Pedro Azagra Blázquez is the CEO of Avangrid, Inc. and was appointed to the role in March 2022 after serving as the Chief Development Officer of Iberdrola for 14 years. He holds a unique blend of education with a business...

Current Market Cap

$13.82B

Number of Employees

8K

Total Compensation

2022 - 2022

Trending up by 0.00% last year
Showing total compensation for the last 2022 - 2022

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

2022

Total Compensation

$1.47M

Salary

$641.35K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly talented professionals while aligning with long-term business goals and values, without encouraging excessive risk-taking.

Bonus

$639.40K

Board Justification

Includes a one-time sign-on bonus and the portion of EVP plan payout with respect to performance assessment conducted by the board.

Other

$189.54K

Board Justification

Includes relocation expenses, tax gross-up on sign-on bonus, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as he was granted RSUs that vest in 2023 and 2024.

Performance Metrics

Adjusted net income, customer reliability, health and safety, renewables growth, and increased sustainable supplier base.

SEC Filing

From April 28, 2023