Companies Triumph Group Inc
Triumph (TFM): executive pay, fiscal 2024
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Triumph Group Inc’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
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
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Daniel Crowley | $975,000 | $0 | $3,412,503 | — | $1,147,575 | $0 | $70,979 | $5,606,058 |
| Chairman, President and Chief Executive Officer | ||||||||
| James McCabe | 550,000 | 0 | 935,001 | — | 676,775 | 0 | 31,614 | 2,193,390 |
| Senior Vice President and Chief Financial Officer | ||||||||
| Jennifer Allen | 485,000 | 0 | 703,251 | — | 486,516 | 0 | 14,004 | 1,688,771 |
| Chief Administrative Officer General Counsel and Secretary | ||||||||
| Thomas Quigley III | 338,000 | 0 | 202,798 | — | 216,996 | 0 | 16,680 | 774,475 |
| Vice President Investor Relations, M&A, and Treasurer | ||||||||
| Kai Kasiguran | 263,269 | 0 | 132,500 | — | 113,420 | 0 | 16,559 | 525,748 |
| 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 officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Daniel Crowley | $5,606,058 | $5,914,547 | $5,923,036 | ↓ −308,489 |
| James McCabe | 2,193,390 | 2,283,669 | 2,677,787 | ↓ −90,279 |
| Jennifer Allen | 1,688,771 | 1,713,095 | 1,863,351 | ↓ −24,324 |
| Thomas Quigley III | 774,475 | 807,414 | 677,292 | ↓ −32,939 |
| Kai Kasiguran | 525,748 | 360,692 | — | ↑ +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 consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2024
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Jennifer H. Allen | RSU | 2023-04-27 | — | — | 19,829 | — | $210,981 |
| Jennifer H. Allen | PSU | 2023-04-27 | 23,133 | 46,266 | — | 138,798 | 545,013 |
| Daniel Crowley | PSU | 2023-04-27 | 112,254 | 224,507 | — | 673,521 | 2,644,692 |
| Daniel Crowley | RSU | 2023-04-27 | — | — | 96,217 | — | 1,023,749 |
| Kai Kasiguran | PSU | 2023-04-27 | 4,359 | 8,717 | — | 26,151 | 102,686 |
| Kai Kasiguran | RSU | 2023-04-27 | — | — | 3,736 | — | 44,010 |
| James McCabe | PSU | 2023-04-27 | 30,757 | 61,513 | — | 184,539 | 724,623 |
| James McCabe | RSU | 2023-04-27 | — | — | 26,363 | — | 280,502 |
| Thomas Quigley III | RSU | 2023-04-27 | — | — | 5,718 | — | 60,840 |
| Thomas Quigley III | PSU | 2023-04-27 | 6,671 | 13,342 | — | 40,026 | 157,169 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Jennifer H. Allen | $210,981 | $545,013 | $0 | 72.1% |
| Daniel Crowley | 1,023,749 | 2,644,692 | 0 | 72.1% |
| Kai Kasiguran | 44,010 | 102,686 | 0 | 70.0% |
| James McCabe | 280,502 | 724,623 | 0 | 72.1% |
| Thomas Quigley III | 60,840 | 157,169 | 0 | 72.1% |
% 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
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Kai Kasiguran | RSU | 548 | — | $8,242 |
| Kai Kasiguran | RSU | 584 | — | 8,783 |
| Kai Kasiguran | PSU | 1,314 | — | 19,763 |
| Thomas Quigley III | RSU | 3,217 | — | 48,384 |
| Kai Kasiguran | RSU | 3,736 | — | 56,189 |
| Thomas Quigley III | RSU | 7,040 | — | 105,882 |
| Kai Kasiguran | PSU | 8,717 | — | 131,104 |
| Allen | RSU | 11,229 | — | 168,884 |
| Thomas Quigley III | PSU | 11,258 | — | 169,320 |
| Thomas Quigley III | PSU | 13,342 | — | 200,664 |
| James McCabe | RSU | 14,788 | — | 222,412 |
| Allen | RSU | 27,100 | — | 407,584 |
| James McCabe | RSU | 36,432 | — | 547,937 |
| Allen | PSU | 39,300 | — | 591,072 |
| Allen | PSU | 46,266 | — | 695,841 |
| James McCabe | PSU | 51,755 | — | 778,395 |
| Daniel Crowley | RSU | 52,428 | — | 788,517 |
| James McCabe | PSU | 61,513 | — | 925,156 |
| Daniel Crowley | RSU | 122,143 | — | 1,837,031 |
| Daniel Crowley | PSU | 183,495 | — | 2,759,765 |
| Daniel Crowley | PSU | 224,507 | — | 3,376,585 |
| Kai Kasiguran | RSU | 279,245 | — | 4,199,845 |
| Kai Kasiguran | PSU | 641,467 | — | 9,647,664 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Neal J. KeatingIndependent · Lead Independent Director | $102,459 | $140,000 | — | — | — | $242,459 |
| Daniel P. GartonIndependent · Audit (Chair) · Finance · Governance | 100,000 | 140,000 | — | — | — | 240,000 |
| Barbara W. HumptonIndependent · Compensation (Chair) · Governance | 97,500 | 140,000 | — | — | — | 237,500 |
| Colleen C. RepplierIndependent · Compensation · Finance (Chair) · Governance | 95,000 | 140,000 | — | — | — | 235,000 |
| Cynthia M. EgnotovichIndependent · Audit · Governance (Chair) | 94,890 | 140,000 | — | — | — | 234,890 |
