DuPont management check
DD · Industrials · Industrial Conglomerates · CEO Lori D. Koch
Filings as of
2 good · 4 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $169, against $190 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.17 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
18.3% of net income$16.1m of reported pay in fiscal 2025, against $88.0m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 1.0 years of payThe CEO holds 345,172.078 shares, directly or through trusts (unvested awards not counted): about 1.0 years of pay. Light activity: no buys, $13k sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.5% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Lori D. Koch, Edward D. Breen. 7 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 Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 36 | 55 | |
| Pay for performance | 42 | 86 | |
| CEO cost | 0 | 48 | |
| Skin in the game | 36 | 55 | |
| Dilution | 93 | 62 | |
| Stable leadership | 50 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Industrial Conglomerates, by management score. DuPont is 75th of 81 in its sector.
- 396MMM3M54
- 407FASTFastenal52
- 411CPRTCopart52
- 416DDDuPont51
- 424IEXIDEX Corporation50
- 470HONHoneywell Technologies39
Pay versus performance
From the proxy statement filed April 10, 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 | Lori D. Koch, Edward D. Breen | $16.1m | $18.3m | $4.1m | $169 | $190 | $88.0m |
| 2024 | — | $15.7m | $15.4m | $5.1m | $131 | $176 | $703.0m |
| 2023 | — | $19.9m | $24.5m | $3.2m | $129 | $150 | $423.0m |
| 2022 | — | $25.6m | $19.1m | $3.3m | $113 | $127 | $5.9bn |
| 2021 | — | $15.1m | $19.4m | $5.9m | $131 | $135 | $6.5bn |
The board says pay is tied most to Adjusted EPS. Its other key measures: Adjusted ROIC, Adjusted Corporate Net Income.
Insiders and the CEO's stake
Lori Koch (CEO) held 345,172.078 shares directly after their latest Form 4 on Jun 2, 2026, roughly $16.9m at that filing's price.
Light activity: no buys, $13k sold in six months.
- SoldLori KochCEO$13kJun 2, 2026
Leadership and governance on file
- Apr 15, 2026Leadership change8-K 5.02
- Jan 20, 2026Leadership change8-K 5.02
- Nov 3, 2025Leadership change8-K 5.02
- Mar 17, 2025Leadership change8-K 5.02
- Feb 21, 2025Leadership change8-K 5.02
- Jun 27, 2024Leadership change8-K 5.02
- May 22, 2024Leadership change8-K 5.02
- Feb 7, 2023Leadership change8-K 5.02
- Nov 2, 2022Leadership change8-K 5.02
- Jan 20, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 26, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.3bn returned to owners in buybacks and dividends, 39% of net income, and $293.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.6bn | $13.0bn | $6.6bn | $6.7bn | $6.8bn |
| Net income | $6.5bn | $5.9bn | $423.0m | $703.0m | $88.0m |
| Stock-based pay | $67.0m | $75.0m | $57.0m | $56.0m | $38.0m |
| Buybacks | $2.1bn | — | — | — | — |
| Dividends | $630.0m | $652.0m | $651.0m | $635.0m | $597.0m |
| Diluted shares | 544m | 499m | 450m | 419m | 419m |
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.