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BRADY CORP

For the period ended Jul 31, 2026. Filed Sep 3, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Sep 3, 2026

BRC$79.92+1.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

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 PositionFiscalYearSalary($)Bonus ($)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 & Treasurer2026$535,193$—$850,096$—$636,879$101,941$2,124,109
2025506,828—800,043—425,38099,9521,832,203
2024468,173—675,016—439,14675,9781,658,313
O. Bojarski, President -Americas & Asia2026$506,153$—$2,100,035$—$972,574$125,597$3,704,359
2025485,481—750,035—527,960124,8261,888,302
2024461,404—682,053—449,86997,0051,690,331
T.F. DeBruine, Chief Operating Officer2026$459,692$—$575,064$—$562,663$106,117$1,703,536
2025450,000—490,078—412,02096,1711,448,269
2024354,327—220,084—306,89680,432961,739
A.T. Gorman, General Counsel and Secretary2026$395,193$—$400,057$—$524,025$79,341$1,398,616
2025369,230—368,998—265,62583,3051,087,158
2024341,250—315,072—342,95769,9871,069,266
R.R. Shaller, Former President, CEO & Director (6)2026$1,073,461$—$10,406,897$—$2,189,862$245,217$13,915,437
2025996,058—4,990,208—1,373,414237,6867,597,366
2024859,212—3,551,028—1,439,180198,2086,047,628

(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.

NameFiscal YearRetirement Plan Contributions($)Company Car($)Group Term Life Insurance($)Long-term Care Insurance($)Long-term Disability Insurance($)Other($)Total All Other Compensation ($)
V. Nargolwala2026$1,538$2,077$65$—$504$205,940$210,124
A.E. Thornton2026$76,192$18,000$737$3,483$3,529$—$101,941
202574,56618,0009743,0243,388—99,952
202450,95318,0006773,0243,324—75,978
O. Bojarski2026$82,146$18,000$727$7,628$4,291$12,805$125,597
202574,14318,0001,1756,6244,20920,675124,826
202467,12318,0008716,6242,8121,57597,005
T.F. DeBruine2026$69,423$18,000$418$12,878$4,948$450$106,117
202558,69418,00085311,1824,0393,40396,171
202445,85418,00070911,1823,99769080,432
A.T. Gorman2026$52,212$18,000$587$4,356$3,773$413$79,341
202556,19018,0007403,7823,0931,50083,305
202442,27618,0007033,7823,1222,10469,987
R.R. Shaller2026$189,831$18,000$48$7,458$5,404$24,476$245,217
2025188,07318,0001,3146,4755,36918,455237,686
2024163,89518,0001,5666,4755,3152,957198,208
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.