Sundar PichaiSundar Pichai earned $164M in 2023

Dean P. Freeman is a finance expert with a solid background in the industry. He earned his Bachelor's degree in Finance from the University of Texas at Austin. Before stepping into leadership roles, he worked at Flowserve Corporation, overseeing finance...

Quick Links
W

Dean P. Freeman

Ex-CEO of Watts Water Technologies, Inc.

Education

Bachelor's degree in Finance from the University of Texas at Austin

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

May 20, 1963 - 61 years ago

CEO of Watts Water Technologies, Inc. for

0 years 4 months (Jan 2014 - May 2014)

Previous Experience

Senior Vice President of Finance and Treasurer at Flowserve Corporation

Holdings

See how much did Dean P. Freeman make over time.

Dean P. Freeman's trading activity reflects a keen sense of market timing. Over several years, he consistently held substantial holdings in Watts Water Technologies. In late 2019, his holdings peaked, reaching over $4.30 million before seeing gradual fluctuations in the...

Total Stock Sold

$92.40K

FLS

$92.40K

6,600 FLS shares

What if they kept their stock?

If Dean P. Freeman didn't sell their stock, today they would have:
Extra FLS6,600 shares worth $181.04K.
This is 95.93% and $88.64K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dean P. Freeman.

WTS

5,515 shares

WTS

Aug 1, 2014

Received

WTS

$21.79K

WTS at $40.27/share

Feb 21, 2014

Received

WTS

7,060 shares

WTS

Aug 2, 2013

Received

FLS

$276.17K

FLS at $125.53/share

Mar 2, 2011

Sale

FLS

2,100 shares

FLS

Feb 10, 2011

Received

Compensation History

See how much did Dean P. Freeman make over time.

Dean P. Freeman's compensation during 2014 was a mix of salary, bonuses, and other benefits, reflecting his critical role at Watts Water Technologies. His total compensation that year amounted to $886,044. This included a salary of $350,000 and a one-time bonus of $230,000 linked to his interim CEO duties. However, his situation became complex when he was terminated later that year. His severance package included a substantial amount that paved the way for a smooth exit, further exemplifying the negotiation skills inherent in his finance background. The pay structure emphasizes accountability and the performance metrics guiding executive compensation, showing the blend of financial strategy and leadership required in corporate settings.

Year

2014

Total Compensation

$1.10M

Salary

$350.00K

Board Justification

The compensation philosophy is to provide competitive compensation that attracts, retains, and motivates key executives critical to long-term success, aligning pay with performance and stockholder value.

Bonus

$230.00K

Board Justification

A one-time bonus payment as supplemental compensation for assuming the role of interim Chief Executive Officer of the Company in addition to his continuing role as Chief Financial Officer following Mr. Coghlan's resignation.

Other

$519.04K

Board Justification

Includes a severance payment of $420,000, relocation expenses, a tax gross-up payment, 401(k) contributions, automobile lease expenses, insurance premiums, and the cost of an executive physical examination.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2014 as his employment was terminated before any stock awards could vest.

Performance Metrics

Performance metrics included consolidated sales, net income, and free cash flow objectives.