Federal Signal Management

Management criteria checks 2/4

Federal Signal's CEO is Jennifer Sherman, appointed in Jan 2016, has a tenure of 8.83 years. total yearly compensation is $6.87M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 0.92% of the company’s shares, worth €51.25M. The average tenure of the management team and the board of directors is 6.8 years and 9.8 years respectively.

Key information

Jennifer Sherman

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	13.7%
CEO tenure	8.8yrs
CEO ownership	0.9%
Management average tenure	6.8yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jennifer Sherman's remuneration changed compared to Federal Signal's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$213m
Jun 30 2024	n/a	n/a	US$202m
Mar 31 2024	n/a	n/a	US$182m
Dec 31 2023	US$7m	US$942k	US$157m
Sep 30 2023	n/a	n/a	US$146m
Jun 30 2023	n/a	n/a	US$134m
Mar 31 2023	n/a	n/a	US$127m
Dec 31 2022	US$6m	US$911k	US$120m
Sep 30 2022	n/a	n/a	US$105m
Jun 30 2022	n/a	n/a	US$103m
Mar 31 2022	n/a	n/a	US$99m
Dec 31 2021	US$5m	US$859k	US$101m
Sep 30 2021	n/a	n/a	US$107m
Jun 30 2021	n/a	n/a	US$103m
Mar 31 2021	n/a	n/a	US$95m
Dec 31 2020	US$5m	US$783k	US$96m
Sep 30 2020	n/a	n/a	US$100m
Jun 30 2020	n/a	n/a	US$103m
Mar 31 2020	n/a	n/a	US$114m
Dec 31 2019	US$5m	US$769k	US$108m
Sep 30 2019	n/a	n/a	US$111m
Jun 30 2019	n/a	n/a	US$104m
Mar 31 2019	n/a	n/a	US$98m
Dec 31 2018	US$4m	US$703k	US$94m
Sep 30 2018	n/a	n/a	US$91m
Jun 30 2018	n/a	n/a	US$82m
Mar 31 2018	n/a	n/a	US$66m
Dec 31 2017	US$3m	US$666k	US$61m

Compensation vs Market: Jennifer's total compensation ($USD6.87M) is above average for companies of similar size in the German market ($USD3.59M).

Compensation vs Earnings: Jennifer's compensation has increased by more than 20% in the past year.

CEO

Jennifer Sherman (59 yo)

8.8yrs

Tenure

US$6,869,679

Compensation

Ms. Jennifer L. Sherman has been the Chief Executive Officer, President and Director of Federal Signal Corporation since January 1, 2016. Ms. Sherman served as the Chief Operating Officer of Federal Signal...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jennifer Sherman	President	8.8yrs	US$6.87m	0.92% € 52.2m
Ian Hudson	Senior VP & CFO	7.7yrs	US$2.01m	0.12% € 7.0m
Mark Weber	Senior VP & COO	6.8yrs	US$2.80m	0.093% € 5.3m
Diane Bonina	VP, General Counsel & Corporate Secretary	2.6yrs	US$1.23m	0.013% € 757.8k
Felix Boeschen	VP of Corporate Strategy & Investor Relations	1.2yrs	no data	0.00080% € 45.5k

6.8yrs

Average Tenure

59yo

Average Age

Experienced Management: FSG's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jennifer Sherman	President	8.8yrs	US$6.87m	0.92% € 52.2m
Eugene Lowe	Independent Director	5.8yrs	US$220.00k	0.032% € 1.8m
John Workman	Independent Director	10.8yrs	US$238.00k	0.10% € 5.9m
Dennis Martin	Independent Non-Executive Chairman	16.7yrs	US$263.00k	0.83% € 47.1m
Brenda Reichelderfer	Lead Independent Director	18.1yrs	US$242.00k	0.094% € 5.3m
Katrina Helmkamp	Independent Director	less than a year	US$10.00k	0.0032% € 180.9k
William Owens	Independent Director	13.6yrs	US$224.50k	0.098% € 5.6m
Shashank Patel	Independent Director	3.1yrs	US$214.00k	0.014% € 807.3k

9.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: FSG's board of directors are considered experienced (9.8 years average tenure).

