| Michael Whitehead | RSU | 2025-02-19 | — | — | 820 | — | 177,038 |
| Gabriel Bruno | RSU | 2023-02-15 | — | — | 1,888 | — | 466,317 |
| Jennifer Ansberry | RSU | 2025-02-19 | — | — | 1,020 | — | 220,218 |
| Gabriel Bruno | PSU | 2025-02-19 | 0 | 3,887 | — | 7,774 | 839,203 |
| Jennifer Ansberry | PSU | 2025-02-19 | 0 | 2,040 | — | 4,080 | 440,436 |
| Susan Edwards | RSU | 2025-02-19 | — | — | 789 | — | 170,345 |
| Steven Hedlund | RSU | 2025-02-19 | — | — | 6,680 | — | 1,442,212 |
| Christopher Mapes | PSU | 2024-02-20 | — | 7,890 | — | 15,780 | 1,948,751 |
| Christopher Mapes | RSU | 2023-02-15 | — | — | 7,890 | — | 1,948,751 |
| Steven Hedlund | RSU | 2023-02-15 | — | — | 10,385 | — | 479,995 |
| Michael Whitehead | OPTION | 2025-02-19 | — | — | 3,021 | — | 168,723 |
| Susan Edwards | OPTION | 2025-02-19 | — | — | 2,910 | — | 162,524 |
| Steven Hedlund | OPTION | 2025-02-19 | — | — | 24,620 | — | 1,375,027 |
| Gabriel Bruno | OPTION | 2025-02-19 | — | — | 7,162 | — | 399,998 |
| Christopher Mapes | OPTION | 2024-02-20 | — | — | 28,419 | — | 1,881,054 |
| Christopher Mapes | RSU | 2024-02-20 | — | — | 7,890 | — | 1,948,751 |
| Michael Whitehead | PSU | 2025-02-19 | 0 | 1,640 | — | 3,280 | 354,076 |
| Susan Edwards | PSU | 2025-02-19 | 0 | 1,579 | — | 3,158 | 340,906 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Michele Kuhrt | $198,580 | $198,580 | $191,686 | 33.7% |
| Steven Hedlund | 5,228,415 | 2,884,424 | 1,375,027 | 30.4% |
| Gabriel Bruno | 885,811 | 839,203 | 399,998 | 39.5% |
| Jennifer Ansberry | 220,218 | 440,436 | 209,996 | 50.6% |
| Michael Whitehead | 177,038 | 354,076 | 168,723 | 50.6% |
| Susan Edwards | 170,345 | 340,906 | 162,524 | 50.6% |
| Christopher Mapes | 3,897,502 | 1,948,751 | 1,881,054 | 25.2% |
% 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 |
|---|---|---|---|---|
| Susan Edwards | RSU | 574 | — | $137,553 |
| Michael Whitehead | PSU | 576 | — | 138,033 |
| Michael Whitehead | RSU | 699 | — | 167,508 |
| Michael Whitehead | Option | 722 | 175.97 | — |
| Susan Edwards | RSU | 789 | — | 189,076 |
| Michael Whitehead | RSU | 820 | — | 196,505 |
| Jennifer Ansberry | RSU | 1,020 | — | 244,433 |
| Jennifer Ansberry | RSU | 1,119 | — | 268,157 |
| Susan Edwards | PSU | 1,148 | — | 275,107 |
| Michael Whitehead | PSU | 1,398 | — | 335,017 |
| Susan Edwards | Option | 1,434 | 246.54 | — |
| Jennifer Ansberry | PSU | 1,489 | — | 356,824 |
| Michael Whitehead | Option | 1,679 | 246.99 | — |
| Gabriel Bruno | PSU | 1,728 | — | 414,098 |
| Steven Hedlund | PSU | 1,832 | — | 439,020 |
| Jennifer Ansberry | Option | 1,863 | 175.97 | — |
| Gabriel Bruno | RSU | 1,888 | — | 452,440 |
| Gabriel Bruno | RSU | 1,943 | — | 465,621 |
| Jennifer Ansberry | PSU | 2,238 | — | 536,314 |
| Gabriel Bruno | PSU | 2,421 | — | 580,168 |
| Steven Hedlund | PSU | 2,475 | — | 593,109 |
| Jennifer Ansberry | Option | 2,686 | 246.99 | — |
| Steven Hedlund | PSU | 2,767 | — | 663,084 |
| Susan Edwards | Option | 2,910 | 215.9 | — |
| Michael Whitehead | Option | 3,021 | 215.9 | — |
