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Carl E. Sassano served as CEO of Transcat Inc. from 2002 until 2007, when he transitioned to Executive Chairman. He joined Transcat when it became publicly traded and managed its move in the calibration and measurement industry. Before his tenure...

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Carl E. Sassano

Ex-CEO of Transcat

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

March 1, 1950 - 75 years ago

CEO of Transcat for

5 years 1 month (Mar 2002 - Apr 2007)

Previous Experience

President and Chief Operating Officer of Bausch & Lomb Incorporated

Rivals

Competitors/colleagues of Carl E. Sassano

Holdings

See how much did Carl E. Sassano make over time.

Sassano's recognition of shareholder value was evident during his leadership at Transcat. While he was compensated well, with total earnings around $510,915 in 2007, it was his strategic focus on aligning executive pay with company goals that stood out. His...

Total Stock Sold

$2.49M

TRNS

$2.49M

128,300 TRNS shares

What if they kept their stock?

If Carl E. Sassano didn't sell their stock, today they would have:
Extra TRNS128,300 shares worth $3.41M.
This is 36.88% and $917.74K more than what they got when they sold the stock.

Charitable Transactions

TRNS

9,550 shares

TRNS

Recent Charitable Transactions

TRNS

2,000 shares

TRNS

Jun 3, 2019

Charity

TRNS

1,738 shares

TRNS

Mar 27, 2021

Charity

TRNS

5,812 shares

TRNS

Oct 1, 2018

Charity

Insider Trading

See recent insider trades of Carl E. Sassano.

TRNS

$1.26M

TRNS at $63.14/share

May 26, 2022

Sale

TRNS

$199.19K

TRNS at $30.18/share

Feb 27, 2020

Sale

TRNS

2,000 shares

TRNS

Jun 3, 2019

Charity

TRNS

$124.25K

TRNS at $24.85/share

May 28, 2019

Sale

TRNS

$29.99K

TRNS at $22.98/share

May 22, 2019

Received

TRNS

1,738 shares

TRNS

Mar 27, 2021

Charity

TRNS

5,812 shares

TRNS

Oct 1, 2018

Charity

TRNS

$29.99K

TRNS at $15.65/share

May 23, 2018

Received

TRNS

$97.65K

TRNS at $13.02/share

Jul 31, 2017

Sale

TRNS

$85.36K

TRNS at $9.70/share

May 25, 2016

Sale

Compensation History

See how much did Carl E. Sassano make over time.

Carl E. Sassano's compensation reflected his leadership during his time as CEO of Transcat. His total earnings in 2005 were $345,491, which included a salary of $270,224 and a performance bonus. By 2007, his total compensation reached $510,915, with a fixed salary component and additional benefits. Importantly, he did not receive bonuses in some years, which reflects his approach to hold himself accountable to company performance. His compensation structure was linked to corporate goals, emphasizing performance metrics like operational income and individual achievements. After shifting roles in 2007 to Executive Chairman, his salary was set at $85,000, showing a significant reduction but still maintaining a stake in the company’s future success. This approach reflects an aligning of interests between executive compensation and company performance, a philosophy he believed in throughout his career, which is fundamental in corporate governance today.

Year

2007

Total Compensation

$440.49K

Salary

$305.36K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and shareholder value, ensuring competitiveness with peer companies.

Bonus

$0.00

Board Justification

No bonus was reported for the year 2007.

Other

$116.65K

Board Justification

Other compensation includes various benefits such as insurance premiums and allowances.

Restricted Stock

$18.49K(18.75K Restricted Stock)

Board Justification

Restricted stock awards that vested in 2007.

Performance Metrics

Performance metrics include achievement of corporate financial objectives and individual performance goals.

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