Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-15

Simpson Manufacturing Co. (SSD)

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.

$7,768,355
Michael Olosky total, FY2025
50th
CEO pay percentile vs peers
133:1
CEO-to-median pay ratio
98.27%
Say-on-pay support, latest vote
Companies that benchmark against SSD
19 companies name SSD as a compensation peer

Each company listed discloses SSD 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 SSD 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
Michael Olosky$950,000$258$5,383,384$0$1,389,713$0$45,000$7,768,355
President and Chief Executive Officer
Matt Dunn575,0000930,6540596,630046,0412,148,325
Chief Financial Officer and Treasurer
Phil Burton510,6080854,3150435,718043,1301,843,771
Executive Vice President – North America
Cassandra Payton468,0000864,2920342,308035,0001,709,600
Executive Vice President – General Counsel
Udit Mehta484,1000601,9150370,0140203,9841,660,013
Chief Technology 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
Michael Olosky$7,768,355$3,704,453$5,139,549+4,063,902
Matt Dunn2,148,325
Phil Burton1,843,7711,092,3421,592,634+751,429
Cassandra Payton1,709,6001,037,598+672,002
Udit Mehta1,660,0131,560,969+99,044

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
Matt DunnPSU2025-01-311,5723,1446,288$522,470
Phil BurtonRSU2025-01-311,255210,037
Phil BurtonPSU2025-01-311,1642,3284,656386,867
Phil BurtonPSU2025-01-313627241,448257,411
Matt DunnPSU2025-01-31175351701124,676
Matt DunnRSU2025-01-311,694283,508
Udit MehtaRSU2025-01-31805134,725
Udit MehtaPSU2025-01-313086171,233219,250
Udit MehtaPSU2025-01-317461,4922,984247,941
Michael OloskyPSU2025-01-312,3144,6279,2551,645,202
Michael OloskyPSU2025-01-317,29214,58429,1682,423,569
Michael OloskyRSU2025-01-317,8551,314,613
Cassandra PaytonPSU2025-01-311,1292,2584,516375,234
Cassandra PaytonRSU2025-01-311,217203,677
Cassandra PaytonPSU2025-01-314018031,605285,380
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Matt Dunn$283,508$647,146$069.5%
Phil Burton210,037644,278075.4%
Udit Mehta134,725467,191077.6%
Michael Olosky1,314,6134,068,771075.6%
Cassandra Payton203,677660,614076.4%

% 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
Michael OloskyPSU17,140$2,767,596
Michael OloskyRSU7,8551,268,347
Michael OloskyPSU14,5842,354,878
Michael OloskyPSU12,7252,054,733
Michael OloskyRSU4,984804,766
Phil BurtonPSU3,248524,455
Michael OloskyRSU3,151508,792
Matt DunnPSU3,144507,662
Udit MehtaRSU2,614422,083
Phil BurtonPSU2,328375,902
Cassandra PaytonPSU2,258364,599
Cassandra PaytonPSU2,207356,418
Phil BurtonPSU1,991321,487
Udit MehtaPSU1,696273,826
Matt DunnRSU1,694273,530
Udit MehtaPSU1,492240,913
Phil BurtonRSU1,255202,645
Cassandra PaytonRSU1,217196,509
Matt DunnPSU964155,711
Cassandra PaytonPSU963155,496
Cassandra PaytonRSU866139,833
Udit MehtaRSU805129,983
Phil BurtonRSU782126,270
Phil BurtonRSU59896,559
Matt DunnRSU37961,197
Cassandra PaytonRSU17828,742
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe our executive compensation to be reasonable and unbiased to motivate our employees to create stockholder value. We are committed to internal pay equity, and the CLDC monitors the relationship between the pay our executive officers receive and the pay our non-managerial employees receive.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-0636,669,378644,94430,79398.27%Passed
20252025-05-0637,393,978938,343350,30197.55%Passed
20242024-05-0136,910,868152,29048,82499.59%Passed
20232023-04-2638,411,194158,66766,80099.59%Passed
20222022-05-0436,201,6291,054,88345,62997.17%Passed
20212021-05-0438,501,599287,22235,19799.26%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
20262026-05-0698.27%a
20252025-05-0697.55%b
20242024-05-0199.59%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted as either votes cast "For" or "Against" Item 3 and have no effect on the vote for this Item 3.”.

