Richard J. Giromini served as the CEO of Wabash National Corp., a company known for producing trailers and equipment. He joined Wabash in 2002, climbing from Chief Operating Officer to President and then CEO in 2007. During his tenure, he...

Richard J. Giromini served as the CEO of Wabash National Corp., a company known for producing trailers and equipment. He joined Wabash in 2002, climbing from Chief Operating Officer to President and then CEO in 2007. During his tenure, he focused on the company's operations and efficiency, driving growth and innovation in a competitive market. Before Wabash, he worked at Accuride Corporation, where he held various leadership roles. Giromini made headlines with substantial insider trading, reporting values in the millions, peaking at around $24.41 million in February 2024. His annual compensation fluctuated significantly over the years, with notable earnings of approximately $5.23 million in 2015, showing both highs and lows throughout his career. He retired from his CEO role in June 2018 but continued to support the company until June 2019. Giromini’s journey reflects a deep understanding of operations and leadership, making him a remarkable figure in the transportation industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Wabash National CEOs

W

Richard J. Giromini

Ex-CEO of Wabash National

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

December 1, 1953 - 71 years ago

CEO of Wabash National for

11 years 5 months (Jan 2007 - Jun 2018)

Previous Experience

Senior Vice President/Technology and Continuous Improvement for Accuride Corporation

Rivals

Competitors/colleagues of Richard J. Giromini

M

Neil D. Brinker

CEO of Modine Manufacturing

2023 Compensation

Stock

$945.00K

Salary

$882.75K

Bonus

$0.00

Other

$42.02K

Total Holdings

$25.12M

F

Michael C. Dennison

CEO of Fox Factory Holding Corp.

2023 Compensation

Stock

$800.00K

Salary

$500.00K

Bonus

$150.00K

Other

$25.00K

Total Holdings

$3.37M

F

Dennis C. Schemm

CEO of Fox Factory Holding Corp.

2023 Compensation

Stock

$600.00K

Salary

$500.00K

Bonus

$100.00K

Other

$25.00K

Total Holdings

$1.57M

Holdings

See how much did Richard J. Giromini make over time.

Richard J. Giromini has been involved in significant insider trading, showcasing a deep connection to Wabash National Corp.'s performance. His trading values saw immense growth, with transactions peaking at over $24 million in February 2024. This reflects the confidence he...

Richard J. Giromini has been involved in significant insider trading, showcasing a deep connection to Wabash National Corp.'s performance. His trading values saw immense growth, with transactions peaking at over $24 million in February 2024. This reflects the confidence he had in the company, especially during his tenure as CEO. His wealth tied to the company's stock showed fluctuations, with values crossing the $12 million mark regularly during late 2019 and throughout 2020. Although there were dips, the general trend indicated a strong performance from Wabash, benefitting both the company’s stock and his holdings. By 2024, his trading activity suggests his strong belief in the company's long-term value after years of experiencing ups and downs in the market.

Total Stock Sold

$5.49M

WNC

$5.49M

298,260 WNC shares

What if they kept their stock?

If Richard J. Giromini didn't sell their stock, today they would have:
Extra WNC298,260 shares worth $3.56M.
This is -35.06% and $1.92M less than what they got when they sold the stock.

Charitable Transactions

WNC

72,946 shares

WNC

Recent Charitable Transactions

WNC

22,838 shares

WNC

Nov 30, 2018

Charity

WNC

50,108 shares

WNC

Feb 25, 2015

Charity

Insider Trading

See recent insider trades of Richard J. Giromini.

WNC

50,387 shares

WNC

Feb 17, 2019

Received

WNC

22,838 shares

WNC

Nov 30, 2018

Charity

WNC

47,793 shares

WNC

Feb 21, 2018

Received

WNC

$1.43M

WNC at $24.59/share

Feb 5, 2018

Sale

WNC

$1.43M

WNC at $24.59/share

Feb 5, 2018

Sale

WNC

50,550 shares

WNC

Feb 22, 2017

Received

WNC

$1.40M

WNC at $15.50/share

Dec 14, 2016

Sale

WNC

93,695 shares

WNC

Feb 20, 2016

Received

WNC

$642.02K

WNC at $14.01/share

Aug 5, 2015

Sale

WNC

$642.02K

WNC at $14.01/share

Aug 5, 2015

Sale

Compensation History

See how much did Richard J. Giromini make over time.

Throughout his career at Wabash National Corp., Richard J. Giromini's compensation varied widely. His highest recorded total was approximately $5.23 million in 2015, which included his salary, bonuses, and vested stock. In later years, his compensation dropped significantly; for instance, in 2018, he earned around $6 million, primarily from a salary of $600,000, with no bonuses due to performance metrics. His earnings reflect the compensation committee's strategy, which was to align pay with company performance and encourage long-term growth. This model often led to zero or low bonuses during less favorable years, focusing on rewarding leadership during periods of success.

Year

2018

Total Compensation

$5.20M

Salary

$600.00K

Board Justification

The compensation philosophy emphasizes alignment with company performance and retention strategies, focusing on long-term growth and stockholder value.

Bonus

$0.00

Board Justification

No STI payout was made for 2018 due to performance below threshold for all measures.

Other

$109.75K

Board Justification

Includes life insurance premiums and other benefits.

Restricted Stock

$4.49M(188.52K RSU)

Board Justification

188,523 shares of RSUs vested in 2018, including 1,948 RSUs cancelled for tax withholding.

Performance Metrics

Performance metrics for 2018 included Operating Income and Return on Invested Capital.

Other Wabash National CEOs

Here are other CEOs of Wabash National

Brent L. Yeagy

Ex-CEO of Wabash National

June 2018 - December 2023