John J. Engel

John J. Engel currently serves as the President and Chief Executive Officer of Wesco International (WCC) since 2009 and has been the Chairman of the Board since May 2011. " "

He began his tenure with the company in 2004 as Senior Vice President and Chief Operating Officer and subsequently advanced to higher leadership roles, reflecting his extensive experience in operational and executive management. " " "

Before joining WCC, he held several senior positions at major companies including Gateway, Inc., Perkin Elmer, Inc., Allied Signal, Inc., and General Electric Company, which demonstrates his broad expertise in engineering, manufacturing, and general management. " " " "

Option Awards

• Grant Date: February 16, 2023 "
• Grant Date Fair Value: $1,950,003 "
• Grant Date Stock Price: $171.96 " "
• Number of Securities: 25,924 "
• Exercise Price: $171.96 "
• Vesting Schedule: Vest in three equal annual installments beginning on the first anniversary; terminates on the tenth anniversary "

Performance Share Units

• Performance Metrics:
  • Net Income Growth: Threshold: 0%, Target: 5%, Maximum: 10%+, Actual: 47.8% "
  • Return on Net Assets (RONA) Growth: Threshold: 0 bps, Target: 50 bps, Maximum: 100+ bps, Actual: 698 bps "
• Vesting Period: Three-year performance period from January 1, 2023 to December 31, 2025 " "
• Grant Date: February 16, 2023 "
• Grant Date Fair Value: $3,900,053 "
• Grant Date Stock Price: $171.96 "
• Plan: Granted under the WESCO International, Inc. 2021 Omnibus Incentive Plan " "
• Change in Control Provision: Awards vest at the target level upon a change in control "

Non-Equity Incentive Plan Compensation

• Total Payout: $997,515 " "
• Vesting & Payment: Annual incentive based on fiscal year performance, with payouts approved in the following year " "
• Performance Modifier: May adjust the incentive amount by ±25% based on strategic initiatives "