James P. Torgerson served as the CEO of Avangrid, a key player in the energy sector, from January 2016 until his retirement on June 23, 2020. Under his leadership, the company focused on sustainable energy solutions and significant capital investments,...

Current Market Cap

$13.92B

Number of Employees

8K

Total Compensation

2016 - 2020

Trending up by 116.48% last year
Showing total compensation for the last 2016 - 2020

Stock

Up by 6472.23% last year

Salary

Up by 0.32% last year

Bonus

Down by -67.45% last year

Other

Up by 67.23% last year

Year

2020

Total Compensation

$4.99M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly talented professionals while aligning with long-term business goals and values, without encouraging excessive risk-taking.

Bonus

$280.43K

Board Justification

Annual cash incentive based on performance metrics under the Executive Variable Pay Plan (EVP Plan) for the period prior to retirement.

Other

$335.63K

Board Justification

Includes contributions to the 401(k) plan, deferred compensation contributions, and other benefits.

Restricted Stock

$3.18M(76.87K common stock)

Board Justification

Represents the stock awards that vested during 2020, including performance stock units and phantom units.

Performance Metrics

Performance metrics for the EVP Plan included adjusted earnings per share, operational efficiency, and other financial and operational goals.

SEC Filing

From April 16, 2021