v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and Item 402(v) of Regulation
S-K,
we provide the following disclosure regarding executive compensation and Company performance for the years listed below. For further information concerning the Company’s variable
pay-for-performance
philosophy and how the Company aligns executive compensation with the Company’s performance, refer to Executive Compensation – Compensation Discussion and Analysis. The Compensation and Talent Management Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. For a reconciliation of
non-GAAP
financial measures to the comparable GAAP measures, see pages 27 to 30 of the Company’s Annual Report on Form
10-K
for the year ended December 31, 2025.
 
Year
  
Summary
Compensation
Table Total for
PEO
Blanco
(1)
    
Compensation
Actually
Paid to
PEO
Blanco
(2)(3)
    
Summary
Compensation
Table Total for PEO
Vartanian
(1)
    
Compensation
Actually Paid
to PEO
Vartanian
(2)(3)
    
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
(1)
    
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(2)(3)
         
Value of Initial Fixed $100
Investment Based on:
(4)
    
Net
Income
($MM)
    
Company
Selected
Measure -
Sales
Revenue
($MM)
(5)
 
 
Total
Shareholder
Return
    
Peer Group
Total
Shareholder
Return
 
2025
     $6,430,363        $5,630,654       
 
 
 
 
 
    
 
 
 
 
 
     $1,397,518        $  434,597      
 
 
 
 
 
    $113.87        $191.48        $278.9        $1,874.8  
2024
     $4,242,990        $3,218,826        $ 6,283,354        $ 3,275,322        $1,729,637        $1,209,721      
 
 
 
 
 
    $116.36        $169.56        $285.0        $1,808.1  
2023
    
 
 
 
 
 
    
 
 
 
 
 
     $10,008,650        $19,833,362        $2,356,648        $3,683,003      
 
 
 
 
 
    $117.21        $149.41        $ 58.6        $1,787.6  
2022
    
 
 
 
 
 
    
 
 
 
 
 
     $ 6,168,869        $ 9,224,256        $1,360,803        $1,079,894      
 
 
 
 
 
    $98.91        $113.68        $179.6        $1,528.0  
2021
    
 
 
 
 
 
    
 
 
 
 
 
     $ 6,794,020        $ 7,535,588        $1,560,785        $1,795,350      
 
 
 
 
 
    $102.15        $128.45        $ 21.3        $1,400.2  
Equity values are calculated in accordance with FASB ASC Topic 718. The following types of equity award adjustments were not applicable to Company equity awards, as such events did not occur: (i) adjustments for awards that are granted and vest in the same covered year, and (ii) adjustments for the dollar value of any dividends or other earnings paid on stock awards in the covered year prior to the vesting date that are not otherwise included in the total compensation for the covered year. There were no adjustments required for prior pension service cost (which is calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered year that are attributed by the benefit formula to services rendered in periods prior to the amendment).
 
1  
The amounts reflect the Summary Compensation Table total compensation figures for Steven C. Blanco, our principal executive officer (“PEO”), beginning on May 10, 2024 and for Nishan J. Vartanian, our PEO for each of the years listed until May 10, 2024. The
Non-PEO
NEOs for whom the Summary Compensation Table total average compensation is presented are: for 2025, Julie A. Beck, Stephanie L. Sciullo, David J. Howells, Richard W. Roda, Elyse L. Brody, and Lee B. McChesney; for 2024, Lee B. McChesney, Stephanie L. Sciullo, David J. Howells, Richard W. Roda, and Bob W. Leenen; for 2023, Lee B. McChesney, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo; for 2022, Lee B. McChesney, Jonathan D. Buck, Kenneth D. Krause, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo; and for 2021, Kenneth D. Krause, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo.
2  
The amounts shown for Compensation Actually Paid to our PEO and Average Compensation Actually Paid to
Non-PEO
NEOs have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually realized or received by such persons. These amounts reflect total compensation as set forth in the Summary Compensation Table above for each year, adjusted as described in footnote 3 below.
3  
Compensation Actually Paid reflects the exclusions and inclusions from the Summary Compensation Table total for our PEO and
Non-PEO
NEOs as set forth below. Amounts excluded, which are set forth in the “Exclusion of Stock Awards, Forfeited Awards and Change in Pension Value” columns in each of the PEO Compensation Actually Paid and the
Non-PEO
NEOs Compensation Actually Paid tables below in this footnote (3), are the aggregate of the amounts shown in the “Stock Awards” and “Change in Pension Value” columns from the Summary Compensation Table. Amounts included, which are set forth in the “Inclusion of Equity Award Adjustments and Pension Service Cost” columns in each of such tables below in this footnote (3), are the aggregate of the following components:
 
