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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
SCT Total
for PEO(1)
($)
Compensation
Actually Paid
to PEO(2)
($)
Average SCT
Total for
Non-PEO NEOs(1)
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs(2)
($)
Value of Initial Fixed
$100 Investment
Based on:
TSR(3)
($)
Peer Group
TSR(3)(4)
($)
Net Income(5)
($ in millions)
Adjusted
EPS(6)
($)
2024 4,778,183 6,026,186 3,268,356 3,966,403 87.35 207.99 517.7 9.70
2023 4,428,417 4,504,314 3,143,289 3,235,558 75.89 193.46 (439.5) 9.19
2022 4,259,954 2,404,723 2,290,221 724,896 74.95 123.39 25.2 12.85
2021 5,190,696 6,087,743 3,148,501 3,608,823 133.58 164.32 1,033.2 14.86
2020 3,636,376 3,695,354 2,309,547(7) 1,966,889 103.35 120.37 515.6 8.83
(1)
The PEO and non-PEO NEOs for each year are as follows:
Year
PEO
Non-PEO NEOs
2024
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Mauro Vandini
2023
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Bernard P. Thiers
2022
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Bernard P. Thiers
2021
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock, Bernard P. Thiers and Frank H. Boykin
2020
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock, Bernard P. Thiers, Frank H. Boykin and Glenn R. Landau
(2)
The CAP was calculated beginning with the PEO’s SCT total and the non-PEO NEO’s average SCT total for each respective year. The table below describes the adjustments, each of which is required by SEC rules, to calculate CAP from the SCT total of our PEO and our non-PEO NEOs.
2024
($)
2023
($)
2022
($)
2021
($)
2020
($)
Adjustments
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
SCT Total 4,778,183 3,268,356 4,428,417 3,143,289 4,259,954 2,290,221 5,190,696 3,148,501 3,636,376 2,309,547
Adjustments for Stock Awards
(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year
(1,699,963) (1,253,210) (1,069,537) (1,292,038) (2,055,992) (1,056,428) (1,901,669) (1,594,926) (1,364,847) (664,280)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
2,568,919 1,540,113 1,076,297 1,360,508 1,530,131 786,225 1,971,916 1,594,330 1,561,867 624,831
Add (Deduct): Year-over-year
change in fair value at covered
fiscal year end of awards granted
in any prior fiscal year that were
outstanding and unvested at the
covered fiscal year end
186,325 211,068 17,392 15,194 (872,284) (1,035,142) 423,886 268,176 44,064 30,128
Add (Deduct): Change as of the
vesting date (from the end of the
prior fiscal year) in fair value of
awards granted in any prior fiscal
year for which vesting conditions
were satisfied during the covered
fiscal year
192,722 200,076 51,745 8,605 (457,087) (259,980) 402,914 192,742 (182,106) (77,216)
(Deduct): Fair value at end of
prior fiscal year of awards
granted in any prior fiscal year
that failed to meet the applicable
vesting conditions during the
covered fiscal year
0 0 0 0 0 0 0 0 0 (256,122)
CAP Amounts (as Calculated) 6,026,186 3,966,403 4,504,314 3,235,558 2,404,723 724,896 6,087,743 3,608,823 3,695,354 1,966,889
*
Amounts presented are averages for the entire group of non-PEO NEOs in each respective year.
(3)
The values disclosed in these TSR columns represent the measurement period value of an investment of $100 made on January 1, 2020 as of December 31, 2020, and then valued again on each of December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
(4)
The peer group used for purposes of this disclosure is the S&P 500 Household Durables Index, which we also utilize in the stock performance graph provided in our annual report pursuant to Item 201(e) of Regulation S-K.
(5)
Net earnings attributable to Mohawk Industries, Inc. as reported in our Consolidated Statements of Operations included in our Form 10-K.
(6)
Please see Annex A to this Proxy Statement for a reconciliation of Non-GAAP financial measures.
       
Company Selected Measure Name Adjusted EPS        
Named Executive Officers, Footnote
(1)
The PEO and non-PEO NEOs for each year are as follows:
Year
PEO
Non-PEO NEOs
2024
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Mauro Vandini
2023
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Bernard P. Thiers
2022
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock and Bernard P. Thiers
2021
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock, Bernard P. Thiers and Frank H. Boykin
2020
Jeffrey S. Lorberbaum
W. Christopher Wellborn, James F. Brunk, Paul F. De Cock, Bernard P. Thiers, Frank H. Boykin and Glenn R. Landau
       
Peer Group Issuers, Footnote
(4)
The peer group used for purposes of this disclosure is the S&P 500 Household Durables Index, which we also utilize in the stock performance graph provided in our annual report pursuant to Item 201(e) of Regulation S-K.
       
