Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | Allegion plc |
Entity Central Index Key | 0001579241 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2022 | Jul. 11, 2022 | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) $ / shares | Dec. 31, 2020 USD ($) $ / shares | |
Pay vs Performance Disclosure [Table] | |||||
Pay vs Performance [Table Text Block] | Year Summary Compensation Table Total for D.D. Petratis (1) ($) Summary Compensation Table Total for J.H. Stone (1) ($) Compensation Actually Paid to D.D. Petratis (1)(2)(3) ($) Compensation Actually Paid to J.H. Stone (1)(2)(3) ($) Average Summary Compensation Table Total for Non-PEO NEOs (1) ($) Average Compensation Actually Paid to Non-PEO NEOs (1)(2)(3) ($) Value of Initial Fixed $100 Investment Based On: Net Income ($ Millions) Adjusted (Non-GAAP) EPS (5) TSR (4) ($) Peer Group TSR (4) ($) 2022 7,896,758 9,325,478 3,240,794 9,622,314 1,681,129 1,025,209 87.90 137.67 458.3 $5.69 2021 7,688,243 — 8,958,625 — 2,941,196 3,071,809 108.85 153.00 483.3 $5.19 2020 8,785,585 — 6,646,515 — 2,149,045 1,423,831 94.61 119.84 314.5 $5.11 | ||||
Company Selected Measure Name | Adjusted (Non-GAAP) EPS | ||||
Named Executive Officers, Footnote [Text Block] | Mr. Petratis was our PEO for each year presented until July 11, 2022 and remained employed through the end of the year. Mr. Stone became our PEO in July 2022. The individuals comprising the Non-PEO NEOs for each year presented are listed below. 2020 2021 2022 Patrick Shannon Patrick Shannon Patrick Shannon Timothy Eckersley Timothy Eckersley Michael Wagnes Jeffrey Braun Jeffrey Braun Jeffrey Braun Lucia Veiga Moretti Luis Orbegoso Timothy Eckersley Chris Muhlenkamp David Ilardi | ||||
Peer Group Issuers, Footnote [Text Block] | The Peer Group TSR set forth in this table utilizes the Performance Peer Group, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2022 | ||||
Adjustment To PEO Compensation, Footnote [Text Block] | Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table. Year Summary Exclusion of Change Exclusion of Inclusion of Pension Inclusion of Compensation 2022 7,896,758 — (5,249,314) 403,313 190,037 3,240,794 2021 7,688,243 (226,748) (4,699,359) 362,054 5,834,435 8,958,625 2020 8,785,585 (2,012,295) (4,634,326) 436,721 4,070,830 6,646,515 Year Summary Exclusion of Change Exclusion of Inclusion of Pension Inclusion of Compensation 2022 9,325,478 — (7,500,116) — 7,796,952 9,622,314 2021 — — — — — — 2020 — — — — — — Year Average Summary Average Exclusion of Change in Pension Value for Average Exclusion of Average Inclusion Average Inclusion of Average 2022 1,681,129 (58,332) (872,452) 125,291 149,573 1,025,209 2021 2,941,196 — (1,739,758) 198,897 1,671,474 3,071,809 2020 2,149,045 (684,450) (746,796) 131,481 574,551 1,423,831 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Change in Vesting-Date Fair Change in Fair Value Total - Inclusion of Equity Values for 2022 4,645,390 (3,510,613) — (944,740) — 190,037 2021 6,466,470 (296,314) — (335,721) — 5,834,435 2020 3,871,158 (440,627) — 640,299 — 4,070,830 Year Year-End Change in Vesting-Date Fair Change in Fair Value Total - Inclusion of Equity Values for 2022 7,796,952 — — — — 7,796,952 2021 — — — — — — 2020 — — — — — — Year Average Year-End Average Change in Vesting-Date Fair Average Change in Average Fair Value Total - Average 2022 595,075 (328,003) 194,664 (192,435) (119,728) 149,573 2021 1,305,652 (45,185) 460,012 (49,005) — 1,671,474 2020 584,947 (106,741) — 96,345 — 574,551 | ||||
Non-PEO NEO Average Total Compensation Amount | $ 1,681,129 | $ 2,941,196 | $ 2,149,045 | ||
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,025,209 | 3,071,809 | 1,423,831 | ||