  i.  
Add the fair value as of the end of the year of unvested equity awards granted in that year;
  ii.  
Add the change in fair value (if positive, or subtract if negative) as of the end of the year (from the end of the prior year) of equity awards granted in prior years that remained outstanding and unvested at the end of the year;
  iii.  
Add the change in fair value (if positive, or subtract if negative) as of the vesting date during the year (from the end of the prior year) of equity awards granted in prior years that vested during that year;
  iv.  
Subtract the fair value at the end of the prior year for awards granted in prior years that forfeited or failed to meet applicable vesting conditions during the covered year; and
  v.  
Add the pension service cost (which is calculated as the actuarial present value of each NEO’s benefit under all plans reported in the “Changes to Pension Value” in the Summary Compensation Table, attributable to services rendered during the covered year).
 
 
PEO Compensation Actually Paid
 
Year
  
Summary Compensation
Table Total for PEO
    
Exclusion of Stock Awards
and Change in Pension Value
    
Inclusion of Equity
Award Adjustments
and Pension
Service Costs(a)
    
Compensation
Actually Paid
to PEO
 
 
 
    
 
 
 
 
 
    
Blanco
      
 
 
 
 
 
    
 
 
 
 
 
2025
     $ 6,430,363        $4,611,362        $ 3,811,653        $ 5,630,654  
2024
     $ 4,242,990        $2,705,195        $ 1,681,031        $ 3,218,826  
 
 
    
 
 
 
 
 
    
Vartanian
      
 
 
 
 
 
    
 
 
 
 
 
2024
     $ 6,283,354        $3,349,724        $   341,692        $ 3,275,322  
2023
     $10,008,650        $6,690,112        $16,514,824        $19,833,362  
2022
     $ 6,168,869        $3,919,131        $ 6,974,518        $ 9,224,256  
2021
     $ 6,794,020        $4,870,016        $ 5,611,584        $ 7,535,588  
 
(a)  
The components of the amounts shown in this column for our PEO are set forth in the table below:
PEO Components of Compensation Actually Paid
 
 
 
 
Year
 
 
Fair Value of
Awards Granted in
Applicable Year, at
Year End
         
Change in Value* of Prior
Years’ Awards Unvested in
Applicable Year, at
Year End
         
Change in Value* of
Prior Years’ Awards that
Vested in Applicable
Year, at Vesting Date
         
Total Value as of the End
of the Prior Year of
Forfeited Awards in
Applicable Year
   
Total Equity
Award
Adjustments
(total of
prior four
columns)
   
Pension
Service
Costs
   
Total Equity
Award
Adjustments
and Pension
Service
Costs
 
     
RSUs
   
PSUs
         
RSUs
   
PSUs
         
RSUs
   
PSUs
         
RSUs
   
PSUs
 
 
 
 
Blanco
 
 
 
 
2025
   
 
  $ 822,319     $  3,046,422      
 
 
 
 
 
    $(31,151)       $  (106,898)      
 
 
 
 
 
    $  (8,612)       $ (75,755)      
 
 
 
 
 
    $—       $—       $ 3,646,324       $165,329     $ 3,811,653  
 
 
 
2024
   
 
  $ 448,739     $  2,435,765      
 
 
 
 
 
    $(12,035)       $(1,409,073)      
 
 
 
 
 
    $  13,467       $   93,759      
 
 
 
 
 
