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...

Current Market Cap

$25.62B

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

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