| Gabriel Bruno | Option | 3,029 | 175.97 | — |
| Steven Hedlund | Option | 3,077 | 200.14 | — |
| Susan Edwards | PSU | 3,158 | — | 756,783 |
| Michael Whitehead | PSU | 3,280 | — | 786,019 |
| Steven Hedlund | Option | 3,463 | 175.97 | — |
| Jennifer Ansberry | Option | 3,760 | 215.9 | — |
| Gabriel Bruno | PSU | 3,776 | — | 904,881 |
| Jennifer Ansberry | PSU | 4,080 | — | 977,731 |
| Gabriel Bruno | Option | 4,533 | 246.99 | — |
| Steven Hedlund | RSU | 6,680 | — | 1,600,795 |
| Steven Hedlund | RSU | 6,693 | — | 1,603,911 |
| Gabriel Bruno | Option | 7,162 | 215.9 | — |
| Gabriel Bruno | PSU | 7,774 | — | 1,862,961 |
| Steven Hedlund | PSU | 13,386 | — | 3,207,821 |
| Steven Hedlund | Option | 16,072 | 246.99 | — |
| Steven Hedlund | Option | 24,620 | 215.9 | — |
| Steven Hedlund | PSU | 26,720 | — | 6,403,181 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| N. Joy FaloticoIndependent · Audit · Nominating and Corporate Governance | $82,069 | $188,310 | — | — | — | $270,380 |
| Curtis E. EspelandIndependent · Audit · Finance | 130,000 | 63,520 | — | — | — | 193,520 |
| Patrick P. GorisIndependent · Audit (Chair) | 125,000 | 63,520 | — | — | — | 189,870 |
| Michael F. HiltonIndependent · Compensation and Executive Development (Chair) · Nominating and Corporate Governance | 115,000 | 63,520 | — | — | — | 178,602 |
| Phillip J. MasonIndependent · Compensation and Executive Development · Finance (Chair) · Not standing for re-election | 115,000 | 63,520 | — | — | — | 178,520 |
| Marc A. HowzeIndependent · Compensation and Executive Development · Nominating and Corporate Governance (Chair) | 105,000 | 63,520 | — | — | — | 168,520 |
| Ben P. PatelIndependent · Audit · Nominating and Corporate Governance · Finance | 95,000 | 63,520 | — | — | — | 158,606 |
| Kathryn Jo LincolnIndependent · Compensation and Executive Development · Nominating and Corporate Governance | 95,000 | 63,520 | — | — | — | 158,606 |
| Brian D. ChambersIndependent · Audit · Finance | 95,000 | 63,520 | — | — | — | 158,539 |
| Bonnie J. FetchIndependent · Compensation and Executive Development · Finance | 95,000 | 63,520 | — | — | — | 158,526 |
| Kellye L. WalkerIndependent · Departed during FY | 40,014 | — | — | — | — | 40,022 |
| Steven B. HedlundEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $110,000 |
|---|---|
| Annual equity retainer | $180,000 |
| Per board meeting fee | $1,500 |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 20,000 / 20,000 |
| Stock ownership guideline | Directors have five years from the date of election to the Board to satisfy the stock ownership guidelines. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,092,083 |
| Equity awards (grant-date value) | $759,990 |
| All other compensation | $0 |
| Total cost of the board | $1,852,073 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Lincoln Electric as a peer
Companies that benchmark against LECO
19 companies name LECO as a compensation peer
The list of companies that name LECO as a peer is temporarily unavailable — recheck shortly.
