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Sherwin-Williams Executive Compensation (FY25)

SHW · Cleveland, OH · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Heidi Petz
Latest say-on-pay support
=
April 22, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): April 24, 2026
14 filings cited on this page
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383 figures on this page: 373 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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 — Heidi Petz: $12,992,297 → $14,914,317 (14.8% higher)
Say-on-pay support: 91.1% → 92.2% (1.1 points higher)
CEO pay ratio: 232:1 → 248:1 (6.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sherwin-Williams' chief executive and what were they paid?
Heidi Petz, Chair of the Board, President and CEO, received $14,914,317 in total compensation for fiscal 2025. Petz's total moved 14.8% higher from the $12,992,297 reported for fiscal 2024.
What was Sherwin-Williams' say-on-pay result?
Shareholders supported the say-on-pay proposal with 92.2% of votes cast for or against in favor at the meeting held April 22, 2026 for fiscal 2025.
Which companies are in Sherwin-Williams' peer group?
Companies named in the disclosed peer group include 3M Company, Akzo Nobel N.V., Caterpillar Inc., Colgate-Palmolive Company and Cummins Inc., among others.
What is Sherwin-Williams' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 248:1, against median employee compensation of $60,049.

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
John Morikis
Chairman & Chief Executive Officer
◇—◇◇◇—◇◇
Allen Mistysyn
Senior Vice President, Finance and Chief Financial Officer
◇—◇◇◇—◇◇
Heidi Petz
President and Chief Operating Officer
◇—◇◇◇—◇◇
Justin Binns
President, The Americas Group
◇—◇◇◇—◇◇
Karl Jorgenrud
President, Performance Coatings Group
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Morikis
Executive Chairman
◇—◇◇◇—◇◇
Heidi Petz
President and CEO
◇—◇◇◇—◇◇
Allen Mistysyn
Senior Vice President Finance and CFO
◇—◇◇◇—◇◇
Justin Binns
President, Global Architectural
◇—◇◇◇—◇◇
Karl Jorgenrud
President, Global Industrial
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Heidi Petz
Chair of the Board, President and CEO
◇—◇◇◇—◇◇
John Morikis
Executive Chairman
◇—◇◇◇—◇◇
Allen Mistysyn
Senior Vice President Finance and Chief Financial Officer
◇—◇◇◇—◇◇
Karl Jorgenrud
President, Global Industrial
◇—◇◇◇—◇◇
Justin Binns
President, Global Architectural
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Heidi Petz
Chair of the Board, President and CEO
◇—◇◇◇—◇◇
Allen Mistysyn
Former Senior Vice President - Finance and CFO
Departed during or after this year
◇—◇◇◇—◇◇
Karl Jorgenrud
President, Global Industrial
◇—◇◇◇—◇◇
Justin Binns
President, Global Architectural
◇—◇◇◇—◇◇
Mary Garceau
Senior Vice President Chief Legal Officer 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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Allen MistysynPSU◇◇◇—◇—◇
Allen MistysynPSU◇◇◇—◇—◇
Allen MistysynOPTION◇——◇—◇◇
Heidi PetzOPTION◇——◇—◇◇
Heidi PetzPSU◇◇◇—◇—◇
Heidi PetzPSU◇◇◇—◇—◇
Justin BinnsPSU◇◇◇—◇—◇
Justin BinnsPSU◇◇◇—◇—◇
Justin BinnsOPTION◇——◇—◇◇
Karl JorgenrudPSU◇◇◇—◇—◇
Karl JorgenrudPSU◇◇◇—◇—◇
Karl JorgenrudOPTION◇——◇—◇◇
Mary GarceauOPTION◇——◇—◇◇
Mary GarceauPSU◇◇◇—◇—◇
Mary GarceauPSU◇◇◇—◇—◇
Fiscal 2023, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Allen MistysynOption◇—◇10/19/2035
RSU◇◇——
Option◇—◇10/14/2034
PSU◇◇——
PSU◇◇——
Option◇—◇10/12/2033
RSU◇◇——
Heidi PetzOption◇—◇10/14/2034
Option◇—◇10/19/2035
PSU◇◇——
Option◇—◇10/12/2033
RSU◇◇——
RSU◇◇——
PSU◇◇——
Mary GarceauOption◇—◇10/14/2034
Option◇—◇10/19/2035
RSU◇◇——
Option◇—◇10/12/2033
RSU◇◇——
PSU◇◇——
Karl JorgenrudRSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇10/12/2033
Option◇—◇10/19/2035
PSU◇◇——
Option◇—◇10/14/2034
Justin BinnsOption◇—◇10/19/2035
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇10/12/2033
PSU◇◇——
Option◇—◇10/14/2034
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.
Allen Mistysyn
Former Senior Vice President - Finance and CFO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Heidi Petz
Chair of the Board, President and CEO · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Justin Binns
President, Global Architectural · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Karl Jorgenrud
President, Global Industrial · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Mary Garceau
Senior Vice President Chief Legal Officer and Secretary · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeff M. Fettig
Lead independent director
◇◇———◇◇
Marta R. Stewart
◇◇———◇◇
Kerrii B. Anderson
◇◇———◇◇
Matthew Thornton III
◇◇———◇◇
Thomas L. Williams
◇◇———◇◇
Michael H. Thaman
◇◇———◇◇
Aaron M. Powell
◇◇———◇◇
Robert J. Gamgort
◇◇———◇◇
Arthur F. Anton
◇◇———◇◇
Christine A. Poon
◇◇———◇◇
John G. Morikis
◇————◇◇
Heidi G. Petz 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◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Board meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Akzo Nobel N.V. AKZOY
  • Caterpillar Inc. CAT
  • Colgate-Palmolive Company CL
  • Cummins Inc. CMI
  • Deere & Company DE
  • Dow Inc. DOW
  • DuPont de Nemours, Inc. DD
  • Eaton Corporation plc ETN
  • Ecolab Inc. ECL
  • Honeywell International Inc. HON
  • International Paper Company IP
  • Johnson Controls International plc JCI
  • Kimberly-Clark Corporation KMB
  • Linde plc LIN
  • LyondellBasell Industries N.V. LYB
  • Masco Corporation MAS
  • Parker Hannifin Corporation PH
  • PPG Industries, Inc. PPG
  • Smurfit Westrock plc SW
  • The Goodyear Tire & Rubber Company GT
  • Whirlpool Corporation WHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 22, 2026=◇◇◇
2024April 16, 2025=◇◇◇
2023April 17, 2024=◇◇◇
2022April 19, 2023=◇◇◇
2021April 20, 2022=◇◇◇
2020April 21, 2021=◇◇◇
2019April 22, 2020=◇◇◇
2018April 17, 2019=◇◇◇
2017April 18, 2018=◇◇◇
2016April 19, 2017=◇◇◇

