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Companies Triumph Group Inc

Triumph (TFM): executive pay, fiscal 2024

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CEO total pay$5,606,058CEO Daniel Crowley · source
CEO vs. named peers31st pct.Of 17 peer CEOs
CEO pay ratio133:1To the median employee · source

CEO pay, last three years

  • $5,923,036FY2022
  • $5,914,547FY2023
  • $5,606,058FY2024

CEO total pay was $5,606,058 in fiscal 2024, down from $5,914,547 in fiscal 2023.

FY2024: salary $975,000 · bonus $0 · stock awards $3,412,503

Frequently asked questions

Who was the highest-paid executive at Triumph Group Inc in fiscal 2024?
As disclosed, Daniel Crowley (Chairman, President and Chief Executive Officer) was the highest-paid executive at Triumph Group Inc in fiscal 2024, with total compensation of $5,606,058.
How does Triumph Group Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Daniel Crowley's total compensation ranked at the 31st percentile of Triumph Group Inc's disclosed peer group.
What is Triumph Group Inc's CEO-to-median employee pay ratio?
As disclosed, Triumph Group Inc's CEO-to-median employee pay ratio was 133:1.
How much does Triumph Group Inc spend in total on board compensation for fiscal 2024?
As disclosed, Triumph Group Inc reported total board compensation of $1,872,498 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Daniel Crowley$975,000$0$3,412,503—$1,147,575$0$70,979$5,606,058
Chairman, President and Chief Executive Officer
James McCabe550,0000935,001—676,775031,6142,193,390
Senior Vice President and Chief Financial Officer
Jennifer Allen485,0000703,251—486,516014,0041,688,771
Chief Administrative Officer General Counsel and Secretary
Thomas Quigley III338,0000202,798—216,996016,680774,475
Vice President Investor Relations, M&A, and Treasurer
Kai Kasiguran263,2690132,500—113,420016,559525,748
Vice President and Controller

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Daniel Crowley$5,606,058$5,914,547$5,923,036↓ −308,489
James McCabe2,193,3902,283,6692,677,787↓ −90,279
Jennifer Allen1,688,7711,713,0951,863,351↓ −24,324
Thomas Quigley III774,475807,414677,292↓ −32,939
Kai Kasiguran525,748360,692—↑ +165,056

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation strategy places a major portion of total executive compensation at risk in the form of annual incentives and long-term stock-based compensation programs to align executives' interests with those of stockholders. The program is designed to provide fair and competitive compensation based on market data, driven primarily by performance-based targets, while avoiding risks of incentivizing behavior inconsistent with stockholder interests.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jennifer H. AllenRSU2023-04-27——19,829—$210,981
Jennifer H. AllenPSU2023-04-2723,13346,266—138,798545,013
Daniel CrowleyPSU2023-04-27112,254224,507—673,5212,644,692
Daniel CrowleyRSU2023-04-27——96,217—1,023,749
Kai KasiguranPSU2023-04-274,3598,717—26,151102,686
Kai KasiguranRSU2023-04-27——3,736—44,010
James McCabePSU2023-04-2730,75761,513—184,539724,623
James McCabeRSU2023-04-27——26,363—280,502
Thomas Quigley IIIRSU2023-04-27——5,718—60,840
Thomas Quigley IIIPSU2023-04-276,67113,342—40,026157,169

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jennifer H. Allen$210,981$545,013$072.1%
Daniel Crowley1,023,7492,644,692072.1%
Kai Kasiguran44,010102,686070.0%
James McCabe280,502724,623072.1%
Thomas Quigley III60,840157,169072.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kai KasiguranRSU548—$8,242
Kai KasiguranRSU584—8,783
Kai KasiguranPSU1,314—19,763
Thomas Quigley IIIRSU3,217—48,384
Kai KasiguranRSU3,736—56,189
Thomas Quigley IIIRSU7,040—105,882
Kai KasiguranPSU8,717—131,104
AllenRSU11,229—168,884
Thomas Quigley IIIPSU11,258—169,320
Thomas Quigley IIIPSU13,342—200,664
James McCabeRSU14,788—222,412
AllenRSU27,100—407,584
James McCabeRSU36,432—547,937
AllenPSU39,300—591,072
AllenPSU46,266—695,841
James McCabePSU51,755—778,395
Daniel CrowleyRSU52,428—788,517
James McCabePSU61,513—925,156
Daniel CrowleyRSU122,143—1,837,031
Daniel CrowleyPSU183,495—2,759,765
Daniel CrowleyPSU224,507—3,376,585
Kai KasiguranRSU279,245—4,199,845
Kai KasiguranPSU641,467—9,647,664
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Neal J. KeatingIndependent · Lead Independent Director$102,459$140,000———$242,459
Daniel P. GartonIndependent · Audit (Chair) · Finance · Governance100,000140,000———240,000
Barbara W. HumptonIndependent · Compensation (Chair) · Governance97,500140,000———237,500
Colleen C. RepplierIndependent · Compensation · Finance (Chair) · Governance95,000140,000———235,000
Cynthia M. EgnotovichIndependent · Audit · Governance (Chair)94,890140,000———234,890
Paul BourgonIndependent · Compensation · Finance · Not standing for re-election85,000140,000———225,000
Courtney R. MatherIndependent · Audit · Finance59,361140,000———199,361
Patrick E. AllenIndependent · Audit · Compensation59,361140,000———199,361
William L. MansfieldIndependent · Departed during FY33,1790———33,179
Larry O. SpencerIndependent · Departed during FY25,7480———25,748
Daniel J. CrowleyEmployee director · Board Chair—————0
Mark C. CherryIndependent · Newly elected——————