    $—       $—       $ 1,570,623       $110,408     $ 1,681,031  
 
 
 
Vartanian
 
 
 
 
2024
   
 
  $     —     $       —      
 
 
 
 
 
    $     —       $  (434,964)      
 
 
 
 
 
    $      —       $  605,764      
 
 
 
 
 
    $—       $—       $   170,800       $170,892     $ 341,692  
 
 
 
2023
   
 
  $     —     $ 11,399,062      
 
 
 
 
 
    $     —       $ 5,154,764      
 
 
 
 
 
    $      —       $(164,194)      
 
 
 
 
 
    $—       $—       $16,389,632       $125,192     $ 16,514,824  
 
 
 
2022
   
 
  $     —     $  6,224,623      
 
 
 
 
 
    $     —       $ 1,023,544      
 
 
 
 
 
    $(127,202)       $(326,530)      
 
 
 
 
 
    $—       $—       $ 6,794,435       $180,083     $ 6,974,518  
 
 
 
2021
   
 
  $     —     $  4,224,222      
 
 
 
 
 
    $  8,947       $  991,025      
 
 
 
 
 
    $      —       $ 176,781      
 
 
 
 
 
    $—       $—       $ 5,400,976       $210,608     $ 5,611,584  
 
  *  
The change in value for each award is measured from the value at the end of the prior year.
Non-PEO
NEOs Compensation Actually Paid
 
Year
  
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
    
Exclusion of Stock Awards
and Change in Pension Value
    
Inclusion of Equity
Award Adjustments
and Pension Service
Costs(a)
    
Average
Compensation
Actually Paid to
Non-PEO
NEOs
 
2025
     $1,397,518        $743,972        $ (218,949)        $  434,597  
2024
     $1,729,637        $610,693        $    90,778        $1,209,721  
2023
     $2,356,648        $955,099        $2,281,454        $3,683,003  
2022
     $1,360,803        $720,857        $  439,948        $1,079,894  
2021
     $1,560,785        $723,667        $  958,232        $1,795,350  
 
(a)  
The components of the amounts shown in this column for our
Non-PEO
NEOs are set forth in the table below:
 
 
Average of
Non-PEO
NEOs Components of Compensation Actually Paid
 
  
 
Year
       
Fair Value of Awards
Granted in Applicable
Year, at Year End
         
Change in Value* of
Prior Years’ Awards
Unvested in
Applicable Year, at
Year End
         
Change in Value* of
Prior Years’ Awards
that Vested in
Applicable Year,
at Vesting Date
         
Total Value as of the
End of the Prior Year of
Forfeited Awards in
Applicable Year
   
Total Equity
Award
Adjustments
(total of
prior four
columns)
   
Pension
Service
Costs
    
Total Equity
Award
Adjustments
and Pension
Service
Costs
 
   
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
 
 
 
  2025    
 
 
 
 
 
  $ 178,022     $ 229,100      
 
 
 
 
 
  $ (5,611   $ (16,322    
 
 
 
 
 
  $ 4,178     $ (10,238    
 
 
 
 
 
  $ (124,328   $ (485,264     $  (230,463   $ 11,514      $ (218,949
 
 
 
2024
   
 
 
 
 
 
  $ 152,475     $ 452,559      
 
 
 
 
 
  $ (9,815   $ (180,709    
 
 
 
 
 
  $ 7,783     $ 23,503      
 
 
 
 
 
  $ (66,992   $ (320,213     $   58,592     $ 32,186      $ 90,778  
 
 
 
2023
   
 
 
 
 
 
  $ 333,524     $ 1,410,147      
 
 
 
 
 
  $ 85,476     $ 420,864      
 
 
 
 
 
  $ (4,384   $ (11,282    
 
 
 
 
 
  $     $       $2,234,346     $ 47,108      $ 2,281,454  
 
 
 
2022
   
 
 
 
 
 
  $ 326,590     $ 358,040      
 
 
 
 
 
  $ (6,523   $ 50,007      
 
 
 
 
 
  $ (14,545   $ (30,849    
 
 
 
 
 
  $ (61,567   $ (246,302     $  374,852     $ 65,096      $ 439,948  
 
 
 
2021
   
 
 
 
 
 
  $ 130,392     $ 556,774      
 
 
 
 
 
  $ 3,027     $ 110,715      
 
 
 
 
 
  $ 13,552     $ 48,418      
 
 
 
 
 
  $     $       $  862,876     $ 95,356      $ 958,232  
 
  *  
The change in value for each award is measured from the value at the end of the prior year.
 
