Willis Towers Watson reviewed both published survey data from the 2015 Willis Towers Watson CDB General Industry Executive
Compensation Survey Report and compensation peer group proxy statement data to determine competitive pay levels for the executives for the following elements of compensation: base salary, actual total cash compensation (the sum of salary and
actual bonuses received), long-term incentives, and actual total direct compensation (the sum of base salary, actual annual bonuses and long-term incentives). Based on its analysis and findings, Willis Towers Watson
concluded that our Chief Executive Officers actual total direct compensation was competitive with the market median, and that his compensation was weighted more toward long-term incentives
than is typical in the market. Overall, Willis Towers Watson concluded that our named executive officers salaries and total cash compensation are generally at or below the market median, and that their long-term incentives and total direct
compensation are generally at or above the market median.
Specifically with regard to our Chief Executive Officer, Willis Towers Watson found that compared to similarly sized
general industry companies, his base salary was 7% below the market median, and that his actual total cash compensation was 21% below the market median. Long-term incentives for our Chief Executive Officer were 41% above the market median. Overall,
our Chief Executive Officers actual total direct compensation was 18% above the market median. Willis Towers Watson considers long-term incentives and actual total direct compensation to be competitive with the market if such amounts are
within 20% of the market median.
Elements of Compensation
named executive officer compensation program for fiscal 2017 included three main elements:
We use these particular elements of compensation because we believe that they provide a balanced mix of fixed compensation and
at-risk compensation that produces short-term and long-term performance incentives and rewards. With this balanced portfolio, we provide the executive with a competitive base salary while motivating the
executive to focus on the business metrics that will produce a high level of performance for the Company and provide the executive with additional compensation through short- and long-term incentives.
RPM International Inc. (NYSE: RPM) owns subsidiaries that are world leaders in coatings, sealants, building materials and related services. From homes to precious landmarks worldwide, their brands are trusted by consumers and professionals alike to protect, improve and beautify. Among its leading consumer brands are Rust-Oleum, DAP and Zinsser. Learn more about RPM brands >>
RPM is a compelling long-term investment.
The percent by which RPM's 10-year total return has bested the S&P 500. More reasons >>
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