Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-18

Perimeter Solutions (PRM)

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.

$8,037,750
Haitham Khouri total, FY2025
67th
CEO pay percentile vs peers
114:1
CEO-to-median pay ratio
99.04%
Say-on-pay support, latest vote
Companies that benchmark against PRM
1 company names PRM as a compensation peer

Each company listed discloses PRM 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 PRM 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
Haitham Khouri$675,000$0$0$6,267,300$1,040,000$0$55,450$8,037,750
Chief Executive Officer
Edward Goldberg615,00000589,300786,668059,3582,050,326
Former Vice Chairman
Kyle Sable500,000001,001,100385,000057,7861,943,886
Chief Financial Officer
Jeffrey Emery377,000001,171,500271,000059,6971,879,197
President, Fire Safety
Noriko Yokozuka377,00000702,900243,000022,7851,345,685
General Counsel & Chief Administrative 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Haitham Khouri$8,037,750$4,104,027$9,422,241+3,933,723
Edward Goldberg2,050,3261,872,2661,093,432+178,060
Kyle Sable1,943,8862,910,285645,091−966,399
Jeffrey Emery1,879,1971,788,540527,055+90,657
Noriko Yokozuka1,345,6851,233,867437,039+111,818

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
Jeffrey EmeryOPTION2025-02-1283,000$589,300
Jeffrey EmeryOPTION2025-02-12225,0001,500,750
Jeffrey EmeryOPTION2025-02-12165,0001,171,500
Edward GoldbergOPTION2025-02-1283,000589,300
Haitham KhouriOPTION2025-02-12413,0002,932,300
Haitham KhouriOPTION2025-02-12500,0003,335,000
Kyle SableOPTION2025-02-12141,0001,001,100
Noriko YokozukaOPTION2025-02-1299,000702,900
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Emery$0$0$3,261,5500.0%
Edward Goldberg00589,3000.0%
Haitham Khouri006,267,3000.0%
Kyle Sable001,001,1000.0%
Noriko Yokozuka00702,9000.0%

% 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
OctoberPSU575,000$17,738,750
MarchPSU525,00016,196,250
toRSU330,00010,180,500
AprilPSU315,0009,717,750
SeptemberPSU280,0008,638,000
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company is committed to providing a fair and market competitive executive compensation program that attracts, retains, and rewards high-performing employees by tying compensation to short-term and long-term financial targets. The program emphasizes long-term performance and stockholder alignment by limiting short-term cash compensation and focusing on performance-based equity awards.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantF.W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-28135,811,3671,314,00720,44299.04%Passed
20252025-05-29103,229,25215,783,645106,37486.74%Passed
20242024-05-23105,657,24810,803,74511,77390.72%Passed
20232023-06-2298,918,87222,786,01012,07581.28%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
20262026-05-2899.04%a
20252025-05-2986.74%b
20242024-05-2390.72%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes "FOR" or "AGAINST" this proposal and will have no effect on the vote.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes "FOR" or "AGAINST" this proposal and will have no effect on the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as votes "FOR" or "AGAINST" this proposal and will have no effect on the vote.”.

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)114 : 1
CEO total compensation
Median employee compensation$70,720
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bernt Iversen IIIndependent · Audit Committee · Compensation Committee$80,000$467,600$547,600
Robert S. HendersonIndependent · Audit Committee · Compensation Committee · Nominating and Corporate Governance Committee80,000467,600547,600
Jorge L. Valladares IIIIndependent · Nominating and Corporate Governance Committee75,000425,600500,600
W. Nicholas HowleyIndependent · Executive Committee90,000233,450323,450
Sean HennessyIndependent · Audit Committee · Compensation Committee90,000233,450323,450
William N. Thorndike JrIndependent90,000233,450323,450
Vivek RajIndependent · Compensation Committee · Nominating and Corporate Governance Committee · Not standing for re-election75,000233,450308,450
Tracy Britt CoolIndependent · Nominating and Corporate Governance Committee75,000233,450308,450
Haitham KhouriEmployee director · Executive Committee0
Edward GoldbergIndependent · Executive · Not standing for re-election · Departed during FY
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 5,000 / 5,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$655,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$655,000

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.

CMP Compass Minerals International, Inc.ZWS Zurn Elkway Water Solutions CorporationFTK Flotek Industrials, Inc.SXT Sensient Technologies CorporationEPAC Enerpac Tool Group Corp.BCPC Balchem CorporationCMT Core Molding Technologies, Inc.RYAM Rayonier Advanced Materials Inc.ASPN Aspen Aerogels, Inc.ECVT Ecovyst, Inc.HWKN Hawkins, Inc.ALTM Arcadium Lithium PLCNGVT Ingevity CorporationNPO Enpro Industries, Inc.IOSP Innospec Inc.MWA Mueller Water Products, Inc.MP MP Materials Corp.
10a

Peer reciprocity

Of the companies Perimeter Solutions 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.

