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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Item 402(v) of

Regulation S-K, we

are providing the following information regarding the relationship between “compensation actually paid” or “CAP”, as defined in Item 402(v), and certain financial performance metrics for each of the last four completed fiscal years. In determining the CAP to our NEOs, we are required to make various adjustments to amounts that have been reported in the Summary Compensation Table (“SCT”) in previous years, as the SEC’s valuation methods for this section differ from those required in the SCT. The table below summarizes compensation values both previously reported in our SCT, as well as the adjusted values required in this section for the 2023, 2022, 2021 and 2020 fiscal years. Note that for our NEOs other than our principal executive officer (the “PEO”), compensation is reported as an average.


Year	SCT Total for PEO (1)		Compensation actually paid to PEO (2)		Average SCT Total for non-PEO NEOs (1)			Average Compensation actually paid to non-PEO NEOs (2)			Value of Initial Fixed $100 Investment based on:				Net Income (in millions) (5)			Adjusted EPS (6)
Year	SCT Total for PEO (1)		Compensation actually paid to PEO (2)		Average SCT Total for non-PEO NEOs (1)			Average Compensation actually paid to non-PEO NEOs (2)			TSR (3)		Peer Group TSR (3)(4)		Net Income (in millions) (5)			Adjusted EPS (6)

2023		4,428,417		4,504,314		3,143,289			3,235,558			75.89		193.46	$	(439.5	)	$	9.19

2022		4,259,954		2,404,723		2,290,221			724,896			74.95		123.39	$	25.2		$	12.85

2021		5,190,696		6,087,743		3,148,501			3,608,823			133.58		164.32	$	1,033.2		$	14.86

2020		3,636,376		3,695,354		2,309,547	(7)		1,966,889	(7)		103.35		120.37	$	515.6		$	8.83

(1)	The PEO and the non-PEO NEOs for each year are as follows:

2023: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers and Paul F. De Cock,

non-PEO

NEOs.

2022: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers and Paul F. De Cock,

non-PEO

NEOs.

2021: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers, Paul F. De Cock and Frank H. Boykin,

non-PEO

NEOs. Mr. Boykin served the Company as Chief Financial Officer through April 1, 2021. Mr. Boykin did not receive an equity award in 2021.

2020: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers, Paul F. De Cock, Frank H. Boykin and Glenn R. Landau,

non-PEO

NEOs. Mr. Landau resigned as Executive Vice President and Chief Financial Officer of the Company in April 2020. Pursuant to the terms of his separation agreement with the Company, Mr. Landau received a payment equal to nine months cash compensation and the continued vesting of 1,878 shares of restricted stock. Mr. Landau did not otherwise receive compensation from the Company after his departure from the Company in 2020. Mr. Boykin had previously served as the Company’s Chief Financial Officer through his retirement on March 31, 2019, and continued to serve as a consultant to the Company following his retirement in March 2019 and until his appointment as Chief Financial Officer on April 15, 2020. Mr. Boykin did not receive an equity award in 2020.

(2)	The CAP was calculated beginning with the PEO’s SCT total and the non-PEO NEO’s average SCT total for each respective year. The table below describes the adjustments, each of which is required by SEC rules, to calculate CAP from the SCT total of our PEO and our non-PEO NEOs.


	2023						2022						2021						2020
Adjustments	PEO			Non-PEO NEOs			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*

SCT Total	$	4,428,417			3,143,289		$	4,259,954			2,290,221		$	5,190,696			3,148,501		$	3,636,376			2,309,547

Adjustments for stock awards

(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year		(1,069,537	)		(1,292,038	)		(2,055,992	)		(1,056,428	)		(1,901,669	)		(1,594,926	)		(1,364,847	)		(664,280	)

Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end		1,076,297			1,360,508			1,530,131			786,225			1,971,916			1,594,330			1,561,867			624,831

Add (Deduct): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end		17,392			15,194			(872,284	)		(1,035,142	)		423,886			268,176			44,064			30,128

Add: Vesting date fair value of awards granted and vested during the covered fiscal year		0			0			0			0			0			0			0			0

Add (Deduct): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year		51,745			8,605			(457,087	)		(259,980	)		402,914			192,742			(182,106	)		(77,216	)

(Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year		0			0			0			0			0			0			0			(256,122	)

Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the SCT Total for the covered fiscal year		0			0			0			0			0			0			0			0

CAP Amounts (as calculated)		4,504,314			3,235,558			2,404,723			724,896			6,087,743			3,608,823			3,695,354			1,966,889

*	Amounts presented are averages for the entire group of non-PEO NEOs in each respective year.

