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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020


			Pay Versus Performance


Pay Versus Performance Table

As required by item 402(v) of Regulation S-K, we are providing the following information:


(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
Year	Summary Compensation Table Total Compensation for CEO ($)(1)(2)	Compensation Actually Paid to CEO ($)(3)	Average Summary Compensation Table Total Compensation for Other NEOs ($)(1)(2)	Average Compensation Actually Paid to Other NEOs ($)(2)(3)	Value of Initial Fixed $100 Investment based on:		Net Income ($)	Company-Wide Segment Income ($)(6)
					Total Shareholder Return ($)(4)	Peer Group Total Shareholder Return ($)(5)
2023	10,008,469	17,893,209	2,722,854	4,497,393	143	134	622,700,000	855,100,000
2022	7,783,265	(1,944,891)	2,053,323	206,764	103	127	480,900,000	767,700,000
2021	9,429,546	22,765,163	2,756,991	5,517,160	164	158	553,000,000	685,900,000
2020	9,342,044	8,880,349	2,293,390	1,901,314	118	123	358,600,000	517,600,000

(1)The amounts shown in columns (b) and (d) reflect “Total Compensation” from the Summary Compensation Table (“SCT”) for each year shown. See the SCT and the notes thereto for the compensation elements included in Total Compensation for each year.

(2)For 2023, the CEO was John Stauch and the Other NEOs were Robert Fishman, Executive Vice President, Chief Financial Officer and Chief Accounting Officer, Tanya Hooper, Executive Vice President and Chief Human Resources Officer, Jerome Pedretti, Executive Vice President & CEO, Pool, and Adrian Chiu, Executive Vice President and President, Water Solutions.

For 2022, the CEO was John Stauch and the Other NEOs were Robert Fishman, Executive Vice President, Chief Financial Officer and Chief Accounting Officer, Karla Robertson, Executive Vice President, General Counsel, Secretary and Chief Social Responsibility Officer, Jerome Pedretti, previously Executive Vice President & President, IFT, Steve Pilla, Executive Vice President, Chief Supply Chain Officer and Chief Transformation Officer, and Mario D’Ovidio, former Executive Vice President & President, Consumer Solutions.

For 2021, the CEO was John Stauch and the Other NEOs were Robert Fishman, Executive Vice President, Chief Financial Officer and Chief Accounting Officer, Karla Robertson, Executive Vice President, General Counsel, Secretary and Chief Social Responsibility Officer, Jerome Pedretti, previously Executive Vice President & President IFT, and Mario D’Ovidio, former Executive Vice President & President, Consumer Solutions.

For 2020, the CEO was John Stauch and the Other NEOs were Robert Fishman, Executive Vice President, Chief Financial Officer and Chief Accounting Officer, Karla Robertson, Executive Vice President, General Counsel, Secretary and Chief Social Responsibility Officer, Mario D’Ovidio, former Executive Vice President & President, Consumer Solutions, Mark Borin, former Executive Vice President, Chief Financial Officer, John Jacko, former Executive Vice President, Chief Growth Officer, and Karl Frykman, former Executive Vice President, Chief Operating Officer.

(3)To calculate Compensation Actually Paid, adjustments were made to the “Total Compensation” reported in the SCT for the change in pension value and the value of equity awards, as follows:

2023 Adjustments


Adjustments	CEO ($)	Average of Other NEOs ($)
Total Compensation from SCT	10,008,469	2,722,854
Adjustments for defined benefit and actuarial pension plans(a):	(745,945)	—
Less, aggregate change in the actuarial present value of accumulated benefits under all defined benefit and pension plans reported in the SCT	1,064,217	—
Plus, service cost	318,272	—

Adjustments for stock and option awards:	8,630,685	1,774,539
Less, value of “Stock Awards” and “Option Awards” reported in SCT	6,199,958	1,543,728
Plus, year-end fair value of outstanding and unvested equity awards granted in fiscal year 2023	9,736,783	2,445,732
Plus, the difference between the fair value of equity awards from the end of fiscal year 2022 to the end of fiscal year 2023 for awards granted in any prior fiscal year that are outstanding and unvested at year-end	2,564,982	393,759
Plus, the change in fair value from the end of fiscal year 2022 to the vesting date for equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during fiscal year 2023	2,528,878	478,649


Add dividends or other earnings paid on stock or option awards in 2023 prior to vesting if not otherwise included in total compensation for fiscal year 2023	—	127
Compensation Actually Paid (as calculated) (b) (c)	17,893,209	4,497,393

(a)For 2023, none of the Other NEOs participated in a pension plan.

(b)Compensation actually paid is calculated in accordance with the SEC methodology.

