Allegion management check
ALLE · Industrials · Building Products · CEO John H Stone
Filings as of
4 good · 2 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $147, against $220 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.83 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.4% of net income$9.2m of reported pay in fiscal 2025, against $643.8m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 2.3 years of payThe CEO holds 136,161 shares, directly or through trusts (unvested awards not counted): about 2.3 years of pay. 6 insiders sold $2.4m in the last six months, against $27k bought. 3 of 7 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.0% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Good
Is leadership stable?
3 leadership filings in 3 yearsCEO in the pay table: Mr. Stone. 3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 9 | 55 | |
| Pay for performance | 92 | 86 | |
| CEO cost | 37 | 48 | |
| Skin in the game | 33 | 55 | |
| Dilution | 62 | 62 | |
| Stable leadership | 100 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Building Products, by management score. Allegion is 54th of 81 in its sector.
- 73MASMasco78
- 175TTTrane Technologies71
- 251CARRCarrier Global64
- 274AOSA. O. Smith63
- 288JCIJohnson Controls62
- 290ALLEAllegion62
- 458LIILennox International44
Pay versus performance
From the proxy statement filed April 17, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Stone | $9.2m | $19.5m | $2.5m | $147 | $220 | $643.8m |
| 2024 | — | $8.5m | $8.1m | $2.6m | $113 | $219 | $597.5m |
| 2023 | — | $9.0m | $11.7m | $2.6m | $108 | $190 | $540.6m |
| 2022 | — | $9.3m | $9.6m | $1.7m | $88 | $138 | $458.3m |
| 2021 | — | $7.7m | $9.0m | $2.9m | $109 | $153 | $483.3m |
The board says pay is tied most to adjusted (Non-GAAP) EPS. Its other key measures: Adjusted (Non-GAAP) EPS, Adjusted (Non-GAAP) Operating Income, Available Cash Flow, Adjusted Revenue (Non-GAAP).
Insiders and the CEO's stake
John H Stone (President and CEO) held 136,161 shares directly after their latest Form 4 on Aug 1, 2026, roughly $21.3m at that filing's price.
6 insiders sold $2.4m in the last six months, against $27k bought. 3 of 7 sales ran on pre-arranged 10b5-1 plans.
- BoughtSteven MizellDirector$27kAug 28, 2026
- SoldTimothy P EckersleyPresident-Intl & SVP-Allegion$1.0mJul 27, 2026
- SoldRobert C. MartensSVP-Chief Innovation & Design$548kMay 7, 2026
- SoldMichael J. WagnesSVP and CFO · 10b5-1 plan$481kJul 23, 2026
Leadership and governance on file
- Sep 8, 2026Leadership change8-K 5.02
- May 27, 2025Leadership change8-K 5.02
- Dec 5, 2024Leadership change8-K 5.02
- Sep 12, 2023Leadership change8-K 5.02
- Jun 8, 2023Leadership change8-K 5.02
- Apr 17, 2023Leadership change8-K 5.02
- Dec 5, 2022Leadership change8-K 5.02
- May 31, 2022Leadership change8-K 5.02
- Apr 7, 2022Leadership change8-K 5.02
- Feb 15, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 9, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $1.6bn returned to owners in buybacks and dividends, 59% of net income, and $132.3m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.9bn | $3.3bn | $3.7bn | $3.8bn | $4.1bn |
| Net income | $483.3m | $458.3m | $540.6m | $597.5m | $643.8m |
| Stock-based pay | $23.4m | $24.5m | $26.4m | $28.2m | $29.8m |
| Buybacks | $412.8m | $61.0m | $59.9m | $220.0m | $80.0m |
| Dividends | $129.0m | $143.9m | $158.7m | $167.0m | $175.3m |
| Diluted shares | 91m | 88m | 88m | 88m | 87m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.