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Val J. Christensen is the former CEO of Eversource Energy, a major utility company where he played a key role from 2010 to 2012. He has a strong educational background with a Bachelor of Arts degree and a Juris Doctorate...

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Val J. Christensen

Ex-CEO of Eversource Energy

Education

Bachelor of Arts degree and a Juris Doctorate from Brigham Young University

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Utilities

Born

January 1, 1953 - 72 years ago

CEO of Eversource Energy for

2 years 3 months (Feb 2010 - Jun 2012)

Previous Experience

President of the Company, Executive Vice President and General Counsel and Corporate Secretary of the Company, Executive Vice President and General Counsel at Franklin Covey Co.

Holdings

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Val J. Christensen held a substantial stake in Eversource Energy, with 614,586 shares to his name as of 2011. His holdings were mostly tied to stock options, signaling his confidence in the company’s future. Notably, he had a significant number...

Mar 18, 2025

Insider Trading

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ES

226,000 shares

ES

Feb 29, 2012

Received

ES

257,250 shares

ES

Feb 15, 2011

Received

Compensation History

See how much did Val J. Christensen make over time.

Val J. Christensen's compensation during his time at Eversource Energy varied significantly. In 2012, he earned around $4.3 million, with about $822,000 coming from his base salary. His compensation structure was heavily performance-based, meaning he was rewarded for hitting specific financial targets set by the board. Notably, in 2011, he received a substantial bonus of $1.1 million, which was largely a result of surpassing corporate performance goals. However, during his initial years, there were no discretionary bonuses because the focus was on cash incentives rather than stock awards. This shows a clear alignment of his financial incentives with the company's performance, as his pay was closely tied to the company's success and operational goals. His compensation also included various benefits, such as healthcare and financial planning, which added value beyond his cash salary.

Year

2012

Total Compensation

$909.84K

Salary

$822.41K

Board Justification

The compensation program aims to attract and retain superior executive talent, motivate executives to achieve performance goals, and provide competitive compensation opportunities.

Bonus

$0.00

Board Justification

No discretionary bonus awards were made to any of the Named Executive Officers in the fiscal years ended 2010, 2011 and 2012.

Other

$87.42K

Board Justification

Includes financial planning services valued at $6,400; health services valued at $6,400; and $8,779 paid by the Company for Company-leased vehicles.

Restricted Stock

$0.00(0 RSUs)

Board Justification

No stock awards were vested for Thomas J. May in 2012 as he became a Named Executive Officer upon the completion of the Merger on April 10, 2012.

Performance Metrics

The annual incentive program and long-term incentive program are provided under the Northeast Utilities Incentive Plan, which was approved by shareholders.

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