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Pay vs Performance Disclosure | 12 Months Ended
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Aug. 31, 2024 USD ($) | Aug. 31, 2023 USD ($) | Aug. 31, 2022 USD ($) | Aug. 31, 2021 USD ($)
Pay vs Performance Disclosure |  |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance The Company is providing the following information about the relationship of the “compensation actually paid” to its Chief Executive Officer and the “average compensation actually paid” to its other Named Executive Officers (“Other NEOs”), as calculated under the pay versus performance proxy rules adopted by the SEC under the Dodd-Frank Act, for fiscal 2024, fiscal 2023, fiscal 2022, and fiscal 2021 to certain financial performance measures. This information is being provided for the purposes of compliance with the pay versus performance disclosure requirement. Neither the Human Resources and Compensation Committee nor management of the Company used the pay ratio measure in making compensation decisions. For information regarding the decisions made by the Human Resources and Compensation Committee regarding Named Executive Officers’ compensation and for additional details on how the Company aligns pay with performance, see the “Compensation Discussion and Analysis” and “Executive Compensation” sections in this Proxy Statement.
| • |  | The “compensation actually paid” amounts are calculated by making SEC-required adjustments to the “Total” compensation amounts for the Named Executive Officers presented in the Summary Compensation Table. The dollar amounts for “compensation actually paid” in the table below do not reflect the actual amount of compensation earned, realized, or received by the Chief Executive Officer or any individual Named Executive Officer during the applicable fiscal years. A significant portion of the value reflected in the table remains subject to forfeiture if underlying vesting conditions for equity awards are not achieved.
| • |  | The financial performance measures presented are Company total shareholder return (“Company TSR”), peer group total shareholder return (“Peer Group Index TSR”), net earnings, and ROIC. The peer group shown for the purposes of this pay versus performance disclosure is the S&P 600 Construction Machinery & Heavy Transportation Equipment Index, a peer group index that is presented in the Company Stock Performance graph in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2024.
Pay Versus Performance Table – Fiscal 2024
Year (1)(2) |  | Summary Compensation Table Total for PEO (Wood) |  | Compensation Actually Paid (3) to PEO (Wood) |  | Summary Compensation Table Total for PEO (Hassinger) |  | Compensation Actually Paid (3) to PEO (Hassinger) |  | Average Summary Compensation Table Total for Other NEOs |  | Average Compensation Actually Paid (3) to Other NEOs |  | Value of Initial Fixed $100 Investment Based on: |  | Net Earnings ($M) |  | ROIC (6) (%)
| Company TSR (4) |  | Peer Group Index TSR (5)
2024 |  |  |  | 3,650,302 |  |  |  |  | 2,731,764 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,063,089 |  |  |  |  | 883,965 |  |  |  |  | 129.13 |  |  |  |  | 214.76 |  |  |  |  | 66.3 |  |  |  |  | 11.0 |
2023 |  |  |  | 3,859,697 |  |  |  |  | 1,520,230 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 1,131,911 |  |  |  |  | 425,907 |  |  |  |  | 127.70 |  |  |  |  | 168.07 |  |  |  |  | 72.4 |  |  |  |  | 13.4 |
2022 |  |  |  | 3,567,631 |  |  |  |  | 3,810,758 |  |  |  |  | — |  |  |  |  | — |  |  |  |  | 964,640 |  |  |  |  | 1,089,884 |  |  |  |  | 163.38 |  |  |  |  | 122.66 |  |  |  |  | 65.5 |  |  |  |  | 14.8 |
2021 |  |  |  | 2,203,151 |  |  |  |  | 4,245,023 |  |  |  |  | 4,820,110 |  |  |  |  | 12,926,718 |  |  |  |  | 878,122 |  |  |  |  | 1,876,659 |  |  |  |  | 166.30 |  |  |  |  | 127.44 |  |  |  |  | 42.6 |  |  |  |  | 10.4 |
(1) | Mr. Wood succeeded Timothy L. Hassinger as PEO on January 1, 2021; each was a PEO for part of fiscal 2021. Mr. Wood was PEO for the entirety of fiscal 2022, fiscal 2023, and fiscal 2024.
(2) | Other NEOs were Messrs. Ketcham, Oberto, and Marion for each of the reported fiscal years.