| Paul BourgonIndependent · Compensation · Finance · Not standing for re-election | 85,000 | 140,000 | — | — | — | 225,000 |
| Courtney R. MatherIndependent · Audit · Finance | 59,361 | 140,000 | — | — | — | 199,361 |
| Patrick E. AllenIndependent · Audit · Compensation | 59,361 | 140,000 | — | — | — | 199,361 |
| William L. MansfieldIndependent · Departed during FY | 33,179 | 0 | — | — | — | 33,179 |
| Larry O. SpencerIndependent · Departed during FY | 25,748 | 0 | — | — | — | 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
| Component | FY2024 |
|---|---|
| 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
- V2X, Inc.VVXFY2025
Each company listed discloses TFM in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TFM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | ITT Inc. | 2025 | Luca Savi | $1,190,386 | $11,073,033 | $0 | $2,575,800 | $15,104,378 |
| 2 | Curtiss-Wright Corporation | 2025 | Lynn Bamford | 1,090,385 | 4,004,000 | 0 | 5,139,700 | 14,135,280 |
| 3 | Heico Corporation | 2025 | Eric A. Mendelson | 1,281,000 | 0 | 7,522,074 | 3,062,030 | 13,029,835 |
| 4 | TriMas Corporation | 2025 | Thomas J. Snyder | 415,385 | 4,249,999 | 6,707,644 | 0 | 12,128,864 |
| 5 | Mercury Systems, Inc | 2026 | William Ballhaus | 1,049,269 | 8,099,087 | 0 | 1,946,160 | 11,131,048 |
| 6 | Crane Co. | 2025 | Max Mitchell | 1,244,231 | 5,480,738 | 1,562,506 | 1,840,200 | 10,518,852 |
| 7 | Woodward, Inc. | 2025 | Charles Blankenship, Jr. | 1,177,887 | 5,898,696 | 0 | 2,895,100 | 10,482,876 |
| 8 | Ducommun Incorporated | 2025 | Stephen Oswald | 1,019,624 | 6,121,650 | — | 3,058,871 | 10,329,989 |
| 9 | Moog Inc. | 2025 | Pat Roche | 1,087,932 | 3,063,398 | 0 | 1,251,638 | 8,404,872 |
| 10 | Barnes Group Inc. | 2023 | Thomas Hook | 1,000,000 | 4,688,207 | 1,114,981 | 432,000 | 7,305,338 |
| 11 | Hexcel Corporation | 2025 | Thomas Gentile III | 1,100,000 | 3,374,961 | 1,685,259 | 923,230 | 7,252,875 |
| 12 | Triumph Group Inc | 2024 | Daniel Crowley | 975,000 | 3,412,503 | — | 1,147,575 | 5,606,058 |
| 13 | Materion Systems, Inc. | 2025 | Jugal Vijayvargiya | 982,693 | 2,960,100 | 779,921 | 0 | 4,794,902 |
| 14 | Astronics Corporation | 2025 | Peter Gundermann | 658,570 | 500,455 | 951,108 | 0 | 4,564,990 |
| 15 | Albany International Corporation | 2025 | Gunnar Kleveland | 922,327 | 2,612,570 | 0 | 699,550 | 4,259,285 |
| 16 | Circor International, Inc. | 2021 | Scott Buckhout | 805,385 | 3,410,115 | 0 | 0 | 4,229,501 |
| 17 | Kaman Corporation | 2022 | Ian Walsh | 781,274 | 2,290,408 | 0 | 258,400 | 3,553,792 |
| — | 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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Triumph Group Inc | not disclosed | PSU 70 · RSU 30 | not disclosed | Pay Governance |
| AAR Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Albany International Corporation | 72.9% | PSU 50 · RSU 50 | Yes — AIN Relative TSR | Pearl Meyer & Partners |
| Astronics Corporation | not disclosed | not disclosed | No | not disclosed |
| Barnes Group Inc. | not disclosed | PSA 50 · RSU 30 · Option 20 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Circor International, Inc. | not disclosed | not disclosed | No | ISS Corporate Solutions, Inc. |
| Crane Co. | 122.7% | PSU 55 · Options 25 · RSU 20 | No | Frederic W. Cook & Co., Inc. |
| Curtiss-Wright Corporation | not disclosed | PSU 40 · Cash LTI 30 · RSU 30 | Yes — Three-year relative TSR against the peer group | Frederic W. Cook & Co., Inc. |
| Ducommun Incorporated | not disclosed | not disclosed | not disclosed | Willis Towers Watson LLC |
| Heico Corporation | not disclosed | Option 100 | not disclosed | FW Cook |
| Hexcel Corporation | 76.3% | not disclosed | No | Semler Brossy |
| ITT Inc. | 159% | PSU 60 · RSU 40 | Yes — Relative TSR | Pay Governance |
| Kaman Corporation | 32.3% | not disclosed | Yes — Total Shareholder Return (TSR) | Pay Governance LLC |
| Materion Systems, Inc. | not disclosed | PSU 75 | No | Frederic W. Cook & Co., Inc. |
| Mercury Systems, Inc | not disclosed | PSU 55 · RSU 45 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Moog Inc. | 114.0% | not disclosed | No | Korn Ferry |
| TriMas Corporation | 200% | Options 65 · RSU 35 | No | Meridian Compensation Partners |
| Woodward, Inc. | 127% | RSU 50 · PSU 50 | Yes — Total Shareholder Return (TSR) relative to S&P MidCap 400 Index | FW 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 ↗