Keith J. Allman

President and Chief Executive Officer at MASCO CORP /DE/

Board

Since 2014

Age

61 years

Tenure

Joined MAS in 1998 and advanced through various leadership roles, including positions at Merillat Industries, the Builder Cabinet Group, and Delta Faucet, before becoming President and Chief Executive Officer in 2014.

Also at MASCO CORP /DE/

Imran Ahmad

Group President

Jai Shah

Group President

KGC

Kenneth G. Cole

Vice President, General Counsel, Secretary

About

Keith J. Allman, born in 1963 and currently 61 years old, has established himself as a key leader in the industry. He serves as the President and Chief Executive Officer of MAS, where he plays a pivotal role in ensuring the integrity of financial reports and guiding the company’s strategic direction.

Starting his career at MAS in 1998, his journey included diverse roles at Merillat Industries and later at the Builder Cabinet Group. His progression continued with his leadership at Delta Faucet, followed by his role as Group President overseeing multiple business units before ascending to his current position as CEO in 2014.

Beyond his responsibilities at MAS, his influence extends to other organizations. He holds a directorship at another major corporation and is actively involved in charitable initiatives, contributing his extensive experience and operational expertise to foster innovation and operational efficiency.

$MAS Performance Under Keith J. Allman

Past Roles

Organization	Role	Date Range	Details
Masco Corporation	Group President	2011–2014	Held before becoming President and CEO
Masco Corporation	President, Delta Faucet	2007–2011	Former leadership role
Masco Corporation	Executive Vice President, Builder Cabinet Group	2004–2007	Position of increasing responsibility
Merillat Industries	Various management positions	1998–2003	Held positions of increasing responsibility before joining Masco

External Roles

Organization	Role	Date Range	Details
Oshkosh Corporation	Director	Since 2015	Active board position
No Barriers	Director	N/A	Charitable organization

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,274,354	Annual	Annual base salary; remained unchanged from the previous year (0% increase)
Profit Sharing and 401(k) Matching Contributions	$124,448	Annual	Includes contributions under the 401(k) Savings Plan and applicable portions of the Benefit Restoration Plan
Financial Planning Expense	$10,000	Annual	Part of the estate and financial planning program providing up to $10,000 of services per year

Performance Compensation

Data from FY 2023

Cash Bonus

Metric	Value
Base Salary	$1,274,354
Target Opportunity	150% of base salary
Maximum Payout Cap	200% of target opportunity
Actual Cash Bonus Earned	$2,658,900
Evaluation Period	2023 Annual Performance Program
Payment Date	February 2024
Performance Metrics	Operating Profit: 70% weight, Target: $1,200 million, Actual: $1,358 million (106%);
	Net Sales: 20% weight, Target: $8,060 million, Actual: $7,939 million;
	Working Capital: 10% weight, Target: 18.5%, Actual: 18.5%
DE&I Modifier	107% (adjusts the total performance percentage)
Total Performance Percentage	139%

Restricted Stock Unit (RSU) Award

Detail	Value
Grant Date	February 24, 2023
Grant Date Fair Value	$3,398,282
Grant Date Stock Price	$53.24 per share (Closing price on May 10, 2023)
Performance Metrics	Mirrors cash bonus metrics: Operating Profit (70%), Net Sales (20%), Working Capital (10%); Overall 139% achieved
Target Opportunity	191.7% of annual base salary
Vesting Schedule	Three equal installments over 3 years
Conditions	Threshold: No payout if not met; Maximum payout capped at 200% of target opportunity

Stock Options/SAR Award

Detail	Value
Grant Date	February 13, 2023
Grant Date Fair Value	$2,442,978
Exercise Price	$56.56 per share
Number of Options Awarded	144,460
Vesting Schedule	Three equal installments over 3 years
Performance Metrics	Not tied to specific performance metrics; value is driven by stock price appreciation above the exercise price
Option Expiry	10 years from the grant date (February 13, 2033)