Victor D. Grizzle is the CEO of Armstrong World Industries. Under his leadership, the company has focused on innovative management strategies, aiming to create long-term value for stakeholders. Starting in 2015, he has been instrumental in navigating the company through...

Victor D. Grizzle is the CEO of Armstrong World Industries. Under his leadership, the company has focused on innovative management strategies, aiming to create long-term value for stakeholders. Starting in 2015, he has been instrumental in navigating the company through various market challenges while promoting sustainable practices in manufacturing. Grizzle's approach combines practical management with a keen understanding of financial metrics; his performance metrics include revenue and EBITDA targets. Notably, his total compensation reached over $6.8 million in 2021, primarily driven by bonuses linked to performance achievements. Interestingly, he once owned stock worth as much as $48.75 million in 2020, which demonstrates his commitment to aligning his interests with those of shareholders. Known for strategic decisions, his tenure showcases significant fluctuations in stock performance, reinforcing the impact of effective leadership in a competitive industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

A

Victor D. Grizzle

CEO of Armstrong World Industries

Education

Bachelor's degree in Mechanical Engineering from California Polytechnic State University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

June 1, 1962 - 62 years ago

CEO of Armstrong World Industries for

9 years 0 months (Apr 2016 - Present)

Previous Experience

Executive Vice President & CEO, Armstrong Building Products; Group President at Valmont Industries, Inc.

Rivals

Competitors/colleagues of Victor D. Grizzle

G

John C. Turner, Jr.

CEO of GMS

2023 Compensation

Stock

$1.65M

Salary

$865.00K

Bonus

$977.61K

Other

$23.29K

Total Holdings

$11.10M

O

Michael H. Thaman

CEO of Owens Corning

2019 Compensation

Stock

$2.00M

Salary

$965.91K

Bonus

$282.02K

Other

$88.93K

Total Holdings

$118.49M

F

Nicholas I. Fink

CEO of Fortune Brands Innovations

2023 Compensation

Stock

$7.31M

Salary

$1.24M

Bonus

$1.97M

Other

$275.23K

Total Holdings

$19.20M

O

Judith F. Marks

CEO of Otis Worldwide

2023 Compensation

Stock

$2.82M

Salary

$1.37M

Bonus

$0.00

Other

$432.84K

Total Holdings

$25.88M

T

Robert Buck

CEO of TopBuild Corporation

2023 Compensation

Stock

$2.28M

Salary

$970.83K

Bonus

$0.00

Other

$14.19K

Total Holdings

$20.86M

E

Michael Haack

CEO of Eagle Materials

2023 Compensation

Stock

$975.58K

Salary

$1.04M

Bonus

$2.11M

Other

$108.74K

Total Holdings

$23.57M

Holdings

See how much did Victor D. Grizzle make over time.

As of 2020, Victor D. Grizzle's stock holdings reflected substantial value, peaking at $48.75 million. However, these figures showed notable volatility, dropping to around $21.36 million in January 2021. He experienced a shift in wealth through stock performance and market...

As of 2020, Victor D. Grizzle's stock holdings reflected substantial value, peaking at $48.75 million. However, these figures showed notable volatility, dropping to around $21.36 million in January 2021. He experienced a shift in wealth through stock performance and market conditions, exemplifying the complex nature of executive ownership in publicly traded companies. His shares have seen highs of over $47 million, but by late 2020, they had fallen to the mid-$30 million range. This fluctuation highlights the fast-paced world of stock trading and the importance of alignment with company performance. Through his time at Armstrong, the value of his holdings has been directly tied to the company's strategic direction, demonstrating a clear relationship between executive actions and shareholder outcomes.

Total Stock Sold

$11.47M

AWI

$11.47M

130,309 AWI shares

What if they kept their stock?

If Victor D. Grizzle didn't sell their stock, today they would have:
Extra AWI130,309 shares worth $9.89M.
This is -13.83% and $1.59M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Victor D. Grizzle.

AWI

$2.27M

AWI at $99.02/share

Dec 28, 2023

Sale

AWI

$1.77M

AWI at $68.83/share

Dec 27, 2022

Sale

AWI

$3.52M

AWI at $112.18/share

Dec 16, 2021

Sale

AWI

$1.49M

AWI at $77.85/share

Dec 17, 2020

Sale

AWI

$2.45M

AWI at $78.47/share

Dec 15, 2020

Sale

AWI

$397.80K

AWI at $44.20/share

Mar 25, 2011

Purchase

AWI

5,862 shares

AWI

Jan 17, 2011

Received

Compensation History

See how much did Victor D. Grizzle make over time.

In 2021, Victor D. Grizzle earned a total compensation of about $6.83 million. This figure includes a base salary of approximately $920,250 and a bonus of $1,251,540, which was tied to his performance under the company's annual incentive plan. His compensation model is designed to attract and retain talented leaders by linking his pay to key company performance metrics. The structure encourages Grizzle to focus on growth areas like revenue and EBITDA, aligning his financial interests with the company’s long-term success. Notably, his past compensation figures have also featured substantial stock awards, although none vested in 2021, emphasizing a performance-based approach to incentives. This financial strategy reflects his commitment to driving company results, while also leaving room for adjustments based on market conditions and performance outcomes.

Year

2021

Total Compensation

$2.39M

Salary

$920.25K

Board Justification

The compensation program is designed to attract, retain, and motivate highly competent individuals by linking compensation to performance metrics that align with the company's strategic goals.

Bonus

$1.25M

Board Justification

The 2021 Final AIP reflects the annual incentive plan based on performance metrics for the year.

Other

$216.64K

Board Justification

Includes company matching contributions to the Savings and Investment 401(k) Plan, premiums for long-term disability insurance, and other perquisites.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2021 as the amounts reflect the targeted value of long-term incentive equity awards granted in February 2021, which are not included in the total compensation calculation.

Performance Metrics

The performance metrics for the AIP included revenue and EBITDA.