David J. Lesar is the current CEO of CenterPoint Energy, a role he took on after serving many years in leadership positions at Halliburton. He has an extensive background in business, earning a Bachelor’s degree in Business Administration from the...

Number of Employees

8.83K

Year

2023

Total Compensation

$9.58M

Salary

$1.49M

Board Justification

The compensation philosophy is designed to attract and retain top talent while aligning executive compensation with performance metrics and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as the short-term incentive payout was determined at the approved achievement level for other executive officers, reflecting performance metrics.

Other

$742.42K

Board Justification

Other compensation includes financial planning services, security-related services, and other personal benefits.

Restricted Stock

$7.34M(256.93K RSU)

Board Justification

The stock awards that vested in 2023 were based on performance share units and restricted stock units granted in previous years, with the total value realized upon vesting calculated based on the closing price of the stock at the time of vesting.

Performance Metrics

The performance metrics for 2023 included achieving a non-GAAP Adjusted EPS target, with a negative modifier for diversity, equity, and inclusion metrics.

SEC Filing

From March 15, 2024