Joseph L. Welch
2008
In 2008, Joseph L. Welch earned a total compensation of $7.8M as President, CEO Director at ITC Holdings, a 49% increase compared to previous year.
Compensation breakdown
| Bonus | $1,098,902 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $3,133,475 |
| Non-Equity Incentive Plan | $826,875 |
| Option Awards | $730,355 |
| Salary | $678,654 |
| Stock Awards | $1,117,003 |
| Other | $168,833 |
| Total | $7,754,097 |
Welch received $3.1M of change in pension value and nonqualified deferred compensation earnings, accounting for 40% of the total pay in 2008.
Welch also received $1.1M in bonus, $826.9K in non-equity incentive plan, $730.4K in option awards, $678.7K in salary, $1.1M in stock awards and $168.8K in other compensation.
Rankings
In 2008, Joseph L. Welch's compensation ranked 415th out of 9,135 executives tracked by ExecPay. In other words, Welch earned more than 95.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 415 out of 9,135 | 96th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 69 out of 846 | 92nd |
Major group Electric, Gas, And Sanitary Services | 21 out of 381 | 95th |
Industry group Electric Services | 12 out of 137 | 91st |
Industry Electric Services | 12 out of 137 | 91st |
Source: SEC filing on April 13, 2009.
Welch's colleagues
We found four more compensation records of executives who worked with Joseph L. Welch at ITC Holdings in 2008.