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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]
Year Summary
Compensation
Table (SCT)
Total
for PEO 11
($)		 SCT
Total
for
PEO 21
($)		 Compensation
Actually Paid
to PEO 11,2,3
($)		 Compensation
Actually Paid
to PEO 21,2,3
($)		 Average
SCT Total
for Non-PEO
NEOs1
($)		 Average
Compensation
Actually Paid to
Non-PEO
NEOs1,2,3
($)		 Value of Initial Fixed $100
Investment Based on:4		 Net Income
($ Millions)		 ROIC for
Compensation
Purposes5
Company
TSR
($)		 Peer Group
TSR
($)
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)
2024 — 7,356,657 — 4,980,729 3,236,767 1,923,445 210.73 163.54 466 18.8%
2023 10,609,670 — 27,971,976 — 3,085,776 5,933,007 241.00 143.54 545 22.6%
2022 10,096,478 — 14,415,143 — 2,496,792 3,176,483 157.95 123.28 472 28.1%
2021 9,213,820 — 17,818,888 — 1,978,086 3,241,658 149.83 141.80 276 21.5%
2020 7,077,536 — 11,078,312 — 1,936,038 1,600,715 122.93 113.66 206 13.7%

 

 

1Steven Hedlund was our PEO for 2024 (“PEO 2”). Christopher Mapes was our PEO for 2020 through 2023 (“PEO 1”). The individuals comprising the non-PEO NEOs for each year presented are listed below.

 

2024 2023 2022 2021 2020
Gabriel Bruno Gabriel Bruno Gabriel Bruno Gabriel Bruno Gabriel Bruno
Christopher L. Mapes Steven Hedlund Steven Hedlund Steven Hedlund Steven Hedlund
Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry
Michele Kuhrt Michele Kuhrt Michele Kuhrt Michele Kuhrt Michele Kuhrt
        George Blankenship
        Vincent Petrella

 

 

2 The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and may not necessarily reflect compensation actually earned, realized, or received by the Company’s PEOs and non-PEO NEOs. These amounts reflect the Summary Compensation Table Total column with certain adjustments. For 2024, these adjustments are as described in footnote 3 below. Please note that, while similar adjustment information was provided in our 2024 proxy statement for year 2023 and in our 2023 proxy statement for years 2020, 2021, 2022, under applicable SEC guidance, repeating such adjustment information is not required in this Proxy Statement because in our view it is not material to our shareholders’ understanding of the information reported in the table above for 2024 or the related disclosures provided below.
3Compensation Actually Paid for 2024 (the most recent year included in the table above) reflects the exclusions and inclusions of certain amounts for the PEO and the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table.
4The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 400 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 400 Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5We determined Return on Invested Capital (“ROIC”) for Compensation Purposes to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and non-PEO NEOs in 2024. More information on ROIC for Compensation Purposes can be found in Appendix A.
3Compensation Actually Paid for 2024 (the most recent year included in the table above) reflects the exclusions and inclusions of certain amounts for the PEO and the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table.

 

Year Summary
Compensation Table
Total for PEO 2
($)		 Exclusion of
Change in
Pension Value
($)		 Exclusion of
Stock Awards and
Option Awards
($)		 Inclusion of
Pension Service
Cost
($)		 Inclusion of
Equity Values
($)		 Compensation
Actually Paid to
PEO 2($)
2024 7,356,657 — (4,901,917) — 2,525,989 4,980,729

 

 

 
 

 

Year Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)		 Exclusion of
Change in
Pension Value
($)		 Exclusion of
Stock Awards and
Option Awards
($)		 Inclusion of
Pension Service
Cost
($)		 Inclusion of
Equity Values
($)		 Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024 3,236,767 — (2,142,377) — 829,055 1,923,445

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year  Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for PEO 2
($)		 Change in Fair
Value from Last
Day of Prior Year
to Last Day of Year
of Unvested Equity
Awards Granted in
Prior Years for
PEO 2
($)		 Vesting Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 2
($)		 Change in Fair Value
from Last Day of Prior
Year to Vesting Date
of Unvested Equity
Awards Granted in
Prior Years that Vested
During Year for PEO 2
($)		 Fair Value at Last
Day of Prior Year
of Equity Awards
Forfeited During
Year for PEO 2
($)		 Total—Inclusion
of Equity Values
for PEO 2
($)
2024 3,395,295 (1,378,351) — 509,045 — 2,525,989

 

Year Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of Year
for Non-PEO NEOs
($)		 Average Change in
Fair Value from Last
Day of Prior Year
to Last Day of Year
of Unvested Equity
Awards Granted in
Prior Years for
Non-PEO NEOs
($)		 Average Vesting
Date Fair Value
of Equity Awards
Granted During Year
that Vested During
Year for Non-PEO
NEOs
($)		 Average Change in
Fair Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity Awards
Granted in Prior Years
that Vested During
Year for Non-PEO
NEOs
($)		 Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)		 Total—Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2024 858,759 (857,923) 598,869 229,350 — 829,055

 

4The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 400 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 400 Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5We determined Return on Invested Capital (“ROIC”) for Compensation Purposes to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and non-PEO NEOs in 2024. More information on ROIC for Compensation Purposes can be found in Appendix A.
        
