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Thomas E. Capps is an experienced leader in the energy sector, having served as the CEO and Chairman of Dominion Energy, a major energy company in the United States. He joined Dominion in 1984, after a career in law, bringing...

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Thomas E. Capps

Ex-CEO of Dominion Energy

Sector of Economy

Utilities

Born

July 30, 2024 - 0 years ago

CEO of Dominion Energy for

1 year 0 months (Apr 2005 - Apr 2006)

Previous Experience

Unknown

Holdings

See how much did Thomas E. Capps make over time.

At the time of his leadership, Capps held significant shares in Dominion Energy, indicating his belief in the company’s growth. He reported beneficial ownership of about 486,508 common shares plus holdings equivalent to stock options and restricted stock. His options...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Thomas E. Capps make over time.

In terms of compensation, Capps earned a sizable amount as CEO, with a total in excess of $1.7 million in 2006. This included a base salary of $1 million and a bonus of about $1.17 million, tied to the company's performance metrics. There's also an interesting detail about his compensation philosophy: Dominion aimed to align executive pay with performance, driving incentives based around tangible measures. His compensation reflected not just his role but also the company's targets, making it clear that top executives are rewarded for achieving well-defined goals.

Year

2006

Total Compensation

$2.73M

Salary

$1.00M

Board Justification

The compensation program is designed to attract, motivate, and retain a superior management team, aligning management's financial success with that of shareholders through performance-based incentives.

Bonus

$1.17M

Board Justification

Based on the achievement of consolidated earnings goals, funded at 106% of target due to performance metrics.

Other

$560.07K

Board Justification

Includes perquisites, life insurance premiums, tax gross-ups, and matching contributions to the employee savings plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2006 as all stock awards were granted prior to this year and are not included in the total compensation calculation.

Performance Metrics

The performance metrics for the CEO's compensation in 2006 were based on consolidated earnings goals.

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