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.
AME Ametek Inc.IEX IDEX CorporationTKR The Timken CompanyITT ITT Inc.CSL Carlisle Companies Inc.WWD Woodward Inc.FTV Fortive CorporationIR Ingersoll Rand Inc.DOV Dover CorporationESAB ESAB CorporationRRX Regal Rexnord CorporationGGG Graco Inc.FLS Flowserve CorporationNDSN Nordson CorporationTTC The Toro CompanySNA Snap-On, Inc.XYL Xylem CorporationCR Crane Co.TEX Terex CorporationDCI Donaldson Company, Inc.KMT Kennametal Inc. Corporation
Peer reciprocity
The companies Lincoln Electric Holdings Inc names as compensation peers that name it back in their own disclosed peer groups.
IDEX Corporation (IEX)94ITT Inc. (ITT)95ESAB Corporation (ESAB)96Flowserve Corporation (FLS)97Nordson Corporation (NDSN)98Snap-On, Inc. (SNA)99Xylem Corporation (XYL)100Terex Corporation (TEX)101Donaldson Company, Inc. (DCI)102
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 | Dover Corporation | 2025 | Richard Tobin | $1,387,385 | $8,040,726 | $6,562,519 | $0 | $18,757,706 |
| 2 | Ametek Inc. | 2025 | David Zapico | 1,400,000 | 8,781,306 | 2,165,634 | 2,437,155 | 16,462,630 |
| 3 | Ingersoll Rand Inc. | 2025 | Vicente Reynal | 1,185,785 | 7,078,168 | 6,423,971 | 1,242,000 | 16,197,391 |
| 4 | ITT Inc. | 2025 | Luca Savi | 1,190,386 | 11,073,033 | 0 | 2,575,800 | 15,104,378 |
| 5 | The Timken Company | 2025 | Lucian Boldea | 366,667 | 12,004,071 | 0 | 1,124,145 | 15,045,651 |
| 6 | Fortive Corporation | 2025 | Olumide Soroye | 931,733 | 8,196,125 | 3,706,519 | 1,358,100 | 14,405,012 |
| 7 | Regal Rexnord Corporation | 2025 | Louis Pinkham | 1,223,077 | 7,693,847 | 0 | 2,228,450 | 11,468,817 |
| 8 | Carlisle Companies Inc. | 2025 | D. Christian Koch | 1,493,000 | 6,376,929 | 2,612,603 | 0 | 11,359,438 |
| 9 | Xylem Corporation | 2025 | Matthew Pine | 1,120,193 | 6,190,308 | 1,825,034 | 1,937,250 | 11,286,806 |
| 10 | Flowserve Corporation | 2025 | R. Scott Rowe | 1,236,538 | 7,245,114 | 0 | 1,901,250 | 10,914,232 |
| 11 | Crane Co. | 2025 | Max Mitchell | 1,244,231 | 5,480,738 | 1,562,506 | 1,840,200 | 10,518,852 |
| 12 | Woodward Inc. | 2025 | Charles Blankenship, Jr. | 1,177,887 | 5,898,696 | 0 | 2,895,100 | 10,482,876 |
| 13 | Snap-On, Inc. | 2025 | Nicholas Pinchuk | 1,142,473 | 6,013,221 | 1,550,010 | 462,702 | 10,138,217 |
| 14 | Esab Corporation | 2025 | Shyam P. Kambeyanda | 1,074,175 | 6,754,615 | 1,415,023 | 0 | 9,695,542 |
| 15 | Graco Inc. | 2025 | Mark Sheahan | 1,065,000 | 0 | 5,749,775 | 1,259,907 | 9,491,330 |
| 16 | Idex Corporation | 2025 | Eric Ashleman | 1,079,885 | 4,933,497 | 1,521,621 | 1,345,163 | 9,112,893 |
| 17 | The Toro Company | 2025 | Richard Olson | 1,239,816 | 3,300,642 | 2,326,224 | 1,315,197 | 8,436,478 |
| 18 | Lincoln Electric Holdings Inc | 2025 | Steven Hedlund | 1,050,000 | 4,326,636 | 1,375,027 | 1,301,615 | 8,394,536 |
| 19 | Nordson Corporation | 2025 | Sundaram Nagarajan | 1,049,385 | 3,514,413 | 1,519,547 | 1,327,472 | 8,153,900 |
| 20 | Kennametal Inc. | 2026 | Sanjay Chowbey | 937,141 | 4,776,510 | — | 1,511,496 | 7,356,246 |
| 21 | Terex Corporation | 2025 | Simon Meester | 961,538 | 5,203,318 | 0 | 840,609 | 7,294,990 |
