SHERWIN WILLIAMS CO, PRE 14A filed on 2/21/2025
Proxy Statement - Notice of Shareholders Meeting (preliminary)
v3.25.0.1
Cover
 12 Months Ended
Dec. 31, 2024
Document Information [Line Items]  
Document Type PRE 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name THE SHERWIN-WILLIAMS COMPANY
Entity Central Index Key 0000089800
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
 
Year
 (a)
  
Summary
 Compensation 
Table Total
for PEO
(b)
  
 Compensation 
Actually Paid to
PEO
(c)
(1)(2)
  
Average
Summary
Compensation
 Table Total for 
Non-PEO
NEOs
(d)
  
Average
 Compensation
 Actually Paid to 
Non-PEO

NEOs
(e)
(1)(2)
  
 
 
 
  
Value of Initial Fixed $100
Investment Based On:
  
Net
Income
(h)
(4)
  
 Adjusted 
EPS
(i)
(5)
 
Total
 Shareholder 
Return
(f)
(3)
  
Peer Group
Total
 Shareholder 
Return
(g)
(3)
2024
   $12,992,297   $18,053,741   $6,303,128   $10,320,048     $182.70   $163.96   $2,681,400,000   $10.55
2023
    19,281,779    38,382,596    6,962,401    11,841,924      166.24    151.33    2,388,800,000     9.57
2022
    12,749,910    (19,713,828)    3,452,393       (760,145)      125.26    133.55    2,020,100,000     7.92
2021
    15,843,760    48,088,376    3,618,848     8,939,692      184.10    171.96    1,864,400,000     7.32
2020
    15,323,284    34,290,383    4,096,941     8,156,681        127.05    119.46    2,030,400,000     7.36
 
1
 
Heidi G. Petz served as our principal executive officer (“PEO”) for 2024. John G. Morikis served as our PEO for the full year for each of 2023, 2022, 2021, and 2020. Our
non-PEO
NEOs included: (a) for 2024, Allen J. Mistysyn, John G. Morikis, Justin T. Binns, and Karl J. Jorgenrud; (b) for 2023 and 2022, Allen J. Mistysyn, Heidi G. Petz, Justin T. Binns, and Karl J. Jorgenrud; (c) for 2021, Allen J. Mistysyn, Heidi G. Petz, Mary L. Garceau, Justin T. Binns, and Peter J. Ippolito; and (d) for 2020, Allen J. Mistysyn, Mary L. Garceau, Peter J. Ippolito, and David B. Sewell.
 
2
 
For each year, the values included in these columns for the compensation actually paid to our PEO and the average compensation actually paid to our
non-PEO
NEOs reflect the following adjustments to the values included in columns (b) and (d), respectively:
 
 
PEO
  
 
2024
    
 
2023
    
 
2022
    
 
2021
    
 
2020
  
Summary Compensation Table (“SCT”) Total for PEO (column (b))
   $ 12,992,297     $ 19,281,779     $ 12,749,910     $ 15,843,760     $ 15,323,284  
- aggregate change in actuarial present value of pension benefits
     —       —       —       —       —  
+ service cost of pension benefits
     —       —       —       —       —  
+ prior service cost of pension benefits
     —       —       —       —       —  
- SCT “Stock Awards” column value
     5,400,447       7,829,325       5,357,573       5,895,615       5,742,396  
- SCT “Option Awards” column value
     4,519,209       4,725,225       4,248,445       4,496,806       3,904,509  
+
year-end
fair value of equity awards granted in the covered year that were outstanding and unvested as of the covered
year-end
     12,785,765       28,153,093       9,783,283       24,320,152       19,235,117  
-/+ change in fair value of equity awards granted in prior years that were outstanding and unvested as of the covered
year-end
     1,160,409       4,729,453       (20,046,896 )      17,756,334       7,552,919  
+ vesting date fair value of equity awards granted and vested in the covered year
     —       —       —       —       —  
-/+ change in fair value of equity awards granted in prior years that vested in the covered year
     1,034,926       (1,227,179 )      (12,594,107 )      560,551       1,825,968  
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     —       —       —       —       —  
+ dollar value of dividends/earnings paid prior to the vesting date on equity awards in the covered year
     —       —       —       —       —  
+ excess fair value for equity award modifications
       —       —       —       —  
Compensation Actually Paid to PEO (column (c))
   $ 18,053,741     $ 38,382,596     $ (19,713,828 )    $ 48,088,376     $ 34,290,383  
 
