P. Michael McGarry is the CEO of Armstrong World Industries, Inc. (AWI), a globally recognized leader in the design and manufacture of flooring and ceiling products. Since taking over as CEO in 2010, McGarry has leveraged his deep experience in...

Current Market Cap

$6.71B

Number of Employees

3.1K

Total Compensation

2019 - 2022

Trending up by 1355.36% last year
Showing total compensation for the last 2019 - 2022

Stock

Up by 0.00% last year

Salary

Up by 782.86% last year

Bonus

Up by 0.00% last year

Other

Up by 1089.92% last year

Year

2022

Total Compensation

$1.84M

Salary

$927.00K

Board Justification

The compensation philosophy aligns executive pay with company performance and shareholder interests, with a significant portion of compensation tied to long-term performance metrics.

Bonus

$658.17K

Board Justification

The bonus is based on the company's performance against revenue and EBITDA targets, with a payout factor of 71% for 2022.

Other

$255.69K

Board Justification

Includes company matching contributions to the 401(k) plan, cash dividends, and other benefits.

Restricted Stock

$0.00(0 PSU)

Board Justification

No stock awards vested in 2022 as the performance metrics for the PSUs awarded in 2020 resulted in no payout.

Performance Metrics

Performance metrics include revenue growth, EBITDA targets, and long-term performance based on Absolute TSR, Cumulative FCF, and MFV.

SEC Filing

From May 1, 2023