Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-08

Sherwin-Williams Co (SHW)

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.

$14,914,317
Heidi Petz total, FY2025
29th
CEO pay percentile vs peers
248:1
CEO-to-median pay ratio
92.21%
Say-on-pay support, latest vote
Companies that benchmark against SHW
27 companies name SHW as a compensation peer

Each company listed discloses SHW 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 SHW 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
Heidi Petz$1,373,077$0$6,456,207$4,253,859$2,390,000$0$441,174$14,914,317
Chair of the Board, President and CEO
Allen Mistysyn987,61602,470,8941,511,1341,074,0000226,6346,270,278
Former Senior Vice President - Finance and CFO
Karl Jorgenrud791,92301,461,282969,912799,7600172,0264,194,903
President, Global Industrial
Justin Binns791,92401,461,282969,912644,8000143,0344,010,952
President, Global Architectural
Mary Garceau767,94101,169,025709,125668,0000137,2963,451,387
Senior 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 FY20242025
Heidi Petz$14,914,317$12,992,297$10,085,512+1,922,020
Allen Mistysyn6,270,2786,217,7638,126,018+52,515
Karl Jorgenrud4,194,9034,140,4064,748,133+54,497
Justin Binns4,010,9523,889,4994,889,942+121,453
Mary Garceau3,451,387

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

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael H. ThamanDirector2026-04-06A106.97$316$33,749CommonForm 4 ↗
Thomas L. WilliamsDirector2026-04-06A106.9731633,749CommonForm 4 ↗
Robert J. GamgortDirector2026-04-06A106.9731633,749CommonForm 4 ↗
Kerrii B. AndersonDirector2026-04-06A31.731610,001CommonForm 4 ↗
Kerrii B. AndersonDirector2026-07-06A28.5435010,000CommonForm 4 ↗
Thomas L. WilliamsDirector2026-07-06A96.3235033,751CommonForm 4 ↗
Michael H. ThamanDirector2026-07-06A96.3235033,751CommonForm 4 ↗
Robert J. GamgortDirector2026-07-06A96.3235033,751CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Heidi PetzPSU2025-02-183,0386,07512,150$2,152,069
Allen MistysynPSU2025-02-181,1632,3254,650823,631
Karl JorgenrudOPTION2025-10-2010,860969,912
Heidi PetzPSU2025-02-186,07512,15024,3004,304,138
Mary GarceauPSU2025-02-181,1002,2004,400779,350
Heidi PetzOPTION2025-10-2047,6304,253,859
Allen MistysynOPTION2025-10-2016,9201,511,134
Justin BinnsOPTION2025-10-2010,860969,912
Mary GarceauPSU2025-02-185501,1002,200389,675
Karl JorgenrudPSU2025-02-181,3752,7505,500974,188
Mary GarceauOPTION2025-10-207,940709,125
Justin BinnsPSU2025-02-186881,3752,750487,094
Justin BinnsPSU2025-02-181,3752,7505,500974,188
Allen MistysynPSU2025-02-182,3254,6509,3001,647,263
Karl JorgenrudPSU2025-02-186881,3752,750487,094
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Heidi Petz$0$6,456,207$4,253,85960.3%
Allen Mistysyn02,470,8941,511,13462.1%
Karl Jorgenrud01,461,282969,91260.1%
Mary Garceau01,169,025709,12562.2%
Justin Binns01,461,282969,91260.1%

% 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
Allen MistysynOption16,920331.37
Heidi PetzOption27,000388.57
Mary GarceauOption4,866388.57
Mary GarceauOption7,940331.37
Heidi PetzOption47,630331.37
Mary GarceauRSU6,6002,138,598
Allen MistysynRSU8,3502,705,651
Karl JorgenrudRSU4,1751,352,825
Heidi PetzPSU36,45011,810,894
Justin BinnsOption10,860331.37
Heidi PetzOption14,700248.57
Justin BinnsRSU4,1751,352,825
Heidi PetzRSU16,8005,443,704
Allen MistysynOption10,333388.57
Justin BinnsRSU9,9003,207,897
Karl JorgenrudPSU8,2502,673,248
Allen MistysynPSU16,5005,346,495
Allen MistysynPSU13,9504,520,219
Justin BinnsPSU9,0002,916,270
Karl JorgenrudRSU9,6003,110,688
Karl JorgenrudOption3,666248.57
Justin BinnsOption3,666248.57
Mary GarceauOption3,033248.57
Karl JorgenrudOption10,860331.37
Justin BinnsPSU8,2502,673,248
Karl JorgenrudPSU9,0002,916,270
Mary GarceauRSU9,0002,916,270
Heidi PetzRSU8,3502,705,651
Mary GarceauPSU7,2002,333,016
Allen MistysynOption5,466248.57
Justin BinnsOption6,133388.57
Karl JorgenrudOption6,133388.57
Heidi PetzPSU35,40011,470,662
Allen MistysynRSU18,6006,026,958
05

