Paul D. Koonce served as the CEO of Dominion Energy from January to December 2019. He stepped down to become a strategic advisor for the company until early 2020. Under his leadership, Dominion Energy made significant strides in performance, with...

Number of Employees

0

Year

2019

Total Compensation

$1.64M

Salary

$855.00K

Board Justification

The compensation philosophy aligns executive management’s interests with those of shareholders, customers, and other stakeholders, emphasizing performance-based pay.

Bonus

$781.47K

Board Justification

The 2019 Annual Incentive Plan (AIP) was funded at 110% due to above-target consolidated EPS performance.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary, bonus, and performance grants.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2019 as the grants are based on a three-year performance period and the next vesting date is February 1, 2022.

Performance Metrics

The performance metrics for 2019 included consolidated operating EPS and safety, diversity, and environmental goals.

SEC Filing

From March 25, 2020