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...

Current Market Cap

$3.03B

Number of Employees

1.86K

Total Compensation

2019 - 2023

Trending down by -52.56% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Up by 4.86% last year

Bonus

Down by -76.90% last year

Other

Down by -45.32% last year

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.

SEC Filing

From March 20, 2024

Dennis P. Vermillion

CEO of Avista

A

Education

Bachelor of Science degree in Electrical Engineering

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1964 - 60 years ago

Is Founder?

No

Current Tenure

5 years 1 month (Oct 2019 - Present)

Previous Experience

Senior Vice President and Environmental Compliance Officer