Pay vs Performance Disclosure
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive “compensation actually paid” or “CAP” and certain financial performance of the Company. You should refer to the “Compensation Discussion and Analysis” section in this proxy statement for a description of our pay-for-performance philosophy and how we design our compensation programs to align executive compensation with the Company’s performance.
Pay for Performance Table
The following table shows, for the fiscal years 2025, 2024, 2023, 2022 and 2021:
| • | the total compensation for our CEO as set forth in the Summary Compensation Table (“SCT”); | |
| • | the CAP for our CEO (as determined under SEC rules); | |
| • | the total compensation for our other NEOs, on an average basis, as set forth in the SCT; | |
| • | the CAP for our other NEOs, on an average basis (as determined under SEC rules); | |
| • | our total shareholder return, or “TSR”; |
| • | the TSR of the Peer Group we selected, which is the Dow Jones Diversified Industrials Index; | |
| • | our net income (loss); and | |
| • | Adjusted Earnings Per Share, or “Adjusted EPS” – which is the financial performance measure we selected as being the most important measure for linking compensation for our NEOs to company performance. |
| Summary | Average Summary | Average | Value of $100 Investment Based on | Net Income | Company | |||||||||||||||||||||||||||
| Year | Compensation Table Total for CEO (1) | Compensation Actually Paid for CEO (2) | Compensation Table Total for other NEOs (3) | Compensation Actually Paid for other NEOs (4) | TSR (5) | Peer Group TSR (6) | (loss) $ in millions (7) | Selected Measure: Adjusted EPS (8) | ||||||||||||||||||||||||
| 2025 | $ | 17,515,575 | $ | 27,366,584 | $ | 5,811,668 | $ | 8,171,100 | $ | 474.17 | $ | 216.80 | $ | 51.11 | $ | 5.65 | ||||||||||||||||
| 2024 | $ | 16,545,460 | $ | 53,367,662 | $ | 4,085,163 | $ | 9,774,935 | $ | 431.70 | $ | 204.57 | $ | 209.90 | $ | 5.12 | ||||||||||||||||
| 2023 | $ | 13,109,546 | $ | 33,349,818 | $ | 3,068,733 | $ | 6,436,219 | $ | 242.24 | $ | 137.06 | $ | 77.62 | $ | 4.54 | ||||||||||||||||
| 2022 | $ | 14,288,968 | $ | 29,725,481 | $ | 3,159,809 | $ | 5,393,548 | $ | 166.95 | $ | 99.97 | $ | (191.56 | ) | $ | 4.07 | |||||||||||||||
| 2021 | $ | 19,698,397 | $ | 28,421,393 | $ | 3,603,355 | $ | 4,912,235 | $ | 127.63 | $ | 136.69 | $ | 79.21 | $ | 1.68 | ||||||||||||||||
| (1) | Our CEO was Ronald J. Kramer for each of 2025, 2024, 2023, 2022 and 2021. |
| (2) | The “compensation actually paid” (or “CAP”) to our CEO reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2025, 2024, 2023, 2022 and 2021: |
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | |||||||||||||||
| CEO | ||||||||||||||||||||
| SCT Total Compensation | 17,515,575 | 16,545,460 | 13,109,546 | 14,288,968 | 19,698,397 | |||||||||||||||
| Less: Stock Award Values Reported in SCT for the Covered Year ($) | (6,427,488 | ) | (6,411,093 | ) | (2,432,249 | ) | (3,637,347 | ) | (9,601,339 | ) | ||||||||||
| Plus: Fair Value for Stock Awards Granted in the Year that are Unvested ($) | 7,370,174 | 5,646,444 | 4,905,206 | 5,630,653 | 10,759,835 | |||||||||||||||
| Change in Fair Value of Outstanding Stock Awards from Prior Years that are Unvested ($) | 4,118,682 | 23,358,229 | 15,785,875 | 12,936,636 | 7,830,900 | |||||||||||||||
| Plus: Fair Value of Stock Awards Granted and Vested in the Year | ||||||||||||||||||||
| Change in Fair Value of Stock Awards Granted that Vested in the Year ($) | 4,789,641 | 14,228,622 | 1,981,440 | 506,570 | ||||||||||||||||
| Less: Fair Value of Stock Awards Forfeited during the Covered Year ($) | (266,400 | ) | ||||||||||||||||||
| Value of Dividends Paid on Equity Awards not Reflected in Fair Value or Total Compensation ($) | ||||||||||||||||||||
