v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure [Table]          
Pay vs Performance Disclosure, Table

Pay Versus Performance

 

The following table provides information about the relationship between the compensation paid to Hubbell’s executives and the Company’s financial performance.

 

         Average
Summary
Compensation
Table Total for
Non-PEO
Named
Executive
Officers
($)(1)
  Average
Compensation
Actually Paid to
Non-PEO
Named
Executive
Officers
($)(1)(2)
  Value of Initial Fixed $100
Investment Based on:(3)
      
Year  Summary
Compensation
Table Total for
PEO
($)(1)
  Compensation
Actually Paid
to PEO
($)(1)(2)
      Total
Shareholder
Return
($)
  Peer Group
Total
Shareholder
Return
($)(4)
  Net Income
Attributable
to Hubbell
($ millions)(5)
  Adjusted
Diluted
EPS(5)(6)
2025  10,346,752  11,636,745  2,830,219  3,144,443  307.70  222.79  887.1  18.21
2024  9,321,451  23,267,814  2,724,290  5,336,496  286.40  167.74  777.8  16.57
2023  9,666,284  25,195,604  2,755,598  4,109,289  222.14  126.87  759.8  15.33
2022  8,145,111  16,337,722  2,343,695  4,107,995  155.99  100.61  511.3  10.62
2021  6,088,700  12,169,471  2,180,790  3,924,025  135.59  123.73  365.0  8.05

 

(1) Gerben W. Bakker became Chief Executive Officer, effective October 1, 2020, and is reflected in the tables above and below as Principal Executive Officer (“PEO”) for all years presented. The non-PEO NEOs for 2025 and 2024 were William R. Sperry, Mark E. Mikes, Gregory A. Gumbs, and Katherine A. Lane. The non-PEO NEOs for 2023 were William R. Sperry, Allan J. Connolly, Mark E. Mikes, Katherine A. Lane, and Gregory A. Gumbs. The non-PEO NEOs for 2022 were William R. Sperry, Allan J. Connolly, Peter J. Lau, Katherine A. Lane and Alyssa R. Flynn. The non-PEO NEOs for 2021 were William R. Sperry, Allan J. Connolly, Peter J. Lau and Katherine A. Lane.

 

(2) Compensation Actually Paid (“CAP”) reflects the exclusions and inclusions for the PEOs and NEOs set forth below.

 

  PEO: Gerben W. Bakker   2025   2024   2023   2022   2021
  Summary Compensation Table Total ($)   10,346,752   9,321,451   9,666,284   8,145,111   6,088,700
  Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (5,526,100)   (4,692,033)   (4,249,556)   (3,579,025)   (3,130,670)
  Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (1,838,754)   (1,464,957)   (1,394,918)   (1,174,988)   (1,025,488)
  Plus: The fair value as of the end of the fiscal year of unvested equity awards granted in that year   9,883,153   10,459,480   10,631,950   8,505,609   6,411,661
  Plus: The change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year   (353,642)   8,810,234   6,757,770   2,784,556   3,216,228
  Plus: The change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year   (596,019)   1,026,927   3,784,074   1,656,459   601,582
  Plus: Dividends or other earnings paid in stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year          
  Plus: Awards that are granted and vest in the same year, the fair value as of the vesting date          
  Less: Aggregate change in the actuarial present value of accumulated benefit under the retirement plans in which they participate   (278,645)   (193,288)      
  Less: Awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year          
  Plus: Service costs, or the actuarial present value of applicable benefit under all such plans attributable to services rendered during the applicable fiscal year and any prior service costs, where applicable           7,458
  Compensation Actually Paid to PEO ($)   11,636,745   23,267,814   25,195,604   16,337,722   12,169,471

 

