Sherwin-Williams names new CFO; $800k salary, 2.5x CIC terms
Sherwin-Williams announced a planned CFO transition.
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Rhea-AI Filing Summary
Sherwin-Williams announced a planned CFO transition. Allen J. Mistysyn, Senior Vice President – Finance and Chief Financial Officer, will retire effective at the close of business on December 31, 2025, and will move into a short-term non-officer role. The Board elected Benjamin E. Meisenzahl, 44, as SVP – Finance and CFO and principal financial officer effective January 1, 2026.
Meisenzahl will receive an annual base salary of $800,000, with a 2026 cash incentive target of 100% of salary and a maximum of 200%. He will enter the company’s standard change in control severance agreement, providing 2.5x base salary and annual bonus, 18 months of continued health care benefits, and outplacement services up to 10% of base salary upon qualifying events following a change in control.
Insights
Planned CFO handoff with defined pay and CIC protections.
Sherwin-Williams disclosed an orderly CFO succession: Allen J. Mistysyn retires on December 31, 2025; Benjamin E. Meisenzahl becomes CFO on January 1, 2026. The filing outlines compensation and standard change-in-control (CIC) terms.
Meisenzahl’s package includes a base salary of $800,000, a cash incentive target at 100% of salary (max 200%), and a CIC agreement with 2.5x base plus bonus, 18 months of health benefits, and outplacement up to 10% of base salary. These terms are consistent with large-cap practices and define obligations in specific CIC scenarios.
The event is administrative rather than financial; actual impact depends on execution under the new CFO’s tenure. Subsequent filings may provide additional detail on any updates to long-term incentives.
8-K Event Classification
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