Dominion Resources CEO Thomas Farrell's 2019 pay rises 15% to $17M
Dominion Resources reports 2019 executive compensation
By ExecPay News
Published: March 25, 2020
Dominion Resources reported fiscal year 2019 executive compensation information on March 25, 2020.
In 2019, five executives at Dominion Resources received on average a compensation package of $6.6M, a 21% increase compared to previous year.
Average pay of disclosed executives at Dominion Resources
Thomas F. Farrell II, Chief Executive Officer, received $17M in total, which increased by 15% compared to 2018. 43% of Farrell's compensation, or $7.3M, was in non-equity incentive plan. Farrell also received $2.4M of change in pension value and nonqualified deferred compensation earnings, $1.6M in salary, $5.7M in stock awards, as well as $243K in other compensation.
For fiscal year 2019, the median employee pay was $145,136 at Dominion Resources. Therefore, the ratio of Thomas F. Farrell II's pay to the median employee pay was 119 to one.
Paul D. Koonce, Executive Vice President and Strategic Advisor, received a compensation package of $5M, which increased by 36% compared to previous year. 35% of the compensation package, or $1.7M, was of change in pension value and nonqualified deferred compensation earnings.
Diane Leopold, Chief Operating Officer, earned $4.6M in 2019, a 49% increase compared to previous year.
Robert M. Blue, Chief Operating Officer, received $4.3M in 2019, which increases by 46% compared to 2018.
James R. Chapman, Chief Financial Officer, earned $1.9M in 2019, a 48% increase compared to previous year.
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Source: SEC filing on March 25, 2020.