Compass Minerals International, Inc. (CMP) Zurn Elkway Water Solutions Corporation (ZWS)39 Flotek Industrials, Inc. (FTK) Sensient Technologies Corporation (SXT) Enerpac Tool Group Corp. (EPAC) Balchem Corporation (BCPC) Core Molding Technologies, Inc. (CMT) Rayonier Advanced Materials Inc. (RYAM) Aspen Aerogels, Inc. (ASPN) Ecovyst, Inc. (ECVT) Hawkins, Inc. (HWKN) Arcadium Lithium PLC (ALTM) Ingevity Corporation (NGVT) Enpro Industries, Inc. (NPO)40 Innospec Inc. (IOSP) Mueller Water Products, Inc. (MWA)41 MP Materials Corp. (MP)42

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 Perimeter Solutions.

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
1MP Materials Corp.2025James Litinsky$1,000,000$24,783,676$0$2,213,047$28,010,723
2Zurn Elkway Water Solutions Corporation2025Todd Adams1,005,0008,000,01001,852,96911,603,760
3Perimeter Solutions2025Haitham Khouri675,00006,267,3001,040,0008,037,750
4Enpro Industries, Inc.2025Eric Vaillancourt934,6163,678,2311,390,7161,341,9497,457,747
5Mueller Water Products, Inc.2025Marietta Edmunds Zakas931,3272,970,915849,9772,038,6766,855,283
6Enerpac Tool Group Corp.2025Paul Sternlieb929,4234,520,6340951,3326,548,272
7Rayonier Advanced Materials Inc.2025De Lyle Bloomquist1,000,0002,649,97501,363,4385,138,573
8Hawkins, Inc.2026Patrick Hawkins743,2692,062,3930736,9843,607,894
Compass Minerals International, Inc.not in coverage universe
Flotek Industrials, Inc.not in coverage universe
Sensient Technologies Corporationnot in coverage universe
Balchem Corporationnot in coverage universe
Core Molding Technologies, Inc.not in coverage universe
Aspen Aerogels, Inc.not in coverage universe
Ecovyst, Inc.not in coverage universe
Arcadium Lithium PLCnot in coverage universe
Ingevity Corporationnot in coverage universe
Innospec 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
Perimeter Solutionsnot disclosedPerformance-Based Non-Qualified Stock Option 100not disclosedF.W. Cook & Co., Inc.
Arcadium Lithium PLCnot disclosednot disclosednot disclosednot disclosed
Aspen Aerogels, Inc.not disclosednot disclosednot disclosednot disclosed
Balchem Corporationnot disclosednot disclosednot disclosednot disclosed
Compass Minerals International, Inc.not disclosednot disclosednot disclosednot disclosed
Core Molding Technologies, Inc.not disclosednot disclosednot disclosednot disclosed
Ecovyst, Inc.not disclosednot disclosednot disclosednot disclosed
Enerpac Tool Group Corp.100.7%PSU 60 · RSU 40NoMercer, LLC
Enpro Industries, Inc.130.5%RSU 40 · PSU 30 · Options 30Yes — rTSRPearl Meyer & Partners, LLC
Flotek Industrials, Inc.not disclosednot disclosednot disclosednot disclosed
Hawkins, Inc.not disclosedPRSU 100not disclosedMcLagan
Ingevity Corporationnot disclosednot disclosednot disclosednot disclosed
Innospec Inc.not disclosednot disclosednot disclosednot disclosed
MP Materials Corp.not disclosednot disclosednot disclosedExequity
Mueller Water Products, Inc.199%PSU 50 · RSU 25 · Options 25Yes — relative total shareholder return (rTSR)Farient Advisors, LLC
Rayonier Advanced Materials Inc.not disclosednot disclosednot disclosedFrederick W. Cook & Co., Inc.
Sensient Technologies Corporationnot disclosednot disclosednot disclosednot disclosed
Zurn Elkway Water Solutions Corporation147%PSU 100NoWillis Towers Watson