  Non-PEO Named Executive Officers   2025   2024   2023   2022   2021
  Summary Compensation Table Total ($)   2,830,219   2,724,290   2,755,598   2,343,695   2,180,790
  Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (1,120,357)   (1,052,082)   (645,123)   (776,747)   (834,774)
  Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (456,284)   (350,019)   (307,501)   (254,992)   (273,441)
  Plus: The fair value as of the end of the fiscal year of unvested equity awards granted in that year   2,100,901   2,365,188   1,597,127   1,845,901   1,709,616
  Plus: The change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year   (69,319)   1,488,421   890,754   623,409   884,446
  Plus: The change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year   (106,199)   186,795   521,081   326,729   257,388
  Plus: Dividends or other earnings paid in stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year          
  Plus: Awards that are granted and vest in the same year, the fair value as of the vesting date          
  Less: Aggregate change in the actuarial present value of accumulated benefit under the retirement plans in which they participate   (34,518)   (26,097)      
  Less: Awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year       (702,647)    
  Plus: Service costs, or the actuarial present value of applicable benefit under all such plans attributable to services rendered during the applicable fiscal year and any prior service costs, where applicable          
  Compensation Actually Paid to Non-PEO Named Executive Officers ($)   3,144,443   5,336,496   4,109,289   4,107,995   3,924,025

 

(3) Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through December 31, 2025, in either the Company or the Peer Group, and reinvestment of the pre-tax value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance.

 

(4) For purposes of this disclosure, the Peer Group used is the Dow Jones U.S. Electrical Components & Equipment Index.

 

(5) Net Income Attributable to Hubbell and Adjusted Diluted EPS are calculated as set forth in our Annual Report on Form 10-K for the applicable year.

 

(6) Adjusted Diluted EPS” was determined to be the “most important” financial performance metric used to link performance to CAP for 2025. Adjusted Diluted EPS is a non-GAAP financial measure. A reconciliation to the comparable GAAP financial measure can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.
       
Company Selected Measure Name Adjusted Diluted EPS        
Named Executive Officers, Footnote [Text Block]

(1) Gerben W. Bakker became Chief Executive Officer, effective October 1, 2020, and is reflected in the tables above and below as Principal Executive Officer (“PEO”) for all years presented. The non-PEO NEOs for 2025 and 2024 were William R. Sperry, Mark E. Mikes, Gregory A. Gumbs, and Katherine A. Lane. The non-PEO NEOs for 2023 were William R. Sperry, Allan J. Connolly, Mark E. Mikes, Katherine A. Lane, and Gregory A. Gumbs. The non-PEO NEOs for 2022 were William R. Sperry, Allan J. Connolly, Peter J. Lau, Katherine A. Lane and Alyssa R. Flynn. The non-PEO NEOs for 2021 were William R. Sperry, Allan J. Connolly, Peter J. Lau and Katherine A. Lane.
       
Peer Group Issuers, Footnote

(4) For purposes of this disclosure, the Peer Group used is the Dow Jones U.S. Electrical Components & Equipment Index.
       
PEO Total Compensation Amount [1] $ 10,346,752 $ 9,321,451 $ 9,666,284 $ 8,145,111 $ 6,088,700
PEO Actually Paid Compensation Amount [1],[2] $ 11,636,745 23,267,814 25,195,604 16,337,722 12,169,471
Adjustment To PEO Compensation, Footnote

 

(2) Compensation Actually Paid (“CAP”) reflects the exclusions and inclusions for the PEOs and NEOs set forth below.

 

  PEO: Gerben W. Bakker   2025   2024   2023   2022   2021
  Summary Compensation Table Total ($)   10,346,752   9,321,451   9,666,284   8,145,111   6,088,700
  Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (5,526,100)   (4,692,033)   (4,249,556)   (3,579,025)   (3,130,670)
  Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (1,838,754)   (1,464,957)   (1,394,918)   (1,174,988)   (1,025,488)
  Plus: The fair value as of the end of the fiscal year of unvested equity awards granted in that year   9,883,153   10,459,480   10,631,950   8,505,609   6,411,661
  Plus: The change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year   (353,642)   8,810,234   6,757,770   2,784,556   3,216,228
  Plus: The change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year   (596,019)   1,026,927   3,784,074   1,656,459   601,582
  Plus: Dividends or other earnings paid in stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year          
  Plus: Awards that are granted and vest in the same year, the fair value as of the vesting date          
  Less: Aggregate change in the actuarial present value of accumulated benefit under the retirement plans in which they participate   (278,645)   (193,288)      
  Less: Awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year          
  Plus: Service costs, or the actuarial present value of applicable benefit under all such plans attributable to services rendered during the applicable fiscal year and any prior service costs, where applicable           7,458
  Compensation Actually Paid to PEO ($)   11,636,745   23,267,814   25,195,604   16,337,722   12,169,471
       
