Thomas W. Giacomini has a solid background in engineering and leadership. He earned his MBA from Northwestern's top-notch Kellogg School of Management and holds a Mechanical Engineering degree from the University of Michigan. His career path includes impressive roles at...

Thomas W. Giacomini has a solid background in engineering and leadership. He earned his MBA from Northwestern's top-notch Kellogg School of Management and holds a Mechanical Engineering degree from the University of Michigan. His career path includes impressive roles at Dover Corporation before he took the reins at John Bean Technologies (JBT). When he was appointed CEO in 2013, he was brought in to lead JBT through pivotal changes, and he served not just as CEO but also as Chairman of the Board. He stepped down briefly in 2020 for health reasons but returned a few months later, showing his commitment to the company. A unique aspect of his tenure was the emphasis on performance-based incentives in his compensation—like when he forfeited stock awards due to unmet performance metrics. This reveals his focus on aligning his success with the company's growth. His other key agreement includes substantial severance clauses that secure financial stability even amid company changes. Overall, Giacomini's journey reflects resilience and strategic decision-making in his leadership role.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other John Bean Technologies CEOs

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Thomas W. Giacomini

Ex-CEO of John Bean Technologies

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

CEO of John Bean Technologies for

0 years 0 months (Sep 2020 - Sep 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Thomas W. Giacomini

Holdings

See how much did Thomas W. Giacomini make over time.

Throughout his time at John Bean Technologies, Thomas W. Giacomini has held significant stock options and equity, reflecting his vested interest in the company’s success. In 2019, he saw 60,831 shares vesting, valued at roughly $5.7 million, indicating a strong...

Throughout his time at John Bean Technologies, Thomas W. Giacomini has held significant stock options and equity, reflecting his vested interest in the company’s success. In 2019, he saw 60,831 shares vesting, valued at roughly $5.7 million, indicating a strong alignment with company performance. However, in 2020, he faced a more turbulent time: although he had accrued a notable wealth in shares, he ultimately separated from the company, leading to a substantial severance payment of about $5.2 million. This illustrates the fluctuating nature of executive wealth in relation to companies’ performances and decisions. Despite stepping down temporarily, his stock holdings remained a vital part of his financial portfolio. As of his last reported share value in 2020, he continued to make financial waves in the market, keeping his financial journey tightly linked to JBT’s operations and results.

Total Stock Sold

$983.03K

DOV

$983.03K

11,228 DOV shares

What if they kept their stock?

If Thomas W. Giacomini didn't sell their stock, today they would have:
Extra DOV11,228 shares worth $1.11M.
This is 12.54% and $123.27K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas W. Giacomini.

MSA

4.038 shares

MSA

Jun 10, 2020

Received

MSA

1,132 shares

MSA

May 15, 2020

Received

MSA

1,235 shares

MSA

May 22, 2019

Received

MSA

1,317 shares

MSA

May 18, 2018

Received

MSA

1,609 shares

MSA

Aug 15, 2017

Received

DOV

$985.50K

DOV at $87.77/share

Aug 1, 2013

Sale

Compensation History

See how much did Thomas W. Giacomini make over time.

Thomas W. Giacomini’s compensation package has been notable in its design, emphasizing performance metrics. In 2020, his total compensation was approximately $6.1 million, including a base salary of $930,000 and a severance payment that made up a significant portion of his income that year. The lack of bonuses or stock vesting in 2020 highlighted the challenges faced under his leadership due to performance targets being unmet. Over previous years, Giacomini's compensation has fluctuated, reflecting a consistent focus on tying executive earnings to the company's operational successes, with bonuses and stock options tied to specific performance achievements. His overall strategy puts his earnings on the line for the company's performance, aligning his interests with the shareholders', a philosophy he has adhered to throughout his tenure.

Year

2020

Total Compensation

$6.13M

Salary

$930.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder interests, focusing on performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was earned due to performance metrics not being met in 2020.

Other

$5.20M

Board Justification

Severance payment reflecting two times base salary and target annual cash incentive, prorated target annual cash incentive, and welfare benefit.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2020 as all outstanding equity awards were forfeited upon separation.

Performance Metrics

The performance metrics for 2020 were based on year-over-year growth in EBITDA, EBITDA margin, and average operating working capital.

Other John Bean Technologies CEOs

Here are other CEOs of John Bean Technologies

Brian A. Deck

Ex-CEO of John Bean Technologies

June 2020 - September 2020

Brian A. Deck

Ex-CEO of John Bean Technologies

September 2020 - January 2025