Julia A. Sloat is the CEO of American Electric Power Company (AEP), one of the largest regulated utilities in the U.S. She took the helm on January 1, 2023, following roles as President and CFO, where she laid the groundwork...

Current Market Cap

$49.82B

Number of Employees

16.8K

Total Compensation

2023 - 2023

Trending up by 0.00% last year
Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$4.55M

Salary

$1.20M

Board Justification

AEP's compensation philosophy aims to attract, retain, and motivate executives through market-competitive compensation, aligning executive interests with shareholder value through performance-based incentives.

Bonus

$787.50K

Board Justification

Annual incentive compensation based on performance metrics including operating earnings per share and safety compliance, resulting in a payout of 56.1% of target opportunity for 2023.

Other

$114.46K

Board Justification

Includes retirement savings plan match, supplemental retirement savings plan match, relocation expenses, and perquisites such as financial counseling services.

Restricted Stock

$2.45M(28.67K Performance Shares)

Board Justification

Performance shares that vested in 2023 based on the performance period from 2021 to 2023, calculated using the market value of AEP common stock on the vesting date.

Performance Metrics

Operating earnings per share, safety compliance, and strategic initiatives.

SEC Filing

From March 13, 2024