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Companies Patrick Industries Inc

Patrick Industries (PATK): executive pay, fiscal 2025

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CEO total pay$10,140,372CEO Andy Nemeth · source
Say-on-pay support97.34%Latest vote · source
CEO vs. named peers69th pct.Of 14 peer CEOs
CEO pay ratio170:1To the median employee · source

CEO pay, last three years

  • $6,748,551FY2023
  • $6,400,374FY2024
  • $10,140,372FY2025

CEO total pay was $10,140,372 in fiscal 2025, up from $6,400,374 in fiscal 2024.

FY2025: salary $856,923 · bonus $0 · stock awards $3,900,022 · option awards $3,836,693

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Patrick Industries Inc in fiscal 2025?
As disclosed, Andy Nemeth (Chief Executive Officer) was the highest-paid executive at Patrick Industries Inc in fiscal 2025, with total compensation of $10,140,372.
How does Patrick Industries Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Andy Nemeth's total compensation ranked at the 69th percentile of Patrick Industries Inc's disclosed peer group.
What is Patrick Industries Inc's CEO-to-median employee pay ratio?
As disclosed, Patrick Industries Inc's CEO-to-median employee pay ratio was 170:1.
How did shareholders vote on Patrick Industries Inc's executive compensation?
As disclosed, 97.34% of shareholders supported Patrick Industries Inc's executive compensation in the latest say-on-pay vote.
How much does Patrick Industries Inc spend in total on board compensation for fiscal 2025?
As disclosed, Patrick Industries Inc reported total board compensation of $2,087,232 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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andy Nemeth$856,923$0$3,900,022$3,836,693$1,441,620$75,594$29,520$10,140,372
Chief Executive Officer
Jeffrey Rodino608,46201,550,0811,918,346790,000012,5204,879,409
President
Hugo Gonzalez496,53901,000,0401,343,017788,310026,5053,654,411
President - Powersports & Housing, Chief Operating Officer
Andrew Roeder505,7700750,030306,996570,750036,0002,169,546
Executive Vice President - Finance, Chief Financial Officer and Treasurer
Joel Duthie525,3850675,046191,926440,495026,5201,859,372
Executive Vice President, Chief Legal Officer and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Andy Nemeth$10,140,372$6,400,374$6,748,551↑ +3,739,998
Jeffrey Rodino4,879,4093,189,4953,288,950↑ +1,689,914
Hugo Gonzalez3,654,4112,346,398—↑ +1,308,013
Andrew Roeder2,169,5463,381,365—↓ −1,211,819
Joel Duthie1,859,372—1,648,473—

