The Sherwin-Williams Company presents its annual report detailing its global paint and coatings operations, risks and capital structure. The company reports an aggregate market value of non‑affiliate common stock of $85,532,942,889 as of June 30, 2025 and 247,774,767 shares outstanding at January 31, 2026.
Sherwin-Williams operates 4,853 Paint Stores Group locations in North America and the Caribbean, 307 Consumer Brands Group stores in Latin America and 317 Performance Coatings Group branches worldwide. Foreign subsidiaries generated about 19.6% of 2025 net sales, reflecting meaningful international exposure.
The company employed 64,249 people at December 31, 2025 and carried total debt of about $10.871 billion, up $982.9 million year over year. Management highlights the 2025 acquisition of Suvinil in Brazil, a leading architectural paints business with approximately $525 million in annual sales, and provides extensive discussion of macroeconomic, raw material, cybersecurity, legal and environmental risks, including ongoing lead-based paint litigation.
The Sherwin-Williams Company senior vice president Bryan J. Young reported equity compensation activity involving the company’s common stock. He acquired 3,900 shares through the vesting and payout of a performance-based restricted stock unit award granted on February 14, 2023 for the 2023–2025 performance period.
To cover tax withholding obligations from this vesting, 1,387 shares were mandatorily withheld by the company at a price of $368.59 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, Young directly owned 12,558 shares, and an additional 519 shares were attributable to his participation in The Sherwin-Williams Company 401(k) Plan.
Sherwin-Williams President, Consumer Brands Group Todd D. Rea reported equity award activity in company stock. He acquired 5,100 shares of Common Stock on a grant/award basis at a stated price of $0.0000 per share, reflecting the payout of a performance-based restricted stock unit (PRSU) award granted on February 14, 2023 and tied to performance conditions for the 2023–2025 period.
To cover related tax withholding obligations upon vesting of this PRSU award, 1,883 shares of Common Stock were disposed of at $368.5900 per share through a tax-withholding disposition, rather than an open-market sale. Following these transactions, he directly held 12,546 shares of Common Stock. Separately, 5,407.03 shares are attributable to his participation in The Sherwin-Williams Company 401(k) Plan.
The Sherwin-Williams Company President & CEO Heidi G. Petz reported equity compensation changes involving the company’s common stock. On February 17, 2026, she acquired 16,800 shares of common stock at $0.00 per share as a vested performance-based restricted stock unit (PRSU) award for the 2023–2025 performance period under the company’s equity and performance incentive plan. On the same date, 7,494 shares of common stock were disposed of at $368.5900 per share, representing shares mandatorily withheld by the company to cover tax withholding obligations triggered by the PRSU vesting. Following these transactions, she directly owned 26,468 shares of common stock and indirectly held 376.7800 shares through participation in The Sherwin-Williams Company 401(k) Plan.
Sherwin-Williams SVP Finance and CFO Benjamin E. Meisenzahl reported equity compensation activity in company common stock. He acquired 960 shares at $0.00 per share as a vested performance-based restricted stock unit award covering the 2023–2025 period. To cover taxes on this vesting, 296 shares were mandatorily withheld at $368.59 per share rather than sold on the open market. After these transactions, he directly holds 6,337.4 shares of common stock and has an additional 257.12 shares through The Sherwin-Williams Company 401(k) Plan per the trustee’s 2/13/2026 statement.
The Sherwin-Williams Company senior vice president James P. Lang reported equity compensation activity in company stock. On the reported date, he acquired 714 shares of common stock through the vesting and payout of a performance-based restricted stock unit award, at no cash price. In connection with this vesting, 230 shares were mandatorily withheld by the company at $368.59 per share to cover related tax obligations, a non–open-market disposition. Following these transactions, he directly holds 861 shares of common stock and has an additional 1,038.56 shares attributable to his participation in The Sherwin-Williams Company 401(k) Plan.
The Sherwin-Williams Company president of Global Industrial, Karl J. Jorgenrud, reported equity compensation activity involving common stock. On February 17, 2026, a performance-based restricted stock unit (PRSU) award granted on February 14, 2023 for the 2023–2025 performance period vested and paid out in 9,600 shares of common stock, recorded as an acquisition at $0.00 per share.
The company mandatorily withheld 4,379 shares at $368.59 per share to cover Jorgenrud’s tax liabilities upon vesting, reported as a tax-withholding disposition rather than an open-market sale. After these transactions, he directly held 19,739.84 shares of common stock and had an additional 1,180.08 shares attributable to his participation in The Sherwin-Williams Company 401(k) Plan, based on the plan trustee’s February 13, 2026 statement.
The Sherwin-Williams Company senior vice president James R. Jaye reported equity compensation activity involving common stock. On February 17, 2026, a performance-based restricted stock unit (PRSU) award granted on February 14, 2023 vested for the 2023–2025 performance period, resulting in an acquisition of 2,100 shares of common stock at no cost under the company’s 2006 Equity and Performance Incentive Plan.
To cover tax withholding liabilities from this vesting, 639 shares of common stock were mandatorily withheld by Sherwin-Williams at $368.59 per share, reducing directly held shares to 5,536.57. In addition, 147.68 shares are attributed to Jaye’s participation in the Sherwin-Williams 401(k) Plan, and his reported direct holdings include 36.35 shares acquired through dividend reinvestment.
Sherwin-Williams senior vice president and chief legal officer Mary L. Garceau reported equity compensation activity in company common stock. She acquired 9,000 shares at a stated price of $0.0000 through a performance-based restricted stock unit award that vested based on 2023–2025 performance conditions. On the same date, 3,618 shares at $368.5900 per share were withheld by the company to cover her tax obligations from this vesting, meaning these were not open-market sales. Following these transactions, she directly held 35,357 shares of common stock and indirectly held 901.97 shares through The Sherwin-Williams Company 401(k) Plan.
The Sherwin-Williams Company executive Colin M. Davie reported equity compensation activity involving company common stock. He acquired 3,300 shares on a grant or award basis at $0.0000 per share, tied to a performance-based restricted stock unit (PRSU) award that vested for the 2023–2025 performance period.
To cover related tax withholding obligations upon this PRSU vesting, 1,346 shares were disposed of at $368.5900 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, he directly owned 7,319 common shares, and an additional 563.36 shares were held indirectly through The Sherwin-Williams Company 401(k) Plan as of the trustee’s 2/13/2026 statement.