Hubbell Management

Management criteria checks 3/4

Hubbell's CEO is Gerben Bakker, appointed in Jun 2019, has a tenure of 4.83 years. total yearly compensation is $9.67M, comprised of 11.3% salary and 88.7% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €22.64M. The average tenure of the management team and the board of directors is 3.5 years and 8.3 years respectively.

Key information

Gerben Bakker

Chief executive officer

US$9.7m

Total compensation

CEO salary percentage	11.3%
CEO tenure	4.8yrs
CEO ownership	0.1%
Management average tenure	3.5yrs
Board average tenure	8.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gerben Bakker's remuneration changed compared to Hubbell's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$10m	US$1m	US$758m
Sep 30 2023	n/a	n/a	US$710m
Jun 30 2023	n/a	n/a	US$660m
Mar 31 2023	n/a	n/a	US$589m
Dec 31 2022	US$8m	US$1m	US$510m
Sep 30 2022	n/a	n/a	US$487m
Jun 30 2022	n/a	n/a	US$440m
Mar 31 2022	n/a	n/a	US$393m
Dec 31 2021	US$6m	US$973k	US$364m
Sep 30 2021	n/a	n/a	US$324m
Jun 30 2021	n/a	n/a	US$328m
Mar 31 2021	n/a	n/a	US$327m
Dec 31 2020	US$7m	US$768k	US$329m
Sep 30 2020	n/a	n/a	US$371m
Jun 30 2020	n/a	n/a	US$394m
Mar 31 2020	n/a	n/a	US$402m
Dec 31 2019	US$3m	US$602k	US$360m
Sep 30 2019	n/a	n/a	US$386m
Jun 30 2019	n/a	n/a	US$368m
Mar 31 2019	n/a	n/a	US$373m
Dec 31 2018	US$2m	US$500k	US$359m
Sep 30 2018	n/a	n/a	US$292m
Jun 30 2018	n/a	n/a	US$259m
Mar 31 2018	n/a	n/a	US$238m
Dec 31 2017	US$2m	US$470k	US$242m

Compensation vs Market: Gerben's total compensation ($USD9.67M) is above average for companies of similar size in the German market ($USD5.59M).

Compensation vs Earnings: Gerben's compensation has been consistent with company performance over the past year.

CEO

Gerben Bakker (58 yo)

4.8yrs

Tenure

US$9,666,284

Compensation

Mr. Gerben W. Bakker serves as President at Hubbell Incorporated since June 6, 2019 and has been its Chief Executive Officer and Director since October 1, 2020 and has been its Chairman since May 4, 2021....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gerben Bakker	President	4.8yrs	US$9.67m	0.12% $ 22.6m
William Sperry	Executive VP & CFO	11.8yrs	US$4.01m	0.079% $ 15.4m
Katherine Lane	Senior VP	5.1yrs	US$2.31m	0.021% $ 4.2m
Mark Mikes	President of Hubbell Electrical Solutions Segment	less than a year	US$2.44m	0.0091% $ 1.8m
Gregory Gumbs	President of Hubbell Utility Solutions Segment	less than a year	US$2.09m	0.0038% $ 743.1k
Akshay Mittal	Global Operations President	no data	no data	no data
Jonathan Del Nero	VP, Controller & Principal Accounting Officer	3.3yrs	no data	0.0077% $ 1.5m
Alexis Bernard	Chief Technology Officer	no data	no data	no data
Drew Marquardt	Chief Information Officer	no data	no data	no data
Daniel Innamorato	Director of Investor Relations	no data	no data	no data
Alyssa Flynn	Chief Human Resources Officer	2.2yrs	US$1.15m	0.0084% $ 1.6m
Rodd Ruland	Executive Vice President of Transition & Integration	3.7yrs	US$1.74m	no data

3.5yrs

Average Tenure

53yo

Average Age

Experienced Management: HUEC's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gerben Bakker	President	3.5yrs	US$9.67m	0.12% $ 22.6m
John Russell	Independent Director	12.7yrs	US$284.90k	0.014% $ 2.7m
Neal Keating	Independent Director	13.6yrs	US$254.90k	0.034% $ 6.6m
Carlos Cardoso	Independent Director	11.3yrs	US$266.90k	0.0032% $ 623.8k
John Malloy	Independent Director	12.8yrs	US$257.90k	0.034% $ 6.6m
Anthony Guzzi	Lead Independent Director	17.3yrs	US$304.95k	0.012% $ 2.4m
Jennifer Pollino	Independent Director	3.7yrs	US$282.90k	0.0038% $ 735.3k
Bonnie Cruickshank-Lind	Independent Director	5.3yrs	US$259.90k	0.0011% $ 219.0k
Rhett Hernandez	Independent Director	3.1yrs	US$274.95k	0.0038% $ 735.3k
Debra Dial	Independent Director	less than a year	US$197.31k	0.00082% $ 160.4k

8.3yrs

Average Tenure

65yo

Average Age

Experienced Board: HUEC's board of directors are considered experienced (8.3 years average tenure).

