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

NPK International (NPKI)

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.

$8,196,160
Matthew Lanigan total, FY2025
99th
CEO pay percentile vs peers
98:1
CEO-to-median pay ratio
95.76%
Say-on-pay support, latest vote
Companies that benchmark against NPKI
3 companies name NPKI as a compensation peer

Each company listed discloses NPKI 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 NPKI 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
Matthew Lanigan$754,000$0$4,058,537$0$3,339,632$0$43,991$8,196,160
President and Chief Executive Officer
Gregg Piontek455,80001,635,61301,403,911039,2863,534,610
Senior Vice President and Chief Financial Officer
Lori Briggs390,0000986,0130948,402037,3312,361,746
Executive Vice President, Business Operations
M. Celeste Frugé365,0790759,2180389,940035,1811,549,418
Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary
Douglas White316,6080252,6550193,239031,534794,036
Former Vice President, Chief Accounting Officer and Treasurer

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
Matthew Lanigan$8,196,160$3,363,323$2,976,427+4,832,837
Gregg Piontek3,534,6102,193,1432,160,605+1,341,467
Lori Briggs2,361,746969,8271,001,567+1,391,919
M. Celeste Frugé1,549,418796,658745,822+752,760
Douglas White794,036785,176+8,860

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
M. Celeste FrugéRSU2025-05-1439,783$423,052
Lori BriggsRSU2025-05-1451,667436,586
Lori BriggsRSU2025-05-1451,667549,427
M. Celeste FrugéRSU2025-05-1439,783336,166
Matthew LaniganRSU2025-05-14212,6671,797,036
Matthew LaniganRSU2025-05-14212,6672,261,501
Gregg PiontekRSU2025-05-1485,706724,216
Gregg PiontekRSU2025-05-1485,706911,397
Douglas WhiteRSU2025-05-1529,900252,655
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
M. Celeste Frugé$759,218$0$00.0%
Lori Briggs986,013000.0%
Matthew Lanigan4,058,537000.0%
Gregg Piontek1,635,613000.0%
Douglas White252,655000.0%

% 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
Gregg PiontekRSU171,412$2,043,232
Matthew LaniganRSU425,3345,069,982
Matthew LaniganRSU212,6672,534,991
Matthew LaniganRSU112,9971,346,924
Lori BriggsRSU103,3341,231,742
Matthew LaniganRSU100,1881,194,241
Gregg PiontekRSU85,7061,021,616
M. Celeste FrugéRSU79,566948,426
Lori BriggsRSU51,667615,871
Lori BriggsRSU27,452327,228
Gregg PiontekRSU45,538542,813
Gregg PiontekRSU40,379481,318
M. Celeste FrugéRSU39,783474,213
Douglas WhiteRSU29,900356,408
Lori BriggsRSU24,340290,133
M. Celeste FrugéRSU19,482232,225
M. Celeste FrugéRSU17,274205,906
Douglas WhiteRSU15,866189,123
Douglas WhiteRSU14,666174,819
Gregg PiontekOption73,5904.32
M. Celeste FrugéOption12,1934.32
Douglas WhiteOption17,8624.32
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to maintain market competitiveness, pay for performance by making a significant portion of compensation variable and tied to measurable short- and long-term goals, drive stockholder alignment through equity-based incentives, and encourage good governance by assessing compensation-related risks.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2067,786,6453,004,51060,61495.76%Passed
20252025-05-1568,773,2853,802,59253,07394.76%Passed
20242024-05-1660,933,9475,917,17150,77991.15%Passed
20232023-05-1862,733,855447,79788,55399.29%Passed
20222022-05-1964,946,3894,288,413164,32393.81%Passed
20212021-05-2058,842,0212,234,53374,91596.34%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
20262026-05-2095.76%a
20252025-05-1594.76%b
20242024-05-1691.15%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)98 : 1
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rose M. RobesonIndependent · Board Chair$130,000$155,002$0$285,002
Claudia M. MeerIndependent · Audit (Chair) · Compensation · NCG100,000125,0030225,003
Michael A. LewisIndependent · Audit · Compensation · NCG (Chair)93,750125,0030218,753
Roderick A. LarsonIndependent · Audit · Compensation (Chair) · NCG90,133125,0030215,136
Joseph A. CutilloIndependent · Audit · Compensation · NCG84,719125,0030209,722
John C. MingéIndependent · Audit · Compensation · NCG80,000125,0030205,003
Donald W. YoungIndependent · Departed during FY48,250032,87881,128
Matthew S. LaniganEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$125,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 16,500 / 13,750
Stock ownership guideline$400,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$626,852
Equity awards (grant-date value)$780,017
All other compensation$32,878
Total cost of the board$1,439,747

