Curtis A. Morgan, the former CEO of Vistra Corp., has a solid background in finance and over 35 years of experience in the energy sector. He holds a Bachelor's degree in Accounting from Western Illinois University and an MBA from...

Curtis A. Morgan, the former CEO of Vistra Corp., has a solid background in finance and over 35 years of experience in the energy sector. He holds a Bachelor's degree in Accounting from Western Illinois University and an MBA from the University of Chicago. Morgan has led Vistra since its early days in 2016, overseeing significant changes in the company and the industry. Under his leadership, Vistra became the largest retail power provider in the U.S. after successfully acquiring other companies. He is known for focusing on reducing emissions and closing coal plants as part of the company’s shift toward cleaner energy. Morgan had a notable transition in his role as CEO when he stepped down in August 2022, receiving nearly $1.1 billion in total compensation during his last full year, marking a significant milestone in his career. He has also served on several boards, contributing to various energy and business organizations. When it comes to personal finance, he made strategic insider trades valued at millions, showing that he has skin in the game and believes in the future of the company he led.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Vistra CEOs

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Curtis A. Morgan

Ex-CEO of Vistra

Education

Bachelor's degree in Finance from the University of Texas at Austin

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Utilities

Born

April 21, 1968 - 56 years ago

CEO of Vistra for

5 years 9 months (Oct 2016 - Aug 2022)

Previous Experience

CEO of Dynegy Inc., various leadership roles at TXU Corp.

Rivals

Competitors/colleagues of Curtis A. Morgan

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Joseph Dominguez

CEO of Constellation Energy

2023 Compensation

Stock

$10.00M

Salary

$1.18M

Bonus

$0.00

Other

$222.94K

Total Holdings

$16.37M

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Lawrence Coben

CEO of NRG Energy

2023 Compensation

Stock

$12.64M

Salary

$100.00K

Bonus

$0.00

Other

$489.03K

Total Holdings

$42.63M

Holdings

See how much did Curtis A. Morgan make over time.

Curtis A. Morgan's insider trading activity shows significant fluctuations in his holdings over the years. His trades reflect a keen awareness of the market, with values peaking at $23.58 million in April 2022. Following this peak, there was a decline...

Curtis A. Morgan's insider trading activity shows significant fluctuations in his holdings over the years. His trades reflect a keen awareness of the market, with values peaking at $23.58 million in April 2022. Following this peak, there was a decline in holdings tracked monthly, dropping to about $2.05 million by October 2022. At the height of his wealth, his holdings were valued at around $21.10 million in March 2022, illustrating a phase of strong confidence in Vistra's prospects before his transition from CEO. Morgan's trading behavior indicates a calculated approach toward managing his stock positions, aligning with his role as a leading figure in the energy industry during a transformative period.

Mar 18, 2025

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shares

VST @ $124.46

Total Stock Sold

$31.17M

VST

$31.17M

1,273,101 VST shares

What if they kept their stock?

If Curtis A. Morgan didn't sell their stock, today they would have:
Extra VST1,273,101 shares worth $20.40M.
This is -34.57% and $10.77M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Curtis A. Morgan.

VST

$27.37M

VST at $25.62/share

May 20, 2022

Sale

VST

175,396 shares

VST

Mar 4, 2022

Received

VST

101,656 shares

VST

Feb 22, 2022

Received

VST

$980.58K

VST at $15.89/share

May 10, 2021

Purchase

VST

$980.58K

VST at $15.89/share

May 6, 2021

Purchase

VST

372,413 shares

VST

Feb 25, 2021

Received

VST

$748.79K

VST at $18.19/share

Sep 8, 2020

Purchase

VST

$748.79K

VST at $18.19/share

Sep 8, 2020

Purchase

VST

82,245 shares

VST

Mar 5, 2020

Received

VST

$193.26K

VST at $20.76/share

Mar 5, 2020

Sale

Compensation History

See how much did Curtis A. Morgan make over time.

In 2022, Curtis A. Morgan earned a total compensation of $1,105,056,214, which included a salary of $1,030,578 and valued vested stock worth $4,069,187. Despite stepping down in August 2022, the bulk of his compensation came from long-term incentives that had accumulated over his time at Vistra. His compensation reflects Vistra's pay-for-performance philosophy. In the previous year, he received about $1,075,626, showing a consistent high level of earnings during his leadership. His pay has always been performance-related, often tied to the company's achievements in areas like EBITDA and financial performance metrics, demonstrating a strong alignment with Vivta's goals.

Year

2022

Total Compensation

$5.13M

Salary

$1.03M

Board Justification

Vistra's compensation philosophy emphasizes pay-for-performance, aligning executive compensation with the company's financial and operational performance, while also considering market competitiveness and internal equity.

Bonus

$0.00

Board Justification

No cash bonus was reported for 2022 as Mr. Morgan transitioned from his role as CEO on August 1, 2022, and his EAIP is subject to the Transition and Advisory Agreement.

Other

$25.71K

Board Justification

Other compensation includes financial planning services and matching contributions to the Thrift Plan.

Restricted Stock

$4.07M(175.4K RSU)

Board Justification

The vested stock for Mr. Morgan includes Restricted Stock Units (RSUs) that vested in 2022, reflecting the value of shares that were granted in prior years and vested during the year.

Performance Metrics

The performance metrics for determining Mr. Morgan's compensation included Adjusted EBITDA and other financial performance indicators.

Other Vistra CEOs

Here are other CEOs of Vistra

James A. Burke

CEO of Vistra

August 2022 - Present