 
Average for
Non-PEO
NEOs
 
2024
 
2023
 
2022
 
2021
 
2020
Average SCT Total for
Non-PEO
NEOs (column (d))
   $6,303,128   $6,962,401 $ 3,452,393 $ 3,618,848 $ 4,096,941
- aggregate change in actuarial present value of pension benefits
   —   —   —   —   —
+ service cost of pension benefits
   —   —   —   —   —
+ prior service cost of pension benefits
   —   —   —   —   —
- SCT “Stock Awards” column value
   2,311,208   3,044,738   1,083,784   1,074,291   1,239,836
- SCT “Option Awards” column value
   1,648,674   1,589,850   877,473   865,948   837,232
+
year-end
fair value of equity awards granted in the covered year that were outstanding and unvested as of the covered
year-end
   5,239,176   8,616,321   2,000,614   4,500,593   4,146,248
-/+ change in fair value of equity awards granted in prior years that were outstanding and unvested as of the covered
year-end
   1,613,536   1,066,986   (2,812,473 )   2,596,782   1,556,400
+ vesting date fair value of equity awards granted and vested in the covered year
   —   —   —   —   —
-/+ change in fair value of equity awards granted in prior years that vested in the covered year
   1,124,090   (169,196 )   (1,439,422 )   163,708   434,160
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
   —   —   —   —   —
+ dollar value of dividends/earnings paid prior to the vesting date on equity awards in the covered year
   —   —   —   —   —
+ excess fair value for equity award modifications
   —   —   —   —   —
Average Compensation Actually Paid to
Non-PEO
NEOs (column (e))
   $10,320,048     $11,841,924   $ (760,145 ) $ 8,939,692 $ 8,156,681
 
3
 
For each year, total shareholder return for the Company and the peer group was calculated in accordance with Item 201(e) and Item 402(v) of Regulation
S-K.
For purposes of this pay versus performance disclosure, our peer group is the same peer group used for purposes of the performance graph included in the Company’s Annual Reports on Form
10-K
for each of the fiscal years ended December 31, 2024, 2023, 2022, 2021, and 2020 and consists of the following entities: Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Genuine Parts Company, H.B. Fuller Company, The Home Depot, Inc., Lowe’s Companies, Inc., Masco Corporation, Newell Brands Inc., PPG Industries, Inc., RPM International Inc., and Stanley Black & Decker, Inc. (for purposes of this section only, the “Peer Group”).
 
4
 
Net income is rounded to the nearest hundred thousand.
 
5
 
Adjusted EPS is calculated as described in Appendix A.
       
Company Selected Measure Name Adjusted EPS        
Named Executive Officers, Footnote
1
 
Heidi G. Petz served as our principal executive officer (“PEO”) for 2024. John G. Morikis served as our PEO for the full year for each of 2023, 2022, 2021, and 2020. Our
non-PEO
NEOs included: (a) for 2024, Allen J. Mistysyn, John G. Morikis, Justin T. Binns, and Karl J. Jorgenrud; (b) for 2023 and 2022, Allen J. Mistysyn, Heidi G. Petz, Justin T. Binns, and Karl J. Jorgenrud; (c) for 2021, Allen J. Mistysyn, Heidi G. Petz, Mary L. Garceau, Justin T. Binns, and Peter J. Ippolito; and (d) for 2020, Allen J. Mistysyn, Mary L. Garceau, Peter J. Ippolito, and David B. Sewell.
       
Peer Group Issuers, Footnote
3
 
For each year, total shareholder return for the Company and the peer group was calculated in accordance with Item 201(e) and Item 402(v) of Regulation
S-K.
For purposes of this pay versus performance disclosure, our peer group is the same peer group used for purposes of the performance graph included in the Company’s Annual Reports on Form
10-K
for each of the fiscal years ended December 31, 2024, 2023, 2022, 2021, and 2020 and consists of the following entities: Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, Genuine Parts Company, H.B. Fuller Company, The Home Depot, Inc., Lowe’s Companies, Inc., Masco Corporation, Newell Brands Inc., PPG Industries, Inc., RPM International Inc., and Stanley Black & Decker, Inc. (for purposes of this section only, the “Peer Group”).
       