(3)	The values disclosed in these TSR columns represent the measurement period value of an investment of $100 made on January 1, 2020 as of December 31, 2020, and then valued again on each of December 31, 2021, December 31, 2022 and December 31, 2023.

(4)

The peer group used for purposes of this disclosure is the S&P 500 Household Durables Index, which we also utilize in the stock performance graph provided in our annual report pursuant to Item 201(e) of Regulation

S-K.

For purposes of this disclosure in our 2023 proxy statement, we used the proxy-disclosed peer group used for compensation benchmarking practices and reported in our Compensation Discussion and Analysis in our 2023 proxy statement (the “Prior Peer Group”). We chose to include the TSR of the S&P 500 Household Durables Index because we believe it is a better comparative index than the Prior Peer Group which requires adjustment from time to time due to acquisitions and divestitures. The TSR for the Prior Peer Group for each respective year reported in the table is as follows: $122.96 as of December 31, 2020, $196.28 as of December 31, 2021, $151.52 as of December 31, 2022, and $227.24 as of December 31, 2023.

(5)	Net earnings attributable to Mohawk Industries, Inc. as reported in our Consolidated Statements of Operations included in our Form 10-K.

(6)	Please see Annex A to this Proxy Statement for a reconciliation of Non-GAAP financial measures.

(7)	Reflects an adjustment to Mr. Boykin’s reported base salary for the fiscal year ended December 31, 2020 to account for 8.5 months of base salary compensation, instead of 8 months as previously reported.

Company Selected Measure Name

Adjusted EPS

Named Executive Officers, Footnote

(1)	The PEO and the non-PEO NEOs for each year are as follows:

2023: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers and Paul F. De Cock,

non-PEO

NEOs.

2022: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers and Paul F. De Cock,

non-PEO

NEOs.

2021: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers, Paul F. De Cock and Frank H. Boykin,

non-PEO

NEOs. Mr. Boykin served the Company as Chief Financial Officer through April 1, 2021. Mr. Boykin did not receive an equity award in 2021.

2020: Jeffrey S. Lorberbaum, PEO; W. Christopher Wellborn, James F. Brunk, Bernard P. Thiers, Paul F. De Cock, Frank H. Boykin and Glenn R. Landau,

non-PEO

Peer Group Issuers, Footnote

S-K.

PEO Total Compensation Amount

$ 4,428,417

$ 4,259,954

$ 5,190,696

$ 3,636,376

PEO Actually Paid Compensation Amount

$ 4,504,314

2,404,723

6,087,743

3,695,354

Adjustment To PEO Compensation, Footnote


	2023						2022						2021						2020
Adjustments	PEO			Non-PEO NEOs			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*

SCT Total	$	4,428,417			3,143,289		$	4,259,954			2,290,221		$	5,190,696			3,148,501		$	3,636,376			2,309,547

Adjustments for stock awards

(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year		(1,069,537	)		(1,292,038	)		(2,055,992	)		(1,056,428	)		(1,901,669	)		(1,594,926	)		(1,364,847	)		(664,280	)

Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end		1,076,297			1,360,508			1,530,131			786,225			1,971,916			1,594,330			1,561,867			624,831

Add (Deduct): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end		17,392			15,194			(872,284	)		(1,035,142	)		423,886			268,176			44,064			30,128

Add: Vesting date fair value of awards granted and vested during the covered fiscal year		0			0			0			0			0			0			0			0

Add (Deduct): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year		51,745			8,605			(457,087	)		(259,980	)		402,914			192,742			(182,106	)		(77,216	)

(Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year		0			0			0			0			0			0			0			(256,122	)

Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the SCT Total for the covered fiscal year		0			0			0			0			0			0			0			0

CAP Amounts (as calculated)		4,504,314			3,235,558			2,404,723			724,896			6,087,743			3,608,823			3,695,354			1,966,889

Non-PEO NEO Average Total Compensation Amount

$ 3,143,289

2,290,221

3,148,501

2,309,547

Non-PEO NEO Average Compensation Actually Paid Amount

$ 3,235,558

724,896

3,608,823

1,966,889

Adjustment to Non-PEO NEO Compensation Footnote


	2023						2022						2021						2020
Adjustments	PEO			Non-PEO NEOs			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*			PEO			non-PEO NEOs*