| 22 | Donaldson Company, Inc. | 2026 | Richard Lewis | 883,423 | 1,568,900 | 1,570,013 | 1,114,964 | 5,195,987 |
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 |
|---|---|---|---|---|
| Lincoln Electric Holdings Inc | 80.8% | not disclosed | No | Meridian Compensation Partners |
| Ametek Inc. | 147.5% | not disclosed | Yes — Relative Total Shareholder Return (TSR) | Pay Governance LLC |
| Carlisle Companies Inc. | not disclosed | PSU 33 · RSU 33 · Options 33 | No | Willis Towers Watson |
| Crane Co. | 122.7% | PSU 55 · Options 25 · RSU 20 | No | Frederic W. Cook & Co., Inc. |
| Donaldson Company, Inc. | not disclosed | PSU 50 · Option 50 | not disclosed | WTW |
| Dover Corporation | 121.7% | PSU 40 · Options 40 · RSU 20 | Yes — 3-Year relative TSR | Meridian Compensation Partners, LLC |
| Esab Corporation | not disclosed | not disclosed | No | Meridian |
| Flowserve Corporation | 117% | not disclosed | Yes — relative Total Shareholder Return (rTSR) | F.W. Cook |
| Fortive Corporation | not disclosed | PSU 50 · RSU 25 · Option 25 | Yes — Relative TSR vs. S&P 500 | Pearl Meyer |
| Graco Inc. | not disclosed | Option 100 | not disclosed | Willis Towers Watson |
| Idex Corporation | 99% | PSU 50 · Options 25 · RSU 25 | Yes — relative TSR measured against the TSR of companies in the S&P 500 Index | F.W. Cook |
| Ingersoll Rand Inc. | 69% | PSU 50 · RSU 25 · Options 25 | Yes — Relative TSR vs. the S&P 500 Industrials | Pay Governance |
| ITT Inc. | 159% | PSU 60 · RSU 40 | Yes — Relative TSR | Pay Governance |
| Kennametal Inc. | not disclosed | PSU 60 · RSU 40 | No | Pay Governance |
| Nordson Corporation | not disclosed | PSU 50 · Options 30 · RSU 20 | No | FW Cook |
| Regal Rexnord Corporation | 127.3% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Meridian Compensation Partners |
| Snap-On, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | No | Semler Brossy Consulting Group, LLC |
| Terex Corporation | not disclosed | PRSU 65 · RSU 35 | Yes — total shareholder return (TSR) | Pay Governance LLC |
| The Timken Company | 81.8% | PSU 60 · RSU 40 | Yes — Relative TSR | Willis Towers Watson |
| The Toro Company | not disclosed | PSU 60 · Options 40 | No | Willis Towers Watson |
| Woodward Inc. | 127% | RSU 50 · PSU 50 | Yes — Total Shareholder Return (TSR) relative to S&P MidCap 400 Index | FW Cook |
| Xylem Corporation | 123% | PSU 50 · RSU 25 · Options 25 | Yes — Relative TSR | Meridian Compensation Partners |
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 | 2026-04-17 | 40,053,258 | 1,166,337 | 136,791 | 96.85% | Passed |
| 2025 | 2025-04-24 | 41,890,900 | 899,020 | 280,005 | 97.26% | Passed |
| 2024 | 2024-04-19 | 43,664,245 | 934,508 | 431,594 | 96.97% | Passed |
| 2023 | 2023-04-19 | 43,475,051 | 1,576,156 | 159,059 | 96.16% | Passed |
| 2022 | 2022-04-21 | 44,670,114 | 2,413,788 | 221,913 | 94.43% | Passed |
| 2019 | 2019-04-24 | 46,968,984 | 1,160,563 | 1,683,349 | 97.59% | 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 | 2026-04-17 | 96.85%a |
| 2025 | 2025-04-24 | 97.26%b |
| 2024 | 2024-04-19 | 96.97%c |
a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" the proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" the 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.
