Amphenol management check
APH · Information Technology · Electronic Components · CEO R. Adam Norwitt.
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $433, against $237 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.93 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$22.4m of reported pay in fiscal 2025, against $4.3bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 25 years of payThe CEO holds 3,477,788 shares, directly or through trusts (unvested awards not counted): about 25 years of pay. 4 insiders sold $199.1m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.5% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: R. Adam Norwitt.. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 33 | |
| Pay for performance | 96 | 87 | |
| CEO cost | 73 | 35 | |
| Skin in the game | 80 | 47 | |
| Dilution | 32 | 56 | |
| Stable leadership | 100 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electronic Components, by management score. Amphenol is 8th of 73 in its sector.
- 27AMATApplied Materials85
- 35KLACKLA Corporation83
- 36APHAmphenol83
- 42GDDYGoDaddy82
- 177GLWCorning Inc.71
- 371COHRCoherent Corp.56
Pay versus performance
From the proxy statement filed April 8, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | R. Adam Norwitt. | $22.4m | $141.6m | $5.8m | $433 | $237 | $4.3bn |
| 2024 | — | $17.2m | $63.4m | $4.7m | $221 | $177 | $2.4bn |
| 2023 | — | $10.9m | $31.1m | $4.0m | $156 | $132 | $1.9bn |
| 2022 | — | $14.0m | −$15.7m | $4.1m | $119 | $103 | $1.9bn |
| 2021 | — | $13.1m | $51.0m | $3.3m | $135 | $125 | $1.6bn |
The board says pay is tied most to GAAP Diluted EPS. Its other key measures: Net Sales Growth for the Company, Net Sales Growth for the relevant Division, Adjusted Diluted EPS Growth, Adjusted Operating Income Growth for the relevant Division, Performance to Budget for the relevant Division.
Insiders and the CEO's stake
Richard Adam Norwitt (President & CEO) held 3,477,788 shares directly after their latest Form 4 on Jul 31, 2026, roughly $564.3m at that filing's price.
4 insiders sold $199.1m in the last six months and none bought.
- SoldRichard Adam NorwittPresident & CEO$129.7mJul 31, 2026
- SoldCraig A LampoEVP& CFO$32.3mAug 4, 2026
- SoldDavid M SilvermanEVP, Human Resources$20.9mAug 5, 2026
- SoldLance E D'amicoEVP, Secretary & GenCounsel$16.2mAug 3, 2026
Leadership and governance on file
- Oct 6, 2026Leadership change8-K 5.02
- Feb 5, 2026Leadership change8-K 5.02
- Jan 8, 2026Leadership change8-K 5.02
- May 14, 2025Leadership change8-K 5.02
- Oct 6, 2023Leadership change8-K 5.02
- Jan 12, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.1bn returned to owners in buybacks and dividends, 50% of net income, and $516.4m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10.9bn | $12.6bn | $12.6bn | $15.2bn | $23.1bn |
| Net income | $1.6bn | $1.9bn | $1.9bn | $2.4bn | $4.3bn |
| Stock-based pay | $83.0m | $89.5m | $99.0m | $109.5m | $135.4m |
| Buybacks | $661.7m | $730.5m | $585.1m | $689.3m | $665.2m |
| Dividends | $346.7m | $477.4m | $500.6m | $595.1m | $802.2m |
| Diluted shares | 626m | 1242m | 1241m | 1264m | 1278m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.