(3) | See following table for additional details about the calculation of the “compensation actually paid” value.
|  | SCT Total Compensation |  |  | Less Equity Amounts Reported in SCT |  |  | Plus Fair Value of Equity Awards Granted During the Fiscal Year |  |  | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards |  |  | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year |  |  | Fair Value of Awards as of the Prior Fiscal Year that Failed to Meet Vesting Conditions During the Year |  |  | Compensation Actually Paid |
($) |  | Stock Awards |  |  | Options |
PEO (Wood) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY24 |  |  | 3,650,302 |  |  |  | (1,658,702 | ) |  |  | (499,996 | ) |  |  | 1,816,249 |  |  |  | (528,357 | ) |  |  | (47,733 | ) |  |  | — |  |  |  | 2,731,764 |
FY23 |  |  | 3,859,697 |  |  |  | (1,536,658 | ) |  |  | (481,223 | ) |  |  | 1,776,897 |  |  |  | (1,370,685 | ) |  |  | (727,799 | ) |  |  | — |  |  |  | 1,520,230 |
FY22 |  |  | 3,567,631 |  |  |  | (1,311,505 | ) |  |  | (436,696 | ) |  |  | 1,735,808 |  |  |  | 371,558 |  |  |  | (116,038 | ) |  |  | — |  |  |  | 3,810,758 |
FY21 |  |  | 2,203,151 |  |  |  | (826,466 | ) |  |  | (264,114 | ) |  |  | 1,870,315 |  |  |  | 603,291 |  |  |  | 658,846 |  |  |  | — |  |  |  | 4,245,023 |
PEO (Hassinger) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY21 |  |  | 4,820,110 |  |  |  | (1,720,411 | ) |  |  | (549,891 | ) |  |  | 6,758,957 |  |  |  | 3,465,209 |  |  |  | 152,744 |  |  |  | — |  |  |  | 12,926,718 |
Average of Non-PEO NEOs |
FY24 |  |  | 1,063,089 |  |  |  | (331,612 | ) |  |  | (99,967 | ) |  |  | 363,093 |  |  |  | (102,278 | ) |  |  | (8,361 | ) |  |  | — |  |  |  | 883,965 |
FY23 |  |  | 1,131,911 |  |  |  | (305,863 | ) |  |  | (95,826 | ) |  |  | 353,726 |  |  |  | (353,397 | ) |  |  | (304,644 | ) |  |  | — |  |  |  | 425,907 |
FY22 |  |  | 964,640 |  |  |  | (209,376 | ) |  |  | (68,674 | ) |  |  | 289,147 |  |  |  | 170,698 |  |  |  | (56,551 | ) |  |  | — |  |  |  | 1,089,884 |
FY21 |  |  | 878,122 |  |  |  | (212,218 | ) |  |  | (66,245 | ) |  |  | 561,400 |  |  |  | 377,848 |  |  |  | 337,754 |  |  |  | — |  |  |  | 1,876,659 |
(4) | Company TSR assumes an initial $100 investment in Lindsay Corporation stock beginning on August 31, 2020. Company TSR is cumulative, with the value determined at the end of each applicable fiscal year, calculated in accordance with Item 201(e) of Regulation S-K, as modified by the pay versus performance proxy rules adopted by the SEC under the Dodd-Frank Act.
(5) | The peer group for the purposes of this pay versus performance disclosure is the S&P 600 Construction Machinery & Heavy Transportation Equipment Index, which is used by the Company for purposes of compliance with Item 201(e) of Regulation S-K. Peer Group Index TSR is calculated in accordance with Item 201(e) of Regulation S-K, as modified by the pay versus performance proxy rules adopted by the SEC under the Dodd-Frank Act.
(6) | The SEC requires disclosure of a Company-selected measure. The Company-selected measure for fiscal 2024 is ROIC, which is calculated in the following manner for each fiscal year:
Company Selected Measure Name | ROIC |  |  |
Named Executive Officers, Footnote |
(1) | Mr. Wood succeeded Timothy L. Hassinger as PEO on January 1, 2021; each was a PEO for part of fiscal 2021. Mr. Wood was PEO for the entirety of fiscal 2022, fiscal 2023, and fiscal 2024.
(2) | Other NEOs were Messrs. Ketcham, Oberto, and Marion for each of the reported fiscal years.
Peer Group Issuers, Footnote |
(5) | The peer group for the purposes of this pay versus performance disclosure is the S&P 600 Construction Machinery & Heavy Transportation Equipment Index, which is used by the Company for purposes of compliance with Item 201(e) of Regulation S-K. Peer Group Index TSR is calculated in accordance with Item 201(e) of Regulation S-K, as modified by the pay versus performance proxy rules adopted by the SEC under the Dodd-Frank Act.
