Pinnacle West Capital CEO Jeffrey Guldner's 2020 pay jumps 76% to $6.8M

Pinnacle West Capital reports 2020 executive compensation

By ExecPay News

Published: April 1, 2021

Pinnacle West Capital reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, six executives at Pinnacle West Capital received on average a compensation package of $3.3M, a 8% increase compared to previous year.
Average pay of disclosed executives at Pinnacle West Capital
Jeffrey B. Guldner, Chief Executive Officer, received $6.8M in total, which increased by 76% compared to 2019. 48% of Guldner's compensation, or $3.3M, was in stock awards. Guldner also received $857K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.1M in salary, as well as $24K in other compensation.
For fiscal year 2020, the median employee pay was $144,397 at Pinnacle West Capital. Therefore, the ratio of Jeffrey B. Guldner's pay to the median employee pay was 47 to one.
Daniel T. Froetscher, Chief Operating Officer, received a compensation package of $3.8M, which increased by 17% compared to previous year. 38% of the compensation package, or $1.4M, was of change in pension value and nonqualified deferred compensation earnings.
James R. Hatfield, Chief Administrative Officer, earned $3.5M in 2020, a 13% increase compared to previous year.
Maria L. Lacal, Executive Vice President, Chief Nuclear Officer Palo Verde Generating Station, APS, received $2.4M in 2020.
Robert E. Smith, General Counsel, earned $2.2M in 2020, a 1% increase compared to previous year.
Theodore N. Geisler, Chief Financial Officer, received $1.3M in 2020.

Related executives

Jeffrey Guldner

Pinnacle West Capital

Chief Executive Officer

James Hatfield

Pinnacle West Capital

Chief Executive Officer

Theodore Geisler

Pinnacle West Capital

Chief Financial Officer

Daniel Froetscher

Pinnacle West Capital

Chief Operating Officer

Maria Lacal

Pinnacle West Capital

Executive Vice President, Chief Nuclear Officer Palo Verde Generating Station, APS

Robert Smith

Pinnacle West Capital

General Counsel

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Source: SEC filing on April 1, 2021.