Sundar PichaiSundar Pichai earned $164M in 2023
Q

Earl C. Austin, Jr.

CEO of Quanta Services

Education

Bachelor of Arts in Business Management

Field of Expertise

Business & Management

Born

January 1, 1970 - 55 years ago

Economy Sector

Industrials

Current Tenure

8 years 11 months (Mar 2016 - Present)

Previous Experience

Chief Executive Officer of Quanta Services, Inc.

Earl C. Austin, Jr. has been the CEO of Quanta Services since March 2016, after a long journey through various roles within the company. He started as the President of the Electric Power Division and the Natural Gas and Pipeline...

Year

2023

Total Compensation

$34.46M

Salary

$1.29M

Board Justification

Quanta's compensation philosophy is designed to attract, motivate, and retain executives by aligning their interests with those of stockholders, focusing on performance-based incentives and long-term value creation.

Bonus

$2.45M

Board Justification

The total payout to Mr. Austin under the 2023 annual incentive plan was based on the company's overall performance, resulting in an achievement percentage of 125.8%.

Other

$321.33K

Board Justification

Other compensation includes 401(k) matching contributions, perquisites such as personal use of corporate aircraft, and other benefits.

Restricted Stock

$30.40M(137.99K RSU)

Board Justification

The stock awards that vested in 2023 include shares associated with RSU awards and PSUs that became earned and vested based on performance metrics for the 3-year period ending December 31, 2023.

Performance Metrics

The performance metrics for determining Mr. Austin's compensation included financial performance targets such as Adjusted EBITDA and safety performance improvement.