Chief executive pay ratio

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

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- Heidi Petz (Chair of the Board, President and CEO), FY2025 total compensation $14,914,317 (base salary $1,373,077) [exec_comp, SEC accession 0000089800-26-000025, filed 2026-03-11]

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What this page does not include

Everything above is a fact Sherwin-Williams disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sherwin-Williams 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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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.
383 figures on this page: 373 cited to the filing that reported them, 10 calculated from figures it prints.
373 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000089800-26-000031
    Proposal 2 . The shareholders approved, on an advisory basis, the compensation of the named executive officers.
  2. 0000089800-26-000025
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation Table · Grants of Plan-Based Awards Table · and 2 more sections
  3. 0000089800-25-000076
    Proposal 2 . The shareholders approved, on an advisory basis, the compensation of the named executive officers.
  4. 0001193125-25-047877
    Summary Compensation Table
  5. 0000089800-24-000082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-060015
    Summary Compensation Table
  7. 0000089800-23-000009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-063893
    Summary Compensation Table
  9. 0000089800-22-000009
  10. 0001193125-21-130392
    Say-on-Pay Proposal
  11. 0001193125-20-120217
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-112785
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-18-125910
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-133472
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Sherwin-Williams executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SHW (accessed 2026).
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14 filings cited on this page
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Peers Sherwin-Williams discloses

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

3M CompanyCaterpillar Inc.Colgate-Palmolive CompanyCummins Inc.Deere & CompanyDow Inc.DuPont de Nemours, Inc.Eaton Corporation plcEcolab Inc.Honeywell International Inc.International Paper CompanyJohnson Controls International plcKimberly-Clark CorporationLinde plcLyondellBasell Industries N.V.Masco CorporationParker Hannifin CorporationPPG Industries, Inc.Smurfit Westrock plcThe Goodyear Tire & Rubber CompanyWhirlpool Corporation

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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