Incentive-plan design — the Compensation Discussion & Analysis

We generally benchmark target compensation for our NEOs to be within a general range (plus or minus approximately 15%) of the market median compensation of comparable positions, although we do not have a formal policy of setting target compensation levels at a specific percentile of the market median.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMercer (US) LLC
Clawback policytrue
Anti-hedging
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-22184,546,41915,581,6221,507,59292.21%Passed
20252025-04-16183,549,70917,884,4571,169,08391.12%Passed
20242024-04-17182,951,82316,737,5781,317,08591.62%Passed
20232023-04-19195,061,90513,283,2241,629,89993.62%Passed
20222022-04-20190,773,68115,736,0031,607,66392.38%Passed
20212021-04-2167,569,2594,676,127569,22193.53%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
20262026-04-2292.21%a
20252025-04-1691.12%b
20242024-04-1791.62%c

a. Approved under the standard stated in the filing — “The approval, on an advisory basis, of the compensation of the named executive officers requires the affirmative vote of a majority of the votes cast.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes with respect to this proposal will not be counted as votes cast and, therefore, will have no effect on the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes with respect to this proposal will not be counted as votes cast and, therefore, 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)248 : 1
CEO total compensation$14,914,317
Median employee compensation$60,049
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jeff M. FettigIndependent · Lead Independent Director · Audit Committee$185,000$183,147$0$0$7,000$375,147
Marta R. StewartIndependent · Audit Committee (Chair)165,000183,147007,000355,147
Kerrii B. AndersonIndependent · Compensation Committee (Chair)160,000183,147007,000350,147
Matthew Thornton IIIIndependent · Nominating160,000183,147004,000347,147
Thomas L. WilliamsIndependent · Compensation Committee135,000183,147007,000325,147
Michael H. ThamanIndependent · Audit Committee135,000183,147007,000325,147
Aaron M. PowellIndependent · Compensation Committee135,000183,147004,000322,147
Robert J. GamgortIndependent · Audit Committee · Newly elected95,687172,414004,000272,101
Christine A. PoonIndependent · Departed during FY39,313183,147004,000226,460
Arthur F. AntonIndependent · Departed during FY39,313183,147004,000226,460
John G. MorikisEmployee director · Departed during FY39,31304,00043,313
Heidi G. PetzEmployee director · Board Chair000000
09

Board fee structure and ownership guideline

Annual cash retainer$135,000
Annual equity retainer$183,147
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,288,626
Equity awards (grant-date value)$1,820,737
All other compensation$59,000
Total cost of the board$3,168,363

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 Sherwin-Williams Co 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 Sherwin-Williams Co.

