Shailen P. Bhatt
Administrator, Federal Highway Administration (Fhwa)
Estimated Net Worth
  • estimated net worth
    $1.3 M - $3.4 M
Salary
  • salary
    Unknown
Employment
  • Started 12/08/2022

Financial Disclosure Details - OGE Form 278e (06/08/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Southfield, Michigan
Senior VP
Present
2
The Intelligent Transportation Society of America (ITS America)
Washington , District of Columbia
President and CEO
8/2021
3
Aurora Tech
Mountain View, California
Safety Advisory Board Member
Present
4
Spoke Safety
Denver, Colorado
Advisor
Present
5
Zuul IOT
Columbia , Maryland
Advisor
Present
6
Flow Labs
San Francisco, California
Advisor
Present
7
EMC
Denver, Colorado
Advisor
Present
8
ITS World Congress Board of Directors
Washington, District of Columbia
Chair
Present
9
Uber ATG
Pittsburgh, Pennsylvania
Safety Advisory Board Member
1/2021

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Roth IRA: U.S. brokerage cash account
$1,001 - $15,000
None (or less than $201)
2
AECOM
Salary and Bonus
$330,000
3
AECOM 401(k)
None (or less than $201)
3.1
Vanguard Target Retirement Trust Select 2035 Fund
$1,001 - $15,000
None (or less than $201)
4
ITS America 401K
4.1
PIMCO Short-Term Fund Class R Shares (PTSRX)
$50,001 - $100,000
None (or less than $201)
4.2
Principal LifeTime 2040 R3 Fund
$15,001 - $50,000
None (or less than $201)
4.3
american funds growth fund of America R3 Fund
$1,001 - $15,000
None (or less than $201)
4.4
Principal Large Cap S&P 500 Index R3 Fund
$1,001 - $15,000
None (or less than $201)
4.5
Principal SmallCap S&P 600 Index R3 Fund
$1,001 - $15,000
None (or less than $201)

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Southfield, Michigan
I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. Pursuant to my employment agreement, I will be eligible for a year-end bonus tied to the company’s performance and my performance if I continue to be an employee of AECOM as of December 15, 2022.
9/2021
2
Washington, District of Columbia
I will continue to participate in this defined contribution plan. The plan sponsor no longer makes contributions to this plan.
12/2017
3
State of Colorado Public Employees’ Retirement Association (PERA)
Denver, Colorado
I will continue to participate in this defined contribution plan. The plan sponsor no longer makes contributions to this plan.
2/2015
4
Dover, Delaware
I will continue to participate in this defined contribution plan. The plan sponsor no longer makes contributions to this plan.
6/2011
5
Dallas, Texas
I have unvested RSU's that I will forfeit once I leave AECOM.
9/2021
6
ZUUL IOT
Columbia, Maryland
I will divest my vested stock options after separation.
7/2020
7
Flow Labs
San Francisco, California
I will divest my vested stock options after separation.
6/2019
8
Spoke Safety
Denver, Colorado
I will divest my common units upon separation. Pursuant to the Simple Agreement for Future Equity (SAFE) plan, the amount I invested in the SAFE plan will be converted to equity when Spoke sells securities at a fixed price in its next equity financing event. I will divest my SAFE investment interest upon confirmation.
5/2020
9
Aurora Tech
Mountain View, California
As a board member, I receive fixed monthly payments in exchange for my service to the board. I will receive the payments once I submit a claim for those payments. I will submit a claim for all payments prior to entering Federal service.
1/2021
10
EMC
Denver, Colorado
Upon confirmation, I will divest my convertible note.
4/2021

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Aurora Tech
Mountain View, California
Member of Safety Advisory Board. We meet quarterly to ensure safe operations for autonomous vehicle testing.
2
Southfield, Michigan
Responsible for identifying and deploying innovative transportation and technology solutions globally to assist clients in meeting their objectives for infrastructure projects.
3
Washington, District of Columbia
Served as the leader of a trade association comprised of public sector agencies, private companies and research institutions, dedicated to reducing fatalities, congestion, and pollution.
4
Spoke Safety
Denver, Colorado
Member of the Board of Advisors for a bicycle safety startup company.
5
EMC
Denver, Colorado
Advisor to a startup company that develops processes and technology for building sustainable roads.
6
Zuul IOT
Columbia, Maryland
Advisor to a startup company that provides cybersecurity services.
7
Flow Labs
San Francisco, California
Advisor to a startup company that develops AI Traffic Management software.
8
Uber ATG
Pittsburgh, Pennsylvania
Member of Safety Advisory Board that ensures safe operations for autonomous vehicle testing.

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
VOYA Financial 401(k)
1.1
American Funds 2040 Target Date Retirement Fund Class R6 Shs (RFGTX)
$50,001 - $100,000
None (or less than $201)
2
Detroit Public Schools Tax Sheltered Annuity Plan
2.1
Great-West S&P Small Cap 600 Index Fund Investor Class Shares (MXISX)
$1,001 - $15,000
None (or less than $201)
2.2
Victory RS Small Cap Growth A
$1,001 - $15,000
None (or less than $201)
2.3
invesco mid cap growth A
$1,001 - $15,000
None (or less than $201)
2.4
Federated Equity Income A
None (or less than $1,001)
None (or less than $201)
2.5
Fidelity VIP Growth Portfolio VPGSX
$1,001 - $15,000
None (or less than $201)
2.6
Invesco American Franchise Fund Class C Shares (VAFCX)
$1,001 - $15,000
None (or less than $201)
2.7
Janus Forty T
$1,001 - $15,000
None (or less than $201)

Other Assets and Income

#
Description
Value
Type
Amount
1
Residential Real Estate, Washington, DC
$250,001 - $500,000
Rent or Royalties
$1,001 - $2,500
2
Residential Real Estate, Lexington Park, MD
$250,001 - $500,000
Rent or Royalties
$5,001 - $15,000
3
Residential Real Estate, Lexington Park, MD
$100,001 - $250,000
Rent or Royalties
$201 - $1,000
4
Residential Real Estate, Troy, MI
$100,001 - $250,000
Rent or Royalties
$2,501 - $5,000
5
US Bank (Cash)
$100,001 - $250,000
Interest
$201 - $1,000
6
RASA (Indian fast casual restaurant) investment
$15,001 - $50,000
None (or less than $201)
7
Coinbase Crytocurrency Account (underlying assets are below the reporting threshold)
$1,001 - $15,000
None (or less than $201)
8
DC 529 Plan
8.1
DC College Savings 2031 Portfolio
$1,001 - $15,000
None (or less than $201)
8.2
DC College Savings 2034 Portfolio
$1,001 - $15,000
None (or less than $201)

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Wells Fargo 1
$100,001 - $250,000
2022
30
2
Wells Fargo 2
$100,001 - $250,000
2021
30
3
Aim Loan
$100,001 - $250,000
2020
30
4
Rocket Mortgage
$100,001 - $250,000
2022
30
5
Huntington Bank
$250,001 - $500,000
2021
30

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
8
This role will end effective September 2022.

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