Ralph A. LaRossa has been steering the ship at Public Service Enterprise Group (PSEG) since he took the position of CEO in January 2020. He has a strong background in the utility industry, having joined PSEG as an associate engineer back in 1985. Over the years, he climbed through various roles, including President and Chief Operating Officer of Public Service Electric and Gas Company, demonstrating a real depth of experience in both gas and electric operations. His leadership style focuses on aligning executive pay with performance metrics, aiming for better returns for shareholders while also ensuring accountability. In 2023, Ralph's total compensation was approximately $11.17 million, reflecting his impactful contributions to the company's success. Interestingly, he has seen fluctuations in his stock holdings, peaking dramatically at nearly $34 million in 2022 before settling around $6 million. LaRossa's decisions are closely linked to rigorous performance numbers, like earnings per share, which guide how bonuses are awarded. His journey, from engineer to CEO, paints a picture of commitment and strategic growth for PSEG's future in the energy sector.

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Ralph A. LaRossa

CEO of Public Service Enterprise Group

Sector of Economy

Utilities

Born

January 1, 1963 - 62 years ago

CEO of Public Service Enterprise Group for

5 years 3 months (Jan 2020 - Present)

Previous Experience

President and Chief Operating Officer of PSEG Power LLC since 2017, served as President and Chief Operating Officer of Public Service Electric and Gas Company since 2006.

Rivals

Competitors/colleagues of Ralph A. LaRossa

Warner L. Baxter

CEO of Ameren

2021 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$158.48K

Total Holdings

$23.31M

Patricia Kessler Poppe

CEO of CMS Energy

2023 Compensation

Stock

$0.00

Salary

$1.24M

Bonus

$1.95M

Other

$23.85K

Total Holdings

$26.21M

Timothy Cawley

CEO of Consolidated Edison

2023 Compensation

Stock

$11.43M

Salary

$1.35M

Bonus

$2.26M

Other

$79.60K

Total Holdings

$23.63M

David A. Campbell

CEO of Evergy

2023 Compensation

Stock

$940.54K

Salary

$1.06M

Bonus

$0.00

Other

$60.80K

Total Holdings

$26.23M

Lloyd Yates

CEO of NiSource

2023 Compensation

Stock

$0.00

Salary

$1.04M

Bonus

$2.50M

Other

$466.59K

Total Holdings

$10.10M

Sean Trauschke

CEO of OGE Energy

2023 Compensation

Stock

$0.00

Salary

$1.16M

Bonus

$1.49M

Other

$154.25K

Total Holdings

$24.83M

Holdings

See how much did Ralph A. LaRossa make over time.

Ralph A. LaRossa's stock holdings have seen significant ups and downs over the years. At their peak in 2022, his holdings soared to around $34 million, reflecting a strong market performance. In 2023, as of the latest data, his holdings are estimated to be approximately $6 million, showing a notable decrease. Throughout 2023, LaRossa has actively traded shares, with monthly fluctuations, reaching up to $8.67 million in July 2023. His trading pattern shows a trend of taking some profits, likely while maintaining a substantial stake in PSEG. This type of activity highlights both the risks and rewards of working in a highly regulated industry like utilities, where operational decisions directly impact shareholder value.

Jan 24, 2025

PEG @ $88.05

Total Stock Sold

$23.11M

PEG

$23.11M

464,903 PEG shares

What if they kept their stock?

If Ralph A. LaRossa didn't sell their stock, today they would have:
Extra PEG464,903 shares worth $24.02M.
This is 3.95% and $911.52K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Ralph A. LaRossa.

PEG

$229.02K

PEG at $83.10/share

Feb 3, 2025

Sale

PEG

$117.01K

PEG at $84.91/share

Jan 2, 2025

Sale

PEG

$128.09K

PEG at $92.96/share

Dec 2, 2024

Sale

PEG

$121.92K

PEG at $88.47/share

Nov 1, 2024

Sale

PEG

$124.30K

PEG at $90.20/share

Oct 1, 2024

Sale

PEG

$111.19K

PEG at $80.69/share

Sep 3, 2024

Sale

PEG

$111.82K

PEG at $81.15/share

Aug 26, 2024

Sale

PEG

$102.96K

PEG at $74.99/share

Jun 3, 2024

Sale

PEG

$95.57K

PEG at $69.55/share

May 1, 2024

Sale

PEG

$91.19K

PEG at $66.37/share

Apr 1, 2024

Sale

Compensation History

See how much did Ralph A. LaRossa make over time.

In 2023, Ralph A. LaRossa's total compensation reached $11.18 million, which includes his base salary of $1.29 million and a performance-based bonus of $1.83 million. His bonus is linked to a Management Incentive Compensation Plan that emphasizes key performance metrics, aligning closely with the company’s financial success. He also received $2.49 million in vested stock, showcasing the importance of long-term incentives in his pay structure, designed to motivate high performance. Interestingly, in 2022, his total compensation was about $1.99 million, demonstrating a substantial increase reflecting his expanded responsibilities as CEO. This compensation strategy not only rewards him for past performance but also encourages future success, ensuring he and PSEG remain aligned moving forward.

Year

2023

Total Compensation

$5.66M

Salary

$1.29M

Board Justification

The compensation philosophy aligns executive pay with performance metrics and market benchmarks to attract and retain top talent while ensuring accountability and alignment with shareholder interests.

Bonus

$1.83M

Board Justification

The bonus is awarded under the Management Incentive Compensation Plan (MICP) based on performance metrics for the year 2023.

Other

$40.67K

Board Justification

Other compensation includes perquisites and personal benefits such as automobile expenses, physical examinations, and 401(k) matching contributions.

Restricted Stock

$2.49M(40.74K RSU)

Board Justification

The RSUs vested in 2023 are based on the annual grant schedule, with each RSU vesting 1/12th per month for retirement eligible participants.

Performance Metrics

The performance metrics for 2023 included financial and operational goals, with a strong emphasis on non-GAAP EPS.

Other Public Service Enterprise Group CEOs

Here are other CEOs of Public Service Enterprise Group

Ralph Izzo

CEO of Public Service Enterprise Group

October 2006 - Invalid Date