Company: GWW
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001104659-25-021496
Chunk: 62

Company: W.W. GRAINGER, INC.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 62
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 | ​ | ​ | The ultimate value of the program is linked to stock price performance; align NEOs’ interests to stock price performance over time and three-year vesting encourages meaningful retention. | ​ |   |   |                                                                              |   |

Each of these compensation elements is described in more detail below. Base Salaries Base salaries are intended to provide an appropriate level of fixed compensation to attract and retain executives. Base salaries are determined after a detailed evaluation of individual performance, competitive market levels, internal equity and executive experience. Following the annual performance management review process (which is similar to the process in which all employees participate), base salaries are reviewed and adjusted (if appropriate). Base salaries reflect individual and Company performance with goals set in alignment with the Grainger Edge, base salaries for comparable positions from market studies, experience, tenure, fairness and internal equity. Base salary increases for the NEOs, with the exception of Mr. Macpherson, are reviewed and approved by the CEO before they are presented to the Compensation Committee for review and recommendation to the Board. The Compensation Committee reviews these recommendations in conjunction with its independent compensation consultant. The compensation awarded to Mr. Macpherson was determined by the independent directors with assistance from the Compensation Committee and its independent compensation consultant. The Compensation Committee reviews and approves the corporate goals and objectives relevant to Mr. Macpherson’s compensation and evaluates his performance in light of those goals and objectives. The Compensation Committee recommended, and the independent directors approved in executive session without management present, Mr. Macpherson’s compensation level based on this evaluation.

| ​ | Name(1)                      | ​ | ​ | ​ | 2023AnnualizedBase Salary |   |            |   | ​ | ​ | ​ | Annualized BaseSalary PercentChange(3) |   |      |   | ​ | ​ | ​ | 2024AnnualizedBase Salary |   |            |   | ​ |
| ​ | D.G. Macpherson              | ​ | ​ | ​ | ​                         | ​ | $1,100,000 | ​ | ​ | ​ | ​ | ​                                      | ​ | 4.5% | ​ | ​ | ​ | ​ | ​                         | ​ | $1,150,000 | ​ | ​ |
| ​ | Deidra C. Merriwether        | ​ | ​ | ​ | ​                         | ​ |   $700,000 | ​ | ​ | ​ | ​ | ​                                      | ​ | 3.6% | ​ | ​