PEO Total Compensation Amount $ 12,992,297 $ 19,281,779 $ 12,749,910 $ 15,843,760 $ 15,323,284
PEO Actually Paid Compensation Amount $ 18,053,741 38,382,596 (19,713,828) 48,088,376 34,290,383
Adjustment To PEO Compensation, Footnote
2
 
For each year, the values included in these columns for the compensation actually paid to our PEO and the average compensation actually paid to our
non-PEO
NEOs reflect the following adjustments to the values included in columns (b) and (d), respectively:
 
 
PEO
  
 
2024
    
 
2023
    
 
2022
    
 
2021
    
 
2020
  
Summary Compensation Table (“SCT”) Total for PEO (column (b))
   $ 12,992,297     $ 19,281,779     $ 12,749,910     $ 15,843,760     $ 15,323,284  
- aggregate change in actuarial present value of pension benefits
     —       —       —       —       —  
+ service cost of pension benefits
     —       —       —       —       —  
+ prior service cost of pension benefits
     —       —       —       —       —  
- SCT “Stock Awards” column value
     5,400,447       7,829,325       5,357,573       5,895,615       5,742,396  
- SCT “Option Awards” column value
     4,519,209       4,725,225       4,248,445       4,496,806       3,904,509  
+
year-end
fair value of equity awards granted in the covered year that were outstanding and unvested as of the covered
year-end
     12,785,765       28,153,093       9,783,283       24,320,152       19,235,117  
-/+ change in fair value of equity awards granted in prior years that were outstanding and unvested as of the covered
year-end
     1,160,409       4,729,453       (20,046,896 )      17,756,334       7,552,919  
+ vesting date fair value of equity awards granted and vested in the covered year
     —       —       —       —       —  
-/+ change in fair value of equity awards granted in prior years that vested in the covered year
     1,034,926       (1,227,179 )      (12,594,107 )      560,551       1,825,968  
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
     —       —       —       —       —  
+ dollar value of dividends/earnings paid prior to the vesting date on equity awards in the covered year
     —       —       —       —       —  
+ excess fair value for equity award modifications
       —       —       —       —  
Compensation Actually Paid to PEO (column (c))
   $ 18,053,741     $ 38,382,596     $ (19,713,828 )    $ 48,088,376     $ 34,290,383  
        
Non-PEO NEO Average Total Compensation Amount $ 6,303,128 6,962,401 3,452,393 3,618,848 4,096,941
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,320,048 11,841,924 (760,145) 8,939,692 8,156,681
Adjustment to Non-PEO NEO Compensation Footnote
 
Average for
Non-PEO
NEOs
 
2024
 
2023
 
2022
 
2021
 
2020
Average SCT Total for
Non-PEO
NEOs (column (d))
   $6,303,128   $6,962,401 $ 3,452,393 $ 3,618,848 $ 4,096,941
- aggregate change in actuarial present value of pension benefits
   —   —   —   —   —
+ service cost of pension benefits
   —   —   —   —   —
+ prior service cost of pension benefits
   —   —   —   —   —
- SCT “Stock Awards” column value
   2,311,208   3,044,738   1,083,784   1,074,291   1,239,836
- SCT “Option Awards” column value
   1,648,674   1,589,850   877,473   865,948   837,232
+
year-end
fair value of equity awards granted in the covered year that were outstanding and unvested as of the covered
year-end
   5,239,176   8,616,321   2,000,614   4,500,593   4,146,248
-/+ change in fair value of equity awards granted in prior years that were outstanding and unvested as of the covered
year-end
   1,613,536   1,066,986   (2,812,473 )   2,596,782   1,556,400
+ vesting date fair value of equity awards granted and vested in the covered year
   —   —   —   —   —
-/+ change in fair value of equity awards granted in prior years that vested in the covered year
   1,124,090   (169,196 )   (1,439,422 )   163,708   434,160
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year
   —   —   —   —   —
+ dollar value of dividends/earnings paid prior to the vesting date on equity awards in the covered year
   —   —   —   —   —
+ excess fair value for equity award modifications
   —   —   —   —   —
Average Compensation Actually Paid to
Non-PEO
NEOs (column (e))
   $10,320,048     $11,841,924   $ (760,145 ) $ 8,939,692 $ 8,156,681
       
