v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total for First PEO1
Summary Compensation Table Total for Second PEO1
Compensation Actually Paid (“CAP”) to First PEO1,2
Compensation Actually Paid (“CAP”) to Second PEO1,2
Average Summary Compensation Table Total for Non-PEO NEOs1
Average Compensation Actually Paid (“CAP”) to Non-PEO NEOs1,2
Value of Initial Fixed $100 Investment Based On:3
Net Income ($MM)
ROIC4
TSRPeer Group TSR
2025$—$7,294,990$—$9,546,329$2,388,603$2,876,076$163$160$22111.6%
2024$—$6,619,371$—$4,045,537$2,015,680$755,552$139$147$33621.1%
2023$10,208,430$—$21,648,207$—$3,012,548$4,371,853$171$132$51828.9%
2022$9,778,425$—$10,488,051$—$2,155,049$2,295,919$125$105$30021.7%
2021$9,540,015$—$15,777,895$—$2,426,224$3,531,383$127$123$22118.8%
        
Company Selected Measure Name ROIC        
Named Executive Officers, Footnote The PEO(s) for whom compensation figures are shown in this table are: for the 2021, 2022 and 2023 fiscal years, John L. Garrison, Jr. (“First PEO”); and for the 2024 and 2025 fiscal years, Simon Meester (“Second PEO”). Mr. Garrison retired as Chairman and Chief Executive Officer, and Mr. Meester was appointed as President and Chief Executive Officer, effective as of January 1, 2024. The Non-PEO NEOs for whom the average compensation is presented in this table are: for the 2025 fiscal year, Jennifer Kong-Picarello, Julie Beck, Scott Posner, Kieran Hegarty and Patrick Carroll, for the 2024 fiscal year, Julie Beck, Kieran Hegarty, Scott Posner and Joshua Gross; for the 2023 fiscal year, Julie Beck, Kieran Hegarty, Simon Meester and Scott Posner; for the 2022 fiscal year, Julie Beck, Kieran Hegarty, Simon Meester and Scott Posner; and for the 2021 fiscal year, John D. Sheehan, Kieran Hegarty, Scott Posner and Amy George.        
Peer Group Issuers, Footnote For purposes of this disclosure, the peer group is the S&P 500 Industrial Machinery & Supplies & Components Index. Dollar values assume $100 was invested for the cumulative period from December 31, 2020 through the end of the listed year in either the Company or the S&P 500 Industrial Machinery & Supplies & Components Index, and reinvestment of the pre-tax value of dividends paid. Historical stock performance is not necessarily indicative of future stock performance.        
PEO Total Compensation Amount $ 7,294,990 $ 6,619,371 $ 10,208,430 $ 9,778,425 $ 9,540,015
PEO Actually Paid Compensation Amount $ 9,546,329 4,045,537 21,648,207 10,488,051 15,777,895
Adjustment To PEO Compensation, Footnote The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table with the following deductions (grant date fair value of all equity awards granted during the fiscal year) and additions (the fair value as of the end of the fiscal year of awards granted in that fiscal year that remain outstanding and unvested as of fiscal year-end; the change in fair value from the prior fiscal year-end to that fiscal year-end of equity awards granted in prior years that remained outstanding and unvested at fiscal year-end; and the change in fair value from the prior fiscal year-end through the vesting date of equity awards granted in prior years that vested during that fiscal year), as detailed in the table below. Fair value of time-based awards is based on the price of our common stock at year-end date or, in the case of vesting date, the actual vesting price. The fair value of performance-based awards, except for awards based on a market condition, is based on the same valuation methodology, except year-end values are multiplied by the probability of achievement as of the year-end date or, in the case of vesting date, the vesting date values are multiplied by actual shares earned based on performance. For awards based on a market condition, fair value is based on the Monte Carlo method as of the year-end date or, in the case of vesting date, the actual vesting price and actual shares earned.
20212022202320242025
First
PEO		Average of Non-PEO NEOsFirst
PEO		Average of Non-PEO NEOsFirst
PEO		Average of Non-PEO NEOsSecond PEOAverage of Non-PEO NEOsSecond PEOAverage of Non-PEO NEOs
Compensation Total for covered fiscal year (“FY”) from Summary Compensation Table (“SCT”)$9,540,015$2,426,224$9,778,425$2,155,049$10,208,430$3,012,548$6,619,371$2,015,680$7,294,990$2,388,603
DEDUCT: grant date fair value (“GDFV”) of awards granted during FY, reported under the Stock Awards column in the SCT
$6,005,749$1,128,010$5,956,740$1,023,006$6,543,682$1,686,898$4,923,294$1,111,648$5,203,318$1,265,023
ADD: FY-end fair value of awards granted during year that remain outstanding and unvested as of FY-end
$6,575,896$1,286,783$6,808,043$1,169,208$7,975,223$1,869,372$3,174,022$722,596$7,151,484$1,683,113
ADD: change in fair value from prior FY-end to current FY-end of awards granted in any prior year that are outstanding and unvested as of FY-end
$4,552,701$779,463$638,536$52,017$5,861,498$817,301$(822,209)$(866,562)$466,850$175,231
ADD: change in fair value from prior FY-end to vesting date for any awards granted in any prior year that vested during the FY.
$1,115,032$166,923$(780,213)$(57,349)$4,146,738$359,530$(2,353)$(4,514)$(163,677)$(105,848)
Total: Compensation Actually Paid (CAP)$15,777,895$3,531,383$10,488,051$2,295,919$21,648,207$4,371,853$4,045,537$755,552$9,546,329$2,876,076
        
