Summary
This 8-K filing from CenterPoint Energy, Inc. (CNP) details the compensation arrangements for Scott E. Doyle upon his appointment as Executive Vice President, Utility Operations, effective January 1, 2022. The Compensation Committee approved a base annual salary of $600,000, commencing March 28, 2022. This appointment and associated compensation are significant as they reflect the company's commitment to leadership in key operational roles.
Key Highlights
- 1Scott E. Doyle's compensation package for his role as Executive Vice President, Utility Operations has been finalized.
- 2Mr. Doyle will receive a base annual salary of $600,000, effective March 28, 2022.
- 3His short-term incentive target award is set at 75% of his base salary.
- 4His long-term incentive target award is set at a substantial 250% of his base salary.
- 5These compensation details are effective subsequent to the reporting date of February 15, 2022.
Frequently Asked Questions
The primary purpose of this 8-K filing is to disclose the specific compensation arrangements approved for Scott E. Doyle in his new role as Executive Vice President, Utility Operations.
Mr. Doyle's new base annual salary of $600,000 is effective March 28, 2022.
Mr. Doyle's short-term incentive target award level is 75% of his base annual salary, and his long-term incentive target award level is 250% of his base annual salary.
Yes, Scott E. Doyle was appointed Executive Vice President, Utility Operations effective January 1, 2022. This filing details the compensation approved for that role.