Sherwin-Williams Management

Management criteria checks 2/4

Sherwin-Williams' CEO is Heidi Petz, appointed in Mar 2022, has a tenure of 2.67 years. total yearly compensation is $10.09M, comprised of 8.7% salary and 91.3% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €2.98M. The average tenure of the management team and the board of directors is 7.3 years and 5.6 years respectively.

Key information

Heidi Petz

Chief executive officer

US$10.1m

Total compensation

CEO salary percentage	8.7%
CEO tenure	2.7yrs
CEO ownership	0.003%
Management average tenure	7.3yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Heidi Petz's remuneration changed compared to Sherwin-Williams's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$10m	US$873k	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$4m	US$761k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$3m	US$560k	US$2b

Compensation vs Market: Heidi's total compensation ($USD10.09M) is above average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Heidi's compensation has increased by more than 20% in the past year.

CEO

Heidi Petz (49 yo)

2.7yrs

Tenure

US$10,085,512

Compensation

Ms. Heidi G. Petz is Independent Director of Ulta Beauty, Inc. from December 16, 2022. She has been the President of The Sherwin-Williams Company since March 1, 2022 and serves as its Chief Executive Offic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Morikis	Executive Chairman	9.1yrs	US$19.28m	0.17% € 158.3m
Heidi Petz	CEO, President & Director	2.7yrs	US$10.09m	0.0032% € 3.0m
Allen Mistysyn	Senior VP of Finance & CFO	7.8yrs	US$8.13m	0.029% € 26.7m
Justin Binns	President of Global Architectural	8.1yrs	US$4.89m	0.0064% € 6.0m
Karl Jorgenrud	President of Global Industrial	7.4yrs	US$4.75m	0.0039% € 3.7m
James Jaye	Senior Vice President of Investor Relations & Corporate Communications	7.1yrs	no data	0.0013% € 1.2m
Mary Garceau	Senior VP	7.3yrs	US$3.32m	0.012% € 10.9m
Karl Schmitt	Senior Vice President of Marketing	no data	no data	no data
Gregory Sofish	Senior Vice President - Human Resources	1.8yrs	no data	0.0047% € 4.4m
Peter Ippolito	President and GM of Industrial Wood Division - Performance Coatings Group	14yrs	US$3.93m	no data
Jane Cronin	Senior Vice President of Enterprise Finance	2.3yrs	no data	0.0097% € 9.1m
Brian Gallagher	President & GM Automotive Finishes Division Performance Coatings Group	no data	no data	no data

7.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SJ3's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Morikis	Executive Chairman	9.1yrs	US$19.28m	0.17% € 158.3m
Heidi Petz	CEO, President & Director	1.1yrs	US$10.09m	0.0032% € 3.0m
Christine Poon	Independent Director	10.6yrs	US$298.94k	0.0042% € 4.0m
Michael Thaman	Independent Director	7.6yrs	US$301.94k	0.0023% € 2.2m
Jeffrey Fettig	Lead Independent Director	5.6yrs	US$356.46k	0.0019% € 1.8m
Kerrii Anderson	Independent Director	5.6yrs	US$326.94k	0.0014% € 1.3m
Arthur Anton	Independent Director	18.6yrs	US$298.94k	0.017% € 15.6m
Marta Stewart	Independent Director	3.3yrs	US$301.54k	0.00039% € 365.0k
Thomas Williams	Independent Director	1.3yrs	US$260.49k	0.000090% € 84.2k
Matthew Thornton	Independent Director	10.3yrs	US$312.95k	0.0042% € 3.9m
Aaron Powell	Independent Director	3.6yrs	US$298.94k	0.00042% € 393.1k

5.6yrs

Average Tenure

66yo

Average Age

Experienced Board: SJ3's board of directors are considered experienced (5.6 years average tenure).

Sherwin-Williams Management

Management criteria checks 2/4

Key information

Recent management updates

The Sherwin-Williams Company Elects Heidi G. Petz as Chief Executive Officer, Effective January 1, 2024

the Sherwin-Williams Company Elects Thomas L. Williams as New Director

Insider recently sold €573k worth of stock

Chairman & CEO recently bought €461k worth of stock

President of The Americas Group recently sold €375k worth of stock

Senior VP of Finance & CFO recently bought €228k worth of stock

Recent updates

Upcoming dividend of US$0.71 per share

Third quarter 2024 earnings released: EPS: US$3.22 (vs US$2.99 in 3Q 2023)

the Sherwin-Williams Company Announces Earnings Guidance for Fourth Quarter and Reaffirm Full Year Guidance for 2024

Second quarter dividend of US$0.71 announced

Sherwin-Williams Announces Its First Ever Color Capsule of the Year for 2025

the Sherwin-Williams Company Declares Quarterly Dividend, Payable on December 6, 2024