| Compensation Actually Paid ($) | 27,366,584 | 53,367,662 | 33,349,818 | 29,725,481 | 28,421,393 | |||||||||||||||
| (3) | Our other NEOs for each of the fiscal years 2025, 2024, 2023, 2022 and 2021 were Robert F. Mehmel, our President and Chief Operating Officer; Brian G. Harris, our Executive Vice President and Chief Financial Officer; and Seth L. Kaplan, our Senior Vice President, General Counsel and Secretary. |
| (4) | The average CAP to our other NEOs reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2025, 2024, 2023, 2022 and 2021: |
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | |||||||||||||||
| Other NEOs | ||||||||||||||||||||
| Average SCT Total Compensation | 5,811,668 | 4,085,163 | 3,068,733 | 3,159,809 | 3,603,355 | |||||||||||||||
| Less: Average Stock Award Values Reported in SCT for the Covered Year ($) | (2,035,338 | ) | (1,923,389 | ) | (822,038 | ) | (1,022,894 | ) | (1,595,332 | ) | ||||||||||
| Plus: Average Fair Value for Stock Awards Granted in the Year that are Unvested ($) | 2,333,849 | 1,693,983 | 1,339,696 | 1,399,524 | 1,774,842 | |||||||||||||||
| Average Change in Fair Value of Outstanding Stock Awards from Prior Years that are Unvested ($) | 1,193,583 | 4,110,627 | 2,527,272 | 1,744,080 | 1,133,229 | |||||||||||||||
| Plus: Average Fair Value of Stock Awards Granted and Vested in the Year | ||||||||||||||||||||
| Average Change in Fair Value of Stock Awards Granted that Vested in the Year ($) | 867,338 | 1,808,551 | 322,556 | 113,029 | 25,741 | |||||||||||||||
| Less: Average Fair Value of Stock Awards Forfeited during the Covered Year ($) | (29,600 | ) | ||||||||||||||||||
| Value of Dividends Paid on Equity Awards not Reflected in Fair Value or Total Compensation ($) | ||||||||||||||||||||
| Average Compensation Actually Paid ($) | 8,171,100 | 9,774,935 | 6,436,219 | 5,393,548 | 4,912,235 | |||||||||||||||
| (5) | For each fiscal year, represents our cumulative TSR for the period beginning October 1, 2020 and ending on September 30 of such year, assuming $100 invested in Griffon common stock on October 1, 2020 and reinvestment of all dividends. |
| (6) | For purposes of this analysis, our peer group TSR is calculated using the Dow Jones Diversified Industrials Index. |
| (7) | Reflects “Net Income (Loss)” as reported in our Consolidated Income Statements included in our Annual Report on Form 10-K for each of the fiscal years ended September 30, 2025, 2024, 2023, 2022 and 2021. |
| (8) | Company selected measure is Adjusted EPS. For a reconciliation of income (loss) from continuing operations to Adjusted EPS for each of fiscal years 2025, 2024, 2023, 2022 and 2021, see Appendix A. |
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | |||||||||||||||
| CEO | ||||||||||||||||||||
| SCT Total Compensation | 17,515,575 | 16,545,460 | 13,109,546 | 14,288,968 | 19,698,397 | |||||||||||||||
| Less: Stock Award Values Reported in SCT for the Covered Year ($) | (6,427,488 | ) | (6,411,093 | ) | (2,432,249 | ) | (3,637,347 | ) | (9,601,339 | ) | ||||||||||
| Plus: Fair Value for Stock Awards Granted in the Year that are Unvested ($) | 7,370,174 | 5,646,444 | 4,905,206 | 5,630,653 | 10,759,835 | |||||||||||||||
| Change in Fair Value of Outstanding Stock Awards from Prior Years that are Unvested ($) | 4,118,682 | 23,358,229 | 15,785,875 | 12,936,636 | 7,830,900 | |||||||||||||||
| Plus: Fair Value of Stock Awards Granted and Vested in the Year | ||||||||||||||||||||
| Change in Fair Value of Stock Awards Granted that Vested in the Year ($) | 4,789,641 | 14,228,622 | 1,981,440 | 506,570 | ||||||||||||||||
| Less: Fair Value of Stock Awards Forfeited during the Covered Year ($) | (266,400 | ) | ||||||||||||||||||
| Value of Dividends Paid on Equity Awards not Reflected in Fair Value or Total Compensation ($) | ||||||||||||||||||||