Adjustment To PEO Compensation, Footnote |
|  | SCT Total Compensation |  |  | Less Equity Amounts Reported in SCT |  |  | Plus Fair Value of Equity Awards Granted During the Fiscal Year |  |  | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards |  |  | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year |  |  | Fair Value of Awards as of the Prior Fiscal Year that Failed to Meet Vesting Conditions During the Year |  |  | Compensation Actually Paid |
($) |  | Stock Awards |  |  | Options |
PEO (Wood) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY24 |  |  | 3,650,302 |  |  |  | (1,658,702 | ) |  |  | (499,996 | ) |  |  | 1,816,249 |  |  |  | (528,357 | ) |  |  | (47,733 | ) |  |  | — |  |  |  | 2,731,764 |
FY23 |  |  | 3,859,697 |  |  |  | (1,536,658 | ) |  |  | (481,223 | ) |  |  | 1,776,897 |  |  |  | (1,370,685 | ) |  |  | (727,799 | ) |  |  | — |  |  |  | 1,520,230 |
FY22 |  |  | 3,567,631 |  |  |  | (1,311,505 | ) |  |  | (436,696 | ) |  |  | 1,735,808 |  |  |  | 371,558 |  |  |  | (116,038 | ) |  |  | — |  |  |  | 3,810,758 |
FY21 |  |  | 2,203,151 |  |  |  | (826,466 | ) |  |  | (264,114 | ) |  |  | 1,870,315 |  |  |  | 603,291 |  |  |  | 658,846 |  |  |  | — |  |  |  | 4,245,023 |
PEO (Hassinger) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY21 |  |  | 4,820,110 |  |  |  | (1,720,411 | ) |  |  | (549,891 | ) |  |  | 6,758,957 |  |  |  | 3,465,209 |  |  |  | 152,744 |  |  |  | — |  |  |  | 12,926,718 |
Average of Non-PEO NEOs |
FY24 |  |  | 1,063,089 |  |  |  | (331,612 | ) |  |  | (99,967 | ) |  |  | 363,093 |  |  |  | (102,278 | ) |  |  | (8,361 | ) |  |  | — |  |  |  | 883,965 |
FY23 |  |  | 1,131,911 |  |  |  | (305,863 | ) |  |  | (95,826 | ) |  |  | 353,726 |  |  |  | (353,397 | ) |  |  | (304,644 | ) |  |  | — |  |  |  | 425,907 |
FY22 |  |  | 964,640 |  |  |  | (209,376 | ) |  |  | (68,674 | ) |  |  | 289,147 |  |  |  | 170,698 |  |  |  | (56,551 | ) |  |  | — |  |  |  | 1,089,884 |
FY21 |  |  | 878,122 |  |  |  | (212,218 | ) |  |  | (66,245 | ) |  |  | 561,400 |  |  |  | 377,848 |  |  |  | 337,754 |  |  |  | — |  |  |  | 1,876,659 |
Non-PEO NEO Average Total Compensation Amount | $ 1,063,089 | $ 1,131,911 | $ 964,640 | $ 878,122
Non-PEO NEO Average Compensation Actually Paid Amount | $ 883,965 | 425,907 | 1,089,884 | 1,876,659
Adjustment to Non-PEO NEO Compensation Footnote |
|  | SCT Total Compensation |  |  | Less Equity Amounts Reported in SCT |  |  | Plus Fair Value of Equity Awards Granted During the Fiscal Year |  |  | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards |  |  | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year |  |  | Fair Value of Awards as of the Prior Fiscal Year that Failed to Meet Vesting Conditions During the Year |  |  | Compensation Actually Paid |
($) |  | Stock Awards |  |  | Options |
PEO (Wood) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY24 |  |  | 3,650,302 |  |  |  | (1,658,702 | ) |  |  | (499,996 | ) |  |  | 1,816,249 |  |  |  | (528,357 | ) |  |  | (47,733 | ) |  |  | — |  |  |  | 2,731,764 |
FY23 |  |  | 3,859,697 |  |  |  | (1,536,658 | ) |  |  | (481,223 | ) |  |  | 1,776,897 |  |  |  | (1,370,685 | ) |  |  | (727,799 | ) |  |  | — |  |  |  | 1,520,230 |
FY22 |  |  | 3,567,631 |  |  |  | (1,311,505 | ) |  |  | (436,696 | ) |  |  | 1,735,808 |  |  |  | 371,558 |  |  |  | (116,038 | ) |  |  | — |  |  |  | 3,810,758 |
FY21 |  |  | 2,203,151 |  |  |  | (826,466 | ) |  |  | (264,114 | ) |  |  | 1,870,315 |  |  |  | 603,291 |  |  |  | 658,846 |  |  |  | — |  |  |  | 4,245,023 |
PEO (Hassinger) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FY21 |  |  | 4,820,110 |  |  |  | (1,720,411 | ) |  |  | (549,891 | ) |  |  | 6,758,957 |  |  |  | 3,465,209 |  |  |  | 152,744 |  |  |  | — |  |  |  | 12,926,718 |
Average of Non-PEO NEOs |
FY24 |  |  | 1,063,089 |  |  |  | (331,612 | ) |  |  | (99,967 | ) |  |  | 363,093 |  |  |  | (102,278 | ) |  |  | (8,361 | ) |  |  | — |  |  |  | 883,965 |
FY23 |  |  | 1,131,911 |  |  |  | (305,863 | ) |  |  | (95,826 | ) |  |  | 353,726 |  |  |  | (353,397 | ) |  |  | (304,644 | ) |  |  | — |  |  |  | 425,907 |
