W. Scott McCarty has been at the helm of Armstrong World Industries, Inc. since 2022, showcasing his expertise in managing business operations in the competitive manufacturing landscape. Born in 1973, he brings a wealth of experience, though his exact educational...

Current Market Cap

$6.26B

Number of Employees

3.1K

Total Compensation

2022 - 2023

Trending down by -88.36% last year
Showing total compensation for the last 2022 - 2023

Stock

Down by -100.00% last year

Salary

Down by -46.06% last year

Bonus

Up by 0.00% last year

Other

Down by -92.18% last year

Year

2023

Total Compensation

$653.50K

Salary

$500.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain high-quality executives, aligning their interests with those of shareholders and linking a significant portion of their compensation to performance against pre-established goals.

Bonus

$133.50K

Board Justification

The bonus is based on the Annual Incentive Plan (AIP) which utilizes revenue and adjusted EBITDA as performance metrics for the year 2023, resulting in a payout of 133% of target.

Other

$20.00K

Board Justification

Other compensation includes personal financial counseling and executive physicals, which are standard benefits provided to executives.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023 as the focus is on performance-based restricted stock units (PSUs) and restricted stock units (RSUs) which are not included in this year's compensation.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on revenue growth and adjusted EBITDA.

SEC Filing

From April 29, 2024