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)133 : 1
CEO total compensation
Median employee compensation$58,412
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Philip DonaldsonIndependent · Board Chair · Corporate Strategy & Acquisitions · Audit · Compensation · Nominating & CSR · Audit and Finance$188,373$165,796$354,168
Angela DrakeIndependent · Audit · Compensation · Audit and Finance95,000159,240254,240
James AndrasickIndependent · Audit (Chair) · Nominating & CSR · Audit and Finance (Chair)105,000121,099226,099
Kenneth KnightIndependent · Corporate Strategy and Acquisitions (Chair) · Audit · Audit and Finance103,947121,099225,046
Celeste Volz FordIndependent · Corporate Strategy & Acquisitions · Compensation (Chair)103,947121,099225,046
Chau BanksIndependent · Compensation · Nominating & CSR (Chair)101,534121,099222,633
Felica ConeyIndependent · Corporate Strategy & Acquisitions · Nominating & CSR · Audit and Finance93,968121,099215,067
Gary CusumanoNot independent · Compensation36,606036,606
Michael OloskyEmployee director · Corporate Strategy and Acquisitions0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$125,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000 / 10,000
Stock ownership guideline$375,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$828,375
Equity awards (grant-date value)$930,531
All other compensation$0
Total cost of the board$1,758,906

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.

ROCK Gibraltar Industries, Inc.AWI Armstrong World Industries, IncATKR Atkore Inc.AMWD American Woodmark Corp.APOG Apogee Enterprises, Inc.LPX Louisiana-Pacific CorporationWMS Advanced Drainage Systems, Inc Quanex Building Products Corp.SUM Summit Materials, Inc.AAON AAON, Inc.AOS A.O. Smith CorporationAZEK The AZEK Company Inc.EXP Eagle Materials, Inc.TREX Trex Company, IncPATK Patrick Industries, Inc.
10a

Peer reciprocity

Of the companies Simpson Manufacturing 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.

Gibraltar Industries, Inc. (ROCK)46 Armstrong World Industries, Inc (AWI)47 Atkore Inc. (ATKR) American Woodmark Corp. (AMWD)48 Apogee Enterprises, Inc. (APOG)49 Louisiana-Pacific Corporation (LPX)50 Advanced Drainage Systems, Inc (WMS)51 Summit Materials, Inc. (SUM) AAON, Inc. (AAON) A.O. Smith Corporation (AOS) The AZEK Company Inc. (AZEK) Eagle Materials, Inc. (EXP)52 Trex Company, Inc (TREX) Patrick Industries, Inc. (PATK)

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 Simpson Manufacturing 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
1Louisiana-Pacific Corporation2025W. Bradley Southern$1,196,154$9,850,253$0$2,173,021$13,523,822
2Eagle Materials, Inc.2026Michael Haack1,119,4565,457,2701,657,8341,948,98710,302,728
3Advanced Drainage Systems, Inc2026D. Scott Barbour1,050,0005,309,8111,143,5572,216,5509,780,935
4Armstrong World Industries, Inc2025Victor Grizzle1,000,0005,599,53201,584,0008,537,000
5Simpson Manufacturing Co.2025Michael Olosky950,0005,383,38401,389,7137,768,355
6Apogee Enterprises, Inc.2026Ty Silberhorn627,3082,283,41901,208,5006,075,286
7A.O. Smith Corporation2025Stephen Shafer965,7502,678,04401,068,0004,960,450
8American Woodmark Corp.2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
9Gibraltar Industries, Inc.2025William Bosway908,2693,202,4400274,5004,731,001
Atkore Inc.not in coverage universe
Summit Materials, Inc.not in coverage universe
AAON, Inc.not in coverage universe
The AZEK Company Inc.not in coverage universe
Trex Company, Incnot in coverage universe
Patrick 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Simpson Manufacturing Co.not disclosednot disclosednot disclosednot disclosed
A.O. Smith Corporation98.3%RSU 50 · Cash LTI 35 · PSU 15NoWillis Towers Watson (WTW)
AAON, Inc.not disclosednot disclosednot disclosednot disclosed
Advanced Drainage Systems, Incnot disclosedPRSU 60 · RSU 20 · Option 20not disclosedWTW
American Woodmark Corp.60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Apogee Enterprises, Inc.not disclosedRSU 50 · PSU 50NoMeridian Compensation Partners, LLC (current); Willis Towers Watson (through September 2025)
Armstrong World Industries, Incnot disclosedRSU 50 · PRSU 50not disclosedAon
Atkore Inc.not disclosednot disclosednot disclosednot disclosed
Eagle Materials, Inc.not disclosedOptions 50 · PSU 25 · RSU 25Yes — Average Absolute Total Stockholder Return (Avg. A-TSR)Meridian Compensation Partners
Gibraltar Industries, Inc.25%PSU 64 · RSU 36NoWTW
Louisiana-Pacific Corporation135%PSU 60 · RSU 40NoFW Cook
Patrick Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Summit Materials, Inc.not disclosednot disclosednot disclosednot disclosed
The AZEK Company Inc.not disclosednot disclosednot disclosednot disclosed
Trex Company, Incnot disclosednot disclosednot disclosednot disclosed

