BRADY CORP
For the period ended Jul 31, 2025. Filed Sep 4, 2025.
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FY2025 · Filed Sep 4, 2025
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Grants of Plan-Based Awards for 2025
The following table summarizes grants of plan-based awards made during fiscal 2025 to the NEOs.
| Grant Date · Estimated Future Payouts Under Non-Equity Incentive Plan Awards (1) · Estimated Future Payouts Under Equity Incentive Plan Awards (2) · All Other Stock Awards:Number of Shares of Stock or Units (#) (3) · All Other Option Awards:Number of Securities Underlying Options(#) · Exercise or Base Price of Stock or Option Awards($) (4) · Grant Date Fair Value of Stock and Option Awards($) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name · Threshold ($) · Target ($) · Maximum ($) · Threshold (#) · Target (#) · Maximum (#) | |||||||||
| R.R. Shaller | $— | $1,025,000 | $3,075,000 | ||||||
| 8/1/2024 | 8,422 | 33,689 | 67,378 | $2,400,004 | |||||
| 9/4/2024 | (5) | 2,607 | 10,428 | 20,856 | 190,172 | ||||
| 10/2/2024 | 32,158 | 2,400,032 | |||||||
| A.E. Thornton | — | 515,000 | 1,545,000 | ||||||
| 8/1/2024 | 1,404 | 5,615 | 11,230 | 400,013 | |||||
| 10/2/2024 | 5,360 | 400,030 | |||||||
| O. Bojarski | — | 490,000 | 1,470,000 | ||||||
| 8/1/2024 | 1,316 | 5,264 | 10,528 | 375,007 | |||||
| 10/2/2024 | 5,025 | 375,028 | |||||||
| T.F. DeBruine | — | 450,000 | 1,350,000 | ||||||
| 8/1/2024 | 834 | 3,334 | 6,668 | 237,514 | |||||
| 9/4/2024 | (5) | 206 | 823 | 1,646 | 15,009 | ||||
| 10/2/2024 | 3,183 | 237,555 | |||||||
| A.T. Gorman | — | 375,000 | 1,125,000 | ||||||
| 8/1/2024 | 614 | 2,457 | 4,914 | 175,037 | |||||
| 9/4/2024 | (5) | 260 | 1,039 | 2,078 | 18,948 | ||||
| 10/2/2024 | 2,345 | 175,013 | |||||||
(1)At its July 2024 meeting, the Committee approved the values of the annual cash incentive award threshold, target and maximums under the Company's annual cash incentive plan. The structure of the plan is described in the Compensation Discussion and Analysis above and was set prior to the beginning of the fiscal year.
(2)This award represents PRSUs granted August 1, 2024, as part of the annual fiscal 2025 equity grant. These PRSUs have a three-year performance period with the number of shares issued at vesting determined by the Company's achievement of revenue and diluted EPS growth goals over the three-year performance period. Payout opportunities will range from 0% to 200% of the target award. Target payout is set at 100% of award value, with threshold and maximum payouts set at 25% and 200% of target award value, respectively.
(3)The RSU awards vest equally over three years.
(4)The base price for the RSU and PRSU awards is the average of the high and low prices of the Company’s Class A Common Stock as reported by the NYSE on the date of the grant.
(5)As discussed in the Summary Compensation Table, the portion of the fiscal 2023 PRSU awards that have a performance vesting condition were modified in fiscal 2025. The above amounts represent the incremental fair value recognized as part of the modification based on the market on the date of the modification. The shares listed within represent the original shares granted to each of Mr. Shaller, Mr. DeBruine and Mr. Gorman.
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