Sundar PichaiSundar Pichai earned $164M in 2023
P

William H. Spence

Ex-CEO of PPL

Education

Bachelor's degree in Electrical Engineering from the University of Delaware

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1958 - 67 years ago

Economy Sector

Utilities

Tenure

3 years 11 months (Jun 2016 - May 2020)

Previous Experience

Executive Vice President and Chief Operating Officer of PPL Corporation

William H. Spence served as the CEO of PPL Corporation from June 1, 2016, to May 31, 2020. Coming from a solid engineering background, he holds a Bachelor’s degree in Electrical Engineering from the University of Delaware, which laid the...

Year

2020

Total Compensation

$8.84M

Salary

$561.44K

Board Justification

PPL Corporation's compensation philosophy is designed to align executive compensation with performance and shareholder interests, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2020.

Other

$2.57M

Board Justification

This includes retirement benefits, matching contributions, and other perquisites.

Restricted Stock

$5.71M(5.71M RSU)

Board Justification

This amount represents the value of stock awards that vested during 2020, including performance units and restricted stock units.

Performance Metrics

Compensation is based on earnings per share, net income from ongoing operations, operational goals, total shareholder return, and return on equity.