Company Selected Measure Name Return on Invested Capital (“ROIC”)        
Named Executive Officers, Footnote [Text Block]
1Steven Hedlund was our PEO for 2024 (“PEO 2”). Christopher Mapes was our PEO for 2020 through 2023 (“PEO 1”). The individuals comprising the non-PEO NEOs for each year presented are listed below.

 

2024 2023 2022 2021 2020
Gabriel Bruno Gabriel Bruno Gabriel Bruno Gabriel Bruno Gabriel Bruno
Christopher L. Mapes Steven Hedlund Steven Hedlund Steven Hedlund Steven Hedlund
Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry Jennifer Ansberry
Michele Kuhrt Michele Kuhrt Michele Kuhrt Michele Kuhrt Michele Kuhrt
        George Blankenship
        Vincent Petrella
        
Peer Group Issuers, Footnote [Text Block] The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 400 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 400 Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
Adjustment To PEO Compensation, Footnote [Text Block]
3Compensation Actually Paid for 2024 (the most recent year included in the table above) reflects the exclusions and inclusions of certain amounts for the PEO and the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table.

 

Year Summary
Compensation Table
Total for PEO 2
($)		 Exclusion of
Change in
Pension Value
($)		 Exclusion of
Stock Awards and
Option Awards
($)		 Inclusion of
Pension Service
Cost
($)		 Inclusion of
Equity Values
($)		 Compensation
Actually Paid to
PEO 2($)
2024 7,356,657 — (4,901,917) — 2,525,989 4,980,729

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year  Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for PEO 2
($)		 Change in Fair
Value from Last
Day of Prior Year
to Last Day of Year
of Unvested Equity
Awards Granted in
Prior Years for
PEO 2
($)		 Vesting Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for PEO 2
($)		 Change in Fair Value
from Last Day of Prior
Year to Vesting Date
of Unvested Equity
Awards Granted in
Prior Years that Vested
During Year for PEO 2
($)		 Fair Value at Last
Day of Prior Year
of Equity Awards
Forfeited During
Year for PEO 2
($)		 Total—Inclusion
of Equity Values
for PEO 2
($)
2024 3,395,295 (1,378,351) — 509,045 — 2,525,989
        
Non-PEO NEO Average Total Compensation Amount $ 3,236,767 $ 3,085,776 $ 2,496,792 $ 1,978,086 $ 1,936,038
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2] $ 1,923,445 5,933,007 3,176,483 3,241,658 1,600,715
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Year Average Summary
Compensation Table
Total for Non-PEO
NEOs
($)		 Exclusion of
Change in
Pension Value
($)		 Exclusion of
Stock Awards and
Option Awards
($)		 Inclusion of
Pension Service
Cost
($)		 Inclusion of
Equity Values
($)		 Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
2024 3,236,767 — (2,142,377) — 829,055 1,923,445

Year Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of Year
for Non-PEO NEOs
($)		 Average Change in
Fair Value from Last
Day of Prior Year
to Last Day of Year
of Unvested Equity
Awards Granted in
Prior Years for
Non-PEO NEOs
($)		 Average Vesting
Date Fair Value
of Equity Awards
Granted During Year
that Vested During
Year for Non-PEO
NEOs
($)		 Average Change in
Fair Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity Awards
Granted in Prior Years
that Vested During
Year for Non-PEO
NEOs
($)		 Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)		 Total—Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
2024 858,759 (857,923) 598,869 229,350 — 829,055
        
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

RELATIONSHIP BETWEEN PEO AND NON-PEO NEO COMPENSATION ACTUALLY PAID AND COMPANY AND PEER GROUP TOTAL SHAREHOLDER RETURN (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our non-PEO NEOs, the Company’s cumulative TSR over the five most recently completed fiscal years, and the cumulative TSR of the S&P 400 Index over the same period assuming initial investment of $100 on December 31, 2019.

 

PEO AND AVERAGE NON-PEO NEO COMPENSATION

ACTUALLY PAID VERSUS COMPANY TSR

 

 

        
Compensation Actually Paid vs. Net Income [Text Block]

RELATIONSHIP BETWEEN PEO AND NON-PEO NEO COMPENSATION ACTUALLY PAID AND COMPANY NET INCOME

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our non-PEO NEOs, and our GAAP Net income during the five most recently completed fiscal years.

 

PEO AND AVERAGE NON-PEO NEO COMPENSATION
ACTUALLY PAID VERSUS NET INCOME

 

 

 

        
Compensation Actually Paid vs. Company Selected Measure [Text Block]

RELATIONSHIP BETWEEN PEO AND NON-PEO NEO COMPENSATION ACTUALLY PAID AND COMPANY ROIC FOR COMPENSATION PURPOSES

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our non-PEO NEOs, and Company ROIC for Compensation Purposes (annual results) during the five most recently completed fiscal years.

