Pay vs Performance Disclosure

2 Months Ended

3 Months Ended

8 Months Ended

12 Months Ended

May 08, 2022

Mar. 23, 2022

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay Versus Performance Table

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation

S-K,

we are providing the following information about the relationship between executive “compensation actually paid” or “CAP” and certain financial performance of the Company. You should refer to the “Compensation Discission and Analysis” in this proxy statement for a complete description of how executive compensation relates to Company performance and how the Compensation Committee makes its decisions.


Year (a)	Summary Compensation Table (SCT) Total for PEO 1 (Todd M. Bluedorn) (b)(1)		Compensation Actually Paid (“CAP”) to PEO 1 (Todd M. Bluedorn) (c)(1)(2)			SCT Total for PEO 2 (Todd J. Teske) (b)(1)		CAP to PEO 2 (Todd J. Teske) (c)(1)(2)		SCT Total for PEO 3 (Alok Maskara) (b)(1)		CAP to PEO 3 (Alok Maskara) (c)(1)(2)		Average SCT Total for Non-PEO Named Executive Officers (d)		Average CAP to Non-PEO Named Executive Officers (e)(1)(2)		Value of Initial Fixed $100 Investment Based On:				Net Income (in $millions) (h)
Year (a)						SCT Total for PEO 2 (Todd J. Teske) (b)(1)		CAP to PEO 2 (Todd J. Teske) (c)(1)(2)		SCT Total for PEO 3 (Alok Maskara) (b)(1)		CAP to PEO 3 (Alok Maskara) (c)(1)(2)				Average CAP to Non-PEO Named Executive Officers (e)(1)(2)		Total Shareholder Return (f)(3)		Peer Group Total Shareholder Return (g)(3)		Net Income (in $millions) (h)		Earnings Per Share (i)(4)
2022		$307,131		$(14,370,215	)		$593,636		$493,206		$10,097,779		$11,097,872		$2,397,526		$1,399,029		$102.22		$127.34		$497.1		$13.88
2021		$5,027,345		$14,483,856			$0		$0		$0		$0		$3,314,344		$4,935,005		$136.21		$153.13		$464.0		$12.39
2020		$14,475,348		$12,279,138			$0		$0		$0		$0		$3,535,972		$3,015,242		$113.79		$113.85		$356.3		$9.24

(1)

Todd M. Bluedorn (“PEO 1”) served as our principal executive officer (“PEO”) from January 1, 2022 to March 23, 2022, and for the full year for 2021 and 2020. Todd J. Teske (“PEO 2”) served as of PEO from March 23, 2022 through May 8, 2022. Alok Maskara (“PEO 3”) served as our PEO from May 9, 2022 to December 31, 2022. For 2022, our

non-PEO

named executive officers (“NEOs”) were Joseph W. Reitmeier, Gary S. Bedard, Douglas L. Young, and Joseph F. Nassab. For 2021 and 2020, our

non-PEO

NEOs were Joseph W. Reitmeier, Douglas L. Young, Daniel M. Sessa, and John D. Torres.

(2)

For each of 2022, 2021 and 2020, the values included in these columns for the compensation actually paid to our PEOs and the average compensation actually paid to our

non-PEO

NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


Todd M. Bluedorn	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		307,131		5,027,345		14,475,348
- aggregate change in actuarial present value of pension benefits		—		578,204		6,006,324
+ service cost of pension benefits		274,773		1,646,001		1,397,823
+ prior service cost of pension benefits		—		—		—
- SCT “Stock Awards” column value		—		—		4,044,188
- SCT “Option Awards” column value		—		—		981,689
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		—		—		4,947,180
For 2020:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:		—		5,425,245		795,280
For 2021:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (2nd and 3rd tranches)
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (3rd tranche)
For 2020:
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (2nd and 3rd tranches)
2018 PSUs (full award)
2018 RSUs (full award)
2018 SARs (3rd tranche)


Todd M. Bluedorn	2022			2021		2020
+ vesting date fair value of equity awards granted and vested in the covered year:		—			—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year, including:		—			2,963,469		1,695,708
For 2021:
2020 SARs (1st tranche)
2019 SARs (2nd tranche)
2018 PSUs (full award)
2018 RSUs (full award)
2018 SARs (3rd tranche)
For 2020:
2019 SARs (1st tranche)
2018 SARs (2nd tranche)
2017 PSUs (full award)
2017 RSUs (full award)
2017 SARs (3rd tranche)
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year, including:		14,952,119			—		—
For 2022:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (2nd and 3rd tranches)
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (3rd tranche)
+ dollar value of dividends/earnings paid on equity awards in the covered year		—			—		—
Compensation Actually Paid to PEO (column (c))		(14,370,215	)		14,483,856		12,279,138


