Christopher H. Franklin is the CEO and Chairman of Essential Utilities, Inc., a company he has been with for over 29 years. He became CEO in July 2015 and has led the company through significant growth and change. Under his...

Number of Employees

3.26K

Year

2023

Total Compensation

$3.47M

Salary

$985.58K

Board Justification

The compensation philosophy is designed to attract and retain top talent while aligning executive compensation with the company's performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$20.56K

Board Justification

Includes group life insurance, 401(k) company match, and car allowance.

Restricted Stock

$2.47M(55.52K RSUs)

Board Justification

The number of shares acquired upon vesting of restricted stock units (RSUs) in 2023.

Performance Metrics

The performance metrics for determining compensation include adjusted EPS, return on equity, relative total shareholder return (TSR), operations & maintenance measures, and rate base growth.

SEC Filing

From March 19, 2024

Christopher H. Franklin

CEO of Essential Utilities

E

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1965 - 60 years ago

Is Founder?

No

Current Tenure

9 years 6 months (Jul 2015 - Present)

Previous Experience

Executive Vice President and President and Chief Operating Officer, Regulated Operations at Aqua America, Inc.