 

PEO AND AVERAGE NON-PEO NEO COMPENSATION
ACTUALLY PAID VERSUS ROIC FOR COMPENSATION PURPOSES

 

 

        
Tabular List [Table Text Block]

TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and our Non-PEO NEOs for 2024 to Company performance. The measures in this table are not ranked.

 

Return on Invested Capital (ROIC) for Compensation Purposes
Adjusted earnings before interest, taxes and bonus (EBITB)
Adjusted Revenue for Compensation Purposes (Adjusted Revenue)
Average operating working capital to net sales ratio (AOWC/Sales) for Compensation Purposes
Adjusted Net Income for Compensation Purposes
        
Total Shareholder Return Amount [3] $ 210.73 241.00 157.95 149.83 122.93
Peer Group Total Shareholder Return Amount [3] 163.54 143.54 123.28 141.80 113.66
Net Income (Loss) Attributable to Parent $ 466,000,000 $ 545,000,000 $ 472,000,000 $ 276,000,000 $ 206,000,000
Company Selected Measure Amount [4] 0.188 0.226 0.281 0.215 0.137
PEO Name Steven Hedlund        
Additional 402(v) Disclosure [Text Block] The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and may not necessarily reflect compensation actually earned, realized, or received by the Company’s PEOs and non-PEO NEOs. These amounts reflect the Summary Compensation Table Total column with certain adjustments. For 2024, these adjustments are as described in footnote 3 below. Please note that, while similar adjustment information was provided in our 2024 proxy statement for year 2023 and in our 2023 proxy statement for years 2020, 2021, 2022, under applicable SEC guidance, repeating such adjustment information is not required in this Proxy Statement because in our view it is not material to our shareholders’ understanding of the information reported in the table above for 2024 or the related disclosures provided below.        
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name Return on Invested Capital (ROIC) for Compensation Purposes        
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name Adjusted earnings before interest, taxes and bonus (EBITB)        
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name Adjusted Revenue for Compensation Purposes (Adjusted Revenue)        
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name Average operating working capital to net sales ratio (AOWC/Sales) for Compensation Purposes        
Measure [Axis]: 5          
Pay vs Performance Disclosure [Table]          
Measure Name Adjusted Net Income for Compensation Purposes        
Non-PEO NEO [Member] | Exclusion Of Change In Pension Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ 0        
Non-PEO NEO [Member] | Exclusion Of Stock Awards And Option Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (2,142,377)        
Non-PEO NEO [Member] | Inclusion Of Pension Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
Non-PEO NEO [Member] | Inclusion Of Equity Values [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 829,055        
Non-PEO NEO [Member] | Average Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year For Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 858,759        
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards For Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (857,923)        
Non-PEO NEO [Member] | Average Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year For Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 598,869        
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Un Vested Equity Awards That Vested During Year For Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 229,350        
Non-PEO NEO [Member] | Average Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year For Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
PEO 1 [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount $ 10,609,670 $ 10,096,478 $ 9,213,820 $ 7,077,536
PEO Actually Paid Compensation Amount [1],[2],[5] 27,971,976 14,415,143 17,818,888 11,078,312
PEO 2 [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount 7,356,657
PEO Actually Paid Compensation Amount [1],[2] 4,980,729
PEO 2 [Member] | PEO [Member] | Exclusion Of Change In Pension Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
PEO 2 [Member] | PEO [Member] | Exclusion Of Stock Awards And Option Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (4,901,917)        
PEO 2 [Member] | PEO [Member] | Inclusion Of Pension Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
PEO 2 [Member] | PEO [Member] | Inclusion Of Equity Values [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 2,525,989        
PEO 2 [Member] | PEO [Member] | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year For P E O [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 3,395,295        
PEO 2 [Member] | PEO [Member] | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards For P E O [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (1,378,351)        
PEO 2 [Member] | PEO [Member] | Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year For P E O [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
PEO 2 [Member] | PEO [Member] | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year For P E O [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 509,045        
PEO 2 [Member] | PEO [Member] | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year For P E O [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ 0        
[1] The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and may not necessarily reflect compensation actually earned, realized, or received by the Company’s PEOs and non-PEO NEOs. These amounts reflect the Summary Compensation Table Total column with certain adjustments. For 2024, these adjustments are as described in footnote 3 below. Please note that, while similar adjustment information was provided in our 2024 proxy statement for year 2023 and in our 2023 proxy statement for years 2020, 2021, 2022, under applicable SEC guidance, repeating such adjustment information is not required in this Proxy Statement because in our view it is not material to our shareholders’ understanding of the information reported in the table above for 2024 or the related disclosures provided below.
[2] Steven Hedlund was our PEO for 2024 (“PEO 2”). Christopher Mapes was our PEO for 2020 through 2023 (“PEO 1”). The individuals comprising the non-PEO NEOs for each year presented are listed below.
[3] The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 400 Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 400 Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
[4] We determined Return on Invested Capital (“ROIC”) for Compensation Purposes to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and non-PEO NEOs in 2024. More information on ROIC for Compensation Purposes can be found in Appendix A.
[5] Compensation Actually Paid for 2024 (the most recent year included in the table above) reflects the exclusions and inclusions of certain amounts for the PEO and the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table.