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 NPK International 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 NPK International.

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
1NPK International2025Matthew Lanigan$754,000$4,058,537$0$3,339,632$8,196,160
2DNOW, Inc.2025David Cherechinsky999,1734,555,0711,550,5487,118,605
3Enerpac Tool Group Corp.2025Paul Sternlieb929,4234,520,6340951,3326,548,272
4Standex International Corporation2026David Dunbar936,4364,135,8190560,4576,407,973
5H&E Equipment Services, Inc.2023Bradley W. Barber907,6923,599,92406,295,836
6Columbus McKinnon Corporation2026David Wilson925,0003,111,978925,000925,0005,971,066
7Transcat, Inc.2026Lee Rudow737,0004,613,9320494,1155,862,200
8Global Industrial Company2025Anesa Chaibi826,9231,500,023254,3111,255,0004,413,641
9Civeo Corporation2025Bradley Dodson750,0002,569,4850435,3753,775,348
10Insteel Industries, Inc.2025H.o. Woltz III750,000562,506562,4891,500,0003,447,259
11Ameresco, Inc.2025George Sakellaris1,500,000155,1001,385,99903,339,804
12Matrix Service Company2025John Hewitt800,0002,236,270003,069,459
13Limbach Holdings, Inc.2025Michael McCann800,0001,192,1500741,3062,759,456
14Concrete Pumping Holdings, Inc.2025Bruce Young623,145765,3740301,0001,722,587
Custom Truck One Source, Inc.not in coverage universe
Argan, Inc.not in coverage universe
Myers Industries, Inc.not in coverage universe
Great Lakes Dredge & Dock Corporationnot 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
NPK Internationalnot disclosedRSU 50 · PRSU 50not disclosedZayla Partners, LLC
Ameresco, Inc.95%not disclosedNoFW Cook
Argan, Inc.not disclosednot disclosednot disclosednot disclosed
Civeo Corporationnot disclosednot disclosednot disclosednot disclosed
Columbus McKinnon Corporation100%PSU 50 · RSU 25 · Options 25NoMeridian Compensation Partners
Concrete Pumping Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Custom Truck One Source, Inc.not disclosednot disclosednot disclosednot disclosed
DNOW, Inc.not disclosedRSU 50 · PSU 50not disclosedZayla Partners
Enerpac Tool Group Corp.100.7%PSU 60 · RSU 40NoMercer, LLC
Global Industrial Companynot disclosednot disclosednot disclosednot disclosed
Great Lakes Dredge & Dock Corporationnot disclosednot disclosednot disclosednot disclosed
H&E Equipment Services, Inc.not disclosednot disclosednot disclosednot disclosed
Insteel Industries, Inc.200%RSU 50 · Options 50not disclosedPearl Meyer & Partners, LLC
Limbach Holdings, Inc.not disclosedPRSU 67 · RSU 33not disclosedCAP
Matrix Service Companynot disclosedPSU 60 · RSU 40NoMeridian Compensation Partners
Myers Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Standex International Corporationnot disclosedRSU 50 · PSU 50not disclosedMeridian Compensation Partners, LLC
Transcat, Inc.67%PSU 50 · RSU 50NoFrederic W. Cook & Company, Inc.