FY22 |  |  | 964,640 |  |  |  | (209,376 | ) |  |  | (68,674 | ) |  |  | 289,147 |  |  |  | 170,698 |  |  |  | (56,551 | ) |  |  | — |  |  |  | 1,089,884 |
FY21 |  |  | 878,122 |  |  |  | (212,218 | ) |  |  | (66,245 | ) |  |  | 561,400 |  |  |  | 377,848 |  |  |  | 337,754 |  |  |  | — |  |  |  | 1,876,659 |
Compensation Actually Paid vs. Total Shareholder Return |  |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |
Compensation Actually Paid vs. Company Selected Measure |  |  |  |
Total Shareholder Return Vs Peer Group |  |  |  |
Tabular List, Table | In accordance with the pay versus performance rules adopted by the SEC under the Dodd-Frank Act, the Company sets forth below the most important financial measures it used to link pay to performance for fiscal 2024.
| • |  | ROIC
| • |  | Revenue
| • |  | Operating margin
| • |  | Free cash flow
Total Shareholder Return Amount | $ 129.13 | 127.7 | 163.38 | 166.3
Peer Group Total Shareholder Return Amount | 214.76 | 168.07 | 122.66 | 127.44
Net Income (Loss) | $ 66,300,000 | $ 72,400,000 | $ 65,500,000 | $ 42,600,000
Company Selected Measure Amount | 0.11 | 0.134 | 0.148 | 0.104
Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | ROIC |  |  |
Measure:: 2 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Revenue |  |  |
Measure:: 3 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Operating margin |  |  |
Measure:: 4 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Free cash flow |  |  |
Mr. Wood [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
PEO Total Compensation Amount | $ 3,650,302 | $ 3,859,697 | $ 3,567,631 | $ 2,203,151
PEO Actually Paid Compensation Amount | $ 2,731,764 | 1,520,230 | 3,810,758 | 4,245,023
PEO Name | Mr. Wood |  |  |
Timothy L Hassinger [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
PEO Total Compensation Amount |  |  |  | 4,820,110
PEO Actually Paid Compensation Amount |  |  |  | 12,926,718
PEO Name | Timothy L. Hassinger |  |  |
PEO | Mr. Wood [Member] | Equity Amounts Reported Stock Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ (1,658,702) | (1,536,658) | (1,311,505) | (826,466)
PEO | Mr. Wood [Member] | Equity Amounts Reported Options [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (499,996) | (481,223) | (436,696) | (264,114)
PEO | Mr. Wood [Member] | Fair Value of Equity Awards Granted During the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 1,816,249 | 1,776,897 | 1,735,808 | 1,870,315
PEO | Mr. Wood [Member] | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (528,357) | (1,370,685) | 371,558 | 603,291
PEO | Mr. Wood [Member] | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (47,733) | (727,799) | (116,038) | 658,846
PEO | Timothy L Hassinger [Member] | Equity Amounts Reported Stock Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount |  |  |  | (1,720,411)
PEO | Timothy L Hassinger [Member] | Equity Amounts Reported Options [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount |  |  |  | (549,891)
PEO | Timothy L Hassinger [Member] | Fair Value of Equity Awards Granted During the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount |  |  |  | 6,758,957
PEO | Timothy L Hassinger [Member] | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount |  |  |  | 3,465,209
PEO | Timothy L Hassinger [Member] | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount |  |  |  | 152,744
Non-PEO NEO | Equity Amounts Reported Stock Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (331,612) | (305,863) | (209,376) | (212,218)
Non-PEO NEO | Equity Amounts Reported Options [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (99,967) | (95,826) | (68,674) | (66,245)
Non-PEO NEO | Fair Value of Equity Awards Granted During the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 363,093 | 353,726 | 289,147 | 561,400
Non-PEO NEO | Change in Fair Value From Prior Fiscal Year of Unvested and Outstanding Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (102,278) | (353,397) | 170,698 | 377,848
Non-PEO NEO | Change in Fair Value From Prior Fiscal Year for Awards Vesting in the Fiscal Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ (8,361) | $ (304,644) | $ (56,551) | $ 337,754

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