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table. Year Summary Exclusion of Change Exclusion of Inclusion of Pension Inclusion of Compensation 2022 7,896,758 — (5,249,314) 403,313 190,037 3,240,794 2021 7,688,243 (226,748) (4,699,359) 362,054 5,834,435 8,958,625 2020 8,785,585 (2,012,295) (4,634,326) 436,721 4,070,830 6,646,515 Year Summary Exclusion of Change Exclusion of Inclusion of Pension Inclusion of Compensation 2022 9,325,478 — (7,500,116) — 7,796,952 9,622,314 2021 — — — — — — 2020 — — — — — — Year Average Summary Average Exclusion of Change in Pension Value for Average Exclusion of Average Inclusion Average Inclusion of Average 2022 1,681,129 (58,332) (872,452) 125,291 149,573 1,025,209 2021 2,941,196 — (1,739,758) 198,897 1,671,474 3,071,809 2020 2,149,045 (684,450) (746,796) 131,481 574,551 1,423,831 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Change in Vesting-Date Fair Change in Fair Value Total - Inclusion of Equity Values for 2022 4,645,390 (3,510,613) — (944,740) — 190,037 2021 6,466,470 (296,314) — (335,721) — 5,834,435 2020 3,871,158 (440,627) — 640,299 — 4,070,830 Year Year-End Change in Vesting-Date Fair Change in Fair Value Total - Inclusion of Equity Values for 2022 7,796,952 — — — — 7,796,952 2021 — — — — — — 2020 — — — — — — Year Average Year-End Average Change in Vesting-Date Fair Average Change in Average Fair Value Total - Average 2022 595,075 (328,003) 194,664 (192,435) (119,728) 149,573 2021 1,305,652 (45,185) 460,012 (49,005) — 1,671,474 2020 584,947 (106,741) — 96,345 — 574,551 | ||||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | The following chart sets forth the relationship between compensation actually paid to our PEOs, the average of compensation actually paid to our other NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years. | ||||
Compensation Actually Paid vs. Net Income [Text Block] | The following chart sets forth the relationship between compensation actually paid to our PEOs, the average of compensation actually paid to our other NEOs, and our Net Income during the three most recently completed fiscal years. | ||||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | The following chart sets forth the relationship between compensation actually paid to our PEOs, the average of compensation actually paid to our other NEOs, and our Adjusted (Non-GAAP) EPS during the three most recently completed fiscal years. Adjusted Non-GAAP EPS was derived from Reported EPS, and adjusted according to preestablished adjustments, which in 2022 included: (i) restructuring charges and acquisition and integration expenses; (ii) debt financing costs; (iii) a loss on the divestiture of a business; and (iv) non-operating investment gains and losses. | ||||
Total Shareholder Return Vs Peer Group [Text Block] | The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Performance Peer Group over the same period. | ||||
Tabular List [Table Text Block] | Adjusted (Non-GAAP) EPS Adjusted (Non-GAAP) EBITDA Adjusted (Non-GAAP) Operating Income Available Cash Flow (Non-GAAP) Revenue | ||||
Total Shareholder Return Amount | $ 87.90 | 108.85 | 94.61 | ||
Peer Group Total Shareholder Return Amount | 137.67 | 153 | 119.84 | ||
Net Income (Loss) | $ 458,300,000 | $ 483,300,000 | $ 314,500,000 | ||
Company Selected Measure Amount | $ / shares | 5.69 | 5.19 | 5.11 | ||
PEO Name | Mr. Stone | Mr. Petratis | Mr. Petratis | Mr. Petratis | |
Additional 402(v) Disclosure [Text Block] | In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Compensation and Human Capital Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year on the same cumulative basis as used in Item 201(e) off Regulation S-K. Historical stock performance is not necessarily indicative of future stock performance.The following table presents the financial and non-financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and other NEOs for 2022 to Company performance. The measures in this table are not ranked. | ||||
Measure [Axis]: 1 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Adjusted (Non-GAAP) EPS | ||||
Non-GAAP Measure Description [Text Block] | We determined Adjusted (Non-GAAP) EPS to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2022. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.Adjusted (Non-GAAP) EPS was derived from reported EPS, and adjusted according to preestablished adjustments, which in 2022 included: (i) restructuring charges and acquisition and integration expenses; (ii) debt financing costs; (iii) a loss on the divestiture of a business; and (iv) non-operating investment gains and losses. | ||||