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, Matthew LaniganDEF 14A2026-04-090000071829-26-000017Section “Summary Compensation Table” · page 31. As printed: 8,196,160. Filing ↗machine: span 593230–593239
2Section 01, Gregg PiontekDEF 14A2026-04-090000071829-26-000017Section “Summary Compensation Table” · page 31. As printed: 3,534,610. Filing ↗machine: span 605981–605990
3Section 01, Lori BriggsDEF 14A2026-04-090000071829-26-000017Section “Summary Compensation Table” · page 31. As printed: 2,361,746. Filing ↗machine: span 618216–618225
4Section 01, M. Celeste FrugéDEF 14A2026-04-090000071829-26-000017Section “Summary Compensation Table” · page 31. As printed: 1,549,418. Filing ↗machine: span 630990–630999
5Section 01, Douglas WhiteDEF 14A2026-04-090000071829-26-000017Section “Summary Compensation Table” · page 31. As printed: 794,036. Filing ↗machine: span 643445–643452
6Section 03, M. Celeste Frugé RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 751785–751792
7Section 03, Lori Briggs RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 739153–739160
8Section 03, Lori Briggs RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 742292–742299
9Section 03, M. Celeste Frugé RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 748996–749003
10Section 03, Matthew Lanigan RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 720308–720317
11Section 03, Matthew Lanigan RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 723450–723459
12Section 03, Gregg Piontek RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 729545–729552
13Section 03, Gregg Piontek RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 732334–732341
14Section 03, Douglas White RSUDEF 14A2026-04-090000071829-26-000017Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 759053–759060
15Section 07, pay ratioDEF 14A2026-04-090000071829-26-000017Section “CEO Pay Ratio”. As printed: 98 : 1. Filing ↗machine: span 1028181–1028183
16Section 08, Rose M. RobesonDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 285,002. Filing ↗machine: span 1184821–1184828
17Section 08, Claudia M. MeerDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 225,003. Filing ↗machine: span 1178877–1178884
18Section 08, Michael A. LewisDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 218,753. Filing ↗machine: span 1175906–1175913
19Section 08, Roderick A. LarsonDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 215,136. Filing ↗machine: span 1172935–1172942
20Section 08, Joseph A. CutilloDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 209,722. Filing ↗machine: span 1169962–1169969
21Section 08, John C. MingéDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 205,003. Filing ↗machine: span 1181850–1181857
22Section 08, Donald W. YoungDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 81,128. Filing ↗machine: span 1188359–1188365
23Section 08, Matthew S. LaniganDEF 14A2026-04-090000071829-26-000017Section “Director Compensation”. As printed: 0. Filing ↗
24Section 06, 2026 voteForm 8-K2026-05-200000071829-26-000032Item 5.07 · say-on-pay result. As reported: 95.76% (votes for as printed: 67,786,645). Filing ↗
25Section 06, 2025 voteForm 8-K2025-05-150000071829-25-000052Item 5.07 · say-on-pay result. As reported: 94.76% (votes for as printed: 68,773,285). Filing ↗
26Section 06, 2024 voteForm 8-K2024-05-200000071829-24-000058Item 5.07 · say-on-pay result. As reported: 91.15% (votes for as printed: 60,933,947). Filing ↗
27Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
28Section 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
29Section 09b board cost (computed)ComputedcomputedCash 626,852 + equity 780,017 + all other 32,878 = 1,439,747, summed across the director compensation table rows.machine: formula: Σ = 1,439,747
30NPK International (subject), Section 10b CEO totalDEF 14A2026-04-090000071829-26-000017CEO total compensation as printed in NPK International's own proxy. As printed: 8,196,160. Filing ↗machine: span 593230–593239
31DNOW, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148976CEO total compensation as printed in DNOW, Inc.'s own proxy. As printed: 7,118,605. Filing ↗
