CenterPoint Energy reports 2018 executive compensation

CEO Scott M. Prochazka receives $8.9M

CenterPoint Energy reported fiscal year 2018 executive compensation information on March 14, 2019.

In 2018, five executives at CenterPoint Energy received on average a compensation package of $3,589,607, a 6% increase compared to previous year.

Average pay of disclosed executives at CenterPoint Energy

Scott M. Prochazka, Chief Executive Officer, received $8,887,981 in total, which increased by 11% compared to 2017. 61.67% of Prochazka's compensation, or $5,480,987, was in stock awards. Prochazka also received $96,842 of change in pension value and nonqualified deferred compensation earnings, $1,875,593 in non-equity incentive plan, $1,245,000 in salary, as well as $189,559 in other compensation.

For fiscal year 2018, the median employee pay was $97,572 at CenterPoint Energy. Therefore, the ratio of Scott M. Prochazka's pay to the median employee pay was 91 to one.

Milton Carroll, Chairman, received a compensation package of $2,886,483, which increased by 6% compared to previous year. 73.79% of the compensation package, or $2,130,007, was in stock awards.

William D. Rogers, Chief Financial Officer, earned $2,253,494 in 2018, a 3% decrease compared to previous year.

Tracy B. Bridge, Executive Vice President and President Electric Division, received $2,048,467 in 2018, which increases by 1% compared to 2017.

Dana C. O'Brien, General Counsel, earned $1,871,608 in 2018, a 4% increase compared to previous year.