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Scott M. Prochazka served as the CEO of CenterPoint Energy from August 1, 2016, until February 19, 2020. His time at the company was marked by strong financial performance, and in 2018, he earned a notable total compensation of nearly...

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Scott M. Prochazka

Ex-CEO of CenterPoint Energy

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Utilities

CEO of CenterPoint Energy for

6 years 1 month (Jan 2014 - Feb 2020)

Previous Experience

Unknown

Holdings

See how much did Scott M. Prochazka make over time.

During Scott M. Prochazka's tenure at CenterPoint Energy, his stock holdings saw substantial fluctuations. In September 2019, his holdings reached a peak value of approximately $12.79 million, indicating a strong market presence and confidence in the company's performance. However, as...

Total Stock Sold

$3.86M

CNP

$3.86M

137,000 CNP shares

What if they kept their stock?

If Scott M. Prochazka didn't sell their stock, today they would have:
Extra CNP137,000 shares worth $2.10M.
This is -45.73% and $1.77M less than what they got when they sold the stock.

Charitable Transactions

CNP

21,800 shares

CNP

Recent Charitable Transactions

CNP

10,000 shares

CNP

Dec 31, 2019

Charity

CNP

6,950 shares

CNP

Dec 31, 2017

Charity

CNP

4,850 shares

CNP

Dec 31, 2016

Charity

Insider Trading

See recent insider trades of Scott M. Prochazka.

CNP

$186.41K

CNP at $26.63/share

Feb 3, 2020

Sale

CNP

$187.81K

CNP at $26.83/share

Jan 2, 2020

Sale

CNP

$171.50K

CNP at $24.50/share

Dec 2, 2019

Sale

CNP

$203.14K

CNP at $29.02/share

Nov 1, 2019

Sale

CNP

$210.42K

CNP at $30.06/share

Oct 1, 2019

Sale

CNP

$194.88K

CNP at $27.84/share

Sep 3, 2019

Sale

CNP

$203.21K

CNP at $29.03/share

Aug 1, 2019

Sale

CNP

$198.80K

CNP at $28.40/share

Jul 1, 2019

Sale

CNP

$198.80K

CNP at $28.40/share

Jun 3, 2019

Sale

CNP

$216.30K

CNP at $30.90/share

May 1, 2019

Sale

Compensation History

See how much did Scott M. Prochazka make over time.

Scott M. Prochazka's compensation during his time as CEO of CenterPoint Energy was significant, particularly in 2018, when he received $8,887,981. This amount included a salary of $1,245,000 but was largely driven by stock awards that would have vested based on performance. His compensation structure was heavily tied to the company's financial success, with detailed metrics focused on profit and earnings per share. However, in 2020, due to his departure, his compensation for that year was just a lump-sum payment of $7,348,584. This represented his severance and was based on his previous salary and incentive plans. Overall, his compensation packages highlight the intricate balance between leadership performance and shareholder value, aiming to retain top-tier talent in the energy sector.

Year

2020

Total Compensation

$8.67M

Salary

$1.32M

Board Justification

The compensation philosophy aims to align executive compensation with performance and shareholder interests, focusing on market-based compensation and pay-for-performance principles.

Bonus

$0.00

Board Justification

No short-term incentive plan payment due to departure before eligibility.

Other

$7.35M

Board Justification

Lump-sum cash payment of $7,348,584 upon separation, representing two years of salary and short-term incentive plan awards at target, including an amount equal to his short-term incentive plan award for the 2019 performance year at 92% of funding.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2020 as Mr. Prochazka departed before any awards could vest.

Performance Metrics

No performance metrics applicable for 2020 due to departure before the performance period.

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