Pay vs Performance Disclosure - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Year | Summary Compens ation Table total for Mr. Tobolski ($) | Summary Compens ation Table total for Mr. Fields ($) | Compens ation actually paid to Mr. Tobolski ($) | Compens ation actually paid to Mr. Fields ($) | Average summary compens ation total for non- PEO NEOs ($) | Average compens ation actually paid to non-PEO NEOs ($) | Value of initial fixed $100 investment based on: | Net Income ($000s) | Net Sales ($000s) | |
Total sharehold er return ($) | ||||||||||
2025 | 3,656,082 | 1,607,673 | 3,940,810 | (5,092,155) | 879,023 | 112,950 | 176.01 | 242.93 | 107,593 | 1,442,076 |
2024 | — | 4,148,634 | — | 12,954,361 | 1,203,180 | 2,819,029 | 366.97 | 225.84 | 168,559 | 1,200,635 |
2023 | — | 5,006,785 | — | 9,619,347 | 1,154,361 | 2,422,754 | 229.53 | 191.84 | 177,623 | 1,168,518 |
2022 | — | 3,401,462 | — | 3,844,215 | 848,828 | 733,570 | 155.24 | 138.76 | 100,376 | 888,788 |
2021 | — | 2,912,108 | — | 5,480,646 | 1,064,856 | 1,400,334 | 162.64 | 145.03 | 58,758 | 534,517 |
Year | PEO | Non-PEO NEOs | ||||||
2025 | Matthew J. Tobolski & Gary D. Fields | Rebecca A. Thompson, Casey R. Kidwell, Stephen E. Wakefield, Matthew J. Shaub | ||||||
2024 | Gary D. Fields | Rebecca A. Thompson, Matthew J. Tobolski, Stephen E. Wakefield, David E. Benson | ||||||
2023 | Gary D. Fields | Rebecca A. Thompson, Stephen E. Wakefield, Gordon D. Wichman, Robert P. Teis | ||||||
2022 | Gary D. Fields | Rebecca A. Thompson, Stephen E. Wakefield, Larry G. Stewart, Gordon D. Wichman, Casey R. Kidwell | ||||||
2021 | Gary D. Fields | Norman H. Asbjornson, Scott M. Asbjornson, Rebecca A. Thompson, Stephen E. Wakefield, Larry G. Stewart | ||||||
CAP for the PEO and the average for the Non-PEO NEOs.
The PEO calculation of CAP:
Tobolski | Fields | |||||||
SCT total compen- sation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compen- sation actually paid | SCT total compen- sation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compen- sation actually paid | |
2025 | $3,656,082 | $(2,680,737) | $2,965,465 | $3,940,810 | $1,607,673 | $(722,217) | $(5,977,611) | $(5,092,155) |
2024 | 4,148,634 | (2,827,809) | 11,633,536 | 12,954,361 | — | — | — | — |
2023 | 5,006,785 | (2,802,616) | 7,415,178 | 9,619,347 | — | — | — | — |
2022 | 3,401,462 | (1,528,171) | 1,970,924 | 3,844,215 | — | — | — | — |
2021 | 2,912,108 | (1,437,328) | 4,005,866 | 5,480,646 | — | — | — | — |
The following details the sources of the CAP additions related to the PEO's Equity Awards:
Fair value of equity awards reported in SCT for applicable year | Fair value of equity awards granted in applicable year at year end | Change in fair value of unvested equity awards from prior years | Change in fair value of vested equity awards from prior years | Fair value of equity awards forfeited during the covered year | Dividends paid | Total Adjustments | ||
2025 | Tobolski | $(2,680,737) | $1,844,259 | $1,054,420 | $66,786 | $— | $— | $284,728 |
2025 | Fields | (722,217) | 625,441 | (5,231,352) | (1,381,277) | — | 9,577 | (6,699,828) |
2024 | (2,827,809) | 5,157,950 | 5,859,318 | 607,442 | — | 8,826 | 8,805,727 | |
2023 | (2,802,616) | 3,309,701 | 3,566,691 | 531,390 | — | 7,396 | 4,612,562 | |
2022 | (1,528,171) | 2,760,769 | (500,273) | (294,512) | — | 4,940 | 442,753 | |
2021 | (1,437,328) | 1,633,142 | 1,944,716 | 424,930 | — | 3,078 | 2,568,538 |
The Non-PEO NEOs calculation of CAP:
SCT total compensation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compensation actually paid | |
2025 | $879,023 | $(372,453) | $(393,620) | $112,950 |
2024 | 1,203,180 | (565,557) | 2,181,406 | 2,819,029 |
2023 | 1,154,361 | (438,525) | 1,706,918 | 2,422,754 |
2022 | 848,828 | (271,436) | 156,178 | 733,570 |
2021 | 1,064,856 | (464,911) | 800,389 | 1,400,334 |
The following details the sources of the CAP additions related to the Non-PEO's Equity Awards:
Fair value of equity awards reported in SCT for applicable year | Fair value of equity awards granted in applicable year at year end | Change in fair value of unvested equity awards from prior years | Change in fair value of vested equity awards from prior years | Fair value of equity awards forfeited during the covered year | Dividends paid | Total Adjustments | |
2025 | $(372,453) | $322,548 | $(434,334) | $(283,497) | $— | $1,663 | $(766,073) |
2024 | (565,557) | 1,063,661 | 877,991 | 238,179 | — | 1,575 | 1,615,849 |
2023 | (438,525) | 520,978 | 945,328 | 237,614 | — | 2,998 | 1,268,393 |
2022 | (271,436) | 491,969 | (139,312) | (79,925) | (117,768) | 1,214 | (115,258) |
2021 | (464,911) | 478,526 | 420,880 | 11,506 | (111,693) | 1,170 | 335,478 |
CAP for the PEO and the average for the Non-PEO NEOs.