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
1Deere & Company2025John May$1,694,507$13,950,239$4,255,133$5,450,551$27,925,424
2Linde plc2025Sanjiv Lamba1,575,00011,680,8044,938,9083,197,25021,777,870
33M Company2025William Brown1,800,0007,753,8527,001,2423,745,32221,005,009
4Honeywell International Inc.2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
5Johnson Controls International plc2025Joakim Weidemanis825,00012,849,0883,749,9932,357,24719,963,827
6Cummins Inc.2025Jennifer Rumsey1,533,7506,429,00406,975,65619,905,532
7Parker Hannifin Corporation2025Jennifer Parmentier1,462,5006,313,2266,941,3153,356,41619,317,705
8Dow Inc.2025Jim Fitterling1,695,20011,910,6282,970,005533,98819,078,777
9Ecolab Inc.2025Christophe Beck1,390,0817,228,1014,566,9163,383,18317,404,935
10Caterpillar Inc.2025Joseph Creed1,381,8929,538,4843,101,1172,476,80017,008,077
11Colgate-Palmolive Company2025Noel Wallace1,500,0008,005,1523,570,0162,455,95016,478,196
12Smurfit Westrock plc2025Anthony Smurfit1,565,19411,653,64502,998,20816,429,689
13DuPont de Nemours, Inc.2025Lori Koch1,242,31312,547,71101,897,50016,134,250
14LyondellBasell Industries N.V.2025Peter Vanacker1,486,53911,846,18401,708,50015,577,445
15Kimberly-Clark Corporation2025Michael Hsu1,500,00011,499,98901,596,42415,320,405
16Sherwin-Williams Co2025Heidi Petz1,373,0776,456,2074,253,8592,390,00014,914,317
17PPG Industries, Inc.2025Timothy Knavish1,300,0007,333,5423,666,6901,924,00014,885,022
18International Paper Company2025Andrew Silvernail1,000,00012,174,81801,318,50014,838,324
19The Goodyear Tire & Rubber Company2025Mark Stewart1,400,0007,128,09304,899,20014,602,389
20Whirlpool Corporation2025Marc Bitzer1,355,0009,449,86101,084,00012,773,816
21Eaton Corporation plc2025Paulo Ruiz1,087,1164,140,3141,384,6951,155,0007,923,677
22Masco Corporation2025Jonathon Nudi528,8504,034,8871,120,019273,6006,641,952
Akzo Nobel N.V.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
Sherwin-Williams Co110.86%PSU 60 · Options 40NoMercer (US) LLC
3M Company118.9%PSU 50 · Options 50NoFW Cook
Akzo Nobel N.V.not disclosednot disclosednot disclosednot disclosed
Caterpillar Inc.118%PSU 50 · RSU 25 · Options 25Yes — relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
Colgate-Palmolive Company93.6%PSU 50 · Options 30 · RSU 20NoFW Cook
Cummins Inc.90%PSU 70 · Cash LTI 30NoFarient
Deere & Company160.8%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year)
Dow Inc.not disclosedPSU 65 · Options 20 · RSU 15Yes — Relative TSRMercer
DuPont de Nemours, Inc.101.2%PSU 60 · RSU 40Yes — Relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Eaton Corporation plc70%PSU 50 · RSU 25 · Options 25Yes — Relative TSRMeridian Compensation Partners
Ecolab Inc.137%PSU 60 · Options 40Yes — relative TSRFW Cook
Honeywell International Inc.126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
International Paper Company87.9%PSU 100Yes — Relative TSRFrederic W. Cook
Johnson Controls International plc176.6%PSU 50 · RSU 25 · Options 25Yes — TSR Relative to S&P 500 IndustrialsFarient Advisors LLC
Kimberly-Clark Corporationnot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Linde plc116.0%PSU 50 · Options 30 · RSU 20Yes — Relative Total Shareholder Return (TSR)Willis Towers Watson
LyondellBasell Industries N.V.67%PSU 60 · RSU 40Yes — Relative TSRPearl Meyer
Masco Corporationnot disclosednot disclosedYes — rTSRSemler Brossy
Parker Hannifin Corporation139.09%PSU 50 · Options 50NoMercer Consulting (Marsh & McLennan Companies, Inc.)
PPG Industries, Inc.93%MSU 34 · Options 33 · PSU 33NoFW Cook
Smurfit Westrock plc109.5%PSU 75 · RSU 25Yes — Relative total shareholder return (rTSR)Semler Brossy
The Goodyear Tire & Rubber Company98%Cash LTI 40 · RSU 30 · PSU 30Yes — Relative Total Shareholder Return (TSR)Exequity
Whirlpool Corporation50%PSU 70 · RSU 30NoFW Cook

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Sherwin-Williams Co in fiscal 2025?
As disclosed, the highest-paid executive at Sherwin-Williams Co in fiscal 2025 was Heidi Petz, Chair of the Board, President and CEO.
How does Sherwin-Williams Co's chief executive pay compare to its disclosed peer group?
The filing shows that Heidi Petz's pay placed her in the 29th percentile of the disclosed peer group.
What is Sherwin-Williams Co's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 248:1 as disclosed in the filing.
How did shareholders vote on Sherwin-Williams Co's executive compensation?
Shareholders voted 92.21% in support of the executive compensation plan at the latest vote.
How much does Sherwin-Williams Co spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $3,168,363 as reported in the filing.

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.

