Sundar PichaiSundar Pichai earned $164M in 2023

Dennis P. Vermillion, the CEO of Avista Corporation, has a solid background in engineering, holding a Bachelor of Science degree in Electrical Engineering from Washington State University. He joined Avista in 1985 and has worked in various roles, building expertise...

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Dennis P. Vermillion

Ex-CEO of Avista

Education

Bachelor of Science degree in Electrical Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Utilities

Born

January 1, 1964 - 61 years ago

CEO of Avista for

5 years 3 months (Oct 2019 - Jan 2025)

Previous Experience

Senior Vice President and Environmental Compliance Officer

Holdings

See how much did Dennis P. Vermillion make over time.

As the CEO of Avista Corporation, Dennis P. Vermillion's financial stakes in the company and its operations have seen significant changes over the years. Recently, his insider trading record shows that there haven't been large fluctuations in his holdings, indicating...

Insider Trading

See recent insider trades of Dennis P. Vermillion.

AVA

$839.96K

AVA at $32.64/share

Feb 8, 2024

Received

AVA

$802.45K

AVA at $41.98/share

Feb 2, 2023

Received

AVA

$651.29K

AVA at $44.26/share

Feb 3, 2022

Received

AVA

$474.99K

AVA at $37.43/share

Feb 4, 2021

Received

AVA

$418.77K

AVA at $51.15/share

Feb 5, 2020

Received

AVA

3,812 shares

AVA

Feb 11, 2019

Received

AVA

4,114 shares

AVA

Feb 11, 2019

Received

AVA

4,300 shares

AVA

Feb 2, 2017

Received

Compensation History

See how much did Dennis P. Vermillion make over time.

In 2023, Dennis P. Vermillion's total compensation as CEO of Avista Corporation reached about $1.11 million. This included a salary of approximately $878,769 and a bonus of around $219,692, which was a part of a performance-based cash incentive program linked to the company's operational goals. Notably, 2022 saw higher performance, with his total pay being $1.84 million largely due to a bonus payout of $951,228 based on exceeding performance targets. His compensation reflects the company's strategy to tie executive pay to measurable outcomes. His role is important in the energy sector, and how he balances individual rewards with company performance is crucial for Avista's long-term success.

Year

2023

Total Compensation

$1.12M

Salary

$878.77K

Board Justification

The compensation philosophy is designed to align executive pay with financial and operational performance, focusing on long-term value creation for shareholders.

Bonus

$219.69K

Board Justification

The annual cash incentive awards paid in 2024 earned by our NEOs for 2023 performance in accordance with the 2023 Cash Incentive Plan, which was determined to be 25% of target due to performance results.

Other

$18.00K

Board Justification

Includes employer matching contributions under the EDC Plan and the Investment and Employee Stock Ownership Plan (the 401(k) plan).

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were vested in 2023 as the focus is on cash and performance-based compensation for this year.

Performance Metrics

The performance metrics include achieving EPS targets, favorable TSR relative to peers, managing costs per customer, customer satisfaction, response time to natural gas emergency calls, reliability of service, and equity, inclusion, and diversity goals.