The PEO calculation of CAP:
Tobolski | Fields | |||||||
SCT total compen- sation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compen- sation actually paid | SCT total compen- sation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compen- sation actually paid | |
2025 | $3,656,082 | $(2,680,737) | $2,965,465 | $3,940,810 | $1,607,673 | $(722,217) | $(5,977,611) | $(5,092,155) |
2024 | 4,148,634 | (2,827,809) | 11,633,536 | 12,954,361 | — | — | — | — |
2023 | 5,006,785 | (2,802,616) | 7,415,178 | 9,619,347 | — | — | — | — |
2022 | 3,401,462 | (1,528,171) | 1,970,924 | 3,844,215 | — | — | — | — |
2021 | 2,912,108 | (1,437,328) | 4,005,866 | 5,480,646 | — | — | — | — |
The following details the sources of the CAP additions related to the PEO's Equity Awards:
Fair value of equity awards reported in SCT for applicable year | Fair value of equity awards granted in applicable year at year end | Change in fair value of unvested equity awards from prior years | Change in fair value of vested equity awards from prior years | Fair value of equity awards forfeited during the covered year | Dividends paid | Total Adjustments | ||
2025 | Tobolski | $(2,680,737) | $1,844,259 | $1,054,420 | $66,786 | $— | $— | $284,728 |
2025 | Fields | (722,217) | 625,441 | (5,231,352) | (1,381,277) | — | 9,577 | (6,699,828) |
2024 | (2,827,809) | 5,157,950 | 5,859,318 | 607,442 | — | 8,826 | 8,805,727 | |
2023 | (2,802,616) | 3,309,701 | 3,566,691 | 531,390 | — | 7,396 | 4,612,562 | |
2022 | (1,528,171) | 2,760,769 | (500,273) | (294,512) | — | 4,940 | 442,753 | |
2021 | (1,437,328) | 1,633,142 | 1,944,716 | 424,930 | — | 3,078 | 2,568,538 |
The Non-PEO NEOs calculation of CAP:
SCT total compensation | Deduction from SCT total for equity awards | Additions to SCT total for equity awards | Compensation actually paid | |
2025 | $879,023 | $(372,453) | $(393,620) | $112,950 |
2024 | 1,203,180 | (565,557) | 2,181,406 | 2,819,029 |
2023 | 1,154,361 | (438,525) | 1,706,918 | 2,422,754 |
2022 | 848,828 | (271,436) | 156,178 | 733,570 |
2021 | 1,064,856 | (464,911) | 800,389 | 1,400,334 |
The following details the sources of the CAP additions related to the Non-PEO's Equity Awards:
Fair value of equity awards reported in SCT for applicable year | Fair value of equity awards granted in applicable year at year end | Change in fair value of unvested equity awards from prior years | Change in fair value of vested equity awards from prior years | Fair value of equity awards forfeited during the covered year | Dividends paid | Total Adjustments | |
2025 | $(372,453) | $322,548 | $(434,334) | $(283,497) | $— | $1,663 | $(766,073) |
2024 | (565,557) | 1,063,661 | 877,991 | 238,179 | — | 1,575 | 1,615,849 |
2023 | (438,525) | 520,978 | 945,328 | 237,614 | — | 2,998 | 1,268,393 |
2022 | (271,436) | 491,969 | (139,312) | (79,925) | (117,768) | 1,214 | (115,258) |
2021 | (464,911) | 478,526 | 420,880 | 11,506 | (111,693) | 1,170 | 335,478 |
utilized to calculate grant date fair values as disclosed in Note 15 - Share-Based Compensation to our consolidated financial
statements in our Annual Report on Form 10-K for the year ended December 31, 2025. Non-qualified stock option fair values are
calculated based on the Black-Scholes option pricing model. Adjustments have been made using our stock price as of each
measurement date and updated assumptions for expected term, volatility, dividend yield and interest rates. Restricted stock award
adjustments have been made using our stock price as of each measurement date and updated assumptions for interest rates and
dividend yield and accrued dividends for vesting restricted stock awards. For PSUs, adjustments at each measurement date have
been made based on the expected level of achievement with respect to the Company's TSR benchmarked against the S&P 600
Capital Goods Industry Group.
For the year ending December 31, 2025, the most important financial performance measures used to link compensation actually paid to our NEOs to Company performance were net sales, operating profit and our TSR. Our NEOs' target total compensation is tied to
performance goals aligned with our stockholders' interest. The majority of target compensation was weighted toward long-term equity
performance and time-based awards and the financial performance metric was TSR. The short-term incentive program's funding
metrics are net sales and operating profit.
