John H. Stone

President and Chief Executive Officer at Allegion PLC

Board

Since July 11, 2022

Age

53 years

Education

Holds a degree in mechanical engineering from West Point and an MBA from Harvard University.

Tenure

Joined Allegion in July 2022 as President and Chief Executive Officer and has served as a Director since 2022.

Also at Allegion PLC

JNB

Jeffrey N. Braun

Senior Vice President and General Counsel

JLH

Jennifer L. Hawes

Senior Vice President \u2013 Chief Human Resources Officer

MJW

Michael J. Wagnes

Senior Vice President and Chief Financial Officer

About

John H. Stone is a mission-driven leader with extensive experience in both military and corporate sectors. After serving 8 years as an active-duty Army officer, he built a foundation in engineering and leadership that propelled him into significant roles in the private sector.

Before his tenure at Allegion, Stone spent nearly 20 years at Deere & Company, where he held senior leadership roles including President of Worldwide Construction, Forestry and Power Systems and Senior Vice President of the Intelligent Solutions Group. His work at Deere involved steering major technological initiatives and global operational advancements that showcased his ability to drive innovation and efficiency.

At Allegion, he oversees a tech-forward growth strategy and has been instrumental in the integration of key acquisitions such as Stanley Access Technologies. In addition to his executive role at Allegion, Stone also serves as a Director at Cummins Inc., further reflecting his broad impact across industries and his commitment to fostering operational excellence and resilient teamwork.

$ALLE Performance Under John H. Stone

Past Roles

Organization	Role	Date Range	Details
Deere & Company (NYSE: DE)	President, Worldwide Construction, Forestry and Power Systems	2020-2022	Led significant global operations
Deere & Company (NYSE: DE)	Senior Vice President, Intelligent Solutions Group	2016-2020	Responsible for developing advanced technologies in robotics, machine learning, and AI
Deere & Company (NYSE: DE)	Vice President, Corporate Strategy and Development	N/A	Involved in strategy development and executing growth initiatives including acquisitions and integrations in China

External Roles

Organization	Role	Date Range	Details
Cummins Inc. (NYSE: CMI)	Active Public Company Director	N/A	Active board directorship

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,040,000	Annual	Annual fixed salary for President and CEO
Company Matching Contributions	$136,800	Per Plan Guidelines	Under ESP and Supplemental ESP plans

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Value	Details
Threshold	$650,000	50% of base salary
Target	$1,300,000	100% of base salary
Maximum (Cap)	$2,600,000	200% of base salary
Adjusted Revenue	100% of target	Achieved target of $3,651 million
Adjusted EBITDA	103% of target	Achieved target of $858 million
Adjusted Available Cash Flow	105% of target	Achieved target of $516 million
ESG Scorecard Modifier	±3%	Adjusts the individual performance score
Performance Scores	141.66% (Financial), 110% (Individual)	Final payout calculated as: Base Salary × Target Percentage × Performance Scores

Long-Term Incentive Plan (LTI)

Component	Metric/Value	Details
PSUs	Grant Date Fair Value: $3,054,835	Performance period: 2023-2025; tied to EPS (50%) and TSR (50%)
Stock Options	Exercise Price: $112.59	Vest in 3 equal installments; Grant Date Fair Value: $1,375,011
RSUs	Grant Date Fair Value: $1,375,061	Vest in 3 equal installments; Grant Date: February 24, 2023

Annual Equity Awards

Award Type	Target Value/Amount	Details
PSUs	Target: 24,425 shares	Threshold: 12,213 shares, Maximum: 48,850 shares; Performance period: 2023-2025; Grant Date Fair Value: $3,054,835
RSUs	12,213 shares	Vest in 3 equal installments; Grant Date Fair Value: $1,375,061
Stock Options	40,850 options, Exercise Price: $112.59	Vest in 3 equal installments; Grant Date Fair Value: $1,375,011; Expiration Date: February 24, 2033