Lincoln Electric Holdings Executive Compensation (FY25)
LECO · Cleveland, OH · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Lincoln Electric Holdings
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): April 21, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
365 figures on this page: 356 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
More on Lincoln Electric Holdings
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 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Steven Hedlund: $7,356,657 → $8,394,536 (14.1% higher)
Say-on-pay support: 97.3% → 96.8% (0.5 points lower)
CEO pay ratio: 150:1 → 148:1 (1.3% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lincoln Electric Holdings' chief executive and what were they paid?
Total compensation for Steven Hedlund, Chairman and Chief Executive Officer, came to $8,394,536 in fiscal 2025. Hedlund's total moved 14.1% higher from the $7,356,657 reported for fiscal 2024.
What was Lincoln Electric Holdings' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.8% of votes cast including abstentions in favor at the meeting held April 17, 2026 for fiscal 2025.
Which companies are in Lincoln Electric Holdings' peer group?
The disclosed peer group names Ametek Inc., Carlisle Companies Inc., Crane Co., Donaldson Company, Inc. and Dover Corporation, among others.
What is Lincoln Electric Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 148:1, against median employee compensation of $56,679.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Christopher Mapes Executive Chair | ◇ | — | ◇ | — | ◇ | ◇ | — | ◇† |
Steven Hedlund Chairman and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Gabriel Bruno Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Jennifer Ansberry Executive Vice President, General Counsel and Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Hedlund Chairman and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Gabriel Bruno Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Jennifer Ansberry Executive Vice President, General Counsel and Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michele Kuhrt Executive Vice President, Chief Human Resources Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Hedlund Chairman and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Christopher Mapes Executive Chair | ◇ | — | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Gabriel Bruno Executive Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Jennifer Ansberry Executive Vice President, General Counsel and Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Whitehead Executive Vice President, President, Americas Welding | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Susan Edwards Executive Vice President, Chief Human Resources Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michele Kuhrt Executive Vice President, Chief Transformation Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
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 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christopher L. Mapes | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Christopher L. Mapes | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Christopher L. Mapes | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Christopher L. Mapes | — | ◇ | — | — | ◇ | — | — | ◇ |
| Gabriel Bruno | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Gabriel Bruno | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Gabriel Bruno | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Gabriel Bruno | Options/SARs | ◇ | — | — | ◇ | — | — | ◇ |
| Jennifer I. Ansberry | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Jennifer I. Ansberry | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Jennifer I. Ansberry | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael J. Whitehead | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Michael J. Whitehead | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael J. Whitehead | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Michele R. Kuhrt | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Michele R. Kuhrt | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michele R. Kuhrt | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Steven B. Hedlund | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Steven B. Hedlund | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Steven B. Hedlund | Options/SARs | ◇ | — | — | ◇ | — | — | ◇ |
| Steven B. Hedlund | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Steven B. Hedlund | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Steven B. Hedlund | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Susan C. Edwards | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Susan C. Edwards | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Susan C. Edwards | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
Fiscal 2024 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 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Michael Whitehead | Option | ◇ | — | ◇ | 2/15/2033 |
| Option | ◇ | — | ◇ | 2/20/2034 | |
| Option | ◇ | — | ◇ | 2/19/2035 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Steven Hedlund | Option | ◇ | — | ◇ | 8/1/2033 |
| Option | ◇ | — | ◇ | 2/15/2033 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/19/2035 | |
| Option | ◇ | — | ◇ | 2/20/2034 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Susan Edwards | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 4/8/2034 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/19/2035 | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jennifer Ansberry | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 2/20/2034 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/15/2033 | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/19/2035 | |
| Gabriel Bruno | Option | ◇ | — | ◇ | 2/20/2034 |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/19/2035 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 2/15/2033 |
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.
Gabriel Bruno
Executive Vice President, Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Jennifer Ansberry
Executive Vice President, General Counsel and Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Michael Whitehead
Executive Vice President, President, Americas Welding · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Steven Hedlund
Chairman and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Susan Edwards
Executive Vice President, Chief Human Resources Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
N. Joy Falotico | ◇ | ◇ | — | — | — | ◇ | ◇ |
Curtis E. Espeland Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Patrick P. Goris | ◇ | ◇ | — | — | ◇ | — | ◇ |
Michael F. Hilton | ◇ | ◇ | — | — | ◇ | — | ◇ |
Phillip J. Mason | ◇ | ◇ | — | — | — | — | ◇ |
Marc A. Howze | ◇ | ◇ | — | — | — | — | ◇ |
Kathryn Jo Lincoln | ◇ | ◇ | — | — | ◇ | — | ◇ |
Ben P. Patel | ◇ | ◇ | — | — | ◇ | — | ◇ |
Brian D. Chambers | ◇ | ◇ | — | — | ◇ | — | ◇ |
Bonnie J. Fetch | ◇ | ◇ | — | — | ◇ | — | ◇ |
Kellye L. Walker and Steven B. Hedlund served on the board in fiscal 2025 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 | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual board retainer ($550,000) or 2,296 shares
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ametek Inc. AME
- Carlisle Companies Inc. CSL
- Crane Co. CR
- Donaldson Company, Inc. DCI
- Dover Corporation DOV
- ESAB Corporation ESAB
- Flowserve Corporation FLS
- Fortive Corporation FTV
- Graco Inc. GGG
- IDEX Corporation IEX
- Ingersoll Rand Inc. IR
- ITT Inc. ITT
- Kennametal Inc. KMT
- Nordson Corporation NDSN
- Regal Rexnord Corporation RRX
- Snap-On, Inc. SNA
- Terex Corporation TEX
- The Timken Company TKR
- The Toro Company TTC
- Woodward Inc. WWD
- Xylem Corporation XYL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 17, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 24, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 19, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 19, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 21, 2022 | = | ◇ | ◇ | ◇ |
| 2018 | April 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 19, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 20, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 21, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Lincoln Electric Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lincoln Electric Holdings 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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
365 figures on this page: 356 cited to the filing that reported them, 9 calculated from figures it prints.
356 cited to the filing
9 calculated from the filing
Documents cited
- 0001193125-26-166965Item 5.07 Submission of Matters to a Vote of Security Holders
- 0002071876-26-0000322024 Grants of Plan-Based Awards Table · 2025 Director Compensation Table · 2025 SUMMARY COMPENSATION TABLE · CEO Pay Ratio · and 3 more sections
- 0001193125-25-098318Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001171200-25-0000802024 Grants of Plan-Based Awards Table · 2024 SUMMARY COMPENSATION TABLE · Summary Compensation Table
- 0001193125-24-105916Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-24-0137082023 Summary Compensation Table
- 0001193125-23-110581Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-22-117646Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-19-122460
- 0001193125-18-126849
- 0001193125-17-139497
- 0001193125-16-555365
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This page is free to cite. Attribution we ask for:
Velarion, “Lincoln Electric Holdings executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LECO (accessed 2026).
Short form: data: Velarion
The paid brief for Lincoln Electric Holdings
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Lincoln Electric Holdings discloses
The companies named in LECO's own disclosed peer group.
Ametek Inc.Carlisle Companies Inc.Crane Co.Donaldson Company, Inc.Dover CorporationESAB CorporationFlowserve CorporationFortive CorporationGraco Inc.IDEX CorporationIngersoll Rand Inc.ITT Inc.Kennametal Inc.Nordson CorporationRegal Rexnord CorporationSnap-On, Inc.Terex CorporationThe Timken CompanyThe Toro CompanyWoodward Inc.Xylem Corporation
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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}
}