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

The Company utilizes a 'pay-for-differentiated performance' compensation philosophy designed to align the interests of senior management with shareholders and reward the achievement of established key financial metrics.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Joel DuthieSAR1,05592.72—
Joel DuthieSAR1,055110.76—
Joel DuthieSAR1,055132.31—
Joel DuthieSAR1,055158.05—
Joel DuthieRSU1,406—152,453
Hugo GonzalezRSU1,500—162,645
Andrew RoederRSU1,562—169,368
Andrew RoederSAR1,687110.76—
Andrew RoederSAR1,687158.05—
Andrew RoederSAR1,68892.72—
Andrew RoederSAR1,688132.31—
Joel DuthieRSU2,052—222,498
Hugo GonzalezRSU2,083—225,860
Joel DuthieRSU2,207—239,305
Hugo GonzalezRSU2,843—308,266
Jeffrey RodinoRSU3,229—350,120
Joel DuthieSAR4,22092.72—
Hugo GonzalezPSU4,650—504,200
Jeffrey RodinoRSU4,658—505,067
Jeffrey RodinoRSU5,625—609,919
Joel DuthiePSU5,625—609,919
Andrew RoederPSU6,250—677,688
Andrew RoederPSU6,339—687,338
Andrew RoederSAR6,75092.72—
Joel DuthiePSU6,838—741,444
Hugo GonzalezSAR7,38292.72—
Hugo GonzalezSAR7,382132.31—
Hugo GonzalezSAR7,383110.76—
Hugo GonzalezSAR7,383158.05—
Andy NemethRSU8,124—880,885
Joel DuthiePSU8,211—890,319
Hugo GonzalezPSU8,333—903,547
Jeffrey RodinoSAR10,54592.72—
Jeffrey RodinoSAR10,545110.76—
Jeffrey RodinoSAR10,545132.31—
Jeffrey RodinoSAR10,545158.05—
Andy NemethRSU10,737—1,164,213
Hugo GonzalezPSU11,369—1,232,741
Jeffrey RodinoPSU12,916—1,400,482
Andy NemethRSU13,236—1,435,179
Andrew RoederRSU16,586—1,798,420
Jeffrey RodinoPSU17,438—1,890,802
Jeffrey RodinoPSU18,632—2,020,268
Andy NemethSAR21,09092.72—
Andy NemethSAR21,090110.76—
Andy NemethSAR21,090132.31—
Andy NemethSAR21,090158.05—
Hugo GonzalezSAR29,53092.72—
Andy NemethPSU32,497—3,523,650
Andy NemethPSU41,029—4,448,774
Jeffrey RodinoSAR42,18092.72—
Andy NemethPSU42,948—4,656,852
Andy NemethSAR84,36092.72—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John A. ForbesIndependent · Compensation$120,000$150,041——$2,938$272,979
Michael A. KitsonIndependent · Audit (Chair) · Compensation115,000150,041——2,938267,979
Joseph M. CerulliIndependent · Audit110,000150,041——2,938262,979
Denis G. SuggsIndependent · Compensation (Chair) · Corporate Governance and Nominations110,000150,041——2,938262,979
Todd M. ClevelandNot independent95,000150,041——2,938247,979
M. Scott WelchIndependent · Audit95,000150,041——2,938247,979
Natalie A. BrownIndependent · Audit · Corporate Governance and Nominations64,200150,041——2,191216,432
Blake W. AugsburgerIndependent · Audit · Compensation64,200150,041——2,191216,432
Derrick B. MayesNot independent · Not standing for re-election45,0000——74745,747
Pamela R. KlynNot independent · Not standing for re-election45,0000——74745,747
Andy L. NemethEmployee director · Board Chair—————0

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 15,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$863,400
Equity awards (grant-date value)$1,200,328
All other compensation$23,504
Total cost of the board$2,087,232

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

Peer group, and who names Patrick Industries as a peer

Companies that benchmark against PATK

17 companies name PATK as a compensation peer

Each company listed discloses PATK 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 PATK in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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.

Peer reciprocity

Of the companies Patrick Industries 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.

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 Patrick Industries Inc.

