John W. Somerhalder II has been a key figure at FirstEnergy Corp, stepping into the role of Interim President and CEO in 2022 while previously serving as Vice Chair and Executive Director. His leadership at FirstEnergy has been marked by...

John W. Somerhalder II has been a key figure at FirstEnergy Corp, stepping into the role of Interim President and CEO in 2022 while previously serving as Vice Chair and Executive Director. His leadership at FirstEnergy has been marked by efforts to rebuild stakeholder trust and strengthen governance and compliance. Under his tenure, the company navigated through challenges and saw a focus on performance metrics linked to business objectives and shareholder value. His compensation in 2023 totaled around $4.5 million, reflecting his interim position but including elements like a salary and health benefits.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CenterPoint Energy CEOs

C

John W. Somerhalder II

Ex-CEO of CenterPoint Energy

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Utilities

CEO of CenterPoint Energy for

0 years 4 months (Feb 2020 - Jul 2020)

Previous Experience

Interim President and CEO of Colonial Pipeline Company, President and CEO of AGL Resources Inc.

Rivals

Competitors/colleagues of John W. Somerhalder II

A

Michael E. Haefner

CEO of Atmos Energy

2023 Compensation

Stock

$5.15M

Salary

$1.04M

Bonus

$1.52M

Other

$14.55K

Total Holdings

$19.41M

A

Warner L. Baxter

CEO of Ameren

2021 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$158.48K

Total Holdings

$23.31M

C

Patricia Kessler Poppe

CEO of CMS Energy

2023 Compensation

Stock

$0.00

Salary

$1.24M

Bonus

$1.95M

Other

$23.85K

Total Holdings

$26.21M

E

David A. Campbell

CEO of Evergy

2023 Compensation

Stock

$940.54K

Salary

$1.06M

Bonus

$0.00

Other

$60.80K

Total Holdings

$26.23M

N

Lloyd Yates

CEO of NiSource

2023 Compensation

Stock

$0.00

Salary

$1.04M

Bonus

$2.50M

Other

$466.59K

Total Holdings

$10.10M

W

Scott J. Lauber

CEO of WEC Energy Group

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$504.54K

Total Holdings

$5.61M

Holdings

See how much did John W. Somerhalder II make over time.

As of recent data, Somerhalder has shown significant insider trading activity, especially in 2023. Notably, he reported transactions worth over $9 million during the first half of the year, indicating fluctuating stockholder confidence and market movements. In December 2021, his...

As of recent data, Somerhalder has shown significant insider trading activity, especially in 2023. Notably, he reported transactions worth over $9 million during the first half of the year, indicating fluctuating stockholder confidence and market movements. In December 2021, his holdings reached a peak with over $5 million in value, showcasing his investment commitment during his service. His trading patterns have varied, with highs of up to $10 million in 2024, which reveals a sharp focus on maximizing his stake in the company as it strives for recovery and growth in a competitive environment.

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Insider Trading

See recent insider trades of John W. Somerhalder II.

FE

$64.98K

FE at $39.99/share

Jan 2, 2025

Received

FE

$64.93K

FE at $44.41/share

Oct 1, 2024

Received

FE

$64.95K

FE at $38.48/share

Jul 1, 2024

Received

FE

$64.97K

FE at $38.33/share

Apr 1, 2024

Received

FE

74,220 shares

FE

Mar 1, 2024

Received

FE

$64.98K

FE at $36.92/share

Jan 2, 2024

Received

FE

$64.96K

FE at $33.21/share

Oct 2, 2023

Received

FE

$21.42K

FE at $38.87/share

Jul 3, 2023

Received

FE

85,285 shares

FE

Jan 4, 2023

Received

FE

53,260 shares

FE

Oct 28, 2022

Received

Compensation History

See how much did John W. Somerhalder II make over time.

In 2023, John W. Somerhalder II's total compensation package was valued at approximately $4.5 million. This included a base salary of around $519,231, but no bonuses or stock grants, mostly due to his interim role. His compensation reflects a clear connection between performance metrics and compensation philosophy at FirstEnergy, designed to keep executives aligned with company goals and shareholder interests. Previous years, like 2022, saw varied compensation as he transitioned through different leadership roles, highlighting his evolving influence as the company adapted to new challenges and market demands.

Year

2023

Total Compensation

$9.58M

Salary

$1.50M

Board Justification

The compensation philosophy focuses on aligning executive compensation with performance, ensuring market competitiveness, and retaining key talent.

Bonus

$0.00

Board Justification

The short-term incentive plan for 2023 was based on achieving a non-GAAP Adjusted EPS goal, with a maximum payout of 200% of target, but was reduced to 175% due to negative discretion exercised by the Compensation Committee.

Other

$742.42K

Board Justification

Other compensation includes various benefits such as security-related services and financial planning services.

Restricted Stock

$7.34M(256.93K RSU)

Board Justification

The stock awards that vested in 2023 include 256,934 shares that were granted in previous years and vested on December 31, 2023.

Performance Metrics

The performance metrics for 2023 included non-GAAP Adjusted EPS and diversity, equity, and inclusion goals.

Other CenterPoint Energy CEOs

Here are other CEOs of CenterPoint Energy

Scott M. Prochazka

Ex-CEO of CenterPoint Energy

January 2014 - February 2020

David J. Lesar

Ex-CEO of CenterPoint Energy

July 2020 - January 2024