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, Heidi PetzDEF 14A2026-03-110000089800-26-000025Section “Summary Compensation Table” · page 50. As printed: 14,914,317. Filing ↗machine: r2 · c8 · span 1976552–1976562
2Section 01, Allen MistysynDEF 14A2026-03-110000089800-26-000025Section “Summary Compensation Table” · page 50. As printed: 6,270,278. Filing ↗machine: r5 · c8 · span 1989485–1989494
3Section 01, Karl JorgenrudDEF 14A2026-03-110000089800-26-000025Section “Summary Compensation Table” · page 50. As printed: 4,194,903. Filing ↗machine: r11 · c8 · span 2014922–2014931
4Section 01, Justin BinnsDEF 14A2026-03-110000089800-26-000025Section “Summary Compensation Table” · page 50. As printed: 4,010,952. Filing ↗machine: r8 · c8 · span 2002100–2002109
5Section 01, Mary GarceauDEF 14A2026-03-110000089800-26-000025Section “Summary Compensation Table” · page 50. As printed: 3,451,387. Filing ↗machine: r14 · c8 · span 2027836–2027845
6Section 03, Heidi Petz PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r6 · c10 · span 2185220–2185229
7Section 03, Allen Mistysyn PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r11 · c10 · span 2199161–2199168
8Section 03, Karl Jorgenrud OPTIONDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t109 · r11 · c5 · span 2013426–2013433
9Section 03, Heidi Petz PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r5 · c10 · span 2181965–2181974
10Section 03, Mary Garceau PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r25 · c10 · span 2237753–2237760
11Section 03, Heidi Petz OPTIONDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t101 · r3 · c1 · span 1837966–1837972
12Section 03, Allen Mistysyn OPTIONDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t101 · r4 · c1 · span 1840044–1840050
13Section 03, Justin Binns OPTIONDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t101 · r5 · c1 · span 1842181–1842187
14Section 03, Mary Garceau PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r26 · c10 · span 2241034–2241041
15Section 03, Karl Jorgenrud PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r20 · c10 · span 2223795–2223802
16Section 03, Mary Garceau OPTIONDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t101 · r7 · c1 · span 1846463–1846468
17Section 03, Justin Binns PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r16 · c10 · span 2213117–2213124
18Section 03, Justin Binns PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r15 · c10 · span 2209836–2209843
19Section 03, Allen Mistysyn PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r10 · c10 · span 2195894–2195903
20Section 03, Karl Jorgenrud PSUDEF 14A2026-03-110000089800-26-000025Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t116 · r21 · c10 · span 2227070–2227077
21Section 07, pay ratioDEF 14A2026-03-110000089800-26-000025Section “CEO Pay Ratio”. As printed: 248 : 1. Filing ↗machine: span 2736837–2737034
22Section 08, Jeff M. FettigDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 375,147. Filing ↗machine: t69 · r4 · c4 · span 1156087–1156094
23Section 08, Marta R. StewartDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 355,147. Filing ↗machine: t69 · r9 · c4 · span 1170170–1170177
24Section 08, Kerrii B. AndersonDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 350,147. Filing ↗machine: t69 · r2 · c4 · span 1150505–1150512
25Section 08, Matthew Thornton IIIDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 347,147. Filing ↗machine: t69 · r11 · c4 · span 1175552–1175559
26Section 08, Thomas L. WilliamsDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 325,147. Filing ↗machine: t69 · r12 · c4 · span 1178245–1178252
27Section 08, Michael H. ThamanDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 325,147. Filing ↗machine: t69 · r10 · c4 · span 1172862–1172869
28Section 08, Aaron M. PowellDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 322,147. Filing ↗machine: t69 · r8 · c4 · span 1167493–1167500
29Section 08, Robert J. GamgortDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 272,101. Filing ↗machine: t69 · r5 · c4 · span 1158977–1158984
30Section 08, Christine A. PoonDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 226,460. Filing ↗machine: t69 · r7 · c4 · span 1164802–1164809
31Section 08, Arthur F. AntonDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 226,460. Filing ↗machine: t69 · r3 · c4 · span 1153403–1153410
32Section 08, John G. MorikisDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 43,313. Filing ↗machine: t69 · r6 · c4 · span 1161898–1161904