Hubbell Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Hubbell Incorporated, Annual General Meeting, May 07, 2024

Executive VP & CFO recently sold €4.9m worth of stock

Hubbell Incorporated Announces Retirement of John G. Russell as Board of Director

Hubbell Incorporated Elects Debra L. Dial as Director

Hubbell Incorporated Announces Executive Changes, Effective July 1, 2023

Recent updates

Hubbell Incorporated to Report Q1, 2024 Results on Apr 30, 2024

Insufficient new directors

Hubbell Incorporated, Annual General Meeting, May 07, 2024

Upcoming dividend of US$1.22 per share

Kingswood Capital Management, L.P acquired Progress Lighting, Inc. from Hubbell Incorporated (NYSE:HUBB).

New minor risk - Insider selling

Executive VP & CFO recently sold €4.9m worth of stock

Fourth quarter dividend of US$1.22 announced

Now 21% overvalued after recent price rise

Hubbell Incorporated Announces Retirement of John G. Russell as Board of Director

New minor risk - Financial position

Full year 2023 earnings released: EPS: US$14.14 (vs US$9.50 in FY 2022)

Hubbell Incorporated Provides Earnings Guidance for the Full Year 2024

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on March 15, 2024

Hubbell Incorporated to Report Q4, 2023 Results on Jan 30, 2024

Upcoming dividend of US$1.22 per share at 1.6% yield

Hubbell Incorporated Provides Earnings Outlook for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$3.72 (vs US$2.79 in 3Q 2022)

Hubbell Incorporated Declares Quarterly Dividend, Payable on December 15, 2023

Hubbell Incorporated to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$1.12 per share at 1.4% yield

Second quarter 2023 earnings released: EPS: US$3.85 (vs US$2.52 in 2Q 2022)

Hubbell Incorporated Provides Earnings Guidance for the Full Year 2023

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on September 15, 2023

Hubbell Incorporated to Report Q2, 2023 Results on Jul 25, 2023

Hubbell Incorporated Elects Debra L. Dial as Director

Hubbell Incorporated Announces Executive Changes, Effective July 1, 2023

Upcoming dividend of US$1.12 per share at 1.6% yield

Independent Director recently sold €139k worth of stock

First quarter 2023 earnings released: EPS: US$3.39 (vs US$1.89 in 1Q 2022)

Upcoming dividend of US$1.12 per share at 1.8% yield

Full year 2022 earnings released: EPS: US$9.49 (vs US$6.70 in FY 2021)

Hubbell Incorporated Provides Earnings Guidance for the Full Year 2023

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on March 15, 2023

Hubbell Incorporated to Report Q4, 2022 Results on Jan 31, 2023

Upcoming dividend of US$1.12 per share

Executive VP & CFO recently sold €4.0m worth of stock

Third quarter 2022 earnings released: EPS: US$2.79 (vs US$1.99 in 3Q 2021)

Hubbell Incorporated Provides Earnings Guidance for the Full Year 2022

Hubbell Incorporated (NYSE:HUBB) announces an Equity Buyback for $300 million worth of its shares.

Hubbell Incorporated to Report Q3, 2022 Results on Oct 25, 2022

Hubbell Incorporated Announces Segment Leadership Transition

Upcoming dividend of US$1.05 per share

Insider recently sold €1.1m worth of stock

Hubbell Incorporated (NYSE:HUBB) acquired Ripley Tools LLC.

Hubbell Incorporated (NYSE:HUBB) acquired PCX Corporation and Ripley Tools LLC.

Second quarter 2022 earnings released: EPS: US$2.52 (vs US$1.76 in 2Q 2021)

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on September 15, 2022

Hubbell Incorporated to Report Q2, 2022 Results on Jul 26, 2022

Hubbell Incorporated(NYSE:HUBB) dropped from Russell 1000 Dynamic Index

Upcoming dividend of US$1.05 per share

Independent Director recently sold €139k worth of stock

First quarter 2022 earnings released: EPS: US$1.89 (vs US$1.43 in 1Q 2021)

Hubbell Incorporated Provides Earnings Guidance for the Full Year 2022

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on June 15, 2022

Hubbell Incorporated to Report Q1, 2022 Results on Apr 26, 2022

Hubbell Incorporated, Annual General Meeting, May 03, 2022

Upcoming dividend of US$1.05 per share

Hubbell Incorporated Announces Retirement of Stephen M. Mais, Effective February 11, 2022

Executive VP & CFO recently sold €1.3m worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Hubbell Incorporated Provides Earnings Guidance for the Year 2022

GE Current, a Daintree company completed the acquisition of Commercial and Industrial Lighting Business of Hubbell Incorporated (NYSE:HUBB).

Hubbell Incorporated Declares Regular Quarterly Dividend, Payable on March 15, 2022

Upcoming dividend of US$1.05 per share

Third quarter 2021 earnings released: EPS US$1.99 (vs US$1.97 in 3Q 2020)

Upcoming dividend of US$0.98 per share

Second quarter 2021 earnings released: EPS US$1.76 (vs US$1.63 in 2Q 2020)

Independent Director recently sold €165k worth of stock