Donald E. Brandt has been at the helm of Pinnacle West Capital Corporation since March 2008, serving as both President and CEO of the company and its subsidiary, Arizona Public Service Company. Under his leadership, Brandt has overseen significant developments,...

Number of Employees

6.13K

Year

2019

Total Compensation

$12.77M

Salary

$1.31M

Board Justification

The compensation philosophy focuses on aligning executive pay with performance, ensuring that a significant portion of compensation is at risk and tied to the achievement of measurable goals that drive shareholder value.

Bonus

$0.00

Board Justification

The CEO did not receive a cash bonus in 2019, but received a portion of the 2017 CEO Performance-Contingent Award as part of the Non-Equity Incentive Plan Compensation.

Other

$49.06K

Board Justification

Other compensation includes contributions to the 401(k) plan, personal security, and perquisites such as a car allowance and executive physical.

Restricted Stock

$11.41M(126.18K RSU)

Board Justification

The stock awards that vested in 2019 include RSUs and performance shares that were granted in previous years and are based on the fair market value of the stock on the vesting date.

Performance Metrics

The performance metrics for the CEO's compensation in 2019 were based on earnings targets and business unit performance metrics.

SEC Filing

From April 6, 2020

Donald E. Brandt

Ex-CEO of Pinnacle West Capital

DE

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1958 - 67 years ago

Is Founder?

No

Tenure

10 years 10 months (Mar 2008 - Jan 2019)

Previous Experience

Executive Vice President and Chief Financial Officer of Pinnacle West and President and Chief Financial Officer of Arizona Public Service Company.