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, Michael OloskyDEF 14A2026-03-240001628280-26-020810Section “2025 Summary Compensation Table” · page 56. As printed: 7,768,355. Filing ↗machine: r2 · c21 · span 924542–924551
2Section 01, Matt DunnDEF 14A2026-03-240001628280-26-020810Section “2025 Summary Compensation Table” · page 56. As printed: 2,148,325. Filing ↗machine: r5 · c21 · span 930951–930960
3Section 01, Phil BurtonDEF 14A2026-03-240001628280-26-020810Section “2025 Summary Compensation Table” · page 56. As printed: 1,843,771. Filing ↗machine: r6 · c21 · span 933469–933478
4Section 01, Cassandra PaytonDEF 14A2026-03-240001628280-26-020810Section “2025 Summary Compensation Table” · page 56. As printed: 1,709,600. Filing ↗machine: r11 · c21 · span 944290–944299
5Section 01, Udit MehtaDEF 14A2026-03-240001628280-26-020810Section “2025 Summary Compensation Table” · page 56. As printed: 1,660,013. Filing ↗machine: r9 · c21 · span 939898–939907
6Section 03, Matt Dunn PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 992579–992586
7Section 03, Phil Burton RSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1002939–1002946
8Section 03, Phil Burton PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1001063–1001070
9Section 03, Phil Burton PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Matt Dunn PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Matt Dunn RSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 994430–994437
12Section 03, Udit Mehta RSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1011367–1011374
13Section 03, Udit Mehta PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Udit Mehta PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1009518–1009525
15Section 03, Michael Olosky PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, Michael Olosky PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 984120–984129
17Section 03, Michael Olosky RSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 985998–986007
18Section 03, Cassandra Payton PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1018035–1018042
19Section 03, Cassandra Payton RSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1020252–1020259
20Section 03, Cassandra Payton PSUDEF 14A2026-03-240001628280-26-020810Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
21Section 07, pay ratioDEF 14A2026-03-240001628280-26-020810Section “CEO Pay Ratio”. As printed: 133 : 1. Filing ↗
22Section 08, Philip DonaldsonDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 354,168. Filing ↗machine: span 567064–567071
23Section 08, Angela DrakeDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 254,240. Filing ↗machine: span 568645–568652
24Section 08, James AndrasickDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 226,099. Filing ↗machine: span 560678–560685
25Section 08, Kenneth KnightDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 225,046. Filing ↗machine: span 572045–572052
26Section 08, Celeste Volz FordDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 225,046. Filing ↗machine: span 570304–570311
27Section 08, Chau BanksDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 222,633. Filing ↗machine: span 562274–562281
28Section 08, Felica ConeyDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 215,067. Filing ↗machine: span 563933–563940
29Section 08, Gary CusumanoDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 36,606. Filing ↗machine: span 564684–564690
30Section 08, Michael OloskyDEF 14A2026-03-240001628280-26-020810Section “Director Compensation”. As printed: 0. Filing ↗
31Section 06, 2026 voteForm 8-K2026-05-180001628280-26-035954Item 5.07 · say-on-pay result. As reported: 98.27% (votes for as printed: 36,669,378). Filing ↗
