Lynn J. Good is the CEO of Duke Energy Corporation, a key energy provider in the U.S. She joined Duke Energy after it merged with Cinergy Corp., where she worked for several years in financial roles. Since becoming CEO in...

Number of Employees

27.04K

Year

2023

Total Compensation

$18.48M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes alignment with company performance, peer benchmarking, and retention strategies, focusing on long-term shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 as the adjusted EPS target was not met, resulting in a payout level of 66.25% for corporate objectives, which was applied to the short-term incentive plan.

Other

$954.87K

Board Justification

Other compensation includes retirement contributions, perquisites, and other benefits provided to the CEO.

Restricted Stock

$16.02M(116.1K Performance Shares)

Board Justification

The performance shares for the 2021-2023 cycle vested based on cumulative adjusted EPS and other performance metrics, resulting in a payout of 130.22% of the target shares.

Performance Metrics

The performance metrics for 2023 included adjusted EPS, operational excellence, customer satisfaction, and clean energy growth.

SEC Filing

From March 22, 2024

Lynn J. Good

CEO of Duke Energy

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Education

Bachelor's degree in Accounting from the University of Florida and an MBA from the University of North Carolina at Chapel Hill

Field of Expertise

Finance & Banking - Finance

Born

July 1, 1968 - 56 years ago

Is Founder?

No

Current Tenure

11 years 6 months (Jun 2013 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of Cinergy Corp.