Joseph L. Welch
2011
In 2011, Joseph L. Welch earned a total compensation of $10.8M as President, CEO Director at ITC Holdings, a 12% increase compared to previous year.
Compensation breakdown
| Bonus | $1,386,602 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $5,573,426 |
| Non-Equity Incentive Plan | $1,023,750 |
| Option Awards | $478,273 |
| Salary | $880,577 |
| Stock Awards | $1,274,025 |
| Other | $215,700 |
| Total | $10,832,353 |
Welch received $5.6M of change in pension value and nonqualified deferred compensation earnings, accounting for 51% of the total pay in 2011.
Welch also received $1.4M in bonus, $1M in non-equity incentive plan, $478.3K in option awards, $880.6K in salary, $1.3M in stock awards and $215.7K in other compensation.
Rankings
In 2011, Joseph L. Welch's compensation ranked 312th out of 10,747 executives tracked by ExecPay. In other words, Welch earned more than 97.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 312 out of 10,747 | 97th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 38 out of 883 | 96th |
Major group Electric, Gas, And Sanitary Services | 12 out of 362 | 97th |
Industry group Electric Services | 9 out of 130 | 93rd |
Industry Electric Services | 9 out of 130 | 93rd |
Source: SEC filing on April 12, 2012.
Welch's colleagues
We found four more compensation records of executives who worked with Joseph L. Welch at ITC Holdings in 2011.