Joseph L. Welch
2010
In 2010, Joseph L. Welch earned a total compensation of $9.6M as President, CEO Director at ITC Holdings, a 97% increase compared to previous year.
Compensation breakdown
| Bonus | $1,288,217 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,215,989 |
| Non-Equity Incentive Plan | $1,774,375 |
| Option Awards | $613,504 |
| Salary | $800,904 |
| Stock Awards | $714,952 |
| Other | $222,567 |
| Total | $9,630,508 |
Welch received $4.2M of change in pension value and nonqualified deferred compensation earnings, accounting for 44% of the total pay in 2010.
Welch also received $1.3M in bonus, $1.8M in non-equity incentive plan, $613.5K in option awards, $800.9K in salary, $715K in stock awards and $222.6K in other compensation.
Rankings
In 2010, Joseph L. Welch's compensation ranked 366th out of 10,439 executives tracked by ExecPay. In other words, Welch earned more than 96.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 366 out of 10,439 | 97th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 36 out of 909 | 96th |
Major group Electric, Gas, And Sanitary Services | 9 out of 401 | 98th |
Industry group Electric Services | 7 out of 155 | 96th |
Industry Electric Services | 7 out of 155 | 96th |
Source: SEC filing on April 21, 2011.
Welch's colleagues
We found five more compensation records of executives who worked with Joseph L. Welch at ITC Holdings in 2010.