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$140,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 12,500 / 10,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2024
Cash retainers and fees$752,498
Equity awards (grant-date value)$1,120,000
All other compensation$0
Total cost of the board$1,872,498

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Triumph as a peer

Companies that benchmark against TFM

1 company names TFM as a compensation peer

The list of companies that name TFM as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1ITT Inc.2025Luca Savi$1,190,386$11,073,033$0$2,575,800$15,104,378
2Curtiss-Wright Corporation2025Lynn Bamford1,090,3854,004,00005,139,70014,135,280
3Heico Corporation2025Eric A. Mendelson1,281,00007,522,0743,062,03013,029,835
4TriMas Corporation2025Thomas J. Snyder415,3854,249,9996,707,644012,128,864
5Mercury Systems, Inc2026William Ballhaus1,049,2698,099,08701,946,16011,131,048
6Crane Co.2025Max Mitchell1,244,2315,480,7381,562,5061,840,20010,518,852
7Woodward, Inc.2025Charles Blankenship, Jr.1,177,8875,898,69602,895,10010,482,876
8Ducommun Incorporated2025Stephen Oswald1,019,6246,121,650—3,058,87110,329,989
9Moog Inc.2025Pat Roche1,087,9323,063,39801,251,6388,404,872
10Barnes Group Inc.2023Thomas Hook1,000,0004,688,2071,114,981432,0007,305,338
11Hexcel Corporation2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
12Triumph Group Inc2024Daniel Crowley975,0003,412,503—1,147,5755,606,058
13Materion Systems, Inc.2025Jugal Vijayvargiya982,6932,960,100779,92104,794,902
14Astronics Corporation2025Peter Gundermann658,570500,455951,10804,564,990
15Albany International Corporation2025Gunnar Kleveland922,3272,612,5700699,5504,259,285
16Circor International, Inc.2021Scott Buckhout805,3853,410,115004,229,501
17Kaman Corporation2022Ian Walsh781,2742,290,4080258,4003,553,792
—AAR Corp.——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Triumph Group Incnot disclosedPSU 70 · RSU 30not disclosedPay Governance
AAR Corp.not disclosednot disclosednot disclosednot disclosed
Albany International Corporation72.9%PSU 50 · RSU 50Yes — AIN Relative TSRPearl Meyer & Partners
Astronics Corporationnot disclosednot disclosedNonot disclosed
Barnes Group Inc.not disclosedPSA 50 · RSU 30 · Option 20Yes — Relative TSRMeridian Compensation Partners, LLC
Circor International, Inc.not disclosednot disclosedNoISS Corporate Solutions, Inc.
Crane Co.122.7%PSU 55 · Options 25 · RSU 20NoFrederic W. Cook & Co., Inc.
Curtiss-Wright Corporationnot disclosedPSU 40 · Cash LTI 30 · RSU 30Yes — Three-year relative TSR against the peer groupFrederic W. Cook & Co., Inc.
Ducommun Incorporatednot disclosednot disclosednot disclosedWillis Towers Watson LLC
Heico Corporationnot disclosedOption 100not disclosedFW Cook
Hexcel Corporation76.3%not disclosedNoSemler Brossy
ITT Inc.159%PSU 60 · RSU 40Yes — Relative TSRPay Governance
Kaman Corporation32.3%not disclosedYes — Total Shareholder Return (TSR)Pay Governance LLC
Materion Systems, Inc.not disclosedPSU 75NoFrederic W. Cook & Co., Inc.
Mercury Systems, Incnot disclosedPSU 55 · RSU 45Yes — Relative TSRMeridian Compensation Partners, LLC
Moog Inc.114.0%not disclosedNoKorn Ferry
TriMas Corporation200%Options 65 · RSU 35NoMeridian Compensation Partners
Woodward, Inc.127%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to S&P MidCap 400 IndexFW Cook

