Masco management check
MAS · Industrials · Building Products · CEO Jonathon Nudi
Filings as of
5 good · 1 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $116, against $83 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 0.87 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.8% of net income$6.6m of reported pay in fiscal 2025, against $810.0m of net income.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.6% a year over the last three fiscal years. Stock-based pay was 0.4% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Jonathon Nudi, Keith Allman. 12 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 | 100 | 55 | |
| Pay for performance | 93 | 86 | |
| CEO cost | 57 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 95 | 62 | |
| Stable leadership | 25 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Building Products, by management score. Masco is 9th 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 10, 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 | Jonathon Nudi, Keith Allman | $6.6m | $6.1m | $2.2m | $116 | $83 | $810.0m |
| 2024 | — | $10.7m | $13.5m | $2.6m | $151 | $108 | $822.0m |
| 2023 | — | $12.5m | $17.1m | $2.3m | $150 | $123 | $908.0m |
| 2022 | — | $6.3m | −$7.1m | $1.6m | $102 | $104 | $844.0m |
| 2021 | — | $13.4m | $30.7m | $3.2m | $150 | $147 | $410.0m |
The board says pay is tied most to Operating profit. Its other key measures: Earnings per Share, Net Sales, Operating Profit, Relative Total Shareholder Return, Return on Invested Capital.
Insiders and the CEO's stake
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Apr 21, 2026Leadership change8-K 5.02
- Feb 12, 2026Leadership change8-K 5.02
- Jan 12, 2026Leadership change8-K 5.02
- Dec 16, 2025Leadership change8-K 5.02
- Dec 8, 2025Leadership change8-K 5.02
- Jul 9, 2025Leadership change8-K 5.02
- Mar 6, 2025Leadership change8-K 5.02
- Feb 27, 2025Leadership change8-K 5.02
- Feb 11, 2025Leadership change8-K 5.02
- Feb 6, 2025Leadership change8-K 5.02
- Jun 10, 2024Leadership change8-K 5.02
- May 15, 2024Leadership change8-K 5.02
Latest shareholder vote results: May 14, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.9bn returned to owners in buybacks and dividends, 128% of net income, and $210.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.4bn | $8.7bn | $8.0bn | $7.8bn | $7.6bn |
| Net income | $410.0m | $844.0m | $908.0m | $822.0m | $810.0m |
| Stock-based pay | $61.0m | $49.0m | $31.0m | $39.0m | $30.0m |
| Buybacks | $1.0bn | $914.0m | $353.0m | $751.0m | $571.0m |
| Dividends | $211.0m | $258.0m | $257.0m | $254.0m | $261.0m |
| Diluted shares | 251m | 232m | 226m | 219m | 210m |
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.