32Section 06, 2025 voteForm 8-K2025-05-120000920371-25-000097Item 5.07 · say-on-pay result. As reported: 97.55% (votes for as printed: 37,393,978). Filing ↗
33Section 06, 2024 voteForm 8-K2024-05-060000920371-24-000113Item 5.07 · say-on-pay result. As reported: 99.59% (votes for as printed: 36,910,868). Filing ↗
34Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 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
36Section 09b board cost (computed)ComputedcomputedCash 828,375 + equity 930,531 + all other 0 = 1,758,906, summed across the director compensation table rows.machine: formula: Σ = 1,758,906
37Louisiana-Pacific Corporation, Section 10b CEO totalDEF 14A2026-03-200001104659-26-032457CEO total compensation as printed in Louisiana-Pacific Corporation's own proxy. As printed: 13,523,822. Filing ↗machine: r11 · c41 · span 1289694–1289704
38Eagle Materials, Inc., Section 10b CEO totalDEF 14A2026-06-150001193125-26-271073CEO total compensation as printed in Eagle Materials, Inc.'s own proxy. As printed: 10,302,728. Filing ↗machine: t143 · r4 · c26 · span 1818301–1818311
39Advanced Drainage Systems, Inc, Section 10b CEO totalDEF 14A2026-06-030001604028-26-000024CEO total compensation as printed in Advanced Drainage Systems, Inc's own proxy. As printed: 9,780,935. Filing ↗machine: r2 · c48 · span 543974–543983
40Armstrong World Industries, Inc, Section 10b CEO totalDEF 14A2026-04-300001193125-26-193741CEO total compensation as printed in Armstrong World Industries, Inc's own proxy. As printed: 8,537,000. Filing ↗machine: r2 · c31 · span 849008–849017
41Simpson Manufacturing Co. (subject), Section 10b CEO totalDEF 14A2026-03-240001628280-26-020810CEO total compensation as printed in Simpson Manufacturing Co.'s own proxy. As printed: 7,768,355. Filing ↗machine: r2 · c21 · span 924542–924551
42Apogee Enterprises, Inc., Section 10b CEO totalDEF 14A2026-05-120000006845-26-000036CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. Filing ↗machine: r18 · c51 · span 853782–853791
43A.O. Smith Corporation, Section 10b CEO totalDEF 14A2026-03-040001193125-26-089938CEO total compensation as printed in A.O. Smith Corporation's own proxy. As printed: 4,960,450. Filing ↗machine: t139 · r3 · c44 · span 652859–652868
44American Woodmark Corp., Section 10b CEO totalDEF 14A2025-06-250000794619-25-000063CEO total compensation as printed in American Woodmark Corp.'s own proxy. As printed: 4,886,047. Filing ↗machine: span 397216–397225
45Gibraltar Industries, Inc., Section 10b CEO totalDEF 14A2026-04-060000912562-26-000083CEO total compensation as printed in Gibraltar Industries, Inc.'s own proxy. As printed: 4,731,001. Filing ↗machine: t256 · r4 · c11 · span 854722–854731
46Section 10a, Gibraltar Industries, Inc. reciprocityDEF 14A0000912562-26-000083Gibraltar Industries, Inc. names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Armstrong World Industries, Inc reciprocityDEF 14A0001193125-26-193741Armstrong World Industries, Inc names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, American Woodmark Corp. reciprocityDEF 14A0000794619-25-000063American Woodmark Corp. names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Apogee Enterprises, Inc. reciprocityDEF 14A0000006845-26-000036Apogee Enterprises, Inc. names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Louisiana-Pacific Corporation reciprocityDEF 14A0001104659-26-032457Louisiana-Pacific Corporation names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Advanced Drainage Systems, Inc reciprocityDEF 14A0001604028-26-000024Advanced Drainage Systems, Inc names Simpson Manufacturing Co. in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Eagle Materials, Inc. reciprocityDEF 14A0001193125-26-271073Eagle Materials, Inc.'s most recent proxy was read; its disclosed peer group does not include Simpson Manufacturing Co.. Filing ↗