This is the company's first ever Say on Pay vote following its October 2025 IPO, so there is no prior shareholder vote result to consider. CEO total compensation of $9.1 million includes a one-time large stock award of $6.8 million — a single large award granted at IPO intended to cover multiple future years all at once — which inflates the 2025 reported figure; stripping that out, ongoing cash and bonus compensation of approximately $2.3 million is reasonable for a CEO at a $5.2 billion industrial company. The annual cash incentive plan is tied to a single measurable metric (Adjusted EBITDA), the company achieved 127% of its target in 2025, and a meaningful clawback policy was adopted at the time of the IPO, all of which support a FOR vote.

Ernst & Young has audited the company since 2017 (approximately 9 years), well below the 25-year tenure threshold that would raise concerns. Non-audit fees (tax fees of $13,000) represent less than 1% of audit fees of $3,261,000, far below the 50% threshold. The 2024 audit-related fees of $1,738,000 were for IPO due diligence, a one-time transaction-related item, and do not indicate an ongoing independence concern. EY is a Big 4 firm appropriate for a $5.2 billion market-cap company. No material restatements were disclosed.