Materials & Chemicals
CSW Industrials Executive Compensation (FY26)
CSW · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026 ◇ Joseph Armes | Latest say-on-pay support = August 27, 2026 | Chief executive pay ratio ◇ To the median employee |
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Data as of November 12, 2026Latest filing (8-K): August 31, 2026
14 filings cited on this page
Method: intel.velarion.ai/methodology
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286 figures on this page: 275 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
More on CSW Industrials
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Joseph Armes: $6,330,479 → $7,273,615 (14.9% higher)
CEO pay ratio: 178:1 → 194.6:1 (9.3% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is CSW Industrials' chief executive and what were they paid?
Total compensation for Joseph Armes, Chairman, CEO and President, came to $7,273,615 in fiscal 2026. Compared with the $6,330,479 reported for fiscal 2025, Armes' total was 14.9% higher.
What was CSW Industrials' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.8% of votes cast for or against in favor at the meeting held August 27, 2026 for fiscal 2026.
Which companies are in CSW Industrials' peer group?
Companies named in the disclosed peer group include AAON, Inc., Armstrong World Industries, Inc., AZZ Inc., Barnes Group Inc. and Columbus McKinnon Corp., among others.
What is CSW Industrials' chief executive pay ratio?
The company reported a chief executive pay ratio of 194.6:1 for fiscal 2026, against median employee compensation of $37,371.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Armes Chairman, CEO and President | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇† |
Donal Sullivan Executive VP, GM, Contractor Solutions | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
James Perry Executive VP CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Luke Alverson Senior VP General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Armes Chairman, CEO and President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Donal Sullivan Executive VP, GM, Contractor Solutions | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Perry Executive VP, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Luke Alverson Senior VP, General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Armes Chairman, CEO and President | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Donal Sullivan Executive VP Chief Strategy Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
James Perry Executive VP, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Luke Alverson Senior VP, General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Danielle Garde Senior VP, Chief People Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Armes Chairman, CEO and President | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
James Perry Executive VP, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Donal Sullivan Executive VP Chief Strategy Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Luke Alverson Senior VP, General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeff Underwood Senior VP & GM, Contractor Solutions | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Joseph Armes Chairman, CEO and President | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
James Perry Executive VP, CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeff Underwood Executive VP & GM, Contractor Solutions | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Danielle Garde Senior VP, Chief People Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Luke Alverson Senior VP, General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Danielle R. Garde | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Danielle R. Garde | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James E. Perry | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James E. Perry | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jeff A. Underwood | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeff A. Underwood | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Joseph B. Armes | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Joseph B. Armes | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Luke E. Alverson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Luke E. Alverson | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2022, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Joseph Armes | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| James Perry | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jeff Underwood | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Luke Alverson | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Danielle Garde | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2026
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Linda A. Livingstone Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
J. Kent Sweezey | ◇ | ◇ | — | — | — | — | ◇ |
Anne B. Motsenbocker | ◇ | ◇ | — | — | — | — | ◇ |
Terry L. Johnston | ◇ | ◇ | — | — | — | — | ◇ |
Darron K. Ash | ◇ | ◇ | — | — | — | — | ◇ |
Bobby Griffin | ◇ | ◇ | — | — | — | — | ◇ |
Michael R. Gambrell | ◇ | ◇ | — | — | — | — | ◇ |
Robert M. Swartz | ◇ | — | — | — | — | — | ◇ |
Joseph B. Armes served on the board in fiscal 2026 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
- AAON, Inc. AAON
- Armstrong World Industries, Inc. AWI
- AZZ Inc. AZZ
- Barnes Group Inc. B
- Columbus McKinnon Corp. CMCO
- EnPro Industries, Inc. NPO
- ESCO Technologies Inc. ESCO
- Franklin Electric Co., Inc. FELE
- Gibraltar Industries, Inc. ROCK
- Helios Technologies, Inc. HLIO
- Innospec Inc. IOSP
- Kadant Inc. KAI
- Mueller Water Products, Inc. MWA
- SPX Technologies, Inc. SPXC
- Standex International Corp. SXI
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2026 | August 27, 2026 | = | ◇ | ◇ | ◇ |
| 2025 | August 28, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | August 15, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | August 24, 2023 | = | ◇ | ◇ | ◇ |
| 2022 | August 25, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | August 25, 2021 | = | ◇ | ◇ | ◇ |
| 2020 | August 14, 2020 | = | ◇ | ◇ | ◇ |
| 2019 | August 13, 2019 | = | ◇ | ◇ | ◇ |
| 2018 | August 14, 2018 | = | ◇ | ◇ | ◇ |
| 2017 | August 15, 2017 | = | ◇ | ◇ | ◇ |
| 2016 | August 8, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Ask our research desk — $99, 24h, every figure cited to its filing.
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- Joseph Armes (Chairman, CEO and President), FY2026 total compensation $7,273,615 (base salary $925,000) [exec_comp, SEC accession 0001193125-26-306099, filed 2026-07-16]What this page does not include
Everything above is a fact CSW Industrials disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CSW Industrials sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $299Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $299Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $299Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
286 figures on this page: 275 cited to the filing that reported them, 11 calculated from figures it prints.
275 cited to the filing
11 calculated from the filing
Documents cited
- 0001624794-26-0000512. Advisory Vote on Executive Compensation
- 0001193125-26-3060992026 Grants of Plan-Based Awards · CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at Year-End 2026 · and 1 more section
- 0001624794-25-0000852. Advisory Vote on Executive Compensation
- 0001193125-25-160208Summary Compensation Table
- 0001624794-24-000064Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001624794-23-000075Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001624794-22-000070Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001308179-22-000341Summary Compensation Table
- 0001624794-21-0000722. Advisory Vote on Executive Compensation
- 0001624794-20-0000742. Advisory Vote on Executive Compensation
- 0001624794-19-000043Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-2492672. Advisory Vote on Executive Compensation
- 0001193125-17-259411Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-676118Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “CSW Industrials executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/CSW (accessed 2026).
Short form: data: Velarion
The paid brief for CSW Industrials
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$299 for the Executive Compensation Report. Both reports for $449.
14 filings cited on this page
Method: intel.velarion.ai/methodology
If a report fails to generate we keep working until you have it. No refunds on one-time reports.
Published by Velarion Company Intelligence
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Materials & Chemicals rankings
Peers CSW Industrials discloses
The companies named in CSW's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}