ALABAMA POWER CO CEO Mark Crosswhite's 2021 pay falls 28% to $5.3M
ALABAMA POWER CO reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
ALABAMA POWER CO reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, five executives at ALABAMA POWER CO received on average a compensation package of $2.2M, a 30% decrease compared to previous year.
Average pay of disclosed executives at ALABAMA POWER CO
Mark A. Crosswhite, Chief Executive Officer, received $5.3M in total, which decreased by 28% compared to 2020. 49% of Crosswhite's compensation, or $2.6M, was in stock awards. Crosswhite also received $478K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $878K in salary, as well as $66K in other compensation.
For fiscal year 2021, the median employee pay was $107,115 at ALABAMA POWER CO. Therefore, the ratio of Mark A. Crosswhite's pay to the median employee pay was 49 to one.
J. Jeffrey Peoples, Executive Vice President, received a compensation package of $2M, which decreased by 47% compared to previous year. 26% of the compensation package, or $521K, was in stock awards.
Zeke W. Smith, Executive Vice President, earned $1.4M in 2021, a 38% decrease compared to previous year.
Philip C. Raymond, Chief Financial Officer, received $1.3M in 2021, which decreases by 39% compared to 2020.
R. Scott Moore, Senior Vice President, earned $1.1M in 2021, a 37% decrease compared to previous year.
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Source: SEC filing on March 17, 2022.