David D. Petratis served as the CEO of Allegion PLC from December 2013 until July 2022. He holds a bachelor's degree in Business Administration from the University of Illinois at Urbana-Champaign. Petratis has a wealth of experience in the business...
David D. Petratis served as the CEO of Allegion PLC from December 2013 until July 2022. He holds a bachelor's degree in Business Administration from the University of Illinois at Urbana-Champaign. Petratis has a wealth of experience in the business world, having led Allegion through significant growth during his tenure. Notably, his total compensation reached $7.9 million in 2022, highlighting his alignment with company performance. He is known for a 'pay-for-performance' culture, where executive compensation is tied to the company's success. This approach extends to his compensation metrics, focusing on adjusted revenue and other financial benchmarks. Petratis has also had substantial insider trading activity, reflecting the trust he placed in the company’s direction and his investments, peaking at a value of around $40.24 million in early 2021. This level of investment illustrates a strong belief in Allegion's potential. He stepped down in July 2022, concluding a notable chapter in the company's history without any reported disagreements or controversies, paving the way for new leadership while laying a solid foundation for future growth.