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Robert D. Welding served as the CEO of Federal Signal Corporation from 2005 until his resignation in December 2007. During his time at the company, he helped steer the organization through significant challenges. He had a base salary of $686,700,...

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Robert D. Welding

Ex-CEO of Federal Signal

Education

N/A

Sector of Economy

Industrials

Born

January 1, 1966 - 59 years ago

CEO of Federal Signal for

2 years 8 months (Mar 2005 - Dec 2007)

Previous Experience

N/A

Holdings

See how much did Robert D. Welding make over time.

Throughout his tenure at Federal Signal, Robert D. Welding held significant stock options that were subject to vesting based on company performance. When he left the position in December 2007, he had unvested stock options amounting to approximately 203,500 shares...

Insider Trading

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Compensation History

See how much did Robert D. Welding make over time.

In 2007, Robert D. Welding earned a total compensation of about $3.7 million. This included a base salary of $686,700 and a performance-based bonus of nearly $467,000 that rewarded him for boosting the company's Economic Value. On top of that, he saw a vested stock value of around $205,875 from long-term incentive plans. His salary remained stable from previous years and was designed to attract top talent while also rewarding performance. The compensation package was set up to align his interests with shareholders, pushing him to improve the company’s financial metrics. However, with his resignation at the end of 2007, he stepped away from future earnings linked to stock options and other long-term gains. This illustrates the risks and rewards that come with CEO compensation, especially during volatile financial periods.

Year

2007

Total Compensation

$1.49M

Salary

$686.70K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain executives by aligning their interests with those of shareholders, focusing on performance metrics tied to company success.

Bonus

$466.96K

Board Justification

The bonus is based on the performance of the company and is calculated as a percentage of the base salary, with a target of 85% of the base salary for the year 2007.

Other

$127.52K

Board Justification

Other compensation includes perquisites such as country club membership fees, travel expenses, and charitable contributions matched by the company.

Restricted Stock

$205.88K(12.5K common stock)

Board Justification

The stock that vested in 2007 is part of the long-term incentive plan and is based on the company's performance, with the shares vesting fully on the third anniversary of the grant date.

Performance Metrics

The performance metrics for determining the compensation include the company's Economic Value improvement and overall financial performance.

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