Updated April 2026 · SEC DEF 14A data
International Flavors vs Sherwin-Williams, CEO Pay Comparison
Erik Fyrwald, International Flavors's CEO, earns $0 more in reported total compensation than Heidi Petz at Sherwin-Williams, based on the most recent SEC DEF 14A proxy filings. International Flavors earns a Pay-for-Performance Grade of C; Sherwin-Williams earns a B.
Erik Fyrwald at International Flavors ($8.0M) and Heidi Petz at Sherwin-Williams ($8.0M) are close on total compensation. With pay close, the more interesting comparison is on performance: TSR ran -7.9% versus 9.5% over the three-year window.
CEO compensation comparisons require peer-group context. Compensation committees explicitly select peer groups for setting CEO pay; two companies may use different peer groups even when they appear in similar industries. The full per-company pages surface the disclosed peer-group context.
Side-by-Side Comparison
| Metric | International FlavorsIFF | Sherwin-WilliamsSHW |
|---|---|---|
| CEO | Erik Fyrwald | Heidi Petz |
| Industry | Specialty Chemicals | Specialty Chemicals |
| Total Compensation | $8.0M | $8.0M |
| Base Salary | $800K | $800K |
| Stock Awards | $4.0M | $4.0M |
| Option Awards | $960K | $960K |
| Non-Equity Incentive | $1.2M | $1.2M |
| Pay-for-Performance Grade | C (59/100) | B (71/100) |
| CEO-Worker Pay Ratio | 114:1 | 114:1 |
| Median Worker Pay | $70K | $70K |
| Say-on-Pay Approval | 94.0% | 87.9% |
| 3yr Total Shareholder Return | -7.9% | +9.5% |
| Revenue | $11.3B | $23.1B |
| Market Cap | $20.0B | $88.0B |
| Employees | 22,000 | 64,000 |
Reading the Comparison
Erik Fyrwald (International Flavors) and Heidi Petz (Sherwin-Williams) earn nearly identical reported total compensation — $8.0M versus $8.0M — placing the two CEOs within $0 of each other on their most recent DEF 14A filings.
On Pay-for-Performance Grade, Sherwin-Williams edges International Flavors 71/100 (B) to 59/100 (C). The 12-point gap usually reflects one or two factors moving in opposite directions — typically say-on-pay vote share or relative TSR.
CEO-to-worker pay ratios are similar: 114:1 at International Flavors versus 114:1 at Sherwin-Williams. Both companies have median worker pay structures that produce comparable Item 402(u) ratios. International Flavors's pay package received 94.0% shareholder approval, ahead of Sherwin-Williams's 87.9%. Both votes are above the 70% scrutiny threshold but the 6.1-point gap indicates somewhat different shareholder views on pay structure.
How These Numbers Are Sourced
Every metric in the comparison table comes from a primary public source. Total compensation, salary, stock awards, option awards, and non-equity incentive figures come from the Summary Compensation Table of each company's most recent DEF 14A — the table the SEC requires every U.S. public company to file annually under Regulation S-K Item 402. CEO-to-worker pay ratio comes from the Item 402(u) disclosure required since 2018. Say-on-pay vote share comes from the 8-K filed within four business days of each annual meeting. 3-year total shareholder return is computed from split-adjusted, dividend-reinvested price data over the most recent 36 months.
The Pay-for-Performance Grade is the four-factor composite documented at methodology: relative TSR (35%), revenue versus compensation growth (25%), say-on-pay vote (25%), and pay ratio versus peers (15%). Authoritative governance frameworks come from Institutional Shareholder Services (ISS) and Glass Lewis. Underlying SEC filings for both International Flavors and Sherwin-Williams are available on the EDGAR system.
Frequently Asked Questions
How much do the CEOs of International Flavors and Sherwin-Williams earn?
Erik Fyrwald, CEO of International Flavors, earned $8.0M in reported total compensation in the most recently disclosed fiscal year. Heidi Petz at Sherwin-Williams earned $8.0M. Both figures come from the Summary Compensation Table inside each company's most recent DEF 14A proxy statement.
Which company has better Pay-for-Performance alignment?
On Pay-for-Performance Grade, Sherwin-Williams edges International Flavors 71/100 (B) to 59/100 (C). The 12-point gap usually reflects one or two factors moving in opposite directions — typically say-on-pay vote share or relative TSR. The grade is computed from a four-factor composite: 3-year relative TSR (35%), revenue versus compensation growth (25%), say-on-pay vote (25%), and CEO-to-worker pay ratio versus peers (15%).
How do CEO-to-worker pay ratios compare?
International Flavors reports a CEO-to-median-worker pay ratio of 114:1 on its most recent Item 402(u) disclosure; Sherwin-Williams reports 114:1. CEO-to-worker pay ratios are similar: 114:1 at International Flavors versus 114:1 at Sherwin-Williams. Both companies have median worker pay structures that produce comparable Item 402(u) ratios.
Did shareholders approve each pay package?
International Flavors's pay package received 94.0% shareholder approval, ahead of Sherwin-Williams's 87.9%. Both votes are above the 70% scrutiny threshold but the 6.1-point gap indicates somewhat different shareholder views on pay structure. Say-on-pay is an advisory vote required by Section 951 of the Dodd-Frank Act and conducted at each annual shareholder meeting.
Where does this comparison data come from?
Every figure on this page is sourced from public SEC filings: the DEF 14A proxy statement for compensation under Regulation S-K Item 402, the same proxy's Item 402(u) disclosure for pay ratio, the 8-K filed within four business days of each annual meeting for say-on-pay vote share, and the 10-K for revenue, market cap, and employee count. All filings are available on the SEC EDGAR system at https://www.sec.gov/edgar.shtml.
International Flavors CEO Pay Details
Full compensation breakdown, history, and peer comparison
Sherwin-Williams CEO Pay Details
Full compensation breakdown, history, and peer comparison
Source: U.S. Securities and Exchange Commission, DEF 14A and 8-K filings via EDGAR. Public domain.
Last updated 2026-04-06 · comparing International Flavors (IFF) and Sherwin-Williams (SHW).