IDEX Corporation management check
IEX · Industrials · Industrial Machinery & Supplies & Components · CEO Eric D Ashleman
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $95, against $191 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 0.64 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.9% of net income$9.1m of reported pay in fiscal 2025, against $483.2m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 1.9 years of payThe CEO holds 82,043 shares, directly or through trusts (unvested awards not counted): about 1.9 years of pay. 2 insiders sold $3.4m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.4% a year over the last three fiscal years. Stock-based pay was 0.8% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Ashleman, Mr Ashleman. 6 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 | 0 | 55 | |
| Pay for performance | 82 | 86 | |
| CEO cost | 27 | 48 | |
| Skin in the game | 29 | 55 | |
| Dilution | 55 | 62 | |
| Stable leadership | 55 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Industrial Machinery & Supplies & Components, by management score. IDEX Corporation is 76th 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 26, 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 | Mr Ashleman | $9.1m | $3.0m | $1.6m | $95 | $191 | $483.2m |
| 2024 | Mr. Ashleman | $9.4m | $2.8m | $1.7m | $110 | $170 | $505.0m |
| 2023 | Mr. Ashleman | $7.8m | $2.1m | $1.8m | $113 | $149 | $596.1m |
| 2022 | Mr. Ashleman | $7.5m | $11.4m | $2.4m | $117 | $114 | $586.9m |
| 2021 | Mr. Ashleman | $6.7m | $9.8m | $1.7m | $120 | $128 | $449.4m |
The board says pay is tied most to Adjusted EBITDA. Its other key measures: Total Shareholder Return, Relative TSR percentile ranking as compared to companies in the S&P 500 Index.
Insiders and the CEO's stake
Eric D Ashleman (CEO and President) held 82,043 shares directly after their latest Form 4 on May 11, 2026, roughly $17.7m at that filing's price.
2 insiders sold $3.4m in the last six months and none bought.
- SoldEric D AshlemanCEO and President$3.3mMay 11, 2026
- SoldLisa M AndersonSVP, GC, CAO & Corp Sec$92kAug 12, 2026
Leadership and governance on file
- Aug 17, 2026Leadership change8-K 5.02
- Feb 9, 2026Leadership change8-K 5.02
- Dec 4, 2025Leadership change8-K 5.02
- May 21, 2025Leadership change8-K 5.02
- Feb 20, 2025Leadership change8-K 5.02
- Oct 25, 2023Leadership change8-K 5.02
- Aug 30, 2023Leadership change8-K 5.02
- Aug 30, 2023Leadership change8-K 5.02
- Sep 22, 2022Leadership change8-K 5.02
- Jun 16, 2022Leadership change8-K 5.02
- May 10, 2022Leadership change8-K 5.02
- Feb 28, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 8, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $1.4bn returned to owners in buybacks and dividends, 52% of net income, and $116.9m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.8bn | $3.2bn | $3.3bn | $3.3bn | $3.5bn |
| Net income | $449.4m | $586.9m | $596.1m | $505.0m | $483.2m |
| Stock-based pay | $20.4m | $21.6m | $21.8m | $25.8m | $27.3m |
| Buybacks | $0 | $148.1m | $24.2m | $0 | $247.8m |
| Dividends | $161.1m | $177.4m | $190.7m | $205.3m | $212.6m |
| Diluted shares | 76m | 76m | 76m | 76m | 75m |
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.