---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-162927"
form_type: "8-K"
ticker: "ALLE"
cik: "0001579241"
company_name: "Allegion plc"
filed_at: "2022-05-31T23:59:59+00:00"
generated_at: "2026-06-25T05:53:28.795526+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Allegion CEO David Petratis to retire July 11; John Stone from Deere to succeed

## Summary
- David Petratis retires as President and CEO effective July 11, 2022; will serve as Executive Chairman until Jan. 2, 2023.
- John H. Stone, formerly President of Deere's Construction, Forestry & Power Systems, becomes President and CEO and joins the Board on July 11.
- Stone receives $1M base salary, 125% target annual cash incentive, and $4.5M LTI target (50% PSUs, 25% RSUs, 25% options).
- Stone also gets one-time grants: $2M in stock options vesting over 3 years and $5.5M in RSUs vesting over 4 years, compensating for forfeited Deere awards.
- Petratis led Allegion since its 2013 spin-off; company doubled market cap and adjusted EPS under his tenure.

## SEC filing metadata
- accession: 0001193125-22-162927
- form_type: 8-K
- ticker: ALLE
- cik: 0001579241
- company_name: Allegion plc
- filed_at: 2022-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579241/000119312522162927/0001193125-22-162927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579241/000119312522162927/d365596d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-162927
- JSON: https://secwatch.observer/filing/0001193125-22-162927.json
- Plain text: https://secwatch.observer/filing/0001193125-22-162927.txt

## Key facts
- Executive change
  David D. Petratis changed role as Executive Chairman at Allegion plc.
  - Action: retiring from President and CEO to become Executive Chairman
  - Role: Executive Chairman
  source text: David D. Petratis, Chairman, President and Chief Executive Officer, will be retiring from his position as President and Chief Executive Officer effective July 11, 2022 (the “Effective Date”). Mr. Petratis will serve as Executive Chairman of the Board of Directors of the Company (the “Board”) as of the Effective Date and until his retirement from the Company which is planned to occur by January 2, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000119312522162927/0001193125-22-162927-index.htm
- Executive change
  John H. Stone was appointed as President and Chief Executive Officer at Allegion plc.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: John H. Stone, President, Worldwide Construction, Forestry and Power Systems, Deere & Company (“Deere”), an agricultural machinery and heavy equipment company, will join Allegion on the Effective Date and succeed Mr. Petratis as President and Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000119312522162927/0001193125-22-162927-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.