Todd J. Teske	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		593,636		—		—
- aggregate change in actuarial present value of pension benefits		—		—		—
+ service cost of pension benefits		—		—		—
+ prior service cost of pension benefit		—		—		—
- SCT “Stock Awards” column value		139,068		—		—
- SCT “Option Awards” column value		—		—		—
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		134,205		—		—
For 2022:
December 2022 RSUs (full award)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:		(70,770)		—		—
For 2022:
2021 RSUs (full award)
2020 RSUs (full award)
+ vesting date fair value of equity awards granted and vested in the covered year:		—		—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year:		(24,797)		—		—
For 2022:
2019 RSUs (full award)
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:		—		—		—
+ dollar value of dividends/earnings paid on equity awards in the covered year		—		—		—
Compensation Actually Paid to PEO (column (c))		493,206		—		—


Alok Maskara	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		10,097,779		—		—
- aggregate change in actuarial present value of pension benefits		—		—		—
+ service cost of pension benefits		—		—		—
+ prior service cost of pension benefit		—		—		—
- SCT “Stock Awards” column value		6,708,818		—		—
- SCT “Option Awards” column value		971,133		—		—
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		8,680,044		—		—
For 2022:
May 2022 PSUs (full award)
May 2022 RSUs (all tranches)
December 2022 PSUs (full award)
December 2022 RSUs (full award)
December 2022 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end:		—		—		—
+ vesting date fair value of equity awards granted and vested in the covered year:		—		—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year:		—		—		—
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:		—		—		—
+ dollar value of dividends/earnings paid on equity awards in the covered year		—		—		—
Compensation Actually Paid to PEO (column (c))		11,097,872		—		—


AVERAGE FOR NON-PEO NEOS	2022	2021	2020
Average SCT Total for Non-PEO NEOs (column (d))	2,397,526	3,314,344	3,535,972
- aggregate change in actuarial present value of pension benefits	87,087	341,723	1,350,462
+ service cost of pension benefits	138,107	249,355	308,653
+ prior service cost of pension benefits	—	—	—
- SCT “Stock Awards” column value	1,068,248	1,306,697	794,356
- SCT “Option Awards” column value	240,347	225,460	192,835
+ year-end fair value 5 of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:	1,216,670	1,522,360	971,733
For 2022:
December 2022 PSUs (full award)
December 2022 RSUs (full award)
December 2022 SARs (all tranches)
May 2022 RSUs (full award; Mr. Nassab only)
For 2021:
December 2021 PSUs (full award)
December 2021 3-yr vest RSUs (full award)
December 2021 2-yr vest RSUs (full award; Mr. Reitmeier, Mr. Sessa, and Mr. Torres)
December 2021 SARs (all tranches)
For 2020:
December 2020 PSUs (full award)
December 2020 RSUs (full award)
December 2020 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:	(552,146)	1,099,248	168,258
For 2022:
2021 PSUs (full award)
2021 RSUs (full award)

AVERAGE FOR

NON-PEO

NEOS

2022

2021

2020

December 2021

2-yr

vest RSUs (full award; Mr. Reitmeier and Mr. Bedard)

2021 SARs (2nd and 3rd tranches)

2020 PSUs (full award)

2020 RSUs (full award)

2020 SARs (3rd tranche)

For 2021:

2020 PSUs (full award)

2020 RSUs (full award)

2020 SARs (2nd and 3rd tranches)

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (3rd tranche)

For 2020:

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (2nd and 3rd tranches)

2018 PSUs (full award)

2018 RSUs (full award)

2018 SARs (3rd tranche)

+ vesting date fair value of equity awards granted and vested in the covered year:

—

[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year, including:

(405,446)

623,578

368,279

For 2022:

2021 SARs (1st tranche)

2020 SARs (2nd tranche)

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (3rd tranche)

For 2021:

2020 SARs (1st tranche)

2019 SARs (2nd tranche)

2018 PSUs (full award)

2018 RSUs (full award)

2018 SARs (3rd tranche)

For 2020:

2019 SARs (1st tranche)

2018 SARs (2nd tranche)

2017 PSUs (full award)

2017 RSUs (full award)

2017 SARs (3rd tranche)

- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:

—

+ dollar value of dividends/earnings paid on equity awards in the covered year

—

Average Compensation Actually Paid to

Non-PEO

NEOs (column (e))

