Pinnacle West Capital CEO Jeffrey Guldner's 2021 pay rises 18% to $8.1M
Pinnacle West Capital reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Pinnacle West Capital reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, five executives at Pinnacle West Capital received on average a compensation package of $3.9M, a 17% increase compared to previous year.
Average pay of disclosed executives at Pinnacle West Capital
Jeffrey B. Guldner, Chief Executive Officer, received $8.1M in total, which increased by 18% compared to 2020. 50% of Guldner's compensation, or $4.1M, was in stock awards. Guldner also received $1.1M of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1.1M in salary, as well as $31K in other compensation.
For fiscal year 2021, the median employee pay was $136,805 at Pinnacle West Capital. Therefore, the ratio of Jeffrey B. Guldner's pay to the median employee pay was 59 to one.
James R. Hatfield, Chief Executive Officer, received a compensation package of $4.3M, which increased by 23% compared to previous year. 29% of the compensation package, or $1.3M, was in stock awards.
Maria L. Lacal, Executive Vice President, Chief Nuclear Officer Palo Verde Generating Station, APS, earned $2.8M in 2021, a 17% increase compared to previous year.
Robert E. Smith, General Counsel, received $2.3M in 2021, which increases by 5% compared to 2020.
Theodore N. Geisler, Chief Financial Officer, earned $2.1M in 2021, a 58% increase compared to previous year.
Related executives
Jeffrey Guldner
Pinnacle West Capital
Chief Executive Officer
Theodore Geisler
Pinnacle West Capital
Chief Financial Officer
James Hatfield
Pinnacle West Capital
Chief Executive 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 5, 2022.