Non-PEO NEO Average Total Compensation Amount $ 2,388,603 2,015,680 3,012,548 2,155,049 2,426,224
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,876,076 755,552 4,371,853 2,295,919 3,531,383
Adjustment to Non-PEO NEO Compensation Footnote The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S K and do not reflect compensation actually realized or received by the Company’s NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table with the following deductions (grant date fair value of all equity awards granted during the fiscal year) and additions (the fair value as of the end of the fiscal year of awards granted in that fiscal year that remain outstanding and unvested as of fiscal year-end; the change in fair value from the prior fiscal year-end to that fiscal year-end of equity awards granted in prior years that remained outstanding and unvested at fiscal year-end; and the change in fair value from the prior fiscal year-end through the vesting date of equity awards granted in prior years that vested during that fiscal year), as detailed in the table below. Fair value of time-based awards is based on the price of our common stock at year-end date or, in the case of vesting date, the actual vesting price. The fair value of performance-based awards, except for awards based on a market condition, is based on the same valuation methodology, except year-end values are multiplied by the probability of achievement as of the year-end date or, in the case of vesting date, the vesting date values are multiplied by actual shares earned based on performance. For awards based on a market condition, fair value is based on the Monte Carlo method as of the year-end date or, in the case of vesting date, the actual vesting price and actual shares earned.
20212022202320242025
First
PEO		Average of Non-PEO NEOsFirst
PEO		Average of Non-PEO NEOsFirst
PEO		Average of Non-PEO NEOsSecond PEOAverage of Non-PEO NEOsSecond PEOAverage of Non-PEO NEOs
Compensation Total for covered fiscal year (“FY”) from Summary Compensation Table (“SCT”)$9,540,015$2,426,224$9,778,425$2,155,049$10,208,430$3,012,548$6,619,371$2,015,680$7,294,990$2,388,603
DEDUCT: grant date fair value (“GDFV”) of awards granted during FY, reported under the Stock Awards column in the SCT
$6,005,749$1,128,010$5,956,740$1,023,006$6,543,682$1,686,898$4,923,294$1,111,648$5,203,318$1,265,023
ADD: FY-end fair value of awards granted during year that remain outstanding and unvested as of FY-end
$6,575,896$1,286,783$6,808,043$1,169,208$7,975,223$1,869,372$3,174,022$722,596$7,151,484$1,683,113
ADD: change in fair value from prior FY-end to current FY-end of awards granted in any prior year that are outstanding and unvested as of FY-end
$4,552,701$779,463$638,536$52,017$5,861,498$817,301$(822,209)$(866,562)$466,850$175,231
ADD: change in fair value from prior FY-end to vesting date for any awards granted in any prior year that vested during the FY.
$1,115,032$166,923$(780,213)$(57,349)$4,146,738$359,530$(2,353)$(4,514)$(163,677)$(105,848)
Total: Compensation Actually Paid (CAP)$15,777,895$3,531,383$10,488,051$2,295,919$21,648,207$4,371,853$4,045,537$755,552$9,546,329$2,876,076
        
