How Armes was paid
$7.3M in total for fiscal 2026, 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 | $925,000 | $4,938,001 | $1,286,976 | $4,420 | $119,218 | $7,273,615 |
| James E. PerryExecutive VP, CFO | $520,000 | $1,097,869 | $417,398 | — | $77,146 | $2,112,413 |
| Jeff A. UnderwoodExecutive VP & GM, Contractor Solutions | $440,000 | $770,057 | $319,963 | — | $72,620 | $1,602,640 |
| Luke E. AlversonSenior VP, General Counsel and Secretary | $440,000 | $637,161 | $259,001 | — | $79,669 | $1,415,831 |
| Danielle R. GardeSenior VP, Chief People Officer | $440,000 | $637,161 | $259,001 | — | $80,532 | $1,416,694 |
What changed and why
- $7.3M$7,273,615 CEO total compensation increased from $6,330,479 in fiscal 2025.
- 84.7%84.7% of the CEO’s target pay was at risk in fiscal 2026.
- 190.7%190.7% of target performance shares vested based on relative TSR for the fiscal 2024 awards.
- 95%95% of the annual EBITDA goal and 109% of the annual operating cash flow goal were achieved approximately.
- Semi-annual AIP target-setting returned in fiscal 2026 amid tariff and macroeconomic uncertainty.
- $1.0BFive acquisitions consumed over $1.0 billion of capital, supporting record fiscal 2026 results.
Other CSW Industrials proxy statements
- 2025 proxy statement
Joseph B. Armes paid $6.3M (+6% on the year), pay ratio 178:1.
Filed Jul 17, 2025
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.