Progress Energy CEO William Johnson's 2008 pay slips 17% to $6.4M
Progress Energy reports 2008 executive compensation
By ExecPay News
Published: March 31, 2009
Progress Energy reported fiscal year 2008 executive compensation information on March 31, 2009.
In 2008, six executives at Progress Energy received on average a compensation package of $2.9M, a 28% decrease compared to previous year.
Average pay of disclosed executives at Progress Energy
William D. Johnson, Chief Executive Officer, received $6.4M in total, which decreased by 17% compared to 2007. 49% of Johnson's compensation, or $3.1M, was in stock awards. Johnson also received $1.1M of change in pension value and nonqualified deferred compensation earnings, $929K in non-equity incentive plan, $950K in salary, as well as $305K in other compensation.
Lloyd M. Yates, Chief Executive Officer, received a compensation package of $2.5M, which increased by 8% compared to previous year. 37% of the compensation package, or $916K, was in stock awards.
Peter M. Scott III, Chief Financial Officer, earned $2.5M in 2008, a 67% decrease compared to previous year.
September 1, Mark F. Mulhern, Chief Financial Officer, received $2.3M in 2008, which increases by 25% compared to 2007.
Jeffrey J. Lyash, Chief Executive Officer, earned $2M in 2008, a 21% decrease compared to previous year.
John R. McArthur, Secretary, received $1.8M in 2008, which decreases by 25% compared to 2007.
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Source: SEC filing on March 31, 2009.