(c)Fair value of equity awards are computed in accordance with ASC 718. Assumptions used in the calculation of these amounts are included in note 13 to our audited financial statements for the year December 31, 2023 included in our Annual Report on Form 10-K filed with the SEC on February 20, 2024 and are adjusted for factors such as expected payout on Performance Share Units and expected life for Option Awards as of the respective measurement dates.

(4)The table shows the cumulative total shareholder returns on our ordinary shares, assuming an investment of $100 on December 31, 2020, and the reinvestment of all dividends since that date to the last fiscal day of each applicable year.

(5)Based on the size and diversity of our businesses as well as our market capitalization, we consider the S&P 500 Industrials Index to be our peer group. The S&P 500 Industrials Index is one of the industry indexes used in our performance graph in our Form 10-K.

(6)Our company selected metric is company-wide segment income. Refer to Appendix A for GAAP to Non GAAP Reconciliation.

Company Selected Measure Name

Company-WideSegmentIncome($)(6)

Peer Group Issuers, Footnote

The table shows the cumulative total shareholder returns on our ordinary shares, assuming an investment of $100 on December 31, 2020, and the reinvestment of all dividends since that date to the last fiscal day of each applicable year.

PEO Total Compensation Amount

$ 10,008,469

$ 7,783,265

$ 9,429,546

$ 9,342,044

PEO Actually Paid Compensation Amount

17,893,209

(1,944,891)

22,765,163

8,880,349

Non-PEO NEO Average Total Compensation Amount

2,722,854

2,053,323

2,756,991

2,293,390

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,497,393

206,764

5,517,160

1,901,314

Compensation Actually Paid vs. Total Shareholder Return

Pay Versus TSR 2020-2023

CAP to CEO

Avg CAP to Other NEOs

PNR TSR

Peer TSR

As reflected in the tables above, we believe the Compensation Actually Paid to our NEOs has a high degree of correlation to our Company’s performance.

Compensation Actually Paid vs. Company Selected Measure

Pay Versus Net Income & Segment Income 2020-2023

CAP to CEO

Avg CAP to Other NEOs

Net Income

Segment Income

Tabular List, Table

Tabular List of Important Performance Measures Used to Link Pay and Performance

The four measures listed below represent the most important measures used to link compensation actually paid to the NEOs, for fiscal 2023, with our performance, as further described in the CD&A.


Most Important Measures for Linking Pay and Performance
Measure 1 -			Company-Wide Segment Income
Measure 2 -			Adjusted EPS
Measure 3 -			ROIC
Measure 4 -			TSR

While not a metric used in our short and long-term plans, we are including TSR. A sizable amount of the variability of compensation actually paid depends on the value of equity awards, which is based on the Company’s stock price.

Total Shareholder Return Amount

$ 143

103

164

118

Peer Group Total Shareholder Return Amount

134

127

158

123

Net Income (Loss)

$ 622,700,000

$ 480,900,000

$ 553,000,000

$ 358,600,000

Company Selected Measure Amount

855,100,000

767,700,000

685,900,000

517,600,000

PEO Name

John Stauch

Adjustment to PEO and Non-PEO NEO Compensation, Footnote

To calculate Compensation Actually Paid, adjustments were made to the “Total Compensation” reported in the SCT for the change in pension value and the value of equity awards, as follows:

2023 Adjustments


Adjustments	CEO ($)	Average of Other NEOs ($)
Total Compensation from SCT	10,008,469	2,722,854
Adjustments for defined benefit and actuarial pension plans(a):	(745,945)	—
Less, aggregate change in the actuarial present value of accumulated benefits under all defined benefit and pension plans reported in the SCT	1,064,217	—
Plus, service cost	318,272	—

Adjustments for stock and option awards:	8,630,685	1,774,539
Less, value of “Stock Awards” and “Option Awards” reported in SCT	6,199,958	1,543,728
Plus, year-end fair value of outstanding and unvested equity awards granted in fiscal year 2023	9,736,783	2,445,732
Plus, the difference between the fair value of equity awards from the end of fiscal year 2022 to the end of fiscal year 2023 for awards granted in any prior fiscal year that are outstanding and unvested at year-end	2,564,982	393,759
Plus, the change in fair value from the end of fiscal year 2022 to the vesting date for equity awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied during fiscal year 2023	2,528,878	478,649


Add dividends or other earnings paid on stock or option awards in 2023 prior to vesting if not otherwise included in total compensation for fiscal year 2023	—	127
Compensation Actually Paid (as calculated) (b) (c)	17,893,209	4,497,393

(a)For 2023, none of the Other NEOs participated in a pension plan.

(b)Compensation actually paid is calculated in accordance with the SEC methodology.