Compensation Actually Paid vs. Total Shareholder Return
Pay Versus Performance Relationship Descriptions
The following graphical comparisons describe the relationships between certain figures included in the Pay Versus Performance Table for each of 2024, 2023, 2022, 2021, and 2020, including: (a) a comparison between our cumulative total shareholder return and the total shareholder return of the Peer Group; and (b) comparisons between (i) the compensation actually paid to the PEO and the average compensation actually paid to our
non-PEO
NEOs and (ii) each of the performance measures set forth in columns (f), (h) and (i) of the Pay Versus Performance Table.
 

        
Compensation Actually Paid vs. Net Income

       
Compensation Actually Paid vs. Company Selected Measure

       
Total Shareholder Return Vs Peer Group
Pay Versus Performance Relationship Descriptions
The following graphical comparisons describe the relationships between certain figures included in the Pay Versus Performance Table for each of 2024, 2023, 2022, 2021, and 2020, including: (a) a comparison between our cumulative total shareholder return and the total shareholder return of the Peer Group; and (b) comparisons between (i) the compensation actually paid to the PEO and the average compensation actually paid to our
non-PEO
NEOs and (ii) each of the performance measures set forth in columns (f), (h) and (i) of the Pay Versus Performance Table.
 

        
Tabular List, Table
Tabular List of Financial Performance Measures
The following table lists the financial performance measures that we believe represent the most important financial performance measures used to link compensation actually paid to our NEOs for 2024 to Company performance.
 
Petz, Mistysyn, Morikis
   
Binns
   
Jorgenrud
SHW Net Sales
    GA Sales    GI Sales
SHW Adjusted EPS
    GA PBT    GI PBT
SHW Adjusted FCF
    GA RONAE    GI RONAE
SHW Adjusted RONAE
    SHW Net Sales    SHW Net Sales
 
