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William E. Kassling is a notable figure in the transportation industry, serving as the CEO of Wabtec Corporation from before 1997 to 2006 and then returning in 2013 as the lead director. With a career at Wabtec spanning decades, Kassling...

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William E. Kassling

Ex-CEO of Wabtec

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1943 - 82 years ago

CEO of Wabtec for

7 years 3 months (Feb 2006 - May 2013)

Previous Experience

Chairman and CEO of Wabtec

Holdings

See how much did William E. Kassling make over time.

William E. Kassling's holdings in Wabtec have shown remarkable fluctuations over the years. For instance, in late 2021, his stock portfolio peaked at around $100.51 million, indicating considerable trust in the company's growth trajectory. His initial holdings were significantly less,...

Mar 17, 2025

Total Stock Sold

$59.26M

WAB

$59.26M

883,000 WAB shares

What if they kept their stock?

If William E. Kassling didn't sell their stock, today they would have:
Extra WAB883,000 shares worth $45.76M.
This is -22.79% and $13.50M less than what they got when they sold the stock.

Charitable Transactions

WAB

165,201 shares

WAB

Recent Charitable Transactions

WAB

350 shares

WAB

Jan 16, 2025

Charity

WAB

115,000 shares

WAB

Dec 31, 2019

Charity

WAB

5,961 shares

WAB

Dec 31, 2018

Charity

WAB

8,930 shares

WAB

Dec 31, 2016

Charity

WAB

7,600 shares

WAB

Dec 31, 2009

Charity

WAB

5,140 shares

WAB

Dec 31, 2008

Charity

Insider Trading

See recent insider trades of William E. Kassling.

WAB

350 shares

WAB

Jan 16, 2025

Charity

WAB

1,165 shares

WAB

May 16, 2024

Received

WAB

$11.88M

WAB at $118.76/share

Jul 31, 2023

Sale

WAB

1,857 shares

WAB

May 16, 2023

Received

WAB

$5.01M

WAB at $100.26/share

Nov 11, 2022

Sale

WAB

1,817 shares

WAB

May 18, 2022

Received

WAB

$9.48M

WAB at $94.77/share

Nov 19, 2021

Sale

WAB

2,060 shares

WAB

May 19, 2021

Received

WAB

2,881 shares

WAB

May 15, 2020

Received

WAB

$503.13K

WAB at $50.31/share

May 13, 2020

Purchase

Compensation History

See how much did William E. Kassling make over time.

In terms of compensation, William E. Kassling's earnings have varied significantly over the years. In 2012, he received a total compensation package of approximately $5.82 million, primarily driven by a salary of $890,000 and a substantial bonus of around $1.83 million linked to performance metrics. His compensation reflects a philosophy aimed at aligning executive pay with company performance, encouraging the pursuit of long-term goals. By 2013, his reported earnings dropped to a total of $200,000 as he transitioned to a lead director role, mostly notional from cash retainers. Such fluctuations underscore the connection between his performance and the company's success, offering a clear view into the strategic decisions made during his leadership. His aim has always been to foster growth and shareholder value at Wabtec, evident in the structured compensation linked to performance metrics clearly laid out in the company's governance philosophy.

Year

2013

Total Compensation

$200.00K

Salary

$0.00

Board Justification

The compensation philosophy aims to attract and retain high potential executives while aligning compensation with company performance and peer benchmarking.

Bonus

$0.00

Board Justification

No bonus was reported for the year 2013.

Other

$200.00K

Board Justification

This amount includes the cash retainer and other compensation for the role of Lead Director.

Restricted Stock

$0.00(0 N/A)

Board Justification

No vested stock was reported for the year 2013.

Performance Metrics

Performance metrics were not specifically detailed for Mr. Kassling in the proxy statement.

Other Wabtec CEOs

Here are other CEOs of Wabtec