Compensation Actually Paid vs. Total Shareholder Return
Description of Relationship Between CAP and Company TSR
The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years.
PVP CAP to TSR Graph.png.jpg
        
Compensation Actually Paid vs. Net Income
Description of Relationship Between CAP and Net Income
The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.
PVP Net Income Graph rounded.jpg
        
Compensation Actually Paid vs. Company Selected Measure
Description of Relationship Between CAP and ROIC
The following chart sets forth the relationship between CAP to our PEO, the average of CAP to our other Non-PEO NEOs, and our ROIC during the five most recently completed fiscal years.
PVP CAP to ROIC Graph.jpg
        
Total Shareholder Return Vs Peer Group
Description of Relationship Between Company TSR and Peer Group TSR
The following chart compares our cumulative TSR over the five most recently completed fiscal years to that of the S&P 500 Industrial Machinery & Supplies & Components Index over the same period.
PVP TSR v TSR Graph.jpg
        
Tabular List, Table
2025 Most Important Measures (Unranked)
ROIC
Relative TSR compared to Benchmark Companies
Operating Profit
NWC
        
Total Shareholder Return Amount $ 163 139 171 125 127
Peer Group Total Shareholder Return Amount 160 147 132 105 123
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 221,000,000 $ 336,000,000 $ 518,000,000 $ 300,000,000 $ 221,000,000
Company Selected Measure Amount 0.116 0.211 0.289 0.217 0.188
PEO Name Simon Meester John L. Garrison, Jr. John L. Garrison, Jr. John L. Garrison, Jr. John L. Garrison, Jr.
Additional 402(v) Disclosure
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and the Company’s financial performance for the fiscal years listed below. For further information concerning our pay-for-performance philosophy and how we align executive compensation with Company financial performance, refer to the “Compensation Discussion and Analysis” section, beginning on page 25.
The following table discloses information on “Compensation Actually Paid” (“CAP”) (as defined by SEC rule and further described below) to our principal executive officer (“PEO”) (also referred to as our CEO) and to our other Named Executive Officers (“NEOs”), on an average basis, during the specified years, alongside total shareholder return (“TSR”) and net income metrics, as well as the Company selected performance measure of ROIC, as defined and described in the “Compensation Discussion and Analysis” section beginning on page 25. In reviewing this information, it is important to consider that the amounts included in the tables below are described as “compensation actually paid” in accordance with the SEC rules, but such amounts do not necessarily represent compensation actually earned or realized by our PEO and NEOs in such years, as the below calculations are influenced by numerous factors, including, but not limited to, fluctuations in the stock price of outstanding unvested stock award grants.
        
Measure:: 1          
Pay vs Performance Disclosure          
Name ROIC        
Non-GAAP Measure Description We determined ROIC to be the “most important” financial performance measure used to link performance to Compensation Actually Paid to our PEO and other NEOs in the 2025 fiscal year, in accordance with Item 402(v) of Regulation S-K. For the definition and further description of ROIC, please refer to the “Compensation Discussion and Analysis” section beginning on page 25.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Profit        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative TSR compared to Benchmark Companies        
Measure:: 4          
Pay vs Performance Disclosure          
Name NWC        
Simon Meester [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 7,294,990 $ 6,619,371      
PEO Actually Paid Compensation Amount 9,546,329 4,045,537      
John L. Garrison Jr. [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     $ 10,208,430 $ 9,778,425 $ 9,540,015
PEO Actually Paid Compensation Amount     21,648,207 10,488,051 15,777,895
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,203,318) (4,923,294) (6,543,682) (5,956,740) (6,005,749)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,151,484 3,174,022 7,975,223 6,808,043 6,575,896
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 466,850 (822,209) 5,861,498 638,536 4,552,701
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (163,677) (2,353) 4,146,738 (780,213) 1,115,032
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,265,023) (1,111,648) (1,686,898) (1,023,006) (1,128,010)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,683,113 722,596 1,869,372 1,169,208 1,286,783
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 175,231 (866,562) 817,301 52,017 779,463
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (105,848) $ (4,514) $ 359,530 $ (57,349) $ 166,923