CEO pay ratio
| Ratio (CEO : median employee) | 148 : 1 |
|---|---|
| CEO total compensation | $8,394,536 |
| Median employee compensation | $56,679 |
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 |
|---|---|---|---|---|---|---|---|---|
| Brian D. Chambers | Director | 2026-04-17 | A | 688 | $0 | $0 | Common | Form 4 ↗ |
| N. Joy Falotico | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Bonnie J. Fetch | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Patrick P. Goris | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Michael F. Hilton | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Purushotam Patel Benny | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Curtis E. Espeland | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Marc A. Howze | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Kathryn Jo Lincoln | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Gregory Doria | EVP, Pres International | 2026-05-01 | D | 44 | 266 | 11,715 | Common | Form 4 ↗ |
| Michael Whitehead | EVP, President, Americas WELD | 2026-06-16 | D | 845 | 275 | 232,214 | Common | Form 4 ↗ |
| Kevin J. Whaley | EVP, Pres, Global Automation | 2026-07-23 | D | 216 | 250 | 54,082 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-08-21 | D | 409 | 282 | 115,264 | Common | Form 4 ↗ |
| Gabriel Bruno | EVP, CFO & Treasurer | 2026-10-17 | D | 257 | 262 | 67,360 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | D | 13,921 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2026-10-30 | — | 450 | — | — | 1 insider, 1 accrual row | ||
| Steven B. Hedlund | Director | 2026-10-30 | D | 14,371 | 282 | 4,051,853 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | A | 13,921 | 114 | 1,590,753 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | A | 450 | 90 | 40,334 | 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.
View all 19 transactions
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Brian D. Chambers | Director | 2026-04-17 | A | 688 | $0 | $0 | Common | Form 4 ↗ |
| N. Joy Falotico | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Bonnie J. Fetch | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Patrick P. Goris | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Michael F. Hilton | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Purushotam Patel Benny | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Curtis E. Espeland | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Marc A. Howze | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Kathryn Jo Lincoln | Director | 2026-04-17 | A | 688 | 0 | 0 | Common | Form 4 ↗ |
| Gregory Doria | EVP, Pres International | 2026-05-01 | D | 44 | 266 | 11,715 | Common | Form 4 ↗ |
| Michael Whitehead | EVP, President, Americas WELD | 2026-06-16 | D | 845 | 275 | 232,214 | Common | Form 4 ↗ |
| Kevin J. Whaley | EVP, Pres, Global Automation | 2026-07-23 | D | 216 | 250 | 54,082 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-08-21 | D | 409 | 282 | 115,264 | Common | Form 4 ↗ |
| Gabriel Bruno | EVP, CFO & Treasurer | 2026-10-17 | D | 257 | 262 | 67,360 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | D | 13,921 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | D | 450 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | D | 14,371 | 282 | 4,051,853 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | A | 13,921 | 114 | 1,590,753 | Common | Form 4 ↗ |
| Steven B. Hedlund | Director | 2026-10-30 | A | 450 | 90 | 40,334 | Common | Form 4 ↗ |
Sources (102 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, Steven Hedlund. DEF 14A, filed 2026-03-19. Section “Executive Compensation Tables” · page 72. As printed: 8,394,536. View filing ↗
- Section 01, Christopher Mapes. DEF 14A, filed 2026-03-19. Section “Executive Compensation”. As printed: 7,126,026. View filing ↗
- Section 01, Gabriel Bruno. DEF 14A, filed 2026-03-19. Section “Executive Compensation Tables” · page 71. As printed: 2,910,855. View filing ↗
- Section 01, Jennifer Ansberry. DEF 14A, filed 2026-03-19. Section “Executive Compensation Tables” · page 71. As printed: 1,924,695. View filing ↗
- Section 01, Michael Whitehead. DEF 14A, filed 2026-03-19. Section “Executive Compensation Tables” · page 71. As printed: 1,624,229. View filing ↗
- Section 01, Susan Edwards. DEF 14A, filed 2026-03-19. Section “Executive Compensation Tables” · page 71. As printed: 1,589,361. View filing ↗
- Section 01, Michele Kuhrt. DEF 14A, filed 2026-03-19. Section “Executive Compensation”. As printed: 1,472,933. View filing ↗
