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    Jennifer L. Sherman

    President and Chief Executive Officer at Federal Signal Corp
    Board
    Since January 1, 2016
    Age
    60 years
    Tenure
    Joined FSS in 1994 and advanced through roles including Vice President, General Counsel, Senior Vice President, and Chief Operating Officer before being appointed as President and CEO on January 1, 2016.

    Also at Federal Signal Corp

    DIB
    Diane I. Bonina
    Vice President, General Counsel, and Secretary
    FMB
    Felix M. Boeschen
    Vice President, Corporate Strategy and Investor Relations
    IAH
    Ian A. Hudson
    Senior Vice President and Chief Financial Officer

    About

    Jennifer L. Sherman, who is 60 years old as of February 2025 , has developed a substantial career marked by long-standing service at Federal Signal Corporation. Starting her journey with the company in 1994 , she progressively undertook responsibilities in legal, administrative, and operational roles.

    Over the years, she held key positions, including Vice President, General Counsel, Senior Vice President, and Chief Operating Officer, showcasing her versatile expertise and leadership ability. This experience culminated in her appointment as President and CEO on January 1, 2016 , a role that underlines her strategic vision and commitment to the organization.

    In addition to her internal responsibilities at FSS, she has contributed to external boards and community organizations, highlighting her active involvement in corporate governance and social initiatives. Her career reflects an objective blend of experience in finance, law, and operations, making her a pivotal figure in the company's ongoing development.

    $FSS Performance Under Jennifer L. Sherman

    Past Roles

    OrganizationRoleDate RangeDetails
    Federal Signal Corporation (FSS) Senior Vice President and Chief Operating Officer April 2014 - December 31, 2015 N/A
    Federal Signal Corporation (FSS) Senior Vice President, Chief Administrative Officer, General Counsel, and Secretary 2010 - April 2014 N/A
    Federal Signal Corporation (FSS) Senior Vice President, Human Resources, General Counsel, and Secretary 2008 - 2010 N/A
    Federal Signal Corporation (FSS) Vice President, General Counsel, and Secretary 2004 - 2008 N/A
    Federal Signal Corporation (FSS) General Counsel March 2004 - November 2015 N/A

    External Roles

    OrganizationRoleDate RangeDetails
    Franklin Electric Co., Inc. Board of Directors Since January 2015 Global water and fueling system manufacturer
    The Field Museum Board Member N/A Non-profit organization
    WTTW/WFMT Board Member N/A Chicago Public Television and Fine Arts Radio

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$974,702 AnnualActual Salary Paid: $969,970
    Restricted Stock Awards$1,050,029 3-year cliff vesting (vests on May 2, 2027)12,757 shares at $82.31 per share
    Change in Pension Value & Non-Qualified Deferred Compensation Earnings$2,383 Accrued annuallyOnly NEO participating in the pension plan
    All Other Compensation$264,504 AnnualIncludes auto allowance $13,800, retirement savings plan contributions $4,732, savings restoration plan contributions $213,299, dividend income $25,686, matching gifts $3,000, and other items $3,987 (including airline club memberships $1,350, identity theft protection $319, life insurance premium payments $1,248, and a 30-year anniversary gift)
    Savings Restoration Plan ContributionsExecutive: $585,952; Registrant: $213,299; Aggregate Earnings: $1,135,607; Ending Balance: $9,434,298 Contributions applied as deferred amounts and evaluated at fiscal year-endDerived from 2024 salary deferral and 2023 non-equity incentive plan compensation
    Potential Post-Employment PaymentsContingentUpon termination eventAvailable under the Executive General Severance Plan & Change-in-Control Agreements (assumed termination date: December 31, 2024)

    Performance Compensation

    Data from  FY 2024

    Option Awards

    • Grant Date: May 2, 2024
    • Grant Date Fair Value: $1,049,958
    • Exercise (Base) Price: $82.31 per share
    • Number of Securities: 35,896
    • Expiration Date: May 2, 2034
    • Performance Metrics: Not explicitly detailed; vesting subject to continued employment and standard equity incentive plan conditions

    Non-Equity Incentive Plan Compensation

    • Performance Metrics: EPS from Continuing Operations weighted at 75% and ROIC weighted at 25% over a three-year period ending December 31, 2026
    • Threshold: $353,817
    • Target: $1,072,172
    • Maximum: $2,144,344
    • Grant Date: May 2, 2024
    • Grant Date Fair Value: $2,100,003
    • Vesting Schedule: Vests over the three-year performance period with a TSR modifier that adjusts the payout by ±20% based on performance

    Performance Stock Units (PSUs)

    • Performance Metrics: EPS (75%) and ROIC (25%) over three years ending December 31, 2026
    • Earning Levels: 50% of PSUs are earned at the threshold, 100% at the target, and 200% at the maximum, with linear interpolation between levels
    • Number of PSUs Granted: Threshold: 9,787, Target: 24,467, Maximum: 58,721
    • TSR Modifier: ±20% adjustment based on the company’s total shareholder return relative to the S&P 600 Capital Goods Index
    • Grant Date: May 2, 2024
    • Grant Date Fair Value: $2,100,003
    • Vesting Schedule: Contingent on achieving the specified financial performance targets during the performance period