American Electric Power Co. CEO Nicholas Akins' 2020 pay rises 7% to $16M
American Electric Power Co. reports 2020 executive compensation
By ExecPay News
Published: March 10, 2021
American Electric Power Co. reported fiscal year 2020 executive compensation information on March 10, 2021.
In 2020, seven executives at American Electric Power Co. received on average a compensation package of $5.3M, a 1% decrease compared to previous year.
Average pay of disclosed executives at American Electric Power Co.
Nicholas K. Akins, Chief Executive Officer, received $16M in total, which increased by 7% compared to 2019. 62% of Akins' compensation, or $9.6M, was in stock awards. Akins also received $699K of change in pension value and nonqualified deferred compensation earnings, $3.5M in non-equity incentive plan, $1.5M in salary, as well as $168K in other compensation.
For fiscal year 2020, the median employee pay was $140,965 at American Electric Power Co.. Therefore, the ratio of Nicholas K. Akins' pay to the median employee pay was 110 to one.
Brian X. Tierney, Chief Financial Officer, received a compensation package of $4.6M, which decreased by 30% compared to previous year. 47% of the compensation package, or $2.2M, was in stock awards.
Lana L. Hillebrand, Chief Administrative Officer, earned $4.5M in 2020, a 59% increase compared to previous year.
Lisa M. Barton, Executive Vice President- Utilities, received $3.4M in 2020, which decreases by 30% compared to 2019.
David M. Feinberg, General Counsel, earned $3.4M in 2020, a 4% increase compared to previous year.
Mark C. McCullough, Former Executive Vice President - Energy Delivery, received $3M in 2020, which increases by 1% compared to 2019.
Charles E. Zebula, Executive Vice President - Portfolio Optimization, earned $2.9M in 2020, a 3% increase compared to previous year.
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Source: SEC filing on March 10, 2021.