- Section 03, Michele Kuhrt OPTION. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Steven Hedlund RSU. DEF 14A, filed 2025-03-20. Section “2024 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Hedlund RSU. DEF 14A, filed 2025-03-20. Section “2024 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Gabriel Bruno RSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jennifer Ansberry OPTION. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michele Kuhrt RSU. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Steven Hedlund PSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Michele Kuhrt PSU. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Michael Whitehead RSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Gabriel Bruno RSU. DEF 14A, filed 2025-03-20. Section “2024 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Jennifer Ansberry RSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Gabriel Bruno PSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jennifer Ansberry PSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Susan Edwards RSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Hedlund RSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Mapes PSU. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Christopher Mapes RSU. DEF 14A, filed 2025-03-20. Section “2024 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Hedlund RSU. DEF 14A, filed 2025-03-20. Section “2024 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Whitehead OPTION. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Susan Edwards OPTION. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Steven Hedlund OPTION. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Gabriel Bruno OPTION. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Mapes OPTION. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Christopher Mapes RSU. DEF 14A. Section “Executive Compensation” · grants of plan-based awards table.
- Section 03, Michael Whitehead PSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Susan Edwards PSU. DEF 14A, filed 2026-03-19. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-19. Section “CEO Pay Ratio”. As printed: 148 : 1. View filing ↗
- Section 08, N. Joy Falotico. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 270,380. View filing ↗
- Section 08, Curtis E. Espeland. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 193,520. View filing ↗
- Section 08, Patrick P. Goris. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 189,870. View filing ↗
- Section 08, Michael F. Hilton. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 178,602. View filing ↗
- Section 08, Phillip J. Mason. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 178,520. View filing ↗
- Section 08, Marc A. Howze. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 168,520. View filing ↗
- Section 08, Ben P. Patel. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 158,606. View filing ↗
- Section 08, Kathryn Jo Lincoln. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 158,606. View filing ↗
- Section 08, Brian D. Chambers. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 158,539. View filing ↗
- Section 08, Bonnie J. Fetch. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 158,526. View filing ↗
- Section 08, Kellye L. Walker. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 40,022. View filing ↗
- Section 08, Steven B. Hedlund. DEF 14A, filed 2026-03-19. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Brian D. Chambers 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, N. Joy Falotico 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Bonnie J. Fetch 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Patrick P. Goris 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael F. Hilton 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Purushotam Patel Benny 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Curtis E. Espeland 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Marc A. Howze 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kathryn Jo Lincoln 2026-04-17. Form 4, filed 2026-04-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gregory Doria 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michael Whitehead 2026-06-16. Form 4, filed 2026-06-18. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kevin J. Whaley 2026-07-23. Form 4, filed 2026-07-27. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-08-21. Form 4, filed 2026-08-24. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gabriel Bruno 2026-10-17. Form 4, filed 2026-10-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Steven B. Hedlund 2026-10-30. Form 4, filed 2026-11-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-04-21. Item 5.07 · say-on-pay result. As reported: 96.85% (votes for as printed: 40,053,258). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-04-28. Item 5.07 · say-on-pay result. As reported: 97.26% (votes for as printed: 41,890,900). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-04-23. Item 5.07 · say-on-pay result. As reported: 96.97% (votes for as printed: 43,664,245). 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 1,092,083 + equity 759,990 + all other 0 = 1,852,073, summed across the director compensation table rows.