33Section 08, Heidi G. PetzDEF 14A2026-03-110000089800-26-000025Section “Director Compensation”. As printed: 0. Filing ↗
34Section 02, Michael H. Thaman 2026-04-06Form 42026-04-080001228309-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Thomas L. Williams 2026-04-06Form 42026-04-080001320730-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Robert J. Gamgort 2026-04-06Form 42026-04-080001570836-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Kerrii B. Anderson 2026-04-06Form 42026-04-080001227159-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Kerrii B. Anderson 2026-07-06Form 42026-07-080001227159-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Thomas L. Williams 2026-07-06Form 42026-07-080001320730-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Michael H. Thaman 2026-07-06Form 42026-07-080001228309-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Robert J. Gamgort 2026-07-06Form 42026-07-080001570836-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
42Section 06, 2026 voteForm 8-K2026-04-240000089800-26-000031Item 5.07 · say-on-pay result. As reported: 92.21% (votes for as printed: 184,546,419). Filing ↗
43Section 06, 2025 voteForm 8-K2025-04-210000089800-25-000076Item 5.07 · say-on-pay result. As reported: 91.12% (votes for as printed: 183,549,709). Filing ↗
44Section 06, 2024 voteForm 8-K2024-04-220000089800-24-000082Item 5.07 · say-on-pay result. As reported: 91.62% (votes for as printed: 182,951,823). Filing ↗
45Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
46Section 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
47Section 09b board cost (computed)ComputedcomputedCash 1,288,626 + equity 1,820,737 + all other 59,000 = 3,168,363, summed across the director compensation table rows.machine: formula: Σ = 3,168,363
48Deere & Company, Section 10b CEO totalDEF 14A2026-01-140001104659-26-003618CEO total compensation as printed in Deere & Company's own proxy. As printed: 27,925,424. Filing ↗machine: t295 · r9 · c26 · span 5375554–5375564
49Linde plc, Section 10b CEO totalDEF 14A2026-04-290001193125-26-192209CEO total compensation as printed in Linde plc's own proxy. As printed: 21,777,870. Filing ↗machine: t104 · r4 · c31 · span 1748638–1748648
503M Company, Section 10b CEO totalDEF 14A2026-03-250000066740-26-000151CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. Filing ↗machine: r2 · c9 · span 2797692–2797702
51Honeywell International Inc., Section 10b CEO totalDEF 14A2026-04-100000773840-26-000029CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. Filing ↗machine: span 2093429–2093439
52Johnson Controls International plc, Section 10b CEO totalDEF 14A2026-01-160001104659-26-004565CEO total compensation as printed in Johnson Controls International plc's own proxy. As printed: 19,963,827. Filing ↗machine: t61 · r2 · c48 · span 1373807–1373817
53Cummins Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039158CEO total compensation as printed in Cummins Inc.'s own proxy. As printed: 19,905,532. Filing ↗machine: t135 · r1 · c47 · span 1108458–1108468
54Parker Hannifin Corporation, Section 10b CEO totalDEF 14A2025-09-190001308179-25-000603CEO total compensation as printed in Parker Hannifin Corporation's own proxy. As printed: 19,317,705. Filing ↗machine: r2 · c24 · span 1027257–1027267
55Dow Inc., Section 10b CEO totalDEF 14A2026-02-270001193125-26-082583CEO total compensation as printed in Dow Inc.'s own proxy. As printed: 19,078,777. Filing ↗machine: t107 · r2 · c33 · span 2553990–2554000
56Ecolab Inc., Section 10b CEO totalDEF 14A2026-03-200001104659-26-032777CEO total compensation as printed in Ecolab Inc.'s own proxy. As printed: 17,404,935. Filing ↗machine: t199 · r1 · c63 · span 2259065–2259075
57Caterpillar Inc., Section 10b CEO totalDEF 14A2026-04-300001308179-26-000358CEO total compensation as printed in Caterpillar Inc.'s own proxy. As printed: 17,008,077. Filing ↗machine: span 855862–855872
58Colgate-Palmolive Company, Section 10b CEO totalDEF 14A2026-03-250001308179-26-000136CEO total compensation as printed in Colgate-Palmolive Company's own proxy. As printed: 16,478,196. Filing ↗machine: t137 · r1 · c18 · span 723853–723863
59Smurfit Westrock plc, Section 10b CEO totalDEF 14A2026-03-110001104659-26-026094CEO total compensation as printed in Smurfit Westrock plc's own proxy. As printed: 16,429,689. Filing ↗machine: t228 · r5 · c14 · span 1570711–1570721