Measure [Axis]: 2 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Adjusted (Non-GAAP) EBITDA | ||||
Measure [Axis]: 3 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Adjusted (Non-GAAP) Operating Income | ||||
Measure [Axis]: 4 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Available Cash Flow (Non-GAAP) | ||||
Measure [Axis]: 5 | |||||
Pay vs Performance Disclosure [Table] | |||||
Measure Name | Revenue | ||||
D. D. Petratis [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Total Compensation Amount | $ 7,896,758 | $ 7,688,243 | $ 8,785,585 | ||
PEO Actually Paid Compensation Amount | 3,240,794 | 8,958,625 | 6,646,515 | ||
J.H. Stone [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Total Compensation Amount | 9,325,478 | ||||
PEO Actually Paid Compensation Amount | 9,622,314 | ||||
PEO [Member] | D. D. Petratis [Member] | Change in Pension Value [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | (226,748) | (2,012,295) | ||
PEO [Member] | D. D. Petratis [Member] | Stock Awards Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (5,249,314) | (4,699,359) | (4,634,326) | ||
PEO [Member] | D. D. Petratis [Member] | Pension Adjustments, Service Cost [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 403,313 | 362,054 | 436,721 | ||
PEO [Member] | D. D. Petratis [Member] | Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 190,037 | 5,834,435 | 4,070,830 | ||
PEO [Member] | D. D. Petratis [Member] | Equity Awards Granted During the Year, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 4,645,390 | 6,466,470 | 3,871,158 | ||
PEO [Member] | D. D. Petratis [Member] | Equity Awards Granted in Prior Years, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | (3,510,613) | (296,314) | (440,627) | ||
PEO [Member] | D. D. Petratis [Member] | Equity Awards Granted During the Year, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | 0 | 0 | ||
PEO [Member] | D. D. Petratis [Member] | Equity Awards Granted in Prior Years, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | (944,740) | (335,721) | 640,299 | ||
PEO [Member] | D. D. Petratis [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | 0 | 0 | ||
PEO [Member] | J.H. Stone [Member] | Change in Pension Value [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | ||||
PEO [Member] | J.H. Stone [Member] | Stock Awards Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (7,500,116) | ||||
PEO [Member] | J.H. Stone [Member] | Pension Adjustments, Service Cost [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 0 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 7,796,952 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Awards Granted During the Year, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 7,796,952 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Awards Granted in Prior Years, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Awards Granted During the Year, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Awards Granted in Prior Years, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | ||||
PEO [Member] | J.H. Stone [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 0 | ||||
Non-PEO NEO [Member] | Change in Pension Value [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (58,332) | 0 | (684,450) | ||
Non-PEO NEO [Member] | Stock Awards Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (872,452) | (1,739,758) | (746,796) | ||
Non-PEO NEO [Member] | Pension Adjustments, Service Cost [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 125,291 | 198,897 | 131,481 | ||
Non-PEO NEO [Member] | Equity Award Adjustments [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 149,573 | 1,671,474 | 574,551 | ||
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 595,075 | 1,305,652 | 584,947 | ||
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | (328,003) | (45,185) | (106,741) | ||
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | 194,664 | 460,012 | 0 | ||
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | (192,435) | (49,005) | 96,345 | ||
Non-PEO NEO [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount, Equity Awards | $ (119,728) | $ 0 | $ 0 |