- Dover Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Dover Corporation's own proxy. As printed: 18,757,706. View filing ↗
- Ametek Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Ametek Inc.'s own proxy. As printed: 16,462,630. View filing ↗
- Ingersoll Rand Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Ingersoll Rand Inc.'s own proxy. As printed: 16,197,391. View filing ↗
- ITT Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in ITT Inc.'s own proxy. As printed: 15,104,378. View filing ↗
- The Timken Company, Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in The Timken Company's own proxy. As printed: 15,045,651. View filing ↗
- Fortive Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Fortive Corporation's own proxy. As printed: 14,405,012. View filing ↗
- Regal Rexnord Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Regal Rexnord Corporation's own proxy. As printed: 11,468,817. View filing ↗
- Carlisle Companies Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Carlisle Companies Inc.'s own proxy. As printed: 11,359,438. View filing ↗
- Xylem Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Xylem Corporation's own proxy. As printed: 11,286,806. View filing ↗
- Flowserve Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Flowserve Corporation's own proxy. As printed: 10,914,232. View filing ↗
- Crane Co., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Crane Co.'s own proxy. As printed: 10,518,852. View filing ↗
- Woodward Inc., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Woodward Inc.'s own proxy. As printed: 10,482,876. View filing ↗
- Snap-On, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Snap-On, Inc.'s own proxy. As printed: 10,138,217. View filing ↗
- Esab Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Esab Corporation's own proxy. As printed: 9,695,542. View filing ↗
- Graco Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Graco Inc.'s own proxy. As printed: 9,491,330. View filing ↗
- Idex Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Idex Corporation's own proxy. As printed: 9,112,893. View filing ↗
- The Toro Company, Section 10b CEO total. DEF 14A, filed 2026-02-03. CEO total compensation as printed in The Toro Company's own proxy. As printed: 8,436,478. View filing ↗
- Lincoln Electric Holdings Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Lincoln Electric Holdings Inc's own proxy. As printed: 8,394,536. View filing ↗
- Nordson Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-16. CEO total compensation as printed in Nordson Corporation's own proxy. As printed: 8,153,900. View filing ↗
- Kennametal Inc., Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in Kennametal Inc.'s own proxy. As printed: 7,356,246. View filing ↗
- Terex Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Terex Corporation's own proxy. As printed: 7,294,990. View filing ↗
- Donaldson Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-06. CEO total compensation as printed in Donaldson Company, Inc.'s own proxy. As printed: 5,195,987. View filing ↗
- Section 10a, IDEX Corporation reciprocity. DEF 14A. IDEX Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, ITT Inc. reciprocity. DEF 14A. ITT Inc. names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, ESAB Corporation reciprocity. DEF 14A. ESAB Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Flowserve Corporation reciprocity. DEF 14A. Flowserve Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Nordson Corporation reciprocity. DEF 14A. Nordson Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Snap-On, Inc. reciprocity. DEF 14A. Snap-On, Inc. names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Xylem Corporation reciprocity. DEF 14A. Xylem Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Terex Corporation reciprocity. DEF 14A. Terex Corporation names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Donaldson Company, Inc. reciprocity. DEF 14A. Donaldson Company, Inc. names Lincoln Electric Holdings Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