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    Keith J. Allman

    President and Chief Executive Officer at Masco Corp
    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

    IA
    Imran Ahmad
    Group President
    JS
    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 NameAmountPayment ScheduleAdditional Details
    Base Salary$1,274,354 AnnualAnnual base salary; remained unchanged from the previous year (0% increase)
    Profit Sharing and 401(k) Matching Contributions$124,448 AnnualIncludes contributions under the 401(k) Savings Plan and applicable portions of the Benefit Restoration Plan
    Financial Planning Expense$10,000 AnnualPart of the estate and financial planning program providing up to $10,000 of services per year

    Performance Compensation

    Data from  FY 2023

    Cash Bonus

    MetricValue
    Base Salary$1,274,354
    Target Opportunity150% of base salary
    Maximum Payout Cap200% of target opportunity
    Actual Cash Bonus Earned$2,658,900
    Evaluation Period2023 Annual Performance Program
    Payment DateFebruary 2024
    Performance MetricsOperating 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 Modifier107% (adjusts the total performance percentage)
    Total Performance Percentage139%

    Restricted Stock Unit (RSU) Award

    DetailValue
    Grant DateFebruary 24, 2023
    Grant Date Fair Value$3,398,282
    Grant Date Stock Price$53.24 per share (Closing price on May 10, 2023)
    Performance MetricsMirrors cash bonus metrics: Operating Profit (70%), Net Sales (20%), Working Capital (10%); Overall 139% achieved
    Target Opportunity191.7% of annual base salary
    Vesting ScheduleThree equal installments over 3 years
    ConditionsThreshold: No payout if not met; Maximum payout capped at 200% of target opportunity

    Stock Options/SAR Award

    DetailValue
    Grant DateFebruary 13, 2023
    Grant Date Fair Value$2,442,978
    Exercise Price$56.56 per share
    Number of Options Awarded144,460
    Vesting ScheduleThree equal installments over 3 years
    Performance MetricsNot tied to specific performance metrics; value is driven by stock price appreciation above the exercise price
    Option Expiry10 years from the grant date (February 13, 2033)