Charles P. Hadeed is the former CEO and current Executive Chairman of Transcat, Inc. With over 35 years of experience in finance and strategic leadership, he has been a pivotal figure in the company's growth since joining in 2002. Hadeed...

Charles P. Hadeed is the former CEO and current Executive Chairman of Transcat, Inc. With over 35 years of experience in finance and strategic leadership, he has been a pivotal figure in the company's growth since joining in 2002. Hadeed earned his B.S. in Accounting from Syracuse University and is a CPA, showcasing his strong financial background. He was instrumental in guiding Transcat through challenging times, including the global economic crisis, and received special stock awards in recognition of his leadership. Remarkably, he was appointed CEO in 2007, succeeding the long-time chairman, and held this role until 2021. During his tenure, Hadeed focused on cash-based compensation and performance metrics that aligned executive interests with shareholder goals, emphasizing the importance of profit and performance over stock grants. He also played a key role in the company’s strategic acquisitions and planning. Hadeed's journey reflects a dedicated commitment to both the company and its employees.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Transcat CEOs

T

Charles P. Hadeed

Ex-CEO of Transcat

Education

B.S. in Accounting from Syracuse University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

April 10, 1950 - 74 years ago

CEO of Transcat for

6 years 2 months (Apr 2007 - Jul 2013)

Previous Experience

Vice President-Healthcare Ventures Group with Henry Schein Inc.

Rivals

Competitors/colleagues of Charles P. Hadeed

Holdings

See how much did Charles P. Hadeed make over time.

Throughout his tenure at Transcat, Hadeed's personal wealth was closely tied to the performance of the company's stock. While he did not exercise stock options during his later years as CEO, he was granted substantial awards earlier in his career,...

Throughout his tenure at Transcat, Hadeed's personal wealth was closely tied to the performance of the company's stock. While he did not exercise stock options during his later years as CEO, he was granted substantial awards earlier in his career, notably a stock award of 10,000 shares during 2014. During the years leading up to his departure in 2021, his total compensation fluctuated as well, peaked at over $1 million in 2018, showing his significant impact on the company. By 2021, with a total compensation of $1 million again, it reflected a strategic shift back to performance-based cash incentives. This approach indicates his focus on ensuring that his finances aligned with the company’s success during turbulent financial times.

Total Stock Sold

$3.81M

TRNS

$3.81M

144,798 TRNS shares

What if they kept their stock?

If Charles P. Hadeed didn't sell their stock, today they would have:
Extra TRNS144,798 shares worth $3.89M.
This is 2.02% and $76.96K more than what they got when they sold the stock.

Charitable Transactions

TRNS

5,400 shares

TRNS

Recent Charitable Transactions

TRNS

3,000 shares

TRNS

Feb 17, 2014

Charity

TRNS

1,000 shares

TRNS

Nov 4, 2011

Charity

TRNS

1,400 shares

TRNS

Mar 26, 2011

Charity

Insider Trading

See recent insider trades of Charles P. Hadeed.

TRNS

$176.54K

TRNS at $130.00/share

Jun 12, 2024

Sale

TRNS

$79.10K

TRNS at $113.00/share

Feb 12, 2024

Sale

TRNS

$590.48K

TRNS at $101.58/share

Aug 23, 2023

Sale

TRNS

$436.30K

TRNS at $87.26/share

Feb 7, 2023

Sale

TRNS

$680.00K

TRNS at $68.00/share

Aug 12, 2021

Sale

TRNS

$284.05K

TRNS at $31.51/share

Nov 9, 2020

Sale

TRNS

$96.64K

TRNS at $31.50/share

Nov 5, 2020

Sale

TRNS

$3.15K

TRNS at $31.50/share

Nov 3, 2020

Sale

TRNS

$265.00K

TRNS at $26.50/share

Jun 18, 2019

Sale

TRNS

$29.99K

TRNS at $22.98/share

May 22, 2019

Received

Compensation History

See how much did Charles P. Hadeed make over time.

Charles P. Hadeed’s compensation at Transcat, Inc. has shown considerable variation, reflecting his performance-driven approach. In 2021, his total compensation was just over $1 million, comprised of a base salary of $496,154 and a performance bonus of $396,930. This marked a significant increase from 2020 when his total was $332,698. He consistently opted for cash bonuses based on achieving specific corporate financial objectives, which speaks to his hands-on leadership style. Hadeed's compensation strategy revolved around aligning management's interests with those of the shareholders, often highlighting the company's consolidated adjusted EBITDA and growth metrics as keys to financial success. He notably rejected stock options in favor of cash awards, focusing on short-term gains and corporate profitability, an approach that has been influential in sustaining shareholder trust during his leadership.

Year

2021

Total Compensation

$913.50K

Salary

$496.15K

Board Justification

The compensation program is designed to attract, motivate, and retain a highly-qualified executive management team, aligning their interests with those of shareholders through performance-based incentives.

Bonus

$396.93K

Board Justification

Performance-based cash incentive compensation based on achievement of specific corporate financial objectives and individual performance goals for fiscal 2022.

Other

$20.42K

Board Justification

Includes company matching contributions under the 401(k) Plan, executive life insurance premiums, long-term care insurance premiums, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2021 as the focus is on cash compensation and performance-based awards.

Performance Metrics

Consolidated Adjusted EBITDA, Service segment gross profit, and Board's assessment of corporate performance.

Other Transcat CEOs

Here are other CEOs of Transcat

Carl E. Sassano

Ex-CEO of Transcat

March 2002 - April 2007

Lee D. Rudow

CEO of Transcat

July 2013 - Present