Non-PEO NEO Average Total Compensation Amount [1] $ 2,830,219 2,724,290 2,755,598 2,343,695 2,180,790
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2] $ 3,144,443 5,336,496 4,109,289 4,107,995 3,924,025
Adjustment to Non-PEO NEO Compensation Footnote

 

  Non-PEO Named Executive Officers   2025   2024   2023   2022   2021
  Summary Compensation Table Total ($)   2,830,219   2,724,290   2,755,598   2,343,695   2,180,790
  Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (1,120,357)   (1,052,082)   (645,123)   (776,747)   (834,774)
  Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718   (456,284)   (350,019)   (307,501)   (254,992)   (273,441)
  Plus: The fair value as of the end of the fiscal year of unvested equity awards granted in that year   2,100,901   2,365,188   1,597,127   1,845,901   1,709,616
  Plus: The change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year   (69,319)   1,488,421   890,754   623,409   884,446
  Plus: The change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year   (106,199)   186,795   521,081   326,729   257,388
  Plus: Dividends or other earnings paid in stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year          
  Plus: Awards that are granted and vest in the same year, the fair value as of the vesting date          
  Less: Aggregate change in the actuarial present value of accumulated benefit under the retirement plans in which they participate   (34,518)   (26,097)      
  Less: Awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year       (702,647)    
  Plus: Service costs, or the actuarial present value of applicable benefit under all such plans attributable to services rendered during the applicable fiscal year and any prior service costs, where applicable          
  Compensation Actually Paid to Non-PEO Named Executive Officers ($)   3,144,443   5,336,496   4,109,289   4,107,995   3,924,025
       
Compensation Actually Paid vs. Total Shareholder Return

  

The following is a graphic illustration of the connection between pay and performance: 

 

 

Compensation Actually Paid vs.
Total Shareholder Return
  Compensation Actually Paid vs.
Net Income Attributable to Hubbell
 

 

  Compensation Actually Paid vs.
Adjusted Diluted EPS(1)
 
   

       
Compensation Actually Paid vs. Net Income

  

The following is a graphic illustration of the connection between pay and performance: 

 

 

Compensation Actually Paid vs.
Total Shareholder Return
  Compensation Actually Paid vs.
Net Income Attributable to Hubbell
 

 

  Compensation Actually Paid vs.
Adjusted Diluted EPS(1)
 
   

       
Compensation Actually Paid vs. Company Selected Measure

  

The following is a graphic illustration of the connection between pay and performance: 

 

 

Compensation Actually Paid vs.
Total Shareholder Return
  Compensation Actually Paid vs.
Net Income Attributable to Hubbell
 

 

  Compensation Actually Paid vs.
Adjusted Diluted EPS(1)
 
   
       
Total Shareholder Return Vs Peer Group

  

The following is a graphic illustration of the connection between pay and performance: 

 

 

Compensation Actually Paid vs.
Total Shareholder Return
  Compensation Actually Paid vs.
Net Income Attributable to Hubbell
 

 

  Compensation Actually Paid vs.
Adjusted Diluted EPS(1)
 
   
       
Tabular List, Table

Most Important Measures to Determine CAP for the fiscal year ended December 31, 2025

 

The four measures listed in the table below represent the most important metrics we used to determine CAP for the fiscal year ended December 31, 2025, as further described in the CD&A section beginning on page 36.

 

Most Important Measures
Adjusted Diluted Earnings Per Share (EPS)(1)
Relative Sales Growth
Adjusted Operating Profit Margin(1)
Relative Total Shareholder Return

(1) Adjusted diluted earnings per share and adjusted operating profit margin are non-GAAP financial measures. A reconciliation to the comparable GAAP financial measures can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.
       
