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Industrials & Aerospace

DONALDSON Co Executive Compensation (FY26)

DCI · Bloomington, MN · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Richard Lewis
Median of the other named officers
$2,275,203
6 officers, excluding the chief executive
Latest say-on-pay support
=
November 21, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of November 1, 2026Latest filing (DEF 14A): October 6, 2026
14 filings cited on this page
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385 figures on this page: 375 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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 — Richard Lewis: $2,134,248 → $5,195,987 (143.5% higher)
Say-on-pay support: 94.5% → 93.6% (0.9 points lower)
CEO pay ratio: 140:1 → 135:1 (3.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is DONALDSON Co's chief executive and what were they paid?
Richard Lewis was paid $5,195,987 in total compensation as President and Chief Executive Officer for fiscal 2026. Lewis' total moved 143.5% higher from the $2,134,248 reported for fiscal 2025.
What was DONALDSON Co's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.6% of votes cast for or against in favor at the meeting held November 21, 2025 for fiscal 2025.
Which companies are in DONALDSON Co's peer group?
The disclosed peer group names A. O. Smith Corporation, AMETEK, Inc., Crane Company, ESAB Corporation and Flowserve Corporation, among others.
What is DONALDSON Co's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2026 is 135:1, against median employee compensation of $50,617.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod Carpenter
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
Scott Robinson
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Thomas Scalf
Senior Vice President, Engine Products
◇—◇◇◇—◇◇
Jeffrey Spethmann
Senior Vice President, Industrial Products
◇—◇◇◇—◇◇
Richard Lewis
Senior Vice President, Industrial Products
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod Carpenter
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Scott Robinson
Chief Financial Officer
◇—◇◇◇—◇◇
Thomas Scalf
President, Enterprise Operations and Supply Chain
◇—◇◇◇◇◇◇
Richard Lewis
President, Mobile Solutions
◇—◇◇◇—◇◇
Amy Becker
Chief Legal Officer and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod Carpenter
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Scott Robinson
Chief Financial Officer
◇—◇◇◇—◇◇
Richard Lewis
President, Life Sciences
◇—◇◇◇◇◇◇
Thomas Scalf
President, Enterprise Operations & Supply Chain
◇—◇◇◇◇◇◇
Amy Becker
Chief Legal Officer and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod Carpenter
Chairman, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Richard Lewis
Chief Operating Officer
◇—◇◇◇◇◇◇
Bradley Pogalz
Chief Financial Officer
◇—◇◇◇—◇◇
Scott Robinson
Former Chief Financial Officer
Departed during or after this year
◇—◇◇◇—◇◇
Thomas Scalf
Former President, Enterprise Operations & Supply Chain
Departed during or after this year
◇—◇◇◇◇◇◇
Amy Becker
Chief Legal Officer and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod Carpenter
Executive Chairman
◇—◇◇◇◇◇◇
Richard Lewis
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Bradley Pogalz
Chief Financial Officer
◇—◇◇◇—◇◇
Andrew Dahlgren
Former President, Mobile Solutions
Departed during or after this year
◇——◇—◇◇◇
Bart Driesen
President, Mobile Solutions
◇—◇◇◇◇◇◇
Guillermo Briseño
Former President, Industrial Solutions
Departed during or after this year
◇—◇◇——◇◇
Amy Becker
Chief Legal Officer and Corporate 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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amy C. BeckerOPTION◇——◇—◇◇
Amy C. BeckerPSU◇◇◇—◇—◇
Bart DriesenPSU◇◇◇—◇—◇
Bart DriesenOPTION◇——◇—◇◇
Bradley J. PogalzPSU◇◇◇—◇—◇
Bradley J. PogalzOPTION◇——◇—◇◇
Guillermo BriseñoPSU◇◇◇—◇—◇
Guillermo BriseñoOPTION◇——◇—◇◇
Richard B. LewisPSU◇◇◇—◇—◇
Richard B. LewisOPTION◇——◇—◇◇
Richard B. LewisPSU◇◇◇—◇—◇
Richard B. LewisOPTION◇——◇—◇◇
Tod E. CarpenterOPTION◇——◇—◇◇
Tod E. CarpenterPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Tod CarpenterOption◇—◇10/1/2035
Option◇—◇10/1/2034
Option◇—◇9/21/2033
PSU◇◇——
Richard LewisOption◇—◇10/1/2035
PSU◇◇——
Option◇—◇3/2/2036
Option◇—◇10/1/2034
Option◇—◇9/21/2033
PSU◇◇——
Bradley PogalzOption◇—◇10/1/2035
PSU◇◇——
Option◇—◇12/4/2034
PSU◇◇——
Option◇—◇10/1/2034
Option◇—◇9/21/2033
Amy BeckerOption◇—◇10/1/2035
Option◇—◇10/1/2034
Option◇—◇9/21/2033
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Amy Becker
Chief Legal Officer and Corporate Secretary · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Excise tax treatment◇
Bradley Pogalz
Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇
Change-in-control multiple◇
Excise tax treatment◇
Richard Lewis
President and Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Tod E. Carpenter
Board chair
——◇———◇
Richard B. Lewis
——◇———◇
Christopher M. Hilger
Lead independent director
—◇◇———◇
Trudy A. Rautio
—◇◇———◇
Ajita G. Rajendra
◇◇◇———◇
Daniel P. Shine
◇◇◇———◇
Jacinth C. Smiley
—◇◇———◇
James J. Owens
—◇◇———◇
Pilar Cruz
◇◇◇———◇
Douglas A. Milroy
◇◇◇———◇
Richard M. Olson
◇◇◇———◇
Willard D. Oberton
◇—————◇
Simon A. Meester 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◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Stock Options and 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
  • A. O. Smith Corporation AOS
  • AMETEK, Inc. AME
  • Crane Company CXT
  • ESAB Corporation ESAB
  • Flowserve Corporation FLS
  • Graco Inc. GGG
  • Hubbell Inc. HUBB
  • IDEX Corporation IEX
  • ITT Inc. ITT
  • Kennametal Inc. KMT
  • Lincoln Electric Holdings, Inc. LECO
  • Nordson Corporation NDSN
  • Pentair plc PNR
  • Regal Rexnord Corporation RRX
  • Snap-On Inc. SNA
  • SPX Corporation SPXC
  • The Timken Company TKR
  • The Toro Company TTC
  • Watts Water Technologies, Inc. WTS
  • Woodward, Inc. WWD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025November 21, 2025=◇◇◇
2024November 22, 2024=◇◇◇
2023November 22, 2024=◇◇◇
2022November 17, 2023=◇◇◇
2021November 18, 2022=◇◇◇
2020November 19, 2021=◇◇◇
2019November 20, 2020=◇◇◇
2018November 22, 2019=◇◇◇
2017November 30, 2018=◇◇◇
2016November 17, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Richard Lewis (President and Chief Executive Officer), FY2026 total compensation $5,195,987 (base salary $883,423) [exec_comp, SEC accession 0000029644-26-000115, filed 2026-10-06]

