Industrials & Aerospace
Valmont Industries Executive Compensation (FY25)
VMI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Avner Applbaum | Median of the other named officers $1,906,750 5 officers, excluding the chief executive | Latest say-on-pay support = April 27, 2026 |
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Data as of November 5, 2026Latest filing (EX-10): June 1, 2026
9 filings cited on this page
Method: intel.velarion.ai/methodology
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287 figures on this page: 284 cited to the filing that reported them, 3 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 — Avner Applbaum: $7,639,710 → $7,762,266 (1.6% higher)
Say-on-pay support: 96.6% → 95.3% (1.3 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Valmont Industries' chief executive and what were they paid?
Total compensation for Avner Applbaum, President and Chief Executive Officer, came to $7,762,266 in fiscal 2025. Applbaum's total was 1.6% higher than the $7,639,710 reported for fiscal 2024.
What was Valmont Industries' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.3% of votes cast for or against in favor at the meeting held April 27, 2026.
Which companies are in Valmont Industries' peer group?
Companies named in the disclosed peer group include Acuity Brands, Arcosa, Barnes Group, Belden and Carlisle Companies, among others.
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 |
|---|---|---|---|---|---|---|---|---|
Stephen Kaniewski President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Aaron Schapper Group President, Infrastructure | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Avner Applbaum Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Diane Larkin Executive Vice President Global Operations | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | — not reconciled |
T. Mitchell Parnell Executive Vice President Human Resources | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Stephen Kaniewski Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Avner Applbaum President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Aaron Schapper Group President Agriculture | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
J. Timothy Donahue Former Group President Infrastructure | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Diane Larkin Executive Vice President Global Operations | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Timothy Francis Interim Chief Financial Officer Served on an interim basis | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Avner Applbaum President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
J. Timothy Donahue Former Group President Infrastructure | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Aaron Schapper Former Group President Agriculture Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
T. Mitchell Parnell Former Executive Vice President Human Resources Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Thomas Liguori Executive Vice-President And Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Diane Larkin Executive Vice President Global Operations | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Timothy Francis Chief Accounting Officer and former Interim Chief Financial Officer Served on an interim basis | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
R. Andrew Massey Chief Legal Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Avner Applbaum President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Thomas Liguori Executive Vice-President And Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
J. Timothy Donahue Former Group President Infrastructure Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Colwell President Infrastructure – Utility, L&T, Coatings | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Darryl Matthews Group President Agriculture | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Gregory Turi President Infrastructure – Telecommunications and International | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
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 |
|---|---|---|---|---|---|---|---|---|
| Avner M. Applbaum | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Christopher Colwell | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Darryl Matthews | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Gregory Turi | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Thomas Liguori | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2022, 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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Avner Applbaum | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 07/31/2033 | |
| Option | ◇ | — | ◇ | 12/11/2033 | |
| Option | ◇ | — | ◇ | 12/16/2034 | |
| Option | ◇ | — | ◇ | 12/15/2035 | |
| PSU | ◇ | ◇ | — | — | |
| Christopher Colwell | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/15/2035 | |
| Thomas Liguori | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/16/2034 | |
| Option | ◇ | — | ◇ | 12/15/2035 | |
| PSU | ◇ | ◇ | — | — | |
| Darryl Matthews | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/16/2034 | |
| Option | ◇ | — | ◇ | 12/15/2035 | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Gregory Turi | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/15/2035 | |
| 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.
Avner Applbaum
President and Chief Executive Officer · Terms as described in the company’s compensation discussion
| Excise tax treatment | ◇ |
| Clawback | ◇ |
Christopher Colwell
President Infrastructure – Utility, L&T, Coatings · Terms as described in the company’s compensation discussion
| Severance base | ◇ |
Darryl Matthews
Group President Agriculture · Terms as described in the company’s compensation discussion
| Severance base | ◇ |
J. Timothy Donahue
Former Group President Infrastructure · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance base | ◇ |
Thomas Liguori
Executive Vice-President And Chief Financial Officer · Severance agreement
| Severance base | ◇ |
| Severance cash amount | ◇ |
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
| Non-compete period | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
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 |
|---|---|---|---|---|---|---|---|
Mogens C. Bay Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Catherine James Paglia Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Daniel P. Neary | ◇ | ◇ | — | — | — | — | ◇ |
James B. Milliken | ◇ | ◇ | — | — | — | — | ◇ |
Ritu Favre | ◇ | ◇ | — | — | — | — | ◇ |
Joan Robinson-Berry | ◇ | ◇ | — | — | — | — | ◇ |
Richard A. Lanoha | ◇ | ◇ | — | — | — | — | ◇ |
Deborah H. Caplan | ◇ | ◇ | — | — | — | — | ◇ |
Theo W. Freye | ◇ | ◇ | — | — | — | — | ◇ |
Kaj den Daas | ◇ | — | — | — | — | — | ◇ |
Avner M. Applbaum and Paul T. Maass 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 | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Acuity Brands AYI
- Arcosa ACA
- Barnes Group B
- Belden BDC
- Carlisle Companies CSL
- Comfort Systems FIX
- Crane Co. CR
- First Solar FSLR
- FlowServe Corporation FLS
- Hubbell HUBB
- Pentair PNR
- Qorvo QRVO
- Regal Rexnord RRX
- Snap-on SNA
- Toro Company TTC
- Watts Water Technologies WTS
- Xylem XYL
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 27, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 28, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 6, 2024 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Avner Applbaum (President and Chief Executive Officer), FY2025 total compensation $7,762,266 (base salary $1,052,000) [exec_comp, SEC accession 0001104659-26-026141, filed 2026-03-11]What this page does not include
Everything above is a fact Valmont Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Valmont Industries 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 — $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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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.
287 figures on this page: 284 cited to the filing that reported them, 3 calculated from figures it prints.
284 cited to the filing
3 calculated from the filing
Documents cited
- 0001104659-26-068929Exhibit
- 0000102729-26-000020
- 0001104659-26-026141Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation table · Grants of Plan-Based Awards
- 0000102729-25-000017
- 0001104659-25-022798Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
- 0000102729-24-000025
- 0001104659-24-038520Summary Compensation Table
- 0001104659-23-032029
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Valmont Industries executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VMI (accessed 2026).
Short form: data: Velarion
The Valmont Industries brief, $500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $900.
9 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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Industrials & Aerospace rankings
Peers Valmont Industries discloses
The companies named in VMI's own disclosed peer group.
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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}
}