Summary of 2015 Base Salary and Annual Incentive Compensation for Sherwin-Williams Named Executive Officers

2015 Base Salary. On February 17, 2015, the Compensation and Management Development Committee (the “Compensation Committee”) of the Board of Directors of The Sherwin-Williams Company (“Sherwin-Williams”) set the 2015 base salaries of the executive officers who are expected to be named in the Summary Compensation Table of Sherwin-Williams’ 2015 Proxy Statement (the “Named Executive Officers”). The base salaries of the Named Executive Officers for 2015 are as follows: Christopher M. Connor, Chairman and Chief Executive Officer ($1,221,987); John G. Morikis, President and Chief Operating Officer ($881,322); Sean P. Hennessy, Senior Vice President – Finance and Chief Financial Officer ($664,716); Steven J. Oberfeld, Senior Vice President – Corporate Planning and Development ($600,808); and Robert J. Davisson, President, The Americas Group ($596,778).

Annual Incentive Compensation to Be Earned in 2015. 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 2015 under The Sherwin-Williams Company 2007 Executive Performance Bonus Plan.