Imran Ahmad
MASCO CORP /DE/About Imran Ahmad
Imran Ahmad (age 47) is Group President at Masco Corporation, elected as an executive officer in 2023 after joining Masco in 2018 as President of Masco Canada . In 2024 Masco’s operating profit rose 1% to $1,363 million with operating margin up 50 bps to 17.4%, while net sales declined to $7,828 million; management repurchased ~10 million shares ($751 million) and raised the dividend ~2%, setting annual incentive metrics on operating profit and net sales and achieving 88% of target . Long-term performance over 2022–2024 missed threshold on cumulative EPS and ROIC, resulting in no LTIP payout (Ahmad did not participate in the 2022–2024 LTIP); PRSUs for 2024–2026 are tied to cumulative EPS, average ROIC, and relative TSR added beginning with three-year periods starting in 2023 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Masco Corporation | Group President | 2023–present | Elevated to Group President (executive officer) in 2023 |
| Masco Canada | President | 2018–2023 | Led Masco’s Canadian operations prior to promotion |
External Roles
No public company directorships or external roles disclosed for Imran Ahmad in Masco’s proxy filings .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Base Salary ($) | 522,506 | Reported 2024 salary (includes 401(k) deferrals) |
| Current Base Salary ($) | 530,000 | Set by Compensation Committee in 2024 (+6% vs. $500,000 prior) |
| Financial Planning ($) | 10,000 | Annual estate/financial planning program |
| Profit Sharing & 401(k) Contributions ($) | 84,602 | Qualified and BRP-related contributions |
| BRP Masco Allocation ($) | 50,447 | Non-qualified defined contribution portion of BRP |
| All Other Compensation ($) | 94,602 | Total reported other compensation for 2024 |
Performance Compensation
2024 Annual Performance Program Metrics
| Metric | Weight | Target | Actual (as adjusted) | Performance % |
|---|---|---|---|---|
| Operating Profit (USD millions) | 75% | 1,379 | 1,372 | 73% |
| Net Sales (USD millions) | 25% | 7,972 | 7,828 | 15% |
| Total | — | — | — | 88% |
2024 Annual Payouts for Imran Ahmad
| Component | Value |
|---|---|
| Cash Bonus ($) | 349,800 |
| RSU Award ($) | 350,066 |
| Target Bonus (% of Salary) | 75% |
| Target RSUs (% of Salary) | 75% |
Long-Term Incentive and Options (granted in 2024)
| Award Type | Grant Date | Target/Units | Exercise Price | Vesting | Grant Date Fair Value ($) |
|---|---|---|---|---|---|
| PRSUs (2024–2026 LTIP) | 02/23/2024 | 5,000 | — | Earned based on 3-year EPS/ROIC and relative TSR; pays out after 12/31/2026 | 374,700 |
| Stock Options | 02/16/2024 | 15,820 | 73.16 | Vest ratably over 3 years; 10-year term | 375,029 |
Vesting schedules: RSUs vest in equal installments over three years; stock options vest ratably over three years and remain exercisable for ten years; PRSUs vest/payout based on three-year performance and are capped at 200% of target .
Equity Ownership & Alignment
Beneficial Ownership and Outstanding Awards (as of 12/31/2024)
| Item | Amount |
|---|---|
| Shares Beneficially Owned (#) | 22,459 (less than 1%) |
| RSUs Unvested (#) | 12,941; market value $939,128 |
| PRSUs/Phantom PRSUs Unearned (#) | 12,150; market value $881,726 |
| Options Exercisable by 03/01/2025 (#) | 20,053 |
| RSUs Vesting by 03/01/2025 (#) | 2,376 |
Stock ownership guidelines: Executive officers (other than CEO/CFO) must hold stock worth 2× base salary; Ahmad has three years from becoming Group President in February 2023 to meet the requirement (not yet met as of the 2025 proxy) . Hedging and pledging of Masco stock are prohibited, and no pledging arrangements have been approved .
2024 realized activity: Ahmad had no option exercises in 2024; phantom RSUs that vested in 2024 settled in cash with $710,469 value realized .
Employment Terms
Change-in-Control Economics (assuming CIC and qualifying termination at 12/31/2024)
| Component | Amount ($) |
|---|---|
| Cash | — |
| Equity (accelerated vesting value) | 1,175,756 |
| BRP Payments | 86,787 |
| Total | 1,262,543 |
Key terms:
- At-will; no employment agreements or change-in-control agreements; equity accelerates on a “double-trigger” (CIC plus termination, good reason, or non-comparable award) .
- Clawback: If financial statements are restated for material noncompliance, incentive compensation paid over the prior three years must be recovered, regardless of misconduct .
- Post-termination restrictions: Forfeiture of unvested awards if not retirement-eligible; limited option exercise windows (30 days voluntary, 90 days involuntary); non-compete tied to equity awards while holding and for one year thereafter .
- Tax gross-ups: Excise tax gross-ups are prohibited; none applicable under current arrangements .
Investment Implications
- Pay-for-performance alignment: Ahmad’s 2024 incentive outcomes directly reflected company results (88% of target on operating profit and net sales), with RSUs and options vesting over three years and options only creating value above the $73.16 strike—supporting alignment with shareholder returns .
- Retention and selling pressure: Upcoming vesting and exercisability by March 1, 2025 total 2,376 RSUs and 20,053 options; zero option exercises in 2024 and most value is tied to unvested equity, mitigating near-term selling pressure while supporting retention .
- Governance and risk: No employment/CIC agreements, no repricing, clawback in place, and hedging/pledging prohibited—reducing red-flag governance risks; Ahmad is still within his three-year window to meet stock ownership guidelines, which should increase alignment over time .
- LTIP performance bar: The 2022–2024 LTIP paid zero due to missed EPS/ROIC thresholds (Ahmad was not a participant), and the 2024–2026 PRSUs add relative TSR—heightening performance sensitivity and potential payout variability tied to long-run value creation .