Dover Corporation management check
DOV · Industrials · Industrial Machinery & Supplies & Components · CEO Richard Tobin
Filings as of
4 good · 2 to watch · 0 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 $165, against $190 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 0.74 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.7% of net income$18.8m of reported pay in fiscal 2025, against $1.1bn of net income.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.0% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Richard Tobin. 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 Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 34 | 55 | |
| Pay for performance | 87 | 86 | |
| CEO cost | 31 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 63 | 62 | |
| Stable leadership | 100 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Industrial Machinery & Supplies & Components, by management score. Dover Corporation is 36th of 81 in its sector.
- 120HUBBHubbell Incorporated75
- 123GWWW. W. Grainger74
- 151PHParker Hannifin72
- 170OTISOtis Worldwide71
- 179SNASnap-on70
- 196DOVDover Corporation69
- 197IRIngersoll Rand69
- 213PNRPentair68
- 286XYLXylem Inc.62
- 293NDSNNordson Corporation62
Pay versus performance
From the proxy statement filed March 24, 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 | Richard Tobin | $18.8m | $15.0m | $2.2m | $165 | $190 | $1.1bn |
| 2024 | — | $19.2m | $30.2m | $2.8m | $175 | $176 | $2.7bn |
| 2023 | — | $16.8m | $16.5m | $2.9m | $142 | $150 | $1.1bn |
| 2022 | — | $14.1m | −$13.7m | $2.4m | $123 | $127 | $1.1bn |
| 2021 | — | $14.1m | $56.2m | $2.4m | $163 | $135 | $1.1bn |
The board says pay is tied most to Adjusted Earnings.
Insiders and the CEO's stake
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Dec 9, 2024Leadership change8-K 5.02
- May 2, 2024Leadership change8-K 5.02
- Mar 7, 2024Leadership change8-K 5.02
- Nov 3, 2023Leadership change8-K 5.02
- Aug 3, 2023Leadership change8-K 5.02
- Mar 15, 2023Leadership change8-K 5.02
- Feb 9, 2023Leadership change8-K 5.02
- Nov 10, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 12, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.1bn returned to owners in buybacks and dividends, 44% of net income, and $176.3m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.9bn | $7.8bn | $7.7bn | $7.7bn | $8.1bn |
| Net income | $1.1bn | $1.1bn | $1.1bn | $2.7bn | $1.1bn |
| Stock-based pay | $31.1m | $30.1m | $30.8m | $40.4m | $44.0m |
| Buybacks | $21.6m | $585.0m | $0 | $500.0m | $540.7m |
| Dividends | $286.9m | $287.6m | $284.3m | $283.1m | $283.0m |
| Diluted shares | 145m | 144m | 141m | 139m | 138m |
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.