4  
This column shows TSR and peer group TSR on a cumulative basis for each year of the five-year period from 2021 through 2025. For purposes of this disclosure, the peer group is the S&P Midcap 400 Industrials Market Index. Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through December 31, 2025, in either the Company or the S&P Midcap 400 Industrials Market Index, and reinvestment of the
pre-tax
value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance.
5  
We determined sales revenue to be the “most important” financial performance measure used to link performance to Compensation Actually Paid to our PEO and Average Compensation Actually Paid to
Non-PEO
NEOs in 2025, in accordance with Item 402(v) of Regulation
S-K.
       
Company Selected Measure Name sales revenue        
Named Executive Officers, Footnote The amounts reflect the Summary Compensation Table total compensation figures for Steven C. Blanco, our principal executive officer (“PEO”), beginning on May 10, 2024 and for Nishan J. Vartanian, our PEO for each of the years listed until May 10, 2024. The
Non-PEO
NEOs for whom the Summary Compensation Table total average compensation is presented are: for 2025, Julie A. Beck, Stephanie L. Sciullo, David J. Howells, Richard W. Roda, Elyse L. Brody, and Lee B. McChesney; for 2024, Lee B. McChesney, Stephanie L. Sciullo, David J. Howells, Richard W. Roda, and Bob W. Leenen; for 2023, Lee B. McChesney, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo; for 2022, Lee B. McChesney, Jonathan D. Buck, Kenneth D. Krause, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo; and for 2021, Kenneth D. Krause, Steven C. Blanco, Bob W. Leenen and Stephanie L. Sciullo.
       
Peer Group Issuers, Footnote This column shows TSR and peer group TSR on a cumulative basis for each year of the five-year period from 2021 through 2025. For purposes of this disclosure, the peer group is the S&P Midcap 400 Industrials Market Index. Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through December 31, 2025, in either the Company or the S&P Midcap 400 Industrials Market Index, and reinvestment of the
pre-tax
value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance.
       
Adjustment To PEO Compensation, Footnote
PEO Compensation Actually Paid
 
Year
  
Summary Compensation
Table Total for PEO
    
Exclusion of Stock Awards
and Change in Pension Value
    
Inclusion of Equity
Award Adjustments
and Pension
Service Costs(a)
    
Compensation
Actually Paid
to PEO
 
 
 
    
 
 
 
 
 
    
Blanco
      
 
 
 
 
 
    
 
 
 
 
 
2025
     $ 6,430,363        $4,611,362        $ 3,811,653        $ 5,630,654  
2024
     $ 4,242,990        $2,705,195        $ 1,681,031        $ 3,218,826  
 
 
    
 
 
 
 
 
    
Vartanian
      
 
 
 
 
 
    
 
 
 
 
 
2024
     $ 6,283,354        $3,349,724        $   341,692        $ 3,275,322  
2023
     $10,008,650        $6,690,112        $16,514,824        $19,833,362  
2022
     $ 6,168,869        $3,919,131        $ 6,974,518        $ 9,224,256  
2021
     $ 6,794,020        $4,870,016        $ 5,611,584        $ 7,535,588  
 
(a)  
The components of the amounts shown in this column for our PEO are set forth in the table below:
PEO Components of Compensation Actually Paid
 
 
 
 
Year
 
 
Fair Value of
Awards Granted in
Applicable Year, at
Year End
         
Change in Value* of Prior
Years’ Awards Unvested in
Applicable Year, at
Year End
         
Change in Value* of
Prior Years’ Awards that
Vested in Applicable
Year, at Vesting Date
         
