Allegion (ALLE) Proxy filing summary

Executive summary

• Achieved high single-digit revenue and earnings growth in 2025, with cash flow exceeding $685 million, up nearly 18% from 2024.

• Completed $630 million in acquisitions, expanding both mechanical and electronic security solutions.

• Recognized for top-quartile employee engagement and received the Gallup Exceptional Workplace Award for three consecutive years.

• Total Shareholder Return for 2023-2025 was approximately 53%.

Voting matters and shareholder proposals

• Shareholders will vote on electing eight directors, approving executive compensation (say-on-pay), determining the frequency of say-on-pay votes, ratifying PwC as auditor, and renewing Board authority to issue shares and opt out of preemptive rights under Irish law.

• Board recommends voting for all director nominees, for executive compensation, for annual say-on-pay, for auditor ratification, and for both Irish law proposals.

Board of directors and corporate governance

• Seven of eight director nominees are independent; the Chair is independent and roles of Chair and CEO are separated.

• Board diversity: 75% of nominees are women and/or racially/ethnically diverse; average tenure is 4.6 years.

• Board and committees conduct annual self-assessments and succession planning at all levels.

• Directors are subject to term limits and limits on outside board service.

• Shareholder engagement is ongoing, with feedback incorporated into governance practices.