Eric D. Ashleman

Chief Executive Officer and President at IDEX Corp

Since December 2020

Age

57 years

Education

Holds a Bachelor of Arts in Economics and a Master of Business Administration from the University of Michigan.

Tenure

Joined IDEX in March 2008 as President of Gast Manufacturing and held multiple leadership roles—including Vice President, Senior Vice President, and Chief Operating Officer—before being promoted to Chief Executive Officer and President in December 2020.

Also at IDEX Corp

Abhishek Khandelwal

Senior Vice President and Chief Financial Officer

ASL

Allison S. Lausas

Vice President and Chief Accounting Officer

LMA

Lisa M. Anderson

Senior Vice President, General Counsel, and Corporate Secretary

About

Eric D. Ashleman is a seasoned executive with a rich background in industrial manufacturing and operations, marked by his maturity at 57 years old.

With a strong educational foundation from the University of Michigan, where he earned both his Bachelor’s degree in Economics and his MBA, his academic credentials have underpinned a successful career that blends analytical insight with operational leadership.

Beginning his tenure at IDEX in March 2008 as the President of Gast Manufacturing, he quickly ascended through various key roles—spanning from Vice President and Senior Vice President to Chief Operating Officer—demonstrating his capacity to drive strategic growth and operational excellence. His leadership is further highlighted by his current role as Chief Executive Officer and President since December 2020, as well as his directorship at Modine Manufacturing Co., reflecting a broad and impactful influence within the industry.

$IEX Performance Under Eric D. Ashleman

Past Roles

Organization	Role	Date Range	Details
IDEX Corporation	President	Feb 2020 – Dec 2020	N/A
IDEX Corporation	Chief Operating Officer	Jul 2015 – Dec 2020	N/A
IDEX Corporation	Senior Vice President and Group Executive of Global Dispensing, Fire & Safety/Diversified Products, and Health & Science and Optics	Feb 2014 – Jul 2015	N/A
IDEX Corporation	Vice President and Group Executive of Fire & Safety/Diversified Products	Sep 2011 – Feb 2014	N/A
IDEX Corporation	President of Gast Manufacturing and Global Dispensing	Apr 2010 – Sep 2011	N/A
IDEX Corporation	President of Gast Manufacturing	Mar 2008 – Apr 2010	N/A

External Roles

Organization	Role	Date Range	Details
Modine Manufacturing Co.	Director	Present	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$992,308	Annual	Fixed base salary component.
All Other Compensation	$320,212	Annual	Includes Company Contributions to the IDEX Corporation Savings Plan and Accrued SERP Benefits: $290,472 and Automotive and Supplemental Disability: $29,740.

Performance Compensation

Data from FY 2023

Short-Term Incentives (Annual Cash Bonus)

Metric	Value	Unit	Details
Base Salary	$1,000,000	Dollars	Used to calculate the bonus.
Individual Target Bonus Percentage	115%	Percentage	Increased from 110% in 2023 to align with market median.
Business Performance Factor	72%	Percentage	Derived from performance metrics.
Actual Short-Term Incentive Award	$828,000	Dollars	Calculated as Base Salary × Target Bonus % × Business Performance Factor.

Performance Metrics Breakdown:

Metric	Weighting	Threshold	Goal	Maximum	Actual	Payout	Contribution to Business Factor
Adjusted EBITDA	40%	$873.9M	$939.5M	$1,062.1M	$905.3M	68.5%	27.4%
Organic Sales Growth	40%	-2.0%	2.5%	7.5%	-1.0%	41.7%	16.7%
Adjusted Cash Flow Conversion	10%	80%	100%	129%	119%	168.8%	16.9%
Sustainability	10%	Combination	Combination	Combination	110.0%	110.0%	11.0%

Performance Share Units (PSUs)

Detail	Value	Unit	Details
Grant Date	February 23, 2023	Date	.
Grant Date Fair Value	$3,243,595	Dollars	.
Grant Date Stock Price	$225.69	Dollars/Share	.
Number of PSUs at Target	10,525	Units	.
Number of PSUs at Maximum	26,313	Units	.
Vesting Schedule	January 31, 2026	Date	Approximate three-year performance period; vesting tied to relative TSR compared to S&P 500 companies.
Additional Conditions	N/A	N/A	Includes cumulative dividend equivalents and one-year holding requirement post-vesting.

Stock Options

Detail	Value	Unit	Details
Grant Date	February 23, 2023	Date	.
Number of Options Granted	39,065	Options	.
Exercise Price	$225.69	Dollars/Share	Price per share at which options can be exercised.
Grant Date Fair Value	$2,374,761	Dollars	.
Vesting Schedule	Annual vesting over 4 years	N/A	Stock options vest in equal amounts each year based on continued service.
Expiration	10th anniversary of Grant Date	Date	.
Performance Metrics	None specified	N/A	These are nonqualified stock options with no specific performance targets.

This detailed breakdown summarizes the performance compensation components for 2023 with exact dollar amounts, share quantities, and percentages where available.