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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In August 2022, the SEC adopted rules relating to Section 14(i) of the Securities Exchange Act of 1934, including Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires us to disclose information that compares our named executive officer (“NEO”) compensation actually paid to certain financial performance measures. The table below sets forth our pay versus performance disclosure, in accordance with SEC Item 402(v) of Regulation
S-K.
 
 
 
   
 
   
 
   
 
 
Value of Initial Fixed
$100 Investment
Based On:
   
 
   
 
   
 
  Year
 
Summary
Compensation
Table Total for
PEO ($) (a)
 
Compensation
Actually Paid
to PEO ($) (b)
 
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($) (c)
 
Average
Compensation
Actually Paid to
Non-PEO
NEOs
($) (d)
 
WNC
TSR ($)
(e)
 
Dow Jones
Transportation
Index TSR ($)
(f)
 
Net Income
(loss)
attributable
to common
stockholders
($ in
thousands)
(g)
 
Operating
income
(loss) ($ in
thousands)
(h)
2024
   
 
5,940,718
   
 
(2,771,896
)
   
 
1,482,126
   
 
6,716
   
 
126.02
   
 
124.80
   
 
(283,075
)
   
 
(356,104
)
2023
   
 
7,613,202
   
 
10,805,272
   
 
2,136,064
   
 
2,761,160
   
 
188.79
   
 
123.75
   
 
231,855
   
 
311,900
2022
   
 
6,376,651
   
 
11,520,453
   
 
1,800,933
   
 
2,836,840
   
 
164.25
   
 
122.97
   
 
112,258
   
 
166,642
2021
   
 
4,605,980
   
 
4,901,091
   
 
1,142,820
   
 
1,203,318
   
 
138.99
   
 
149.86
   
 
1,164
   
 
33,542
2020
   
 
4,404,651
   
 
5,805,674
   
 
1,186,603
   
 
(801,039
)
   
 
120.30
   
 
119.65
   
 
(97,412
)
   
 
(85,608
)
 
(a)
The principal executive officer (“PEO”) is Brent L. Yeagy for all years shown.
 
(b)
Compensation actually paid (CAP) for 2024 to our PEO reflects the respective amounts set forth in column (a) of the table above, adjusted as set forth in the table below.
 
  
PEO
  
 
Brent L. Yeagy
 
SCT Total Compensation ($)
  
 
5,940,718
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
(4,715,454
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  
 
1,645,348
 
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  
 
(5,162,914
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
(479,594
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)
  
 
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
 
Compensation Actually Paid ($)
  
 
(2,771,896
 
(c)
The following are included in the average figures shown:
2024: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner, Patrick J. Keslin
2021, 2022 and 2023: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner
2020: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner, Jeffery L. Taylor, Melanie D. Margolin
Executive Compensation Tables
 
(d)
Compensation actually paid (CAP) to our
non-PEO
NEOs for 2024 reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below.
 
  
Non-PEO
NEOs
  
 
See column (c)
note above
 
 
SCT Total Compensation ($)
  
 
1,482,126
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
(965,734
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  
 
452,016
 
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  
 
(894,932
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
(66,760
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)
  
 
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
 
Compensation Actually Paid ($)
  
 
6,716
 
 
(e)
Represents the total shareholder return (TSR) of Wabash for the measurement periods ending December 31 of each of 2021, 2022, 2023, and 2024 respectively.
 
(f)
Represents the TSR of the Dow Jones Transportation Index for the measurement periods ending on December 31 of each of 2021, 2022, 2023 and 2024 respectively.
 
(g)
Reflects “Net Income” in the Company’s Consolidated Income Statements included in the Company’s Annual Reports on Form
10-K
for each of the years ended December 31, 2021, 2022, 2023 and 2024.
 
(h)
Company-selected Measure is Operating Income.
       
Company Selected Measure Name Operating Income        
Named Executive Officers, Footnote
(c)
The following are included in the average figures shown:
2024: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner, Patrick J. Keslin
2021, 2022 and 2023: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner
2020: Michael N. Pettit, Dustin T. Smith, Kevin J. Page, M. Kristin Glazner, Jeffery L. Taylor, Melanie D. Margolin
       
Peer Group Issuers, Footnote Represents the TSR of the Dow Jones Transportation Index for the measurement periods ending on December 31 of each of 2021, 2022, 2023 and 2024 respectively.        
PEO Total Compensation Amount $ 5,940,718 $ 7,613,202 $ 6,376,651 $ 4,605,980 $ 4,404,651
PEO Actually Paid Compensation Amount $ (2,771,896) 10,805,272 11,520,453 4,901,091 5,805,674
Adjustment To PEO Compensation, Footnote
(b)
Compensation actually paid (CAP) for 2024 to our PEO reflects the respective amounts set forth in column (a) of the table above, adjusted as set forth in the table below.
 
  
PEO
  
 
Brent L. Yeagy
 
SCT Total Compensation ($)
  
 
5,940,718
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
(4,715,454
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  
 
1,645,348
 
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  
 
(5,162,914
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
(479,594
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)
  
 
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
 
Compensation Actually Paid ($)
  
 
(2,771,896
       
Non-PEO NEO Average Total Compensation Amount $ 1,482,126 2,136,064 1,800,933 1,142,820 1,186,603
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,716 2,761,160 2,836,840 1,203,318 (801,039)
Adjustment to Non-PEO NEO Compensation Footnote
(d)
Compensation actually paid (CAP) to our
non-PEO
NEOs for 2024 reflects the respective amounts set forth in column (c) of the table above, adjusted as set forth in the table below.
 
  
Non-PEO
NEOs
  
 
See column (c)
note above
 
 
SCT Total Compensation ($)
  
 
1,482,126
 
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  
 
(965,734
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  
 
452,016
 
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  
 
(894,932
Change in Fair Value of Stock and Option Awards from Prior years that Vested in the Covered Year ($)
  
 
(66,760
Less: Fair Value of Stock and Option Awards Forfeited during the covered Year ($)
  
 
 
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  
 
 
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  
 
 
Compensation Actually Paid ($)
  
 
6,716
 
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
Most Important Measures to Link Compensation Actually Paid to Company Performance for 2024
The four performance measures listed below represent the most important metrics we used to link CAP to Company performance for 2024 as further described in our Compensation Discussion and Analysis.
 
  Most Important Performance Measures
1. Operating Income
2. Relative Total Shareholder Return
3. Average Return on Invested Capital
4. Net Working Capital as a Percentage of Sales
       
Total Shareholder Return Amount $ 126.02 188.79 164.25 138.99 120.3
Peer Group Total Shareholder Return Amount 124.8 123.75 122.97 149.86 119.65
Net Income (Loss) $ (283,075,000) $ 231,855,000 $ 112,258,000 $ 1,164,000 $ (97,412,000)
Company Selected Measure Amount (356,104,000) 311,900,000 166,642,000 33,542,000 (85,608,000)
PEO Name Brent L. Yeagy        
Measure:: 1          
Pay vs Performance Disclosure          
Name Operating Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 3          
Pay vs Performance Disclosure          
Name Average Return on Invested Capital        
Measure:: 4          
Pay vs Performance Disclosure          
Name Net Working Capital as a Percentage of Sales        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,645,348        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,162,914)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (479,594)        
PEO | Stock and Option Award Values Reported in SCT for the Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,715,454)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 452,016        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (894,932)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (66,760)        
Non-PEO NEO | Stock and Option Award Values Reported in SCT for the Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (965,734)