    SHW Adjusted EPS    SHW Adjusted EPS
 
 
    SHW Adjusted FCF    SHW Adjusted FCF
        
Total Shareholder Return Amount $ 182.7 166.24 125.26 184.1 127.05
Peer Group Total Shareholder Return Amount 163.96 151.33 133.55 171.96 119.46
Net Income (Loss) $ 2,681,400,000 $ 2,388,800,000 $ 2,020,100,000 $ 1,864,400,000 $ 2,030,400,000
Company Selected Measure Amount 10.55 9.57 7.92 7.32 7.36
PEO Name Heidi G. Petz        
Petz [Member] | Measure:: 1          
Pay vs Performance Disclosure          
Name SHW Net Sales        
Petz [Member] | Measure:: 4          
Pay vs Performance Disclosure          
Name SHW Adjusted EPS        
Petz [Member] | Measure:: 7          
Pay vs Performance Disclosure          
Name SHW Adjusted FCF        
Petz [Member] | Measure:: 10          
Pay vs Performance Disclosure          
Name SHW Adjusted RONAE        
Mistysyn [Member] | Measure:: 1          
Pay vs Performance Disclosure          
Name SHW Net Sales        
Mistysyn [Member] | Measure:: 4          
Pay vs Performance Disclosure          
Name SHW Adjusted EPS        
Mistysyn [Member] | Measure:: 7          
Pay vs Performance Disclosure          
Name SHW Adjusted FCF        
Mistysyn [Member] | Measure:: 10          
Pay vs Performance Disclosure          
Name SHW Adjusted RONAE        
Binns [Member] | Measure:: 1          
Pay vs Performance Disclosure          
Name SHW Net Sales        
Binns [Member] | Measure:: 2          
Pay vs Performance Disclosure          
Name GA Sales        
Binns [Member] | Measure:: 4          
Pay vs Performance Disclosure          
Name SHW Adjusted EPS        
Binns [Member] | Measure:: 5          
Pay vs Performance Disclosure          
Name GA PBT        
Binns [Member] | Measure:: 7          
Pay vs Performance Disclosure          
Name SHW Adjusted FCF        
Binns [Member] | Measure:: 8          
Pay vs Performance Disclosure          
Name GA RONAE        
Morikis [Member] | Measure:: 1          
Pay vs Performance Disclosure          
Name SHW Net Sales        
Morikis [Member] | Measure:: 4          
Pay vs Performance Disclosure          
Name SHW Adjusted EPS        
Morikis [Member] | Measure:: 7          
Pay vs Performance Disclosure          
Name SHW Adjusted FCF        
Morikis [Member] | Measure:: 10          
Pay vs Performance Disclosure          
Name SHW Adjusted RONAE        
Jorgenrud [Member] | Measure:: 1          
Pay vs Performance Disclosure          
Name SHW Net Sales        
Jorgenrud [Member] | Measure:: 3          
Pay vs Performance Disclosure          
Name GI Sales        
Jorgenrud [Member] | Measure:: 4          
Pay vs Performance Disclosure          
Name SHW Adjusted EPS        
Jorgenrud [Member] | Measure:: 6          
Pay vs Performance Disclosure          
Name GI PBT        
Jorgenrud [Member] | Measure:: 7          
Pay vs Performance Disclosure          
Name SHW Adjusted FCF        
Jorgenrud [Member] | Measure:: 9          
Pay vs Performance Disclosure          
Name GI RONAE        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,785,765 28,153,093 9,783,283 24,320,152 19,235,117
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,160,409 4,729,453 (20,046,896) 17,756,334 7,552,919
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,034,926 (1,227,179) (12,594,107) 560,551 1,825,968
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | SCT Stock Awards Column Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,400,447) (7,829,325) (5,357,573) (5,895,615) (5,742,396)
PEO | SCT Option Awards Column Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,519,209) (4,725,225) (4,248,445) (4,496,806) (3,904,509)
PEO | Excess Fair Value For Equity Award Modifications [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0 0 0 0
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,239,176 8,616,321 2,000,614 4,500,593 4,146,248
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,613,536 1,066,986 (2,812,473) 2,596,782 1,556,400
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,124,090 (169,196) (1,439,422) 163,708 434,160
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | SCT Stock Awards Column Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,311,208) (3,044,738) (1,083,784) (1,074,291) (1,239,836)
Non-PEO NEO | SCT Option Awards Column Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,648,674) (1,589,850) (877,473) (865,948) (837,232)
Non-PEO NEO | Excess Fair Value For Equity Award Modifications [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
v3.25.0.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2024
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
Policies and Practices Related to the Timing of Equity Awards
We grant stock options and PRSUs on an annual basis at regularly scheduled Compensation Committee meetings, the dates of which are typically determined approximately three years in advance. We grant PRSUs at each February Committee meeting, which typically occurs in the middle of February, usually a few weeks following the release of our
annual earnings results. We grant stock options at each October Committee meeting. The Committee does not take into account material
non-public
information when determining the timing or terms of option awards, nor do we time disclosure of material
non-public
information for the purpose of affecting the value of executive compensation with such option awards. During fiscal 2024, the Company did not grant stock options to any NEO during any period beginning four business days before and ending one business day after the filing of any Company periodic report on Form
10-Q
or Form
10-K,
or the filing or furnishing of any Form
8-K
that disclosed any material
non-public
information.
In addition to the regular-cycle equity grants, the Committee may also make
“off-cycle”
grants of PRSUs, stock options, RSUs or other equity awards at other Committee meetings, in connection with an employee’s initial hire, promotion, or for other reasons.
Award Timing Method We grant stock options and PRSUs on an annual basis at regularly scheduled Compensation Committee meetings, the dates of which are typically determined approximately three years in advance. We grant PRSUs at each February Committee meeting, which typically occurs in the middle of February, usually a few weeks following the release of our
annual earnings results. We grant stock options at each October Committee meeting.
Award Timing Predetermined false
Award Timing MNPI Considered true
Award Timing, How MNPI Considered The Committee does not take into account material
non-public
information when determining the timing or terms of option awards, nor do we time disclosure of material
non-public
information for the purpose of affecting the value of executive compensation with such option awards.
MNPI Disclosure Timed for Compensation Value false
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true