Total Value as of the End
of the Prior Year of
Forfeited Awards in
Applicable Year
   
Total Equity
Award
Adjustments
(total of
prior four
columns)
   
Pension
Service
Costs
   
Total Equity
Award
Adjustments
and Pension
Service
Costs
 
     
RSUs
   
PSUs
         
RSUs
   
PSUs
         
RSUs
   
PSUs
         
RSUs
   
PSUs
 
 
 
 
Blanco
 
 
 
 
2025
   
 
  $ 822,319     $  3,046,422      
 
 
 
 
 
    $(31,151)       $  (106,898)      
 
 
 
 
 
    $  (8,612)       $ (75,755)      
 
 
 
 
 
    $—       $—       $ 3,646,324       $165,329     $ 3,811,653  
 
 
 
2024
   
 
  $ 448,739     $  2,435,765      
 
 
 
 
 
    $(12,035)       $(1,409,073)      
 
 
 
 
 
    $  13,467       $   93,759      
 
 
 
 
 
    $—       $—       $ 1,570,623       $110,408     $ 1,681,031  
 
 
 
Vartanian
 
 
 
 
2024
   
 
  $     —     $       —      
 
 
 
 
 
    $     —       $  (434,964)      
 
 
 
 
 
    $      —       $  605,764      
 
 
 
 
 
    $—       $—       $   170,800       $170,892     $ 341,692  
 
 
 
2023
   
 
  $     —     $ 11,399,062      
 
 
 
 
 
    $     —       $ 5,154,764      
 
 
 
 
 
    $      —       $(164,194)      
 
 
 
 
 
    $—       $—       $16,389,632       $125,192     $ 16,514,824  
 
 
 
2022
   
 
  $     —     $  6,224,623      
 
 
 
 
 
    $     —       $ 1,023,544      
 
 
 
 
 
    $(127,202)       $(326,530)      
 
 
 
 
 
    $—       $—       $ 6,794,435       $180,083     $ 6,974,518  
 
 
 
2021
   
 
  $     —     $  4,224,222      
 
 
 
 
 
    $  8,947       $  991,025      
 
 
 
 
 
    $      —       $ 176,781      
 
 
 
 
 
    $—       $—       $ 5,400,976       $210,608     $ 5,611,584  
 
  *  
The change in value for each award is measured from the value at the end of the prior year.
       
Non-PEO NEO Average Total Compensation Amount $ 1,397,518 $ 1,729,637 $ 2,356,648 $ 1,360,803 $ 1,560,785
Non-PEO NEO Average Compensation Actually Paid Amount $ 434,597 1,209,721 3,683,003 1,079,894 1,795,350
Adjustment to Non-PEO NEO Compensation Footnote
Non-PEO
NEOs Compensation Actually Paid
 
Year
  
Average Summary
Compensation Table
Total for
Non-PEO

NEOs
    
Exclusion of Stock Awards
and Change in Pension Value
    
Inclusion of Equity
Award Adjustments
and Pension Service
Costs(a)
    
Average
Compensation
Actually Paid to
Non-PEO
NEOs
 
2025
     $1,397,518        $743,972        $ (218,949)        $  434,597  
2024
     $1,729,637        $610,693        $    90,778        $1,209,721  
2023
     $2,356,648        $955,099        $2,281,454        $3,683,003  
2022
     $1,360,803        $720,857        $  439,948        $1,079,894  
2021
     $1,560,785        $723,667        $  958,232        $1,795,350  
 
(a)  
The components of the amounts shown in this column for our
Non-PEO
NEOs are set forth in the table below:
 
 
Average of
Non-PEO
NEOs Components of Compensation Actually Paid
 
  
 
Year
       
Fair Value of Awards
Granted in Applicable
Year, at Year End
         
Change in Value* of
Prior Years’ Awards
Unvested in
Applicable Year, at
Year End
         
Change in Value* of
Prior Years’ Awards
that Vested in
Applicable Year,
at Vesting Date
         
Total Value as of the
End of the Prior Year of
Forfeited Awards in
Applicable Year
   
