FirstEnergy CEO Charles Jones' 2019 pay jumps 32% to $15M
FirstEnergy reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
FirstEnergy reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, seven executives at FirstEnergy received on average a compensation package of $6M, a 41% increase compared to previous year.
Average pay of disclosed executives at FirstEnergy
Charles E. Jones, Chief Executive Officer, received $15M in total, which increased by 32% compared to 2018. 43% of Jones' compensation, or $6.2M, was in stock awards. Jones also received $5.6M of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.1M in salary, as well as $74K in other compensation.
James F. Pearson, EVP, Finance, received a compensation package of $7.3M, which increased by 86% compared to previous year. 44% of the compensation package, or $3.2M, was of change in pension value and nonqualified deferred compensation earnings.
Leila L. Vespoli, Chief Legal Officer, earned $7M in 2019, a 70% increase compared to previous year.
Steven E. Strah, Chief Financial Officer, received $6M in 2019, which increases by 73% compared to 2018.
Samuel L. Belcher, SVP & President, FE Utilities, earned $2.9M in 2019, a 6% decrease compared to previous year.
Robert P. Reffner, General Counsel, received $2.5M in 2019.
Bennett L. Gaines, SVP, Corporate Services & Chief Information Officer, earned $2M in 2019, a 37% increase compared to previous year.
Related executives
Charles Jones
FirstEnergy
Chief Executive Officer
Steven Strah
FirstEnergy
Chief Executive Officer
Samuel Belcher
FirstEnergy
SVP & President, FE Utilities
Robert Reffner
FirstEnergy
Chief Legal Officer
Bennett Gaines
FirstEnergy
SVP, Corporate Services & Chief Information Officer
Leila Vespoli
FirstEnergy
Chief Legal Officer
James Pearson
FirstEnergy
EVP, Finance
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Source: SEC filing on April 1, 2020.