Armstrong World Industries Executive Compensation (FY25)
AWI · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Armstrong World Industries
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 9, 2026Latest filing (8-K): June 17, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
209 figures on this page: 195 cited to the filing that reported them, 14 calculated from figures it prints. See the citations
More on Armstrong World Industries
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Victor Grizzle: $9,154,261 → $8,537,000 (6.7% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Armstrong World Industries' chief executive and what were they paid?
Total compensation for Victor Grizzle, President & Chief Executive Officer, came to $8,537,000 in fiscal 2025. Grizzle's total moved 6.7% lower from the $9,154,261 reported for fiscal 2024.
What was Armstrong World Industries' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.8% of votes cast for or against in favor at the meeting held June 11, 2026.
Which companies are in Armstrong World Industries' peer group?
The disclosed peer group includes AAON, Inc., Advanced Drainage Systems, Inc., American Woodmark Corp, Apogee Enterprises, Inc. and CSW Industrials, Inc., among others.
What is Armstrong World Industries' chief executive pay ratio?
The company reported a chief executive pay ratio of 93:1 for fiscal 2025, against median employee compensation of $91,600.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Victor Grizzle President & Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Hershey Senior Vice President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austin So Former Senior Vice President, GC, Head of Government Relations & Chief Sustainability Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Calzaretta Senior Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Victor Grizzle President & Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Hershey Senior Vice President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Calzaretta Senior Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austin So Former Senior Vice President, GC, Head of Government Relations & Chief Sustainability Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jill Crager Senior Vice President Sales & Digital Marketing | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Victor Grizzle President & Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Mark Hershey Senior Vice President & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Calzaretta Senior Vice President & Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Austin So Former Senior Vice President, GC, Head of Government Relations & Chief Sustainability Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jill Crager Senior Vice President Sales & Digital Marketing | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Austin K. So | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Austin K. So | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Christopher P. Calzaretta | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Christopher P. Calzaretta | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jill A. Crager | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jill A. Crager | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Mark A. Hershey | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Mark A. Hershey | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Victor D. Grizzle | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Victor D. Grizzle | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Roy Templin | RSU | ◇ | = | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Richard Holder | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | = | — | — | |
| Barbara Loughran | RSU | ◇ | = | — | — |
| RSU | ◇ | ◇ | — | — | |
| Wayne Shurts | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | = | — | — | |
| William Osborne | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Roy W. Templin Lead independent director | ◇ | ◇ | — | — | — | ◇ | ◇ |
Barbara L. Loughran | ◇ | ◇ | — | — | — | ◇ | ◇ |
Richard D. Holder | ◇ | ◇ | — | — | — | ◇ | ◇ |
Wayne R. Shurts | ◇ | ◇ | — | — | — | ◇ | ◇ |
William H. Osborne | ◇ | ◇ | — | — | — | ◇ | ◇ |
Kathleen E. Pitre | ◇ | ◇ | — | — | — | — | ◇ |
Kevin P. Holleran | ◇ | ◇ | — | — | — | — | ◇ |
Mark A. Hershey and Victor D. Grizzle served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- AAON, Inc. AAON
- Advanced Drainage Systems, Inc. WMS
- American Woodmark Corp AMWD
- Apogee Enterprises, Inc. APOG
- CSW Industrials, Inc. CSW
- Eagle Materials, Inc. EXP
- Franklin Electric Co, Inc. FELE
- Gibraltar Industries, Inc. ROCK
- Griffon Corp GFF
- Interface, Inc. TILE
- Knife River Corp KNF
- Quanex Building Products Corp symbol not shown
- Simpson Manufacturing Co., Inc. SSD
- SPX Technologies, Inc. SPXC
- Trex Company, Inc. TREX
- Zurn Elkay Water Solutions ZWS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 11, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 12, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 13, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 15, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 22, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 24, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 25, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | July 11, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | July 12, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | July 13, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
What this page does not include
Everything above is a fact Armstrong World Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Armstrong World Industries sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
209 figures on this page: 195 cited to the filing that reported them, 14 calculated from figures it prints.
195 cited to the filing
14 calculated from the filing
Documents cited
- 0001193125-26-273166
- 0001193125-26-1937412025 SUMMARY COMPENSATION TABLE · CEO PAY RATIO · Director Compensation Table · GRANTS OF PLAN-BASED AWARDS · and 1 more section
- 0001193125-25-142050
- 0000950170-24-074249
- 0000950170-23-028948
- 0000950170-22-011969
- 0000950123-21-008216
- 0001564590-20-030834
- 0001564590-19-024893
- 0001193125-18-217391
- 0001564590-17-013527
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Armstrong World Industries executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/AWI (accessed 2026).
Short form: data: Velarion
The paid brief for Armstrong World Industries
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Armstrong World Industries discloses
The companies named in AWI's own disclosed peer group.
AAON, Inc.Advanced Drainage Systems, Inc.American Woodmark CorpApogee Enterprises, Inc.Eagle Materials, Inc.Franklin Electric Co, Inc.Gibraltar Industries, Inc.Griffon CorpInterface, Inc.Knife River CorpSimpson Manufacturing Co., Inc.SPX Technologies, Inc.Trex Company, Inc.Zurn Elkay Water Solutions
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}