Total Equity
Award
Adjustments
(total of
prior four
columns)
   
Pension
Service
Costs
    
Total Equity
Award
Adjustments
and Pension
Service
Costs
 
   
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
     
 
   
RSUs
   
PSUs
 
 
 
  2025    
 
 
 
 
 
  $ 178,022     $ 229,100      
 
 
 
 
 
  $ (5,611   $ (16,322    
 
 
 
 
 
  $ 4,178     $ (10,238    
 
 
 
 
 
  $ (124,328   $ (485,264     $  (230,463   $ 11,514      $ (218,949
 
 
 
2024
   
 
 
 
 
 
  $ 152,475     $ 452,559      
 
 
 
 
 
  $ (9,815   $ (180,709    
 
 
 
 
 
  $ 7,783     $ 23,503      
 
 
 
 
 
  $ (66,992   $ (320,213     $   58,592     $ 32,186      $ 90,778  
 
 
 
2023
   
 
 
 
 
 
  $ 333,524     $ 1,410,147      
 
 
 
 
 
  $ 85,476     $ 420,864      
 
 
 
 
 
  $ (4,384   $ (11,282    
 
 
 
 
 
  $     $       $2,234,346     $ 47,108      $ 2,281,454  
 
 
 
2022
   
 
 
 
 
 
  $ 326,590     $ 358,040      
 
 
 
 
 
  $ (6,523   $ 50,007      
 
 
 
 
 
  $ (14,545   $ (30,849    
 
 
 
 
 
  $ (61,567   $ (246,302     $  374,852     $ 65,096      $ 439,948  
 
 
 
2021
   
 
 
 
 
 
  $ 130,392     $ 556,774      
 
 
 
 
 
  $ 3,027     $ 110,715      
 
 
 
 
 
  $ 13,552     $ 48,418      
 
 
 
 
 
  $     $       $  862,876     $ 95,356      $ 958,232  
 
  *  
The change in value for each award is measured from the value at the end of the prior year.
       
Compensation Actually Paid vs. Total Shareholder Return
Relationship Among Compensation Actually Paid, Company Cumulative TSR, and Peer Group Cumulative TSR
The following chart sets forth the relationship among Compensation Actually Paid to our PEO, the average Compensation Actually Paid to Non-PEO NEOs, the Company’s cumulative TSR, and the TSR for the S&P Midcap 400 Industrials Market Index (the peer group for purposes of this disclosure) for each year of the five-year period from 2021 through 2025)
Note: In the next three charts, the term “CAP” means Compensation Actually Paid
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
Relationship Between Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
Non-PEO
NEOs and our net income for each year of the five-year period from 2021 through 2025.
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid and Sales Revenue
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to
Non-PEO
NEOs and our sales revenue for each year of the five-year period from 2021 through 2025.
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
Relationship Among Compensation Actually Paid, Company Cumulative TSR, and Peer Group Cumulative TSR
The following chart sets forth the relationship among Compensation Actually Paid to our PEO, the average Compensation Actually Paid to Non-PEO NEOs, the Company’s cumulative TSR, and the TSR for the S&P Midcap 400 Industrials Market Index (the peer group for purposes of this disclosure) for each year of the five-year period from 2021 through 2025)
Note: In the next three charts, the term “CAP” means Compensation Actually Paid
 
 
LOGO
       
Tabular List, Table
2025 Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2025 to Company performance. The measures in this table are not ranked.
 
 
Sales Revenue
Revenue Growth
(3-Year
Revenue Compound Annual Growth Rate (CAGR))
Adjusted EBITDA Margin
Working Capital as a Percentage of Sales
Total Shareholder Return against Proxy Peer Group (as disclosed in the Compensation Discussion and Analysis)
       
