Item 5.02       Departure of Directors or Certain Officers; Election of Directors; Appointment
                of Certain Officers; Compensatory Arrangements of Certain Officers

As previously disclosed in Allegion plc's (the "Company") Form 8-K dated December 8, 2020, the Company changed its operating segments from three (Americas, EMEA and Asia Pacific) to two, Allegion Americas and Allegion International, effective January 1, 2021. The Company's new Allegion International segment combined the EMEA and Asia Pacific regions. In light of this change, the Board of Directors of the Company appointed Timothy P. Eckersley to the role of Senior Vice President - Allegion International, effective January 1, 2021. On March 5, 2021, Mr. Eckersley accepted and signed an offer letter dated March 3, 2021 (the "Offer Letter") including the following terms, as approved by the Compensation Committee of the Board of Directors of the Company:



•Base salary to remain unchanged at an annual rate of $500,000;
•Continue to be eligible to participate in the Allegion Annual Incentive Plan
("AIP") with his annual opportunity targeted at 70% of base salary;
•Annual equity target value of $600,000 to be delivered in the form of a mix of
performance share units ("PSUs"), stock options and restricted stock units
("RSUs");
•Continued participation in the Allegion Change in Control Plan;
•Continued participation in the Allegion Key Management Plan (note: also known
as the Key Management Supplemental Program);
•Continued car allowance of $15,000 annually;
•Continued tax, estate and financial planning services allowance of up to
$12,000 annually; and
•Continued participation in the executive health program in an amount not to
exceed $2,000 annually.

The foregoing description is qualified by reference to the full text of the Offer Letter which is filed as Exhibit 10.1 attached hereto and is incorporated by reference in its entirety into this Item 5.02.

Further, on March 5, 2021, Mr. Eckersley and Schlage Lock Co. LLC, a subsidiary of the Company, entered into a Retention Incentive Award Agreement dated March 3, 2021 (the "Retention Agreement") including the following terms, as approved by the Compensation Committee of the Board of Directors of the Company:



•Equity incentive award with a total aggregate value of $1.5 million, to be
delivered in the form of RSUs with a grant date value of $750,000 and PSUs with
a grant date value of $750,000;
•The vesting of these grants will occur as described below, provided that Mr.
Eckersley remains an active employee through March 3, 2024 (except as otherwise
set forth in the Retention Agreement);
•The RSUs are expected to be granted on March 10, 2021 and would vest in equal
annual installments over three years from the grant date; and
•The PSUs are expected to be granted on March 10, 2021 and would vest after
three years from the grant date to the extent certain performance conditions are
met.

The foregoing description is qualified by reference to the full text of the Agreement which is filed as Exhibit 10.2 attached hereto and is incorporated by reference in its entirety into this Item 5.02. Certain confidential information contained in this exhibit was omitted by means of redacting a portion of the text and replacing it with [*****], pursuant to Regulation S-K Item 601(b) of the Securities Act of 1933, as amended. Certain confidential information has been excluded from this exhibit because it is not material and would be competitively harmful if publicly disclosed.

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Item 9.01 Financial Statements and Exhibits




(d) Exhibits

   Exhibit          Description
     No.

    10.1            Offer Letter dated March 3, 2021

    10.2            Retention Agreement dated March 3, 2021*

                    * Certain confidential information contained in this exhibit was omitted by
                    means of redacting a portion of the text and replacing it with [*****],
                    pursuant to Regulation S-K Item 601(b) of the Securities Act of 1933, as
                    amended. Certain confidential information has been excluded from the exhibit
                    because it is: (i) not material; and (ii) would be competitively harmful if
                    publicly disclosed.

     104            Cover Page Interactive Data File (formatted in Inline XBRL and contained in
                    Exhibit 101)

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