Gary L. Rainwater served as the Chairman, President, and CEO of Ameren Corporation, a major energy company, from 2004 to 2009. He had a long career starting as an engineer in 1979 at Union Electric, one of Ameren's subsidiaries. Over...

Number of Employees

9.37K

Year

2009

Total Compensation

$1.67M

Salary

$450.00K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring competitive compensation relative to market standards and performance metrics.

Bonus

$272.72K

Board Justification

The bonus is based on the performance metrics of the company, specifically tied to earnings per share (EPS) targets, with a payout of 86.7% of target for 2009.

Other

$420.78K

Board Justification

Other compensation includes contributions to retirement plans and other benefits provided to the executive.

Restricted Stock

$523.95K(18.75K PSUs)

Board Justification

The vested stock represents the Performance Share Units (PSUs) earned based on the company's performance during the 2007-2009 period, with a payout of 18.5% of the original target value due to performance metrics.

Performance Metrics

The performance metrics for determining compensation included earnings per share (EPS) targets and overall company performance relative to peers.

SEC Filing

From March 10, 2010

Gary L. Rainwater

Ex-CEO of Ameren

GL

Education

Bachelor's degree in Electrical Engineering from the University of Missouri

Field of Expertise

Technology & Engineering - Engineering

Born

December 1, 1945 - 79 years ago

Is Founder?

No

Tenure

6 years 3 months (Jan 2004 - Apr 2010)

Previous Experience

Various executive roles at Ameren