Summary
This 8-K/A filing from Dominion Energy, Inc. (D) announces a key executive appointment and compensation adjustment. Effective November 1, 2018, James R. Chapman will be promoted to Senior Vice President, Chief Financial Officer, and Treasurer. This promotion comes with a new annual base salary of $553,087 and an annual incentive plan target of 90% of his base salary. Furthermore, Mr. Chapman will be eligible for awards under the Company's 2019 long-term incentive plan, with the exact amount to be determined by the Compensation, Governance and Nominating Committee. He will also participate in the standard benefit plans offered to other executive officers. This information is crucial for investors assessing leadership changes and the associated compensation structure, which can signal the company's confidence in its financial leadership and its approach to executive remuneration.
Key Highlights
- 1James R. Chapman promoted to Senior Vice President, Chief Financial Officer, and Treasurer, effective November 1, 2018.
- 2New annual base salary for Mr. Chapman will be $553,087.
- 3Annual incentive plan target set at 90% of Mr. Chapman's base salary.
- 4Mr. Chapman is eligible for awards under the 2019 long-term incentive plan.
- 5The specific amount of the long-term incentive award will be determined by the Compensation, Governance and Nominating Committee.
- 6Mr. Chapman will participate in existing executive benefit plans.