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.

CenterPoint EnergyFebruary 2020 - June 2020

Current Market Cap

$23.93B

Number of Employees

12.04K

Total Compensation

2020 - 2023

Trending down by -81.43% last year

Showing total compensation for the last 2020 - 2023

Stock

Down by -100.00% last year

Salary

Down by -18.45% last year

Bonus

Down by -100.00% last year

Other

Down by -67.39% last year

2023 2022 2021 2020

Year

2023

Total Compensation

$559.84K

Salary

$519.23K

Board Justification

The compensation philosophy aligns with performance metrics and is designed to attract and retain qualified executives while promoting shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as Mr. Somerhalder was in an interim role and the bonus structure was not applicable.

Other

$40.61K

Board Justification

Includes contributions to health care, life insurance premiums, and personal aircraft usage.

Restricted Stock

$0.00(0 RSUs)

Board Justification

No stock awards vested in 2023 as the performance-adjusted RSUs were not applicable during his interim role.

Performance Metrics

The performance metrics for 2023 were based on cumulative operating EPS and relative TSR against a peer group.

SEC Filing

From March 29, 2024

View SEC Filing

John W. Somerhalder II

Ex-CEO of FirstEnergy

Education

Field of Expertise

Born

Invalid Date - 0 years ago

Is Founder?

Tenure

2 years 7 months (Oct 2020 - May 2023)

Previous Experience

Unknown

View Holdings

Insider Holdings of John W. Somerhalder II

$6.25M

-$4.79M (-43.39%)

Last Insider Trade

$64.95K

FE at $38.48/share

Jul 1, 2024

Received

Predecessor

Anthony J. Alexander

January 2004 - May 2020

Successor

Brian X. Tierney

June 2023 - July 2024