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
1Thor Industries, Inc.2025Robert Martin$750,000$7,149,005$0$6,692,530$14,613,718
2Brunswick Corporation2025David Foulkes1,250,5779,750,02601,876,00013,020,607
3Polaris, Inc.2025Michael Speetzen1,216,5623,292,7843,661,0112,719,74711,144,637
4Modine Manufacturing Company2026Neil Brinker1,186,3466,120,022—2,793,08110,159,548
5Patrick Industries Inc2025Andy Nemeth856,9233,900,0223,836,6931,441,62010,140,372
6LCI Industries, Inc.2025Jason Lippert1,195,0006,221,62102,345,83810,093,861
7Winnebago Industries, Inc.2025Michael Happe1,150,0006,185,000915,006704,0008,999,898
8Cavco Industries, Inc.2026Bill Boor1,100,0004,729,90702,120,9157,958,712
9EnPro Industries, Inc.2025Eric Vaillancourt934,6163,678,2311,390,7161,341,9497,457,747
10Apogee Enterprises, Inc.2026Ty Silberhorn627,3082,283,41901,208,5006,075,286
11Wabash National Corporation2025Brent Yeagy1,116,9234,315,5890205,8275,717,526
12American Woodmark Corporation2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
13Mueller Industries, Inc.2025William Miller II827,4242,556,84001,304,6584,748,987
14Hyster-Yale Materials Handling, Inc.2025Rajiv Prasad1,163,4051,293,29101,546,0194,399,954
—UFP Industries, 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Patrick Industries Incnot disclosedPRSU 80 · RSU 20not disclosedWillis Towers Watson
American Woodmark Corporation60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Apogee Enterprises, Inc.not disclosedRSU 50 · PSU 50NoMeridian Compensation Partners, LLC (current); Willis Towers Watson (through September 2025)
Brunswick Corporationnot disclosednot disclosednot disclosedFW Cook
Cavco Industries, Inc.not disclosednot disclosedNoPearl Meyer Partners, LLC
EnPro Industries, Inc.130.5%RSU 40 · PSU 30 · Options 30Yes — rTSRPearl Meyer & Partners, LLC
Hyster-Yale Materials Handling, Inc.not disclosedRestricted Stock 65 · Cash 35not disclosedKorn Ferry
LCI Industries, Inc.not disclosednot disclosednot disclosedWillis Towers Watson
Modine Manufacturing Companynot disclosedPSU 80 · RSU 20not disclosedMeridian Compensation Partners LLC
Mueller Industries, Inc.not disclosedRSU 100not disclosedAlvarez & Marsal Tax, LLC
Polaris, Inc.not disclosedOption 50 · RSU 50not disclosedAon
Thor Industries, Inc.not disclosedRSU 50 · PSU 50not disclosedWTW
UFP Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Wabash National Corporationnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Winnebago Industries, Inc.not disclosedPSU 50 · RSU 35 · Option 15not disclosedSemler Brossy

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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1429,250,416798,09439,69297.34%Passed
20252025-05-1529,354,5841,019,65377,56796.64%Passed
20242024-05-1618,846,8091,045,74329,63794.74%Passed
20232023-05-2518,773,782890,40254,59095.47%Passed
20222022-05-1216,837,0483,016,46936,45584.81%Passed
20212021-05-1314,677,1086,268,42786,25970.07%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
20262026-05-1497.34%a
20252025-05-1596.64%b
20242024-05-1694.74%c

a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on these proposals.”.

b. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on these proposals.”.

c. Approved under the standard stated in the filing — “Broker non-votes and abstentions will have no effect on these proposals.”.