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

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, Haitham KhouriDEF 14A2026-04-170001880319-26-000023Section “Summary Compensation Table” · page 30. As printed: 8,037,750. Filing ↗machine: r2 · c21 · span 475143–475152
2Section 01, Edward GoldbergDEF 14A2026-04-170001880319-26-000023Section “Summary Compensation Table” · page 30. As printed: 2,050,326. Filing ↗machine: r16 · c21 · span 504281–504290
3Section 01, Kyle SableDEF 14A2026-04-170001880319-26-000023Section “Summary Compensation Table” · page 30. As printed: 1,943,886. Filing ↗machine: r5 · c21 · span 481649–481658
4Section 01, Jeffrey EmeryDEF 14A2026-04-170001880319-26-000023Section “Summary Compensation Table” · page 30. As printed: 1,879,197. Filing ↗machine: r11 · c21 · span 493775–493784
5Section 01, Noriko YokozukaDEF 14A2026-04-170001880319-26-000023Section “Summary Compensation Table” · page 30. As printed: 1,345,685. Filing ↗machine: r8 · c21 · span 487581–487590
6Section 03, Jeffrey Emery OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 555926–555933
7Section 03, Jeffrey Emery OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 553932–553941
8Section 03, Jeffrey Emery OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 549696–549705
9Section 03, Edward Goldberg OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 559141–559148
10Section 03, Haitham Khouri OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 539035–539044
11Section 03, Haitham Khouri OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 537040–537049
12Section 03, Kyle Sable OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 542248–542257
13Section 03, Noriko Yokozuka OPTIONDEF 14A2026-04-170001880319-26-000023Section “Grants of Plan-based Awards” · grants of plan-based awards table. Filing ↗machine: span 546486–546493
14Section 07, pay ratioDEF 14A2026-04-170001880319-26-000023Section “CEO Pay Ratio”. As printed: 114 : 1. Filing ↗
15Section 08, Bernt Iversen IIDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 547,600. Filing ↗
16Section 08, Robert S. HendersonDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 547,600. Filing ↗
17Section 08, Jorge L. Valladares IIIDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 500,600. Filing ↗
18Section 08, W. Nicholas HowleyDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 323,450. Filing ↗
19Section 08, Sean HennessyDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 323,450. Filing ↗
20Section 08, William N. Thorndike JrDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 323,450. Filing ↗
21Section 08, Vivek RajDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 308,450. Filing ↗
22Section 08, Tracy Britt CoolDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 308,450. Filing ↗
23Section 08, Haitham KhouriDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Edward GoldbergDEF 14A2026-04-170001880319-26-000023Section “Director Compensation”. As printed: —. Filing ↗
25Section 06, 2026 voteForm 8-K2026-05-280001880319-26-000039Item 5.07 · say-on-pay result. As reported: 99.04% (votes for as printed: 135,811,367). Filing ↗
26Section 06, 2025 voteForm 8-K2025-05-290001880319-25-000079Item 5.07 · say-on-pay result. As reported: 86.74% (votes for as printed: 103,229,252). Filing ↗
27Section 06, 2024 voteForm 8-K2024-05-280001880319-24-000052Item 5.07 · say-on-pay result. As reported: 90.72% (votes for as printed: 105,657,248). Filing ↗
28Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
29Section 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
30Section 09b board cost (computed)ComputedcomputedCash 655,000 + equity 0 + all other 0 = 655,000, summed across the director compensation table rows.machine: formula: Σ = 655,000
31MP Materials Corp., Section 10b CEO totalDEF 14A2026-04-240001801368-26-000020CEO total compensation as printed in MP Materials Corp.'s own proxy. As printed: 28,010,723. Filing ↗machine: r2 · c42 · span 550573–550583
32Zurn Elkway Water Solutions Corporation, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104339CEO total compensation as printed in Zurn Elkway Water Solutions Corporation's own proxy. As printed: 11,603,760. Filing ↗machine: r4 · c44 · span 590719–590729
33Perimeter Solutions (subject), Section 10b CEO totalDEF 14A2026-04-170001880319-26-000023CEO total compensation as printed in Perimeter Solutions's own proxy. As printed: 8,037,750. Filing ↗machine: r2 · c21 · span 475143–475152
34Enpro Industries, Inc., Section 10b CEO totalDEF 14A2026-03-230002071876-26-000038CEO total compensation as printed in Enpro Industries, Inc.'s own proxy. As printed: 7,457,747. Filing ↗machine: t281 · r1 · c9 · span 898791–898800
35Mueller Water Products, Inc., Section 10b CEO totalDEF 14A2025-12-190001350593-25-000069CEO total compensation as printed in Mueller Water Products, Inc.'s own proxy. As printed: 6,855,283. Filing ↗machine: t85 · r2 · c8 · span 974013–974022
36Enerpac 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
37Rayonier Advanced Materials Inc., Section 10b CEO totalDEF 14A2026-03-300001140361-26-011995CEO total compensation as printed in Rayonier Advanced Materials Inc.'s own proxy. As printed: 5,138,573. Filing ↗machine: r2 · c28 · span 1113828–1113837
38Hawkins, Inc., Section 10b CEO totalDEF 14A2026-06-180000046250-26-000026CEO total compensation as printed in Hawkins, Inc.'s own proxy. As printed: 3,607,894. Filing ↗machine: r2 · c42 · span 275539–275548
39Section 10a, Zurn Elkway Water Solutions Corporation reciprocityDEF 14A0001193125-26-104339Zurn Elkway Water Solutions Corporation's most recent proxy was read; its disclosed peer group does not include Perimeter Solutions. Filing ↗
40Section 10a, Enpro Industries, Inc. reciprocityDEF 14A0002071876-26-000038Enpro Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Perimeter Solutions. Filing ↗
41Section 10a, Mueller Water Products, Inc. reciprocityDEF 14A0001350593-25-000069Mueller Water Products, Inc.'s most recent proxy was read; its disclosed peer group does not include Perimeter Solutions. Filing ↗
42Section 10a, MP Materials Corp. reciprocityDEF 14A0001801368-26-000020MP Materials Corp.'s most recent proxy was read; its disclosed peer group does not include Perimeter Solutions. Filing ↗