Federal Signal Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Lead Independent Director recently sold €2.2m worth of stock

Federal Signal Corporation Appoints Katrina L. Helmkamp to Board of Director, Member of the Audit Committee

Federal Signal Corporation Appoints Katrina L. Helmkamp to Board of Director, Member of the Audit Committee

Independent Non-Executive Chairman recently sold €2.8m worth of stock

Senior VP & CFO recently sold €596k worth of stock

Recent updates

Upcoming dividend of US$0.12 per share

Insufficient new directors

Second quarter dividend of US$0.12 announced

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on December 2, 2024

Federal Signal Corporation to Report Q3, 2024 Results on Oct 31, 2024

Lead Independent Director recently sold €2.2m worth of stock

Upcoming dividend of US$0.12 per share

Now 20% undervalued

Second quarter dividend of US$0.12 announced

Second quarter 2024 earnings released: EPS: US$1.00 (vs US$0.66 in 2Q 2023)

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on August 30, 2024

Federal Signal Corporation to Report Q2, 2024 Results on Jul 25, 2024

Investor sentiment improves as stock rises 16%

Now 20% undervalued

Federal Signal Corporation Reaffirms Earnings Guidance for the Year 2024

Now 21% undervalued

First quarter 2024 earnings released: EPS: US$0.85 (vs US$0.45 in 1Q 2023)

Fourth quarter dividend of US$0.12 announced

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on May 31, 2024

Federal Signal Corporation to Report Q1, 2024 Results on Apr 30, 2024

Upcoming dividend of US$0.12 per share

Now 22% undervalued

Full year 2023 earnings released: EPS: US$2.59 (vs US$1.99 in FY 2022)

Third quarter dividend of US$0.12 announced

Federal Signal Corporation Declares Quarterly Dividend, Payable on March 28, 2024

Federal Signal Corporation to Report Q4, 2023 Results on Feb 27, 2024

Federal Signal Corporation Appoints Katrina L. Helmkamp to Board of Director, Member of the Audit Committee

Federal Signal Corporation Appoints Katrina L. Helmkamp to Board of Director, Member of the Audit Committee

Upcoming dividend of US$0.10 per share at 0.6% yield

Federal Signal Corporation Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.71 (vs US$0.53 in 3Q 2022)

Federal Signal Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on December 1, 2023

Federal Signal Corporation to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.10 per share at 0.7% yield

Independent Non-Executive Chairman recently sold €2.8m worth of stock

Second quarter 2023 earnings released: EPS: US$0.66 (vs US$0.56 in 2Q 2022)

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on September 1, 2023

Federal Signal Corporation to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.10 per share at 0.8% yield

Senior VP & CFO recently sold €596k worth of stock

First quarter 2023 earnings released: EPS: US$0.45 (vs US$0.34 in 1Q 2022)

Upcoming dividend of US$0.09 per share at 0.7% yield

Full year 2022 earnings released: EPS: US$1.99 (vs US$1.66 in FY 2021)

Federal Signal Corporation to Report Q4, 2022 Results on Mar 01, 2023

Federal Signal Corporation Declares Quarterly Cash Dividend on Its Common Stock, Payable on March 31, 2023

Now 20% undervalued

Federal Signal Corporation (NYSE:FSS) completed the acquisition of substantially all the assets and operations of Blasters, Inc.

Independent Non-Executive Chairman recently sold €2.1m worth of stock

Federal Signal Corporation (NYSE:FSS) entered into a definitive agreement to acquire substantially all the assets and operations of Blasters, Inc. for $22 million.

Insufficient new directors

Upcoming dividend of US$0.09 per share

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.48 in 3Q 2021)

Federal Signal Corporation Revises Sales Guidance for the Full Year 2022

Federal Signal Corporation to Report Q3, 2022 Results on Nov 03, 2022

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on December 2, 2022

Federal Signal Corporation (NYSE:FSS) completed the acquisition of Substantially all the assets and operations of TowHaul Corporation.

Federal Signal Corporation (NYSE:FSS) signed of a definitive agreement to acquire Substantially All the Assets, Operations and Manufacturing Facility in Belgrade, Montana from Towhaul Corporation for $46.1 million.

Federal Signal Corporation (NYSE:FSS) signed of a definitive agreement to acquire Substantially All the Assets, Operations and Manufacturing Facility in Belgrade, Montana from Towhaul Corporation for $46.1 million.

Upcoming dividend of US$0.09 per share

Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.49 in 2Q 2021)

Federal Signal Corporation Declares Quarterly Cash Dividend, Payable on September 2, 2022

Federal Signal Corporation to Report Q2, 2022 Results on Jul 27, 2022

Upcoming dividend of US$0.09 per share

First quarter 2022 earnings released: EPS: US$0.34 (vs US$0.37 in 1Q 2021)

Insufficient new directors

Federal Signal Corporation Declares a Quarterly Cash Dividend, Payable on June 3, 2022

Federal Signal Corporation to Report Q1, 2022 Results on May 02, 2022

Insufficient new directors

President recently bought €88k worth of stock