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Gregory L. Werner served as the CEO of Werner Enterprises from February 2007 until August 2015. He has been part of the company since 1977, taking on various roles before becoming CEO. This long journey through the ranks has given...

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Gregory L. Werner

Ex-CEO of Werner Enterprises

Education

Not specified

Field of Expertise

Transportation & Logistics - Transportation

Sector of Economy

Industrials

Born

July 1, 1960 - 64 years ago

CEO of Werner Enterprises for

8 years 6 months (Feb 2007 - Aug 2015)

Previous Experience

President and COO of Werner Enterprises

Holdings

See how much did Gregory L. Werner make over time.

When Gregory L. Werner resigned as CEO in August 2015, he lost all unvested stock awards, which highlighted the financial risks tied to executive roles. Earlier in 2014, he had a total compensation of $2.2 million, largely fueled by a...

Total Stock Sold

$2.70M

WERN

$2.70M

112,486 WERN shares

What if they kept their stock?

If Gregory L. Werner didn't sell their stock, today they would have:
Extra WERN112,486 shares worth $4.20M.
This is 55.4% and $1.50M more than what they got when they sold the stock.

Charitable Transactions

WERN

26,816 shares

WERN

Recent Charitable Transactions

WERN

4,100 shares

WERN

Dec 16, 2019

Charity

WERN

5,000 shares

WERN

Dec 18, 2018

Charity

WERN

3,960 shares

WERN

Dec 31, 2017

Charity

WERN

5,556 shares

WERN

Dec 31, 2016

Charity

WERN

8,200 shares

WERN

Dec 31, 2015

Charity

Insider Trading

See recent insider trades of Gregory L. Werner.

WERN

4,100 shares

WERN

Dec 16, 2019

Charity

WERN

5,000 shares

WERN

Dec 18, 2018

Charity

WERN

3,960 shares

WERN

Dec 31, 2017

Charity

WERN

5,556 shares

WERN

Dec 31, 2016

Charity

WERN

8,200 shares

WERN

Dec 31, 2015

Charity

WERN

$158.51K

WERN at $31.37/share

Feb 19, 2015

Sale

WERN

45,000 shares

WERN

Feb 10, 2015

Received

WERN

$304.60K

WERN at $29.45/share

Dec 9, 2014

Sale

WERN

$183.13K

WERN at $24.13/share

Dec 6, 2013

Sale

WERN

250,000 shares

WERN

Dec 14, 2012

Charity

Compensation History

See how much did Gregory L. Werner make over time.

Gregory L. Werner's compensation varied significantly throughout his time as CEO. In 2015, the total compensation was $4.5 million, driven largely by a severance package following his resignation. This figure stood out as an anomaly since he had no annual bonuses or stock granted that year, and the bulk came from a cash separation benefit. In contrast, in 2014, his total compensation was $2.2 million, which included a cash salary, a performance-based bonus of $350,000, and vested stocks valued highly due to hitting earnings targets. His compensation reflects the corporate philosophy that focused on aligning executives' pay with company performance, emphasizing a balance between salary, bonuses, and long-term incentives. This pattern showcases the pressure executives face in achieving performance metrics to secure meaningful compensation.

Year

2015

Total Compensation

$4.53M

Salary

$484.62K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain talented executives, aligning their interests with those of stockholders and rewarding performance.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for 2015 due to his resignation and changing role in the Company.

Other

$4.05M

Board Justification

This includes a cash severance benefit of $4.0 million, payable in ten semi-annual installments of $400,000 each, and payment of COBRA premiums for continuation of health benefits for a period of 18 months.

Restricted Stock

$0.00(0 RSU)

Board Justification

Gregory L. Werner forfeited 100% of his 2015 stock award upon his resignation on August 27, 2015, representing the unvested portions of such awards.

Performance Metrics

The performance metrics for 2015 included achieving specified earnings per diluted share performance objectives.