Total Shareholder Return Amount [3] $ 307.70 286.40 222.14 155.99 135.59
Peer Group Total Shareholder Return Amount [3],[4] 222.79 167.74 126.87 100.61 123.73
Net Income (Loss) Attributable to Parent [5] $ 887,100,000 $ 777,800,000 $ 759,800,000 $ 511,300,000 $ 365,000,000.0
Company Selected Measure Amount | $ / shares [5],[6] 18.21 16.57 15.33 10.62 8.05
PEO Name Gerben W. Bakker Gerben W. Bakker Gerben W. Bakker Gerben W. Bakker Gerben W. Bakker
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name [7] Adjusted Diluted Earnings Per Share (EPS)        
Non-GAAP Measure Description
(6) Adjusted Diluted EPS” was determined to be the “most important” financial performance metric used to link performance to CAP for 2025. Adjusted Diluted EPS is a non-GAAP financial measure. A reconciliation to the comparable GAAP financial measure can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.
       
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name Relative Sales Growth        
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name [7] Adjusted Operating Profit Margin        
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name Relative Total Shareholder Return        
PEO [Member] | Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ (5,526,100) $ (4,692,033) $ (4,249,556) $ (3,579,025) $ (3,130,670)
PEO [Member] | Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (1,838,754) (1,464,957) (1,394,918) (1,174,988) (1,025,488)
PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 9,883,153 10,459,480 10,631,950 8,505,609 6,411,661
PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (353,642) 8,810,234 6,757,770 2,784,556 3,216,228
PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (596,019) 1,026,927 3,784,074 1,656,459 601,582
PEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 0
PEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 0
PEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (278,645) (193,288) 0 0 0
PEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 0
PEO [Member] | Aggregate Pension Adjustments Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 7,458
Non-PEO NEO [Member] | Less: Aggregate grant date fair value of restricted stock and performance shares granted in the applicable year as calculated in accordance with FASB ASC Topic 718          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (1,120,357) (1,052,082) (645,123) (776,747) (834,774)
Non-PEO NEO [Member] | Less: Aggregate grant date fair value of SARs granted in the applicable year as calculated in accordance with FASB ASC Topic 718          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (456,284) (350,019) (307,501) (254,992) (273,441)
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 2,100,901 2,365,188 1,597,127 1,845,901 1,709,616
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (69,319) 1,488,421 890,754 623,409 884,446
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (106,199) 186,795 521,081 326,729 257,388
Non-PEO NEO [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 0
Non-PEO NEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 0 0 0
Non-PEO NEO [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (34,518) (26,097) 0 0 0
Non-PEO NEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0 0 (702,647) 0 0
Non-PEO NEO [Member] | Aggregate Pension Adjustments Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ 0 $ 0 $ 0 $ 0 $ 0
[1] Gerben W. Bakker became Chief Executive Officer, effective October 1, 2020, and is reflected in the tables above and below as Principal Executive Officer (“PEO”) for all years presented. The non-PEO NEOs for 2025 and 2024 were William R. Sperry, Mark E. Mikes, Gregory A. Gumbs, and Katherine A. Lane. The non-PEO NEOs for 2023 were William R. Sperry, Allan J. Connolly, Mark E. Mikes, Katherine A. Lane, and Gregory A. Gumbs. The non-PEO NEOs for 2022 were William R. Sperry, Allan J. Connolly, Peter J. Lau, Katherine A. Lane and Alyssa R. Flynn. The non-PEO NEOs for 2021 were William R. Sperry, Allan J. Connolly, Peter J. Lau and Katherine A. Lane.
[2] Compensation Actually Paid (“CAP”) reflects the exclusions and inclusions for the PEOs and NEOs set forth below.
[3] Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through December 31, 2025, in either the Company or the Peer Group, and reinvestment of the pre-tax value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance.
[4] For purposes of this disclosure, the Peer Group used is the Dow Jones U.S. Electrical Components & Equipment Index.
[5] Net Income Attributable to Hubbell and Adjusted Diluted EPS are calculated as set forth in our Annual Report on Form 10-K for the applicable year.
[6] “Adjusted Diluted EPS” was determined to be the “most important” financial performance metric used to link performance to CAP for 2025. Adjusted Diluted EPS is a non-GAAP financial measure. A reconciliation to the comparable GAAP financial measure can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.
[7] Adjusted diluted earnings per share and adjusted operating profit margin are non-GAAP financial measures. A reconciliation to the comparable GAAP financial measures can be found in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.