1,399,029

4,935,005

3,015,242

(3)

For purposes of this pay versus performance disclosure, our peer group consists of the following entities for 2020 and 2021: A. O. Smith Corporation, Acuity Brands, Inc., Dover Corporation, Flowserve Corporation, Fortune Brands Home & Security, Inc., Hubbell Inc., IDEX Corporation, Masco Corporation, Owens Corning, Pentair, Inc., Regal Rexnord Corporation, Rockwell Automation, Inc.,

Snap-On Incorporated,

The Timken Company, and Xylem Inc. (the “Peer Group”). For 2022, Crane Company began the process of a

spin-off

and Kennametal Inc. annual revenues dropped to below 50% of the Company annual revenue, and were therefore replaced by Masco Corporation and Xylem, Inc.

(4)	Earnings per share is calculated set forth on Appendix A.

Company Selected Measure Name

Earnings per share

Named Executive Officers, Footnote [Text Block]

Joseph W. Reitmeier, Gary S. Bedard, Douglas L. Young, and Joseph F. Nassab.

Joseph W. Reitmeier, Douglas L. Young, Daniel M. Sessa, and John D. Torres.

Peer Group Issuers, Footnote [Text Block]

Snap-On Incorporated,

The Timken Company, and Xylem Inc. (the “Peer Group”). For 2022, Crane Company began the process of a

spin-off

and Kennametal Inc. annual revenues dropped to below 50% of the Company annual revenue, and were therefore replaced by Masco Corporation and Xylem, Inc

Adjustment To PEO Compensation, Footnote [Text Block]

(2)

For each of 2022, 2021 and 2020, the values included in these columns for the compensation actually paid to our PEOs and the average compensation actually paid to our

non-PEO

NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:


Todd M. Bluedorn	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		307,131		5,027,345		14,475,348
- aggregate change in actuarial present value of pension benefits		—		578,204		6,006,324
+ service cost of pension benefits		274,773		1,646,001		1,397,823
+ prior service cost of pension benefits		—		—		—
- SCT “Stock Awards” column value		—		—		4,044,188
- SCT “Option Awards” column value		—		—		981,689
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		—		—		4,947,180
For 2020:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:		—		5,425,245		795,280
For 2021:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (2nd and 3rd tranches)
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (3rd tranche)
For 2020:
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (2nd and 3rd tranches)
2018 PSUs (full award)
2018 RSUs (full award)
2018 SARs (3rd tranche)


Todd M. Bluedorn	2022			2021		2020
+ vesting date fair value of equity awards granted and vested in the covered year:		—			—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year, including:		—			2,963,469		1,695,708
For 2021:
2020 SARs (1st tranche)
2019 SARs (2nd tranche)
2018 PSUs (full award)
2018 RSUs (full award)
2018 SARs (3rd tranche)
For 2020:
2019 SARs (1st tranche)
2018 SARs (2nd tranche)
2017 PSUs (full award)
2017 RSUs (full award)
2017 SARs (3rd tranche)
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year, including:		14,952,119			—		—
For 2022:
2020 PSUs (full award)
2020 RSUs (full award)
2020 SARs (2nd and 3rd tranches)
2019 PSUs (full award)
2019 RSUs (full award)
2019 SARs (3rd tranche)
+ dollar value of dividends/earnings paid on equity awards in the covered year		—			—		—
Compensation Actually Paid to PEO (column (c))		(14,370,215	)		14,483,856		12,279,138


Todd J. Teske	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		593,636		—		—
- aggregate change in actuarial present value of pension benefits		—		—		—
+ service cost of pension benefits		—		—		—
+ prior service cost of pension benefit		—		—		—
- SCT “Stock Awards” column value		139,068		—		—
- SCT “Option Awards” column value		—		—		—
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		134,205		—		—
For 2022:
December 2022 RSUs (full award)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:		(70,770)		—		—
For 2022:
2021 RSUs (full award)
2020 RSUs (full award)
+ vesting date fair value of equity awards granted and vested in the covered year:		—		—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year:		(24,797)		—		—
For 2022:
2019 RSUs (full award)
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:		—		—		—
+ dollar value of dividends/earnings paid on equity awards in the covered year		—		—		—
Compensation Actually Paid to PEO (column (c))		493,206		—		—


