Summary of 2014 Base Salary and Annual Incentive Compensation for Sherwin-Williams Named Executive Officers

2014 Base Salary. On February 18, 2014, the Compensation and Management Development Committee (the “Compensation Committee”) of the Board of Directors of The Sherwin-Williams Company (“Sherwin-Williams”) set the 2014 base salaries of the executive officers who are expected to be named in the Summary Compensation Table of Sherwin-Williams’ 2014 Proxy Statement (the “Named Executive Officers”). The base salaries of the Named Executive Officers for 2014 are as follows: Christopher M. Connor, Chairman and Chief Executive Officer ($1,221,987); John G. Morikis, President and Chief Operating Officer ($853,580); Sean P. Hennessy, Senior Vice President - Finance and Chief Financial Officer ($643,786); Robert J. Davisson, President, Paint Stores Group ($528,112); and Catherine M. Kilbane, Senior Vice President, General Counsel and Secretary ($515,008).

Annual Incentive Compensation to Be Earned in 2014. The Compensation Committee also approved the following minimum, target and maximum cash bonus award levels, as a percent of salary, for the Named Executive Officers for 2014 under The Sherwin-Williams Company 2007 Executive Performance Bonus Plan.