Mark W. Sheahan has been the CEO of Graco Inc., a leading manufacturer known for its fluid handling products, since June 2021. Before becoming CEO, Mark had a solid financial background, serving as the Chief Financial Officer from 2018. He...

Number of Employees

4K

Year

2023

Total Compensation

$2.31M

Salary

$985.00K

Board Justification

The compensation program is designed to reward short-term results and motivate long-term performance through a mix of base salary, short-term incentives, and long-term incentives, aligning executive interests with shareholder value.

Bonus

$1.30M

Board Justification

Based on 2023 corporate Net Sales and corporate Incentive EPS performance, Mr. Sheahan received a bonus payment under the Incentive Bonus Plan, representing 132% of his target award.

Other

$26.76K

Board Justification

Other compensation includes employee investment plan matching contributions and perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Net Sales and Incentive EPS growth.

SEC Filing

From March 13, 2024