SUMMARY OF BASE SALARY AND ANNUAL INCENTIVE COMPENSATION PAYABLE TONAMED EXECUTIVE OFFICERS
Exhibit 10(d)
SUMMARY OF BASE SALARY AND ANNUAL INCENTIVE
COMPENSATION PAYABLE TO NAMED EXECUTIVE OFFICERS
2012 Base Salary. On February 15, 2012, the Compensation and Management Development Committee (the “Compensation Committee”) of the Board of Directors of The Sherwin-Williams Company (“Sherwin-Williams”) set the 2012 base salaries of the executive officers who are expected to be named in the Summary Compensation Table of Sherwin-Williams’ 2012 Proxy Statement (the “Named Executive Officers”). The base salaries of the Named Executive Officers for 2012 are as follows: C.M. Connor, Chairman and Chief Executive Officer ($1,221,987); J.G. Morikis, President and Chief Operating Officer ($800,670); S.P. Hennessy, Senior Vice President – Finance and Chief Financial Officer ($603,876); R.J. Davisson, President, Paint Stores Group ($459,420); and S.J. Oberfeld, Senior Vice President – Corporate Planning and Development ($551,122).
Annual Incentive Compensation to Be Earned in 2012. 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 2012 under The Sherwin-Williams Company 2007 Executive Performance Bonus Plan.
| Incentive Award as a Percentage of Base Salary | ||||||||||||
| Named Executive Officer | Minimum | Target | Maximum | |||||||||
| C.M. Connor | 0 | 105 | 210 | |||||||||
| J.G. Morikis | 0 | 75 | 150 | |||||||||
| S.P. Hennessy | 0 | 75 | 150 | |||||||||
| R.J. Davisson | 0 | 60 | 120 | |||||||||
| S.J. Oberfeld | 0 | 60 | 120 | |||||||||
