BRADY CORP

The following table sets forth compensation awarded to, earned by, or paid to the NEOs, who served as executive officers during the year ended July 31, 2025, for services rendered as an executive officer to the Company and its subsidiaries during the years ended July 31, 2025, July 31, 2024 and July 31, 2023.

(1)Represents the grant date fair value of RSUs and PRSUs computed in accordance with accounting guidance for equity grants made or modified in the applicable year. The grant date fair value of RSUs is calculated based on the number of shares of Class A Common Stock underlying the RSUs times the average of the high and low stock price of Class A Common Stock on the date of grant. The grant date fair value of PRSUs was calculated based on the number of shares of Class A Common Stock underlying the award times the average of the high and low stock price of Class A Common Stock on the date of grant. The actual value of a RSU will depend on the market value of the Class A Common Stock on the date the stock is sold. The table reflects the grant date fair value at target for PRSUs (100%). The values of the PRSU awards in fiscal 2025 at the grant date if the highest level of performance conditions were to be achieved would be as follows: Mr. Shaller, $4,800,008; Ms. Thornton, $800,026; Mr. Bojarski, $750,014; Mr. DeBruine, $475,028; and Mr. Gorman, $350,074.

(2)Represents annual cash incentives earned during the listed fiscal years, which was paid during the next fiscal year.

(3)The amounts in the 'All Other Compensation' column include: matching contributions to the Company’s Matched 401(k) Plan, Funded Retirement Plan and Restoration Plan, company car or car allowance, the cost of group term life insurance, the cost of long-term care insurance, the cost of disability insurance and other compensation or perquisites. The other compensation includes pay related to severance agreements, settlement agreements and other perquisites including annual allowances for financial and tax planning and the cost of personal liability insurance. Refer to the table following these footnotes.

(4)Upon his appointment to President, Chief Executive Officer and Director on April 1, 2022, Mr. Shaller was awarded $760,500 of stock options and $760,500 of RSUs. In addition, Mr. Shaller was granted an additional $250,000 RSU award at this time. The $760,500 stock option and $760,500 RSU grants related to an early grant of Mr. Shaller's fiscal 2023 equity awards, so he did not receive any stock options or RSUs during fiscal 2023. As such, fiscal 2024 was the first year in which Mr. Shaller received his full Chief Executive Officer compensation and benefits.

(5)Ms. Thornton was appointed as Chief Financial Officer, Chief Accounting Officer and Treasurer effective April 14, 2023. As part of her appointment, Ms. Thornton received a base salary of $450,000. In fiscal 2024, Ms. Thornton began receiving equity awards and other incentive benefits corresponding to her appointment as Chief Financial Officer.

(6)As discussed within the PRSU achievement section above, the Management Development and Compensation Committee approved a modification to certain outstanding stock awards to align their performance vesting conditions with current grant design and evolving business priorities. Specifically, the performance metrics for a portion of the PRSU awards granted in fiscal year 2023 were adjusted to include acquisitions from newly acquired companies in the achievement of the revenue target. In the Summary Compensation Table above, this incremental fair value is included in the “Stock Awards” column for each named executive officer who received the modified awards. The amounts reported in this column reflect the new grant date fair value based on the market price (average of the high and low of the stock price) on the date of the modification, as well as the amount expected to vest under the revised performance conditions. The value of the modification included in the “Stock Awards” column for fiscal year 2025 is as follows: Mr. Shaller, $190,172; Mr. DeBruine $15,009; and Mr. Gorman $18,948.