How Armes was paid
$6.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Joseph B. ArmesChairman, CEO and President | $850,000 | $4,221,414 | $1,147,784 | $5,148 | $106,133 | $6,330,479 |
| James E. PerryExecutive VP, CFO | $495,000 | $1,125,065 | $391,512 | — | $74,521 | $2,086,098 |
| Donal J. SullivanExecutive VP, Chief Strategy Officer | $475,000 | $1,079,451 | $374,936 | — | $70,992 | $2,000,379 |
| Luke E. AlversonSenior VP, General Counsel and Secretary | $423,000 | $659,147 | $244,548 | — | $76,820 | $1,403,515 |
| Jeff A. UnderwoodSenior VP & GM, Contractor Solutions | $385,000 | $667,015 | $244,792 | — | $76,561 | $1,373,368 |
What changed and why
- 6.2%6.2%: CEO total compensation increased from $5,963,245 to $6,330,479.
- 83.5%83.5%: CEO target pay was at risk in fiscal 2025.
- 200%200%: Fiscal 2023 performance shares vested at the maximum after 95th-percentile relative TSR.
- 51st percentile: New fiscal 2025 performance shares require this relative TSR ranking for target payout.
- 101%101%: The Company achieved approximately this percentage of its annual EBITDA goal.
- 94%94%: The Company achieved approximately this percentage of its annual Operating Cash Flow goal.
Other CSW Industrials proxy statements
- 2026 proxy statement
Joseph B. Armes paid $7.3M (+15% on the year), pay ratio 195:1.
Filed Jul 16, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.