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)133 : 1
CEO total compensation$5,606,058
Median employee compensation$42,198
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (48 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Daniel Crowley. 10-K, filed 2024-06-24. Section “Executive Compensation”. As printed: 5,606,058. View filing ↗
  • Section 01, James McCabe. 10-K, filed 2024-06-24. Section “Executive Compensation”. As printed: 2,193,390. View filing ↗
  • Section 01, Jennifer Allen. 10-K, filed 2024-06-24. Section “Executive Compensation”. As printed: 1,688,771. View filing ↗
  • Section 01, Thomas Quigley III. 10-K, filed 2024-06-24. Section “Executive Compensation”. As printed: 774,475. View filing ↗
  • Section 01, Kai Kasiguran. 10-K, filed 2024-06-24. Section “Executive Compensation”. As printed: 525,748. View filing ↗
  • Section 03, Jennifer H. Allen RSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jennifer H. Allen PSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Crowley PSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Crowley RSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Kai Kasiguran PSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Kai Kasiguran RSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James McCabe PSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James McCabe RSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Quigley III RSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas Quigley III PSU. 10-K, filed 2024-06-24. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. 10-K, filed 2024-06-24. Section “CEO Pay Ratio”. As printed: 133 : 1. View filing ↗
  • Section 08, Neal J. Keating. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 242,459. View filing ↗
  • Section 08, Daniel P. Garton. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Barbara W. Humpton. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 237,500. View filing ↗
  • Section 08, Colleen C. Repplier. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 235,000. View filing ↗
  • Section 08, Cynthia M. Egnotovich. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 234,890. View filing ↗
  • Section 08, Paul Bourgon. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 225,000. View filing ↗
  • Section 08, Courtney R. Mather. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 199,361. View filing ↗
  • Section 08, Patrick E. Allen. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 199,361. View filing ↗
  • Section 08, William L. Mansfield. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 33,179. View filing ↗
  • Section 08, Larry O. Spencer. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 25,748. View filing ↗
  • Section 08, Daniel J. Crowley. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Mark C. Cherry. 10-K, filed 2024-06-24. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 752,498 + equity 1,120,000 + all other 0 = 1,872,498, summed across the director compensation table rows.
  • ITT Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in ITT Inc.'s own proxy. As printed: 15,104,378. View filing ↗
  • Curtiss-Wright Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Curtiss-Wright Corporation's own proxy. As printed: 14,135,280. View filing ↗
  • Heico Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-30. CEO total compensation as printed in Heico Corporation's own proxy. As printed: 13,029,835. View filing ↗
  • TriMas Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in TriMas Corporation's own proxy. As printed: 12,128,864. View filing ↗
  • Mercury Systems, Inc, Section 10b CEO total. DEF 14A, filed 2026-09-17. CEO total compensation as printed in Mercury Systems, Inc's own proxy. As printed: 11,131,048. View filing ↗
  • Crane Co., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Crane Co.'s own proxy. As printed: 10,518,852. View filing ↗
  • Woodward, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Woodward, Inc.'s own proxy. As printed: 10,482,876. View filing ↗
  • Ducommun Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Ducommun Incorporated's own proxy. As printed: 10,329,989. View filing ↗
  • Moog Inc., Section 10b CEO total. DEF 14A, filed 2025-12-19. CEO total compensation as printed in Moog Inc.'s own proxy. As printed: 8,404,872. View filing ↗
  • Barnes Group Inc., Section 10b CEO total. DEF 14A, filed 2024-03-29. CEO total compensation as printed in Barnes Group Inc.'s own proxy. As printed: 7,305,338. View filing ↗
  • Hexcel Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Hexcel Corporation's own proxy. As printed: 7,252,875. View filing ↗
  • Triumph Group Inc (subject), Section 10b CEO total. 10-K, filed 2024-06-24. CEO total compensation as printed in Triumph Group Inc's own proxy. As printed: 5,606,058. View filing ↗
  • Materion Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Materion Systems, Inc.'s own proxy. As printed: 4,794,902. View filing ↗
  • Astronics Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Astronics Corporation's own proxy. As printed: 4,564,990. View filing ↗
  • Albany International Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Albany International Corporation's own proxy. As printed: 4,259,285. View filing ↗
  • Circor International, Inc., Section 10b CEO total. DEF 14A, filed 2022-09-09. CEO total compensation as printed in Circor International, Inc.'s own proxy. As printed: 4,229,501. View filing ↗
  • Kaman Corporation, Section 10b CEO total. DEF 14A, filed 2023-03-03. CEO total compensation as printed in Kaman Corporation's own proxy. As printed: 3,553,792. View filing ↗
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