32Enerpac Tool Group Corp., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046276CEO total compensation as printed in Enerpac Tool Group Corp.'s own proxy. As printed: 6,548,272. Filing ↗machine: t136 · r2 · c24 · span 758100–758109
33Standex International Corporation, Section 10b CEO totalDEF 14A2026-09-040001437749-26-029660CEO total compensation as printed in Standex International Corporation's own proxy. As printed: 6,407,973. Filing ↗machine: r1 · c28 · span 1051988–1051997
34H&E Equipment Services, Inc., Section 10b CEO totalDEF 14A2024-04-020000950170-24-039778CEO total compensation as printed in H&E Equipment Services, Inc.'s own proxy. As printed: 6,295,836. Filing ↗machine: r5 · c25 · span 671019–671028
35Columbus McKinnon Corporation, Section 10b CEO totalDEF 14A2026-06-260001005229-26-000032CEO total compensation as printed in Columbus McKinnon Corporation's own proxy. As printed: 5,971,066. Filing ↗machine: r4 · c24 · span 1007169–1007178
36Transcat, Inc., Section 10b CEO totalDEF 14A2026-07-230001140361-26-029371CEO total compensation as printed in Transcat, Inc.'s own proxy. As printed: 5,862,200. Filing ↗machine: r2 · c18 · span 633269–633278
37Global Industrial Company, Section 10b CEO totalDEF 14A2026-04-220001628280-26-026622CEO total compensation as printed in Global Industrial Company's own proxy. As printed: 4,413,641. Filing ↗machine: r2 · c24 · span 599758–599767
38Civeo Corporation, Section 10b CEO totalDEF 14A2026-04-130001590584-26-000035CEO total compensation as printed in Civeo Corporation's own proxy. As printed: 3,775,348. Filing ↗machine: r2 · c39 · span 776424–776433
39Insteel Industries, Inc., Section 10b CEO totalDEF 14A2026-01-020001308179-26-000001CEO total compensation as printed in Insteel Industries, Inc.'s own proxy. As printed: 3,447,259. Filing ↗machine: t164 · r1 · c8 · span 469403–469412
40Ameresco, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026695CEO total compensation as printed in Ameresco, Inc.'s own proxy. As printed: 3,339,804. Filing ↗machine: r2 · c39 · span 713614–713623
41Matrix Service Company, Section 10b CEO totalDEF 14A2025-09-240001140361-25-036001CEO total compensation as printed in Matrix Service Company's own proxy. As printed: 3,069,459. Filing ↗machine: r2 · c21 · span 521326–521335
42Limbach Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-230001628280-26-026892CEO total compensation as printed in Limbach Holdings, Inc.'s own proxy. As printed: 2,759,456. Filing ↗machine: span 551364–551373
43Concrete Pumping Holdings, Inc., Section 10b CEO totalDEF 14A2026-02-250001437749-26-005632CEO total compensation as printed in Concrete Pumping Holdings, Inc.'s own proxy. As printed: 1,722,587. Filing ↗machine: span 261629–261638
44Section 10a, Insteel Industries, Inc. reciprocityDEF 14A0001308179-26-000001Insteel Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
45Section 10a, Civeo Corporation reciprocityDEF 14A0001590584-26-000035Civeo Corporation names NPK International in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Ameresco, Inc. reciprocityDEF 14A0001628280-26-026695Ameresco, Inc.'s most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
47Section 10a, Transcat, Inc. reciprocityDEF 14A0001140361-26-029371Transcat, Inc.'s most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
48Section 10a, DNOW, Inc. reciprocityDEF 14A0001193125-26-148976DNOW, Inc.'s most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
49Section 10a, Matrix Service Company reciprocityDEF 14A0001140361-25-036001Matrix Service Company's most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
50Section 10a, Limbach Holdings, Inc. reciprocityDEF 14A0001628280-26-026892Limbach Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
51Section 10a, Columbus McKinnon Corporation reciprocityDEF 14A0001005229-26-000032Columbus McKinnon Corporation's most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
52Section 10a, Standex International Corporation reciprocityDEF 14A0001437749-26-029660Standex International Corporation's most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗
53Section 10a, Global Industrial Company reciprocityDEF 14A0001628280-26-026622Global Industrial Company's most recent proxy was read; its disclosed peer group does not include NPK International. Filing ↗