TransDigm Group management check
TDG · Industrials · Aerospace & Defense · CEO Kevin M. Stein
Filings as of
2 good · 4 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 $334, against $283 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 0.50 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
Insiders are selling2 insiders sold $104.9m in the last six months and none bought. 178 of 262 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.9% a year over the last three fiscal years. Stock-based pay was 1.7% of revenue in the latest year.
- Good
Is leadership stable?
9 leadership filings in 3 yearsCEO in the pay table: Kevin M. Stein. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 1 amended annual report.
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 | 73 | 55 | |
| Pay for performance | 75 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | — | — | 55 |
| Dilution | 39 | 62 | |
| Stable leadership | 80 | 75 | |
| Clean books | 70 | 100 |
Closest peers
Others in Aerospace & Defense, by management score. TransDigm Group is 44th of 81 in its sector.
- 21GEGE Aerospace85
- 44RTXRTX Corporation82
- 98HWMHowmet Aerospace76
- 113NOCNorthrop Grumman75
- 130LMTLockheed Martin73
- 154GDGeneral Dynamics72
- 206TXTTextron68
- 217TDGTransDigm Group67
- 310LHXL3Harris61
- 382HIIHuntington Ingalls Industries55
Pay versus performance
From the proxy statement filed January 23, 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 | Kevin M. Stein | $25.2m | $27.1m | $25.8m | $334 | $283 | — |
| 2024 | Kevin M. Stein | $21.4m | $173.9m | $17.8m | $312 | $182 | — |
| 2023 | Kevin M. Stein | $23.8m | $81.0m | $8.5m | $184 | $129 | — |
| 2022 | Kevin M. Stein | $18.7m | $2.2m | $6.7m | $114 | $106 | — |
| 2021 | Kevin M. Stein | $21.5m | $44.5m | $16.6m | $131 | $137 | — |
Its other key measures: AOP, EBITDA As Defined dollars, EBITDA As Defined margin.
Insiders and the CEO's stake
2 insiders sold $104.9m in the last six months and none bought. 178 of 262 sales ran on pre-arranged 10b5-1 plans.
- SoldW Nicholas HowleyDirector$76.9mAug 18, 2026
- SoldJoel ReissCo-Chief Operating Officer$28.0mOct 15, 2026
Leadership and governance on file
- Jul 24, 2026Leadership change8-K 5.02
- Oct 23, 2025Leadership change8-K 5.02
- Oct 3, 2025Leadership change8-K 5.02
- Oct 1, 2025Leadership change8-K 5.02
- Aug 5, 2025Leadership change8-K 5.02
- Jul 25, 2025Leadership change8-K 5.02
- Jul 9, 2025Leadership change8-K 5.02
- May 6, 2025Leadership change8-K 5.02
- Oct 27, 2023Leadership change8-K 5.02
- May 26, 2023Leadership change8-K 5.02
- Jan 28, 2022Annual report amended10-K/A
Latest shareholder vote results: Mar 5, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $14.3bn returned to owners in buybacks and dividends, 215% of net income, and $757.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.8bn | $5.4bn | $6.6bn | $7.9bn | $8.8bn |
| Net income | $680.0m | $866.0m | $1.3bn | $1.7bn | $2.1bn |
| Stock-based pay | $129.0m | $153.0m | $135.0m | $188.0m | $152.0m |
| Buybacks | $0 | $912.0m | $0 | $0 | $500.0m |
| Dividends | $73.0m | $1.1bn | $38.0m | $2.0bn | $9.6bn |
| Diluted shares | 58m | 58m | 57m | 58m | 58m |
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.