| Compensation Actually Paid ($) | 27,366,584 | 53,367,662 | 33,349,818 | 29,725,481 | 28,421,393 | |||||||||||||||
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | |||||||||||||||
| Other NEOs | ||||||||||||||||||||
| Average SCT Total Compensation | 5,811,668 | 4,085,163 | 3,068,733 | 3,159,809 | 3,603,355 | |||||||||||||||
| Less: Average Stock Award Values Reported in SCT for the Covered Year ($) | (2,035,338 | ) | (1,923,389 | ) | (822,038 | ) | (1,022,894 | ) | (1,595,332 | ) | ||||||||||
| Plus: Average Fair Value for Stock Awards Granted in the Year that are Unvested ($) | 2,333,849 | 1,693,983 | 1,339,696 | 1,399,524 | 1,774,842 | |||||||||||||||
| Average Change in Fair Value of Outstanding Stock Awards from Prior Years that are Unvested ($) | 1,193,583 | 4,110,627 | 2,527,272 | 1,744,080 | 1,133,229 | |||||||||||||||
| Plus: Average Fair Value of Stock Awards Granted and Vested in the Year | ||||||||||||||||||||
| Average Change in Fair Value of Stock Awards Granted that Vested in the Year ($) | 867,338 | 1,808,551 | 322,556 | 113,029 | 25,741 | |||||||||||||||
| Less: Average Fair Value of Stock Awards Forfeited during the Covered Year ($) | (29,600 | ) | ||||||||||||||||||
| Value of Dividends Paid on Equity Awards not Reflected in Fair Value or Total Compensation ($) | ||||||||||||||||||||
| Average Compensation Actually Paid ($) | 8,171,100 | 9,774,935 | 6,436,219 | 5,393,548 | 4,912,235 | |||||||||||||||
Most Important Financial Performance Metrics.
Listed below are the financial performance measures which, in our view, represent the most important financial performance measures we used to link compensation actually paid to our named executive officers for 2025 to company performance:
| • | Adjusted Earnings Per Share | |
| • | EBITDA | |
| • | Working Capital | |
| • | Return on Invested Capital | |
| • | Relative Total Shareholder Return |
| [1] | Our CEO was Ronald J. Kramer for each of 2025, 2024, 2023, 2022 and 2021. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [2] | The “compensation actually paid” (or “CAP”) to our CEO reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2025, 2024, 2023, 2022 and 2021:
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| [3] | Our other NEOs for each of the fiscal years 2025, 2024, 2023, 2022 and 2021 were Robert F. Mehmel, our President and Chief Operating Officer; Brian G. Harris, our Executive Vice President and Chief Financial Officer; and Seth L. Kaplan, our Senior Vice President, General Counsel and Secretary. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [4] | The average CAP to our other NEOs reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2025, 2024, 2023, 2022 and 2021:
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| [5] | For each fiscal year, represents our cumulative TSR for the period beginning October 1, 2020 and ending on September 30 of such year, assuming $100 invested in Griffon common stock on October 1, 2020 and reinvestment of all dividends. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [6] | For purposes of this analysis, our peer group TSR is calculated using the Dow Jones Diversified Industrials Index. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [7] | Reflects “Net Income (Loss)” as reported in our Consolidated Income Statements included in our Annual Report on Form 10-K for each of the fiscal years ended September 30, 2025, 2024, 2023, 2022 and 2021. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| [8] | Company selected measure is Adjusted EPS. For a reconciliation of income (loss) from continuing operations to Adjusted EPS for each of fiscal years 2025, 2024, 2023, 2022 and 2021, see Appendix A. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||