Company: GWW
Filing Date: 2025-02-20
Form Type: PRE 14A
Source: 0001104659-25-015730
Chunk: 43

Company: W.W. GRAINGER, INC.
Filing Date: 2025-02-20
Form: PRE 14A
Chunk 43
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| ​ | Pay Versus Performance                                                              | ​ | ​ | ​ | ​ | 69 | ​ | ​ |

| ​ | CORPORATEGOVERNANCE | ​ | ​ | PROPOSAL 1:ELECTION OFDIRECTORS | ​ | ​ | PROPOSAL 2:RATIFY THEINDEPENDENTAUDITOR | ​ | ​ | EXECUTIVECOMPENSATION | ​ | ​ | PROPOSAL 3:SAY ON PAY | ​ | ​ | PROPOSAL 4: APPROVALAND ADOPTION | ​ | ​ | QUESTIONS ANDANSWERS | ​ | ​ | APPENDICES | ​ |

TABLE OF CONTENTS

| ​ | ● | ​ | ​ | 38 | ​ | ​ | 2025proxy statement | ​ |

Introduction Driven by the team’s focused execution against our long-term strategy, we delivered on financial commitments while driving shareholder returns in 2024. We strengthened our operational advantage in both our High-Touch Solutions—N.A. and Endless Assortment segments by remaining committed to our purpose—We Keep the World Working®. As described within this CD&A, our executive compensation programs feature durable designs that directly support our strategy and focus our leadership team on long-term growth and profitability. 2024 Highlights

| ​ | Driving effective executive pay programs focused on what matters​ | ​ |

| ​ | Metrics Aligned withOur Priorities                                                                           | ​ | ​ | ​ | Reflect Solid 2024Performance                                                                                                                                | ​ | ​ | ​ | Executive Pay is Pay forPerformance                                                                    | ​ |
| ​ | NEO incentive programs and metrics were aligned with our priorities to:                                      
 •  Execute on our growth drivers to provide customers with a flawless experience and tangible value.         
 •  Drive operational excellence and productivity to keep the business healthy and enable future investments. 
 •  Encourage long-term shareholder value creation.                                                           | ​ | ​ | ​ | Delivered record full year earnings:                                                                                                                         
 •  Delivered $17.2 billion in sales, up 4.7% on a daily, organic constant currency basis.(1)                                                                 
 •  Produced strong total Company adjusted ROIC of 41.6%.(