---
schema_version: "secwatch.filing_event.v1"
accession: "0001579241-22-000013"
form_type: "8-K"
ticker: "ALLE"
cik: "0001579241"
company_name: "Allegion plc"
filed_at: "2022-02-15T23:59:59+00:00"
generated_at: "2026-06-27T07:58:34.882577+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Allegion CFO Patrick Shannon to retire; Michael Wagnes appointed CFO effective March 1, 2022

## Summary
- Patrick Shannon to retire as CFO effective March 1, 2022; will stay as advisor through September 2, 2022.
- Michael Wagnes named SVP & CFO; base salary $500k, annual cash target 75% of salary, LTI valued at $1M.
- David Ilardi appointed SVP Allegion Americas, succeeding Luis Orbegoso who left the company.
- Nickolas Musial named VP, Controller & CAO, succeeding retiring Douglas Ranck; base salary $290k, target bonus 50%.
- All appointments are effective March 1, 2022, with internal successors from Allegion's leadership team.

## SEC filing metadata
- accession: 0001579241-22-000013
- form_type: 8-K
- ticker: ALLE
- cik: 0001579241
- company_name: Allegion plc
- filed_at: 2022-02-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/0001579241-22-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/alle-20220214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579241-22-000013
- JSON: https://secwatch.observer/filing/0001579241-22-000013.json
- Plain text: https://secwatch.observer/filing/0001579241-22-000013.txt

## Key facts
- Executive change
  Douglas P. Ranck departed as Vice President, Controller and Chief Accounting Officer at Allegion plc.
  - Action: retiring
  - Role: Vice President, Controller and Chief Accounting Officer
  source text: succeeding Douglas P. Ranck, who is retiring from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/0001579241-22-000013-index.htm
- Executive change
  Nickolas A. Musial was appointed as Vice President, Controller and Chief Accounting Officer at Allegion plc.
  - Action: appointed
  - Role: Vice President, Controller and Chief Accounting Officer
  source text: Nickolas A. Musial, Vice President of Finance, Allegion Americas, has been appointed to the position of Vice President, Controller and Chief Accounting Officer, effective March 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/0001579241-22-000013-index.htm
- Executive change
  Michael J. Wagnes was appointed as Senior Vice President and Chief Financial Officer at Allegion plc.
  - Action: appointed
  - Role: Senior Vice President and Chief Financial Officer
  source text: Michael J. Wagnes, Vice President and General Manager, Commercial Americas, has been appointed to the position of Senior Vice President and Chief Financial Officer, effective March 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/0001579241-22-000013-index.htm
- Executive change
  Patrick S. Shannon departed as Senior Vice President and Chief Financial Officer at Allegion plc.
  - Action: retire
  - Role: Senior Vice President and Chief Financial Officer
  source text: Patrick S. Shannon, Senior Vice President and Chief Financial Officer, has announced he will retire from his position as the Company’s Chief Financial Officer effective March 1, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1579241/000157924122000013/0001579241-22-000013-index.htm

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