Joseph L. Welch
2006
In 2006, Joseph L. Welch earned a total compensation of $4M as President, CEO, Treasurer & Director at ITC Holdings.
Compensation breakdown
| Bonus | $992,705 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,405,372 |
| Non-Equity Incentive Plan | $400,000 |
| Option Awards | $748,576 |
| Salary | $389,404 |
| Stock Awards | $8,000 |
| Other | $73,415 |
| Total | $4,017,472 |
Welch received $1.4M of change in pension value and nonqualified deferred compensation earnings, accounting for 35% of the total pay in 2006.
Welch also received $992.7K in bonus, $400K in non-equity incentive plan, $748.6K in option awards, $389.4K in salary, $8K in stock awards and $73.4K in other compensation.
Rankings
In 2006, Joseph L. Welch's compensation ranked 794th out of 7,022 executives tracked by ExecPay. In other words, Welch earned more than 88.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 794 out of 7,022 | 89th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 101 out of 658 | 85th |
Major group Electric, Gas, And Sanitary Services | 34 out of 281 | 88th |
Industry group Electric Services | 17 out of 109 | 84th |
Industry Electric Services | 17 out of 109 | 84th |
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 2006.