Masco finalizes retirement agreement with former CEO Keith J. Allman

Masco Corporation (NYSE:MAS) announced Tuesday that it has entered into a retirement agreement with Keith J. Allman, the company’s former President and Chief Executive Officer, following his previously disclosed retirement on the same day.

According to a statement based on a Securities and Exchange Commission filing, Allman will receive a prorated 2025 cash bonus, calculated according to his individual target opportunity and Masco’s annual performance through his last day of employment. He will also be paid the cash equivalent of a 2025 restricted stock unit award, prorated through his departure date.

Additionally, Allman is eligible for share awards under the company’s 2023-2025 and 2024-2026 Long-Term Incentive Programs, provided that the established performance goals for each program are met. These awards will be prorated to reflect the period Allman was employed during each applicable performance cycle.

The agreement formalizes the terms of Allman’s compensation following his retirement from the Michigan-based manufacturer, which is listed on the New York Stock Exchange under the ticker MAS. This information is based on a press release statement included in Masco’s SEC filing.

In other recent news, Masco Corporation reported its Q1 2025 earnings, which showed a slight miss on earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.87, falling short of the forecasted $0.92, and revenue came in at $1.8 billion, below the anticipated $1.84 billion. These results prompted Masco to withdraw its 2025 guidance due to uncertainties surrounding tariffs, particularly those involving China, which are expected to impact the company by $400 million in 2025. Truist Securities adjusted its outlook on Masco, reducing the price target to $75 from $92 while maintaining a Buy rating, citing challenges with tariffs and softening demand in big-box retail. Similarly, Jefferies analyst Philip Ng lowered Masco’s stock target to $62 from $64, maintaining a Hold rating due to concerns over the DIY paint market’s ongoing softness. Masco’s Decorative Architectural Products segment has faced structural challenges, with a shift towards professional users. Despite these challenges, the company plans to focus on growth in the Pro market while navigating headwinds in the DIY sector.

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