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What this page does not include

Everything above is a fact DONALDSON Co disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where DONALDSON Co 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.
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Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
385 figures on this page: 375 cited to the filing that reported them, 10 calculated from figures it prints.
375 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000029644-26-000115
    DIRECTOR COMPENSATION · Grants of Plan-Based Awards Table · Outstanding Equity Awards at 202 · Pay Ratio Disclosure · and 1 more section
  2. 0000029644-25-000133
  3. 0000029644-25-000120
    Compensation Discussion and Analysis · Summary Compensation Table
  4. 0000029644-24-000174
  5. 0000029644-24-000132
    Summary Compensation Table
  6. 0000029644-23-000124
  7. 0000029644-23-000108
    Summary Compensation Table
  8. 0000029644-22-000135
  9. 0000029644-22-000113
    Summary Compensation Table
  10. 0000029644-21-000038
  11. 0001628280-20-016712
  12. 0000029644-19-000036
  13. 0000029644-18-000030
  14. 0000029644-17-000024
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Velarion, “DONALDSON Co executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/DCI (accessed 2026).
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14 filings cited on this page
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers DONALDSON Co discloses

The companies named in DCI's own disclosed peer group.

A. O. Smith CorporationAMETEK, Inc.Crane CompanyESAB CorporationFlowserve CorporationGraco Inc.Hubbell Inc.IDEX CorporationITT Inc.Kennametal Inc.Lincoln Electric Holdings, Inc.Nordson CorporationPentair plcRegal Rexnord CorporationSnap-On Inc.SPX CorporationThe Timken CompanyThe Toro CompanyWatts Water Technologies, Inc.Woodward, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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