60DuPont de Nemours, Inc., Section 10b CEO totalDEF 14A2026-04-100001193125-26-151204CEO total compensation as printed in DuPont de Nemours, Inc.'s own proxy. As printed: 16,134,250. Filing ↗machine: r4 · c44 · span 1255492–1255502
61LyondellBasell Industries N.V., Section 10b CEO totalDEF 14A2026-04-100001308179-26-000250CEO total compensation as printed in LyondellBasell Industries N.V.'s own proxy. As printed: 15,577,445. Filing ↗machine: t221 · r1 · c18 · span 929522–929532
62Kimberly-Clark Corporation, Section 10b CEO totalDEF 14A2026-03-230001628280-26-020404CEO total compensation as printed in Kimberly-Clark Corporation's own proxy. As printed: 15,320,405. Filing ↗machine: r2 · c21 · span 1086894–1086904
63Sherwin-Williams Co (subject), Section 10b CEO totalDEF 14A2026-03-110000089800-26-000025CEO total compensation as printed in Sherwin-Williams Co's own proxy. As printed: 14,914,317. Filing ↗machine: r2 · c8 · span 1976552–1976562
64PPG Industries, Inc., Section 10b CEO totalDEF 14A2026-03-050000079879-26-000088CEO total compensation as printed in PPG Industries, Inc.'s own proxy. As printed: 14,885,022. Filing ↗machine: span 1300546–1300556
65International Paper Company, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021729CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. Filing ↗machine: r2 · c9 · span 2931849–2931859
66The Goodyear Tire & Rubber Company, Section 10b CEO totalDEF 14A2026-03-060001628280-26-015520CEO total compensation as printed in The Goodyear Tire & Rubber Company's own proxy. As printed: 14,602,389. Filing ↗machine: span 1108942–1108952
67Whirlpool Corporation, Section 10b CEO totalDEF 14A2026-03-100001193125-26-100387CEO total compensation as printed in Whirlpool Corporation's own proxy. As printed: 12,773,816. Filing ↗machine: r4 · c35 · span 934743–934753
68Eaton Corporation plc, Section 10b CEO totalDEF 14A2026-03-130001193125-26-105117CEO total compensation as printed in Eaton Corporation plc's own proxy. As printed: 7,923,677. Filing ↗machine: r4 · c18 · span 2008245–2008255
69Masco Corporation, Section 10b CEO totalDEF 14A2026-04-100001193125-26-151241CEO total compensation as printed in Masco Corporation's own proxy. As printed: 6,641,952. Filing ↗machine: r4 · c44 · span 672880–672889
70Section 10a, Caterpillar Inc. reciprocityDEF 14A0001308179-26-000358Caterpillar Inc.'s most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
71Section 10a, Parker Hannifin Corporation reciprocityDEF 14A0001308179-25-000603Parker Hannifin Corporation's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
72Section 10a, PPG Industries, Inc. reciprocityDEF 14A0000079879-26-000088PPG Industries, Inc. names Sherwin-Williams Co in its own disclosed peer group (read from its most recent proxy). Filing ↗
73Section 10a, Honeywell International Inc. reciprocityDEF 14A0000773840-26-000029Honeywell International Inc.'s most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
74Section 10a, Ecolab Inc. reciprocityDEF 14A0001104659-26-032777Ecolab Inc. names Sherwin-Williams Co in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, International Paper Company reciprocityDEF 14A0001628280-26-021729International Paper Company's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
76Section 10a, Whirlpool Corporation reciprocityDEF 14A0001193125-26-100387Whirlpool Corporation's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
77Section 10a, Smurfit Westrock plc reciprocityDEF 14A0001104659-26-026094Smurfit Westrock plc's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
78Section 10a, Cummins Inc. reciprocityDEF 14A0001104659-26-039158Cummins Inc.'s most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
79Section 10a, DuPont de Nemours, Inc. reciprocityDEF 14A0001193125-26-151204DuPont de Nemours, Inc.'s most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
80Section 10a, Deere & Company reciprocityDEF 14A0001104659-26-003618Deere & Company's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
81Section 10a, Eaton Corporation plc reciprocityDEF 14A0001193125-26-105117Eaton Corporation plc's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
82Section 10a, Johnson Controls International plc reciprocityDEF 14A0001104659-26-004565Johnson Controls International plc's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗
83Section 10a, 3M Company reciprocityDEF 14A0000066740-26-0001513M Company's most recent proxy was read; its disclosed peer group does not include Sherwin-Williams Co. Filing ↗