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)170 : 1
CEO total compensation$7,810,461
Median employee compensation$45,964
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (49 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, Andy Nemeth. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 32. As printed: 10,140,372. View filing ↗
  • Section 01, Jeffrey Rodino. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 32. As printed: 4,879,409. View filing ↗
  • Section 01, Hugo Gonzalez. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 32. As printed: 3,654,411. View filing ↗
  • Section 01, Andrew Roeder. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 32. As printed: 2,169,546. View filing ↗
  • Section 01, Joel Duthie. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 32. As printed: 1,859,372. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2023-04-10. Section “CEO Pay Ratio”. As printed: 170 : 1. View filing ↗
  • Section 08, John A. Forbes. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 272,979. View filing ↗
  • Section 08, Michael A. Kitson. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 267,979. View filing ↗
  • Section 08, Joseph M. Cerulli. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 262,979. View filing ↗
  • Section 08, Denis G. Suggs. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 262,979. View filing ↗
  • Section 08, Todd M. Cleveland. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 247,979. View filing ↗
  • Section 08, M. Scott Welch. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 247,979. View filing ↗
  • Section 08, Natalie A. Brown. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 216,432. View filing ↗
  • Section 08, Blake W. Augsburger. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 216,432. View filing ↗
  • Section 08, Derrick B. Mayes. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 45,747. View filing ↗
  • Section 08, Pamela R. Klyn. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 45,747. View filing ↗
  • Section 08, Andy L. Nemeth. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-18. Item 5.07 · say-on-pay result. As reported: 97.34% (votes for as printed: 29,250,416). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 96.64% (votes for as printed: 29,354,584). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-20. Item 5.07 · say-on-pay result. As reported: 94.74% (votes for as printed: 18,846,809). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 863,400 + equity 1,200,328 + all other 23,504 = 2,087,232, summed across the director compensation table rows.
  • Thor Industries, Inc., Section 10b CEO total. DEF 14A, filed 2025-11-03. CEO total compensation as printed in Thor Industries, Inc.'s own proxy. As printed: 14,613,718. View filing ↗
  • Brunswick Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Brunswick Corporation's own proxy. As printed: 13,020,607. View filing ↗
  • Polaris, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Polaris, Inc.'s own proxy. As printed: 11,144,637. View filing ↗
  • Modine Manufacturing Company, Section 10b CEO total. DEF 14A, filed 2026-07-10. CEO total compensation as printed in Modine Manufacturing Company's own proxy. As printed: 10,159,548. View filing ↗
  • Patrick Industries Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Patrick Industries Inc's own proxy. As printed: 10,140,372. View filing ↗
  • LCI Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in LCI Industries, Inc.'s own proxy. As printed: 10,093,861. View filing ↗
  • Winnebago Industries, Inc., Section 10b CEO total. DEF 14A, filed 2025-11-04. CEO total compensation as printed in Winnebago Industries, Inc.'s own proxy. As printed: 8,999,898. View filing ↗
  • Cavco Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in Cavco Industries, Inc.'s own proxy. As printed: 7,958,712. View filing ↗
  • EnPro Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in EnPro Industries, Inc.'s own proxy. As printed: 7,457,747. View filing ↗
  • Apogee Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-12. CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. View filing ↗
  • Wabash National Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Wabash National Corporation's own proxy. As printed: 5,717,526. View filing ↗
  • American Woodmark Corporation, Section 10b CEO total. DEF 14A, filed 2025-06-25. CEO total compensation as printed in American Woodmark Corporation's own proxy. As printed: 4,886,047. View filing ↗
  • Mueller Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Mueller Industries, Inc.'s own proxy. As printed: 4,748,987. View filing ↗
  • Hyster-Yale Materials Handling, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Hyster-Yale Materials Handling, Inc.'s own proxy. As printed: 4,399,954. View filing ↗
  • Section 10a, Cavco Industries, Inc. reciprocity. DEF 14A. Cavco Industries, Inc. names Patrick Industries Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Mueller Industries, Inc. reciprocity. DEF 14A. Mueller Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, Hyster-Yale Materials Handling, Inc. reciprocity. DEF 14A. Hyster-Yale Materials Handling, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, Modine Manufacturing Company reciprocity. DEF 14A. Modine Manufacturing Company's most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, LCI Industries, Inc. reciprocity. DEF 14A. LCI Industries, Inc. names Patrick Industries Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, American Woodmark Corporation reciprocity. DEF 14A. American Woodmark Corporation names Patrick Industries Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Thor Industries, Inc. reciprocity. DEF 14A. Thor Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, EnPro Industries, Inc. reciprocity. DEF 14A. EnPro Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, Wabash National Corporation reciprocity. DEF 14A. Wabash National Corporation names Patrick Industries Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Polaris, Inc. reciprocity. DEF 14A. Polaris, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, Apogee Enterprises, Inc. reciprocity. DEF 14A. Apogee Enterprises, Inc.'s most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
  • Section 10a, Winnebago Industries, Inc. reciprocity. DEF 14A. Winnebago Industries, Inc. names Patrick Industries Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Brunswick Corporation reciprocity. DEF 14A. Brunswick Corporation's most recent proxy was read; its disclosed peer group does not include Patrick Industries Inc. View filing ↗
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