DTE Electric Co Chairman Gerard Anderson's 2019 pay rises 11% to $12M
DTE Electric Co reports 2019 executive compensation
By ExecPay News
Published: March 12, 2020
DTE Electric Co reported fiscal year 2019 executive compensation information on March 12, 2020.
In 2019, six executives at DTE Electric Co received on average a compensation package of $5.7M, a 11% increase compared to previous year.
Average pay of disclosed executives at DTE Electric Co
Gerard M. Anderson, Chairman, received $12M in total, which increased by 11% compared to 2018. 60% of Anderson's compensation, or $7.3M, was in stock awards. Anderson also received $2M of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.1M in salary, as well as $136K in other compensation.
Gerardo Norcia, Chief Executive Officer, received a compensation package of $8.2M, which increased by 50% compared to previous year. 57% of the compensation package, or $4.7M, was in stock awards.
David E. Meador, Chief Administrative Officer, earned $4.3M in 2019, a 27% increase compared to previous year.
Peter B. Oleksiak, Chief Financial Officer, received $4.2M in 2019, which increases by 17% compared to 2018.
Trevor F. Lauer, Chief Operating Officer, earned $3.1M in 2019, a 29% increase compared to previous year.
Bruce D. Peterson, General Counsel, received $2.5M in 2019.
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Source: SEC filing on March 12, 2020.