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Kevin Burke was the CEO of Consolidated Edison, Inc., a major utility company, from 2005 until his retirement in 2013. Burke has had a significant impact on the company during his tenure, with a focus on aligning executive compensation with...

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Kevin Burke

Ex-CEO of Consolidated Edison

Education

Not specified

Sector of Economy

Utilities

Born

January 1, 1960 - 65 years ago

CEO of Consolidated Edison for

8 years 3 months (Sep 2005 - Dec 2013)

Previous Experience

President and Chief Operating Officer of Con Edison of New York

Holdings

See how much did Kevin Burke make over time.

Kevin Burke's insider trading data reveals patterns showcasing strategic moving of his company's stock. For instance, from September 2019 to March 2024, his reported holdings varied between $5.22 million and $9.07 million, indicating active management of his investments, likely in...

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Total Stock Sold

$32.33M

ED

$32.33M

539,000 ED shares

What if they kept their stock?

If Kevin Burke didn't sell their stock, today they would have:
Extra ED539,000 shares worth $43.69M.
This is 35.14% and $11.36M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Kevin Burke.

ED

$9.94M

ED at $62.10/share

Nov 13, 2014

Sale

ED

$2.49M

ED at $62.25/share

Nov 12, 2014

Sale

ED

$120.00K

ED at $54.30/share

May 20, 2014

Received

ED

796 shares

ED

Dec 26, 2013

Received

HON

$109.20K

HON at $54.60/share

Nov 15, 2011

Purchase

ED

$19.96M

ED at $58.86/share

Nov 8, 2011

Sale

Compensation History

See how much did Kevin Burke make over time.

During his tenure as CEO from 2005 to 2013, Kevin Burke experienced various compensation levels, peaking at $12.6 million in 2011. This included a substantial salary and performance-based bonuses tied to the company's financial success. It's notable that in 2010, he did not receive any bonuses, showcasing the relationship between company performance and executive pay. His total compensation was structured to align with the company's performance metrics, including adjusted net income and operational objectives. This model indicates a strategic approach to executive compensation, aiming to motivate executives while ensuring shareholder interests were prioritized. Burke also enjoyed other forms of compensation, such as stock options and benefits, adding to his overall earnings during his time at Con Edison.

Year

2013

Total Compensation

$6.75M

Salary

$1.24M

Board Justification

The compensation philosophy aims to attract and retain key executives critical to the Company’s long-term success, aligning pay to performance and being competitive with median compensation levels in the industry.

Bonus

$0.00

Board Justification

No bonus was awarded for 2013 as Mr. Burke retired on December 25, 2013.

Other

$199.50K

Board Justification

Includes personal use of company vehicle, driver costs, financial planning, supplemental health insurance, company matching contributions to the savings plan, and accrued vacation pay.

Restricted Stock

$5.31M(96.2K performance restricted stock units)

Board Justification

Represents the number of shares acquired upon vesting of performance restricted stock units for the 2011-2013 performance period.

Performance Metrics

The performance metrics included adjusted net income and other financial performance objectives, which were critical to the Company's business performance.

Other Consolidated Edison CEOs

Here are other CEOs of Consolidated Edison