Alok Maskara	2022		2021		2020
Summary Compensation Table Total for PEO (column (b))		10,097,779		—		—
- aggregate change in actuarial present value of pension benefits		—		—		—
+ service cost of pension benefits		—		—		—
+ prior service cost of pension benefit		—		—		—
- SCT “Stock Awards” column value		6,708,818		—		—
- SCT “Option Awards” column value		971,133		—		—
+ year-end fair value of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:		8,680,044		—		—
For 2022:
May 2022 PSUs (full award)
May 2022 RSUs (all tranches)
December 2022 PSUs (full award)
December 2022 RSUs (full award)
December 2022 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end:		—		—		—
+ vesting date fair value of equity awards granted and vested in the covered year:		—		—		—
[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year:		—		—		—
- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:		—		—		—
+ dollar value of dividends/earnings paid on equity awards in the covered year		—		—		—
Compensation Actually Paid to PEO (column (c))		11,097,872		—		—

Non-PEO NEO Average Total Compensation Amount

$ 2,397,526

$ 3,314,344

$ 3,535,972

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,399,029

4,935,005

3,015,242

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


AVERAGE FOR NON-PEO NEOS	2022	2021	2020
Average SCT Total for Non-PEO NEOs (column (d))	2,397,526	3,314,344	3,535,972
- aggregate change in actuarial present value of pension benefits	87,087	341,723	1,350,462
+ service cost of pension benefits	138,107	249,355	308,653
+ prior service cost of pension benefits	—	—	—
- SCT “Stock Awards” column value	1,068,248	1,306,697	794,356
- SCT “Option Awards” column value	240,347	225,460	192,835
+ year-end fair value 5 of equity awards granted in the covered year that are outstanding and unvested as of the covered year-end, including:	1,216,670	1,522,360	971,733
For 2022:
December 2022 PSUs (full award)
December 2022 RSUs (full award)
December 2022 SARs (all tranches)
May 2022 RSUs (full award; Mr. Nassab only)
For 2021:
December 2021 PSUs (full award)
December 2021 3-yr vest RSUs (full award)
December 2021 2-yr vest RSUs (full award; Mr. Reitmeier, Mr. Sessa, and Mr. Torres)
December 2021 SARs (all tranches)
For 2020:
December 2020 PSUs (full award)
December 2020 RSUs (full award)
December 2020 SARs (all tranches)
[+/-] year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the covered year-end, including:	(552,146)	1,099,248	168,258
For 2022:
2021 PSUs (full award)
2021 RSUs (full award)

AVERAGE FOR

NON-PEO

NEOS

2022

2021

2020

December 2021

2-yr

vest RSUs (full award; Mr. Reitmeier and Mr. Bedard)

2021 SARs (2nd and 3rd tranches)

2020 PSUs (full award)

2020 RSUs (full award)

2020 SARs (3rd tranche)

For 2021:

2020 PSUs (full award)

2020 RSUs (full award)

2020 SARs (2nd and 3rd tranches)

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (3rd tranche)

For 2020:

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (2nd and 3rd tranches)

2018 PSUs (full award)

2018 RSUs (full award)

2018 SARs (3rd tranche)

+ vesting date fair value of equity awards granted and vested in the covered year:

—

[+/-] year-over-year change in fair value of equity awards granted in prior years that vested in the covered year, including:

(405,446)

623,578

368,279

For 2022:

2021 SARs (1st tranche)

2020 SARs (2nd tranche)

2019 PSUs (full award)

2019 RSUs (full award)

2019 SARs (3rd tranche)

For 2021:

2020 SARs (1st tranche)

2019 SARs (2nd tranche)

2018 PSUs (full award)

2018 RSUs (full award)

2018 SARs (3rd tranche)

For 2020:

2019 SARs (1st tranche)

2018 SARs (2nd tranche)

2017 PSUs (full award)

2017 RSUs (full award)

2017 SARs (3rd tranche)

- fair value as of prior-year end of equity awards granted in prior years that failed to vest in the covered year:

—

+ dollar value of dividends/earnings paid on equity awards in the covered year

—

Average Compensation Actually Paid to

Non-PEO

NEOs (column (e))

1,399,029

4,935,005

3,015,242

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Total Shareholder Return Vs Peer Group [Text Block]

Tabular List [Table Text Block]

Tabular List

The following table lists the four financial performance measures that we believe represent the most important financial performance measures the Company used to link compensation actually paid to our NEOs for fiscal 2022 to our performance:

Core Net Income

Earnings Per Share

ROIC

Free Cash Flow

Total Shareholder Return Amount

$ 102.22

136.21

113.79

Peer Group Total Shareholder Return Amount

127.34

153.13

113.85