Total Shareholder Return Amount $ 113.87 116.36 117.21 98.91 102.15
Peer Group Total Shareholder Return Amount 191.48 169.56 149.41 113.68 128.45
Net Income (Loss) $ 278,900,000 $ 285,000,000 $ 58,600,000 $ 179,600,000 $ 21,300,000
Company Selected Measure Amount 1,874,800,000 1,808,100,000 1,787,600,000 1,528,000,000 1,400,200,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Sales Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue Growth (3-Year Revenue Compound Annual Growth Rate (CAGR))        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted EBITDA Margin        
Measure:: 4          
Pay vs Performance Disclosure          
Name Working Capital as a Percentage of Sales        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return against Proxy Peer Group (as disclosed in the Compensation Discussion and Analysis)        
Blanco [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 6,430,363 $ 4,242,990      
PEO Actually Paid Compensation Amount $ 5,630,654 3,218,826      
PEO Name Blanco        
Vartanian [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount   6,283,354 $ 10,008,650 $ 6,168,869 $ 6,794,020
PEO Actually Paid Compensation Amount   3,275,322 19,833,362 9,224,256 7,535,588
PEO Name Vartanian        
PEO | Blanco [Member]          
Pay vs Performance Disclosure          
Total Equity Award Adjustments $ 3,646,324 1,570,623      
Pension Service Costs 165,329 110,408      
PEO | Blanco [Member] | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,611,362) (2,705,195)      
PEO | Blanco [Member] | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,811,653 1,681,031      
PEO | Blanco [Member] | RSUs [Member]          
Pay vs Performance Disclosure          
Fair Value of Awards Granted in Applicable Year, at Year End 822,319 448,739      
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End 31,151 12,035      
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date 8,612 13,467      
PEO | Blanco [Member] | PSUs [Member]          
Pay vs Performance Disclosure          
Fair Value of Awards Granted in Applicable Year, at Year End 3,046,422 2,435,765      
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End 106,898 1,409,073      
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date 75,755 93,759      
PEO | Vartanian [Member]          
Pay vs Performance Disclosure          
Total Equity Award Adjustments   170,800 16,389,632 6,794,435 5,400,976
Pension Service Costs   170,892 125,192 180,083 210,608
PEO | Vartanian [Member] | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (3,349,724) (6,690,112) (3,919,131) (4,870,016)
PEO | Vartanian [Member] | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   341,692 16,514,824 6,974,518 5,611,584
PEO | Vartanian [Member] | RSUs [Member]          
Pay vs Performance Disclosure          
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End         8,947
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date       (127,202)  
PEO | Vartanian [Member] | PSUs [Member]          
Pay vs Performance Disclosure          
Fair Value of Awards Granted in Applicable Year, at Year End     11,399,062 6,224,623 4,224,222
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End   (434,964) 5,154,764 1,023,544 991,025
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date   605,764 (164,194) (326,530) 176,781
Non-PEO NEO          
Pay vs Performance Disclosure          
Total Equity Award Adjustments (230,463) 58,592 2,234,346 374,852 862,876
Pension Service Costs 11,514 32,186 47,108 65,096 95,356
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (743,972) (610,693) (955,099) (720,857) (723,667)
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (218,949) 90,778 2,281,454 439,948 958,232
Non-PEO NEO | RSUs [Member]          
Pay vs Performance Disclosure          
Fair Value of Awards Granted in Applicable Year, at Year End 178,022 152,475 333,524 326,590 130,392
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End (5,611) (9,815) 85,476 (6,523) 3,027
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date 4,178 7,783 (4,384) (14,545) 13,552
Total Value as of the End of the Prior Year of Forfeited Awards in Applicable Year (124,328) (66,992)   (61,567)  
Non-PEO NEO | PSUs [Member]          
Pay vs Performance Disclosure          
Fair Value of Awards Granted in Applicable Year, at Year End 229,100 452,559 1,410,147 358,040 556,774
Change in Value* of Prior Years Awards Unvested in Applicable Year, at Year End (16,322) (180,709) 420,864 50,007 110,715
Change in Value* of Prior Years' Awards that Vested in Applicable Year, at Vesting Date (10,238) 23,503 $ (11,282) (30,849) $ 48,418
Total Value as of the End of the Prior Year of Forfeited Awards in Applicable Year $ (485,264) $ (320,213)   $ (246,302)