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Philip D.  Fracassa net worth and biography

Philip Fracassa Biography and Net Worth

CFO of Timken
Philip D. Fracassa is executive vice president, chief financial officer and an officer of the Timken Company.

Fracassa has been instrumental in developing and executing the company’s strategy to create shareholder value, which is focused on driving profitable growth, operating with excellence and deploying capital to achieve the highest returns. The result is a financially stronger company, delivering greater returns and cash flow and a more diversified portfolio that positions Timken to perform better through a cycle.

Fracassa previously served as senior vice president, corporate planning and development where he led transformative changes to reposition the company.  Notably, he directed the development of Timken’s inorganic growth strategy and led the spin-off of Timken’s former steel business.

Fracassa joined Timken in 2005 and held several key finance positions during his tenure, including senior vice president, tax and treasury, and senior vice president and group controller.

Prior to joining Timken, Fracassa was director of taxes for Visteon Corp. He began his career with Price Waterhouse in Detroit and served as a tax attorney with General Motors.

Currently, Fracassa is a member of Financial Executives International and the Manufacturers Alliance for Productivity and Innovation (MAPI). He sits on the Cleveland Regional Advisory Board for FM Global, a world leader in commercial and industrial property insurance and loss prevention engineering. He also serves as a member of the board for both Walsh University and the American Red Cross of Northeast Ohio.

Fracassa holds a bachelor’s degree in accounting and a juris doctor degree in law from the University of Detroit Mercy. In 2011, he completed the Advanced Management Programme at INSEAD in France. He is a certified public accountant and licensed attorney in the state of Michigan.

What is Philip D. Fracassa's net worth?

The estimated net worth of Philip D. Fracassa is at least $7.52 million as of November 14th, 2023. Mr. Fracassa owns 88,868 shares of Timken stock worth more than $7,517,344 as of March 3rd. This net worth approximation does not reflect any other investments that Mr. Fracassa may own. Additionally, Mr. Fracassa receives a salary of $1,440,000.00 as CFO at Timken. Learn More about Philip D. Fracassa's net worth.

How old is Philip D. Fracassa?

Mr. Fracassa is currently 56 years old. There are 5 older executives and no younger executives at Timken. The oldest executive at Timken is Mr. Christopher A. Coughlin, Executive VP & President of Industrial Motion, who is 63 years old. Learn More on Philip D. Fracassa's age.

What is Philip D. Fracassa's salary?

As the CFO of The Timken Company, Mr. Fracassa earns $1,440,000.00 per year. The highest earning executive at Timken is Mr. Richard G. Kyle, President, CEO & Director, who commands a salary of $3,360,000.00 per year. Learn More on Philip D. Fracassa's salary.

How do I contact Philip D. Fracassa?

The corporate mailing address for Mr. Fracassa and other Timken executives is 4500 MT. PLEASANT ST. NW, NORTH CANTON OH, 44720. Timken can also be reached via phone at (234) 262-3000 and via email at [email protected]. Learn More on Philip D. Fracassa's contact information.

Has Philip D. Fracassa been buying or selling shares of Timken?

Philip D. Fracassa has not been actively trading shares of Timken during the last quarter. Most recently, Philip D. Fracassa sold 5,000 shares of the business's stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $74.03, for a transaction totalling $370,150.00. Following the completion of the sale, the chief financial officer now directly owns 88,868 shares of the company's stock, valued at $6,578,898.04. Learn More on Philip D. Fracassa's trading history.

Who are Timken's active insiders?

Timken's insider roster includes Christopher Coughlin (EVP), Philip Fracassa (CFO), Richard Kyle (CEO), Hans Landin (VP), Ronald Myers (EVP), Hansal Patel (VP), Ward Timken, Jr. (Director), and Jacqueline Woods (Director). Learn More on Timken's active insiders.

Are insiders buying or selling shares of Timken?

In the last year, insiders at the industrial products company sold shares 10 times. They sold a total of 163,184 shares worth more than $12,399,380.21. The most recent insider tranaction occured on November, 14th when CFO Philip D Fracassa sold 5,000 shares worth more than $370,150.00. Insiders at Timken own 9.9% of the company. Learn More about insider trades at Timken.

Information on this page was last updated on 11/14/2023.

Philip D. Fracassa Insider Trading History at Timken

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
11/14/2023Sell5,000$74.03$370,150.0088,868View SEC Filing Icon  
8/23/2023Sell5,000$75.45$377,250.0093,868View SEC Filing Icon  
8/11/2022Sell8,484$68.78$583,529.5285,659View SEC Filing Icon  
5/26/2022Sell9,511$59.94$570,089.3485,659View SEC Filing Icon  
2/18/2022Sell5,000$68.32$341,600.00View SEC Filing Icon  
11/5/2021Sell9,220$72.71$670,386.20View SEC Filing Icon  
5/14/2021Sell5,000$89.17$445,850.0077,913View SEC Filing Icon  
5/5/2021Sell12,443$88.41$1,100,085.6393,513View SEC Filing Icon  
2/24/2021Sell3,608$79.40$286,475.2092,438View SEC Filing Icon  
2/19/2021Sell3,653$74.67$272,769.5192,913View SEC Filing Icon  
11/16/2020Sell15,514$72.99$1,132,366.8680,681View SEC Filing Icon  
8/10/2020Sell7,959$53.41$425,090.1980,681View SEC Filing Icon  
11/14/2019Sell5,234$53.03$277,559.0260,995View SEC Filing Icon  
11/4/2019Sell4,846$52.38$253,833.4860,595View SEC Filing Icon  
8/10/2018Sell3,582$48.39$173,332.9843,534View SEC Filing Icon  
5/8/2018Sell3,739$47.71$178,387.6943,534View SEC Filing Icon  
2/21/2017Sell4,222$44.48$187,794.5640,538View SEC Filing Icon  
8/24/2016Sell2,229$34.27$76,387.8330,784View SEC Filing Icon  
See Full Table

Philip D. Fracassa Buying and Selling Activity at Timken

This chart shows Philip D Fracassa's buying and selling at Timken by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Timken Company Overview

Timken logo
The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings. This segment serves wind energy, agriculture, construction, food and beverage, metals and mining, automotive and truck, aerospace, rail, and other industries under the Timken, GGB, and Fafnir brands. Its Industrial Motion segment offers a portfolio of engineered products comprising industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, seals, couplings, filtration systems, and industrial clutches and brakes. It also provides industrial drivetrain and bearing repairing services. This segment serves a range of industries, such as solar energy, automation, construction, agriculture and turf, passenger rail, marine, aerospace, packaging and logistics, medical, and others under the Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Diamond, Drives, Timken Belts, Spinea, Des-Case, Lagersmit, Lovejoy, and PT Tech brands. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.
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Today's Range

Now: $84.59
Low: $83.51
High: $84.63

50 Day Range

MA: $80.73
Low: $77.07
High: $85.91

2 Week Range

Now: $84.59
Low: $65.71
High: $95.08

Volume

463,263 shs

Average Volume

623,755 shs

Market Capitalization

$5.93 billion

P/E Ratio

15.49

Dividend Yield

1.56%

Beta

1.54
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