The Sherwin-Williams Company to Report Q3, 2024 Results on Oct 22, 2024

Upcoming dividend of US$0.71 per share

Second quarter 2024 earnings released: EPS: US$3.55 (vs US$3.10 in 2Q 2023)

The Sherwin-Williams Company Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024

First quarter dividend of US$0.71 announced

The Sherwin-Williams Company Declares Regular Quarterly Dividend, Payable on September 6, 2024

The Sherwin-Williams Company to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$0.71 per share

First quarter 2024 earnings released: EPS: US$2.00 (vs US$1.86 in 1Q 2023)

The Sherwin-Williams Company Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of 2024

Fourth quarter dividend of US$0.71 announced

The Sherwin-Williams Company Declares Regular Quarterly Dividend, Payable on June 7, 2024

The Sherwin-Williams Company to Report Q1, 2024 Results on Apr 23, 2024

Now 20% overvalued after recent price rise

Now 22% overvalued after recent price rise

Full year 2023 earnings released: EPS: US$9.35 (vs US$7.83 in FY 2022)

Fourth quarter dividend of US$0.71 announced

The Sherwin-Williams Company Announces Regular Quarterly Dividend, Payable on March 8, 2024

Full year 2023 earnings released: EPS: US$9.35 (vs US$7.83 in FY 2022)

The Sherwin-Williams Company Provides Earnings Guidance for the First Quarter and Full Year 2024

The Sherwin-Williams Company to Report Q4, 2023 Results on Jan 25, 2024

Upcoming dividend of US$0.60 per share at 0.9% yield

Now 20% undervalued after recent price drop

The Sherwin-Williams Company Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: EPS: US$2.99 (vs US$2.66 in 3Q 2022)

The Sherwin-Williams Company Declares Regular Quarterly Dividend, Payable on December 8, 2023

The Sherwin-Williams Company Elects Heidi G. Petz as Chief Executive Officer, Effective January 1, 2024

The Sherwin-Williams Company to Report Q3, 2023 Results on Oct 24, 2023

Sherwin-Williams Introduces Anthology: Volume One

Upcoming dividend of US$0.60 per share at 0.9% yield

Akzo Nobel N.V. completed the acquisition of Chinese Decorative Paints business of The Sherwin-Williams Company.

The Sherwin-Williams Company Provides Earnings Guidance for the Third Quarter and Full Year of 2023

Second quarter 2023 earnings released: EPS: US$3.10 (vs US$2.24 in 2Q 2022)

the Sherwin-Williams Company Elects Thomas L. Williams as New Director

Upcoming dividend of US$0.60 per share at 1.1% yield

First quarter 2023 earnings released: EPS: US$1.86 (vs US$1.43 in 1Q 2022)

Insider recently sold €573k worth of stock

the Sherwin-Williams Company Declares Quarterly Dividend, Payable on March 10, 2023

Chairman & CEO recently bought €461k worth of stock

the Sherwin-Williams Company Provides Earnings Guidance for the First Quarter and Full Year 2023

Full year 2022 earnings released: EPS: US$7.83 (vs US$7.10 in FY 2021)

The Sherwin-Williams Company to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.60 per share

The Sherwin-Williams Company (NYSE:SHW) agreed to acquire Oskar Nolte GmbH/Klumpp Coatings GmbH from Peter Möhrle Holding and Gp Capital UG (Haftungsbeschränkt).

The Sherwin-Williams Company (NYSE:SHW) agreed to acquire Oskar Nolte GmbH/Klumpp Coatings GmbH from Peter Möhrle Holding and Gp Capital UG (Haftungsbeschränkt).

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$2.66 (vs US$1.92 in 3Q 2021)

The Sherwin-Williams Company Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2022

The Sherwin-Williams Company Declares Quarterly Dividend on Common Share, Payable on December 2, 2022

The Sherwin-Williams Company to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.60 per share

Second quarter 2022 earnings released: EPS: US$2.24 (vs US$2.47 in 2Q 2021)

The Sherwin-Williams Company Provides Consolidated Earnings Guidance for the Third Quarter and Full Year of 2022

Sherwin-Williams Declares Regular Dividend, Payable on September 9, 2022

The Sherwin-Williams Company to Report Q2, 2022 Results on Jul 27, 2022

Investor sentiment deteriorated over the past week

Now 21% undervalued after recent price drop

The Sherwin-Williams Company (NYSE:SHW) agreed to acquire Gross & Perthun Gmbh & Co. Kg.

President of The Americas Group recently sold €375k worth of stock

Upcoming dividend of US$0.60 per share

First quarter 2022 earnings released: EPS: US$1.43 (vs US$1.54 in 1Q 2021)

The Sherwin-Williams Company Provides Earnings Guidance for the Second Quarter and Full Year 2022

The Sherwin-Williams Company Declares Regular Quarterly Dividend, Payable on June 3, 2022