NiSource CEO Joseph Hamrock's 2018 pay rises 7% to $5.8M
NiSource reports 2018 executive compensation
By ExecPay News
Published: April 1, 2019
NiSource reported fiscal year 2018 executive compensation information on April 1, 2019.
In 2018, five NiSource executives received on average a compensation package of $2.4M, a 6% decrease compared to previous year.
Average pay of disclosed executives at NiSource
Joseph Hamrock, Chief Executive Officer, received $5.8M in total, which increased by 7% compared to 2017. 81% of Hamrock's compensation, or $4.7M, was in stock awards. Hamrock also received $990K in salary and $83K in other compensation.
For fiscal year 2018, the median employee pay was $97,754 at NiSource. Therefore, the ratio of Joseph Hamrock's pay to the median employee pay was 59 to one.
Donald E. Brown, Chief Financial Officer, received a compensation package of $1.6M, which decreased by 16% compared to previous year. 63% of the compensation package, or $1M, was in stock awards.
Pablo A. Vegas, Executive Vice President and President, Gas Utilities, earned $1.6M in 2018, a 12% decrease compared to previous year.
Violet Sistovaris, Executive Vice President and President, NIPSCO, received $1.4M in 2018, which decreases by 13% compared to 2017.
Carrie J. Hightman, Chief Legal Officer, earned $1.4M in 2018, a 19% decrease compared to previous year.
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Source: SEC filing