BRADY CORP
For the period ended Jul 31, 2026. Filed Sep 3, 2026.
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FY2026 · Filed Sep 3, 2026
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Summary Compensation Table
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, 2026, for services rendered as an executive officer to the Company and its subsidiaries during the years ended July 31, 2026, July 31, 2025 and July 31, 2024.
| Name and Principal Position | FiscalYear | Salary($) | Bonus ($) | Stock Awards($)(1) | Option Awards($) | Non-Equity Incentive Plan Compensation($)(2) | All Other Compensation($)(3) | Total($) |
|---|---|---|---|---|---|---|---|---|
| V. Nargolwala, President, CEO & Director (4)(5) | 2026 | $115,385 | $— | $5,200,069 | $— | $245,192 | $210,124 | $5,770,770 |
| A.E. Thornton, CFO, CAO & Treasurer | 2026 | $535,193 | $— | $850,096 | $— | $636,879 | $101,941 | $2,124,109 |
| 2025 | 506,828 | — | 800,043 | — | 425,380 | 99,952 | 1,832,203 | |
| 2024 | 468,173 | — | 675,016 | — | 439,146 | 75,978 | 1,658,313 | |
| O. Bojarski, President -Americas & Asia | 2026 | $506,153 | $— | $2,100,035 | $— | $972,574 | $125,597 | $3,704,359 |
| 2025 | 485,481 | — | 750,035 | — | 527,960 | 124,826 | 1,888,302 | |
| 2024 | 461,404 | — | 682,053 | — | 449,869 | 97,005 | 1,690,331 | |
| T.F. DeBruine, Chief Operating Officer | 2026 | $459,692 | $— | $575,064 | $— | $562,663 | $106,117 | $1,703,536 |
| 2025 | 450,000 | — | 490,078 | — | 412,020 | 96,171 | 1,448,269 | |
| 2024 | 354,327 | — | 220,084 | — | 306,896 | 80,432 | 961,739 | |
| A.T. Gorman, General Counsel and Secretary | 2026 | $395,193 | $— | $400,057 | $— | $524,025 | $79,341 | $1,398,616 |
| 2025 | 369,230 | — | 368,998 | — | 265,625 | 83,305 | 1,087,158 | |
| 2024 | 341,250 | — | 315,072 | — | 342,957 | 69,987 | 1,069,266 | |
| R.R. Shaller, Former President, CEO & Director (6) | 2026 | $1,073,461 | $— | $10,406,897 | $— | $2,189,862 | $245,217 | $13,915,437 |
| 2025 | 996,058 | — | 4,990,208 | — | 1,373,414 | 237,686 | 7,597,366 | |
| 2024 | 859,212 | — | 3,551,028 | — | 1,439,180 | 198,208 | 6,047,628 |
(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 2026 at the grant date if the highest level of performance conditions were to be achieved would be as follows: Mr. Shaller, $5,250,119; Ms. Thornton, $850,097; Mr. Bojarski, $850,097; Mr. DeBruine, $575,008; and Mr. Gorman, $400,079.
(2)Represents annual cash incentives earned during the listed fiscal years, which are 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 and Chief Executive Officer on June 8, 2026, Mr. Nargolwala was awarded $3,200,000 of sign-on RSUs and a matching RSU award for $2,000,000. The matching award was equal to two times the aggregate value of Company’s Class A common stock purchased by Mr. Nargolwala within 180 days of his appointment.
(5)For Mr. Nargolwala, the “All Other Compensation” column includes $135,065 of unrestricted stock awards and $70,875 of cash retainers for his service as a non-employee Director prior to his appointment as President and Chief Executive Officer.
(6)Effective June 8, 2026, Mr. Shaller retired as President and Chief Executive Officer of the Company. The Company entered into a written agreement with Mr. Shaller in connection with his retirement that provided for payment of his salary and benefits through August 1, 2026. In addition, Mr. Shaller will remain entitled to receive the cash bonus earned for the Company’s 2026 fiscal year, subject to an individual performance multiplier of 100%. He will also be entitled to retain all of his outstanding PRSUs and will vest in such awards to the extent the performance goals in effect for such awards are achieved, with vesting to be provided on a full, unadjusted basis. The incremental fair value of $5,156,828 associated with the modification of vesting conditions for PRSUs granted on August 1, 2024 and August 1, 2025 has been included in this table under the “Stock Awards” column.
| Name | Fiscal Year | Retirement Plan Contributions($) | Company Car($) | Group Term Life Insurance($) | Long-term Care Insurance($) | Long-term Disability Insurance($) | Other($) | Total All Other Compensation ($) |
|---|---|---|---|---|---|---|---|---|
| V. Nargolwala | 2026 | $1,538 | $2,077 | $65 | $— | $504 | $205,940 | $210,124 |
| A.E. Thornton | 2026 | $76,192 | $18,000 | $737 | $3,483 | $3,529 | $— | $101,941 |
| 2025 | 74,566 | 18,000 | 974 | 3,024 | 3,388 | — | 99,952 | |
| 2024 | 50,953 | 18,000 | 677 | 3,024 | 3,324 | — | 75,978 | |
| O. Bojarski | 2026 | $82,146 | $18,000 | $727 | $7,628 | $4,291 | $12,805 | $125,597 |
| 2025 | 74,143 | 18,000 | 1,175 | 6,624 | 4,209 | 20,675 | 124,826 | |
| 2024 | 67,123 | 18,000 | 871 | 6,624 | 2,812 | 1,575 | 97,005 | |
| T.F. DeBruine | 2026 | $69,423 | $18,000 | $418 | $12,878 | $4,948 | $450 | $106,117 |
| 2025 | 58,694 | 18,000 | 853 | 11,182 | 4,039 | 3,403 | 96,171 | |
| 2024 | 45,854 | 18,000 | 709 | 11,182 | 3,997 | 690 | 80,432 | |
| A.T. Gorman | 2026 | $52,212 | $18,000 | $587 | $4,356 | $3,773 | $413 | $79,341 |
| 2025 | 56,190 | 18,000 | 740 | 3,782 | 3,093 | 1,500 | 83,305 | |
| 2024 | 42,276 | 18,000 | 703 | 3,782 | 3,122 | 2,104 | 69,987 | |
| R.R. Shaller | 2026 | $189,831 | $18,000 | $48 | $7,458 | $5,404 | $24,476 | $245,217 |
| 2025 | 188,073 | 18,000 | 1,314 | 6,475 | 5,369 | 18,455 | 237,686 | |
| 2024 | 163,895 | 18,000 | 1,566 | 6,475 | 5,315 | 2,957 | 198,208 |
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