PEO Total Compensation Amount $ 4,778,183 $ 4,428,417 $ 4,259,954 $ 5,190,696 $ 3,636,376
PEO Actually Paid Compensation Amount $ 6,026,186 4,504,314 2,404,723 6,087,743 3,695,354
Adjustment To PEO Compensation, Footnote
(2)
The CAP was calculated beginning with the PEO’s SCT total and the non-PEO NEO’s average SCT total for each respective year. The table below describes the adjustments, each of which is required by SEC rules, to calculate CAP from the SCT total of our PEO and our non-PEO NEOs.
2024
($)
2023
($)
2022
($)
2021
($)
2020
($)
Adjustments
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
SCT Total 4,778,183 3,268,356 4,428,417 3,143,289 4,259,954 2,290,221 5,190,696 3,148,501 3,636,376 2,309,547
Adjustments for Stock Awards
(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year
(1,699,963) (1,253,210) (1,069,537) (1,292,038) (2,055,992) (1,056,428) (1,901,669) (1,594,926) (1,364,847) (664,280)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
2,568,919 1,540,113 1,076,297 1,360,508 1,530,131 786,225 1,971,916 1,594,330 1,561,867 624,831
Add (Deduct): Year-over-year
change in fair value at covered
fiscal year end of awards granted
in any prior fiscal year that were
outstanding and unvested at the
covered fiscal year end
186,325 211,068 17,392 15,194 (872,284) (1,035,142) 423,886 268,176 44,064 30,128
Add (Deduct): Change as of the
vesting date (from the end of the
prior fiscal year) in fair value of
awards granted in any prior fiscal
year for which vesting conditions
were satisfied during the covered
fiscal year
192,722 200,076 51,745 8,605 (457,087) (259,980) 402,914 192,742 (182,106) (77,216)
(Deduct): Fair value at end of
prior fiscal year of awards
granted in any prior fiscal year
that failed to meet the applicable
vesting conditions during the
covered fiscal year
0 0 0 0 0 0 0 0 0 (256,122)
CAP Amounts (as Calculated) 6,026,186 3,966,403 4,504,314 3,235,558 2,404,723 724,896 6,087,743 3,608,823 3,695,354 1,966,889
       
Non-PEO NEO Average Total Compensation Amount $ 3,268,356 3,143,289 2,290,221 3,148,501 2,309,547
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,966,403 3,235,558 724,896 3,608,823 1,966,889
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The CAP was calculated beginning with the PEO’s SCT total and the non-PEO NEO’s average SCT total for each respective year. The table below describes the adjustments, each of which is required by SEC rules, to calculate CAP from the SCT total of our PEO and our non-PEO NEOs.
2024
($)
2023
($)
2022
($)
2021
($)
2020
($)
Adjustments
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
PEO
Non-PEO
NEOs*
SCT Total 4,778,183 3,268,356 4,428,417 3,143,289 4,259,954 2,290,221 5,190,696 3,148,501 3,636,376 2,309,547
Adjustments for Stock Awards
(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year
(1,699,963) (1,253,210) (1,069,537) (1,292,038) (2,055,992) (1,056,428) (1,901,669) (1,594,926) (1,364,847) (664,280)
Add: Fair value at year end of
awards granted during the
covered fiscal year that were
outstanding and unvested at the
covered fiscal year end
2,568,919 1,540,113 1,076,297 1,360,508 1,530,131 786,225 1,971,916 1,594,330 1,561,867 624,831
Add (Deduct): Year-over-year
change in fair value at covered
fiscal year end of awards granted
in any prior fiscal year that were
outstanding and unvested at the
covered fiscal year end
186,325 211,068 17,392 15,194 (872,284) (1,035,142) 423,886 268,176 44,064 30,128
Add (Deduct): Change as of the
vesting date (from the end of the
prior fiscal year) in fair value of
awards granted in any prior fiscal
year for which vesting conditions
were satisfied during the covered
fiscal year
192,722 200,076 51,745 8,605 (457,087) (259,980) 402,914 192,742 (182,106) (77,216)
(Deduct): Fair value at end of
prior fiscal year of awards
granted in any prior fiscal year
that failed to meet the applicable
vesting conditions during the
covered fiscal year
0 0 0 0 0 0 0 0 0 (256,122)
CAP Amounts (as Calculated) 6,026,186 3,966,403 4,504,314 3,235,558 2,404,723 724,896 6,087,743 3,608,823 3,695,354 1,966,889
*
Amounts presented are averages for the entire group of non-PEO NEOs in each respective year
       
Compensation Actually Paid vs. Total Shareholder Return
PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR
[MISSING IMAGE: bc_tsr-pn.jpg]
       
Compensation Actually Paid vs. Net Income
PEO and Average Non-PEO NEO Compensation Actually Paid Versus Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
PEO and Average Non-PEO NEO Compensation Actually Paid Versus Adjusted EPS
[MISSING IMAGE: bc_adjustedeps-pn.jpg]
       
Total Shareholder Return Vs Peer Group
PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR
[MISSING IMAGE: bc_tsr-pn.jpg]
       
Tabular List, Table
REQUIRED TABULAR DISCLOSURE OF MOST IMPORTANT MEASURES TO DETERMINE 2024 CAP

Adjusted EPS

Total Stockholder Return (TSR) as compared to the S&P 500

Adjusted Operating Income
       
Total Shareholder Return Amount $ 87.35 75.89 74.95 133.58 103.35
Peer Group Total Shareholder Return Amount 207.99 193.46 123.39 164.32 120.37
Net Income (Loss) $ 517,700,000 $ (439,500,000) $ 25,200,000 $ 1,033,200,000 $ 515,600,000
Company Selected Measure Amount 9.7 9.19 12.85 14.86 8.83
PEO Name Jeffrey S. Lorberbaum        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Non-GAAP Measure Description
(6)
Please see Annex A to this Proxy Statement for a reconciliation of Non-GAAP financial measures.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Total Stockholder Return (TSR) as compared to the S&P 500        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Income        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,699,963) $ (1,069,537) $ (2,055,992) $ (1,901,669) $ (1,364,847)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,568,919 1,076,297 1,530,131 1,971,916 1,561,867
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 186,325 17,392 (872,284) 423,886 44,064
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 192,722 51,745 (457,087) 402,914 (182,106)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,253,210) (1,292,038) (1,056,428) (1,594,926) (664,280)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,540,113 1,360,508 786,225 1,594,330 624,831
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 211,068 15,194 (1,035,142) 268,176 30,128
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 200,076 8,605 (259,980) 192,742 (77,216)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ (256,122)