SCT Total	$	4,428,417			3,143,289		$	4,259,954			2,290,221		$	5,190,696			3,148,501		$	3,636,376			2,309,547

Adjustments for stock awards

(Deduct): Aggregate value for stock awards included in SCT Total for the covered fiscal year		(1,069,537	)		(1,292,038	)		(2,055,992	)		(1,056,428	)		(1,901,669	)		(1,594,926	)		(1,364,847	)		(664,280	)

Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end		1,076,297			1,360,508			1,530,131			786,225			1,971,916			1,594,330			1,561,867			624,831

Add (Deduct): Year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end		17,392			15,194			(872,284	)		(1,035,142	)		423,886			268,176			44,064			30,128

Add: Vesting date fair value of awards granted and vested during the covered fiscal year		0			0			0			0			0			0			0			0

Add (Deduct): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year		51,745			8,605			(457,087	)		(259,980	)		402,914			192,742			(182,106	)		(77,216	)

(Deduct): Fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during the covered fiscal year		0			0			0			0			0			0			0			(256,122	)

Add: Dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the SCT Total for the covered fiscal year		0			0			0			0			0			0			0			0

CAP Amounts (as calculated)		4,504,314			3,235,558			2,404,723			724,896			6,087,743			3,608,823			3,695,354			1,966,889

Compensation Actually Paid vs. Total Shareholder Return

•

PEO and average

non-PEO

NEO CAP compared to Company TSR and Peer TSR

In fiscal year 2023, the Company’s TSR increased 1% compared to the prior year period, while the TSR of the Company’s peer group increased 57% compared to the prior year period. The PEO CAP increased 87% compared to the prior year period, and the

non-PEO

NEO CAP increased 346% compared to the prior period. In fiscal year 2022, the Company’s TSR decreased 44% compared to the prior year period, while the TSR of the Company’s peer group decreased 25% compared to the prior year period. Similarly, the PEO CAP decreased 60% compared to the prior year period, and the

non-PEO

NEO CAP decreased 80% compared to the prior period. In fiscal year 2021, the Company’s TSR increased 29% compared to the prior year period, while the TSR of the Company’s peer group increased 37% compared to the prior year period. Similarly, the PEO CAP increased 65% compared to the prior year period, and the

non-PEO

NEO CAP increased 83% compared to the prior period.

Compensation Actually Paid vs. Net Income

•

PEO and average

non-PEO

NEO CAP compared to Company Net Income

In fiscal year 2023, the Company’s net income decreased 1,803% compared to the prior year period. The PEO CAP increased 87% compared to the prior year period, and the

non-PEO

NEO CAP increased 346% compared to the prior period. In fiscal year 2022, the Company’s net income decreased 98% compared to the prior year period. Similarly, the PEO CAP decreased 60% compared to the prior year period, and the

non-PEO

NEO CAP decreased 80% compared to the prior period. In fiscal year 2021, the Company’s net income increased 100% compared to the prior year period. Similarly, the PEO CAP increased 65% compared to the prior year period, and the

non-PEO

NEO CAP increased 83% compared to the prior period.

Compensation Actually Paid vs. Company Selected Measure

•

PEO and average

non-PEO

NEO CAP compared to Company Adjusted EPS

In fiscal year 2023, the Company’s Adjusted EPS decreased 28% compared to the prior year period. The PEO CAP increased 87% compared to the prior year period, and the

non-PEO

NEO CAP increased 346% compared to the prior period. In fiscal year 2022, the Company’s Adjusted EPS decreased 14% compared to the prior year period. Similarly, the PEO CAP decreased 60% compared to the prior year period, and the

non-PEO

NEO CAP decreased 80% compared to the prior period. In fiscal year 2021, the Company’s Adjusted EPS increased 68% compared to the prior year period. Similarly, the PEO CAP increased 65% compared to the prior year period, and the

non-PEO

NEO CAP increased 83% compared to the prior period.

Total Shareholder Return Vs Peer Group

•

PEO and average

non-PEO

NEO CAP compared to Company TSR and Peer TSR

non-PEO

NEO CAP increased 83% compared to the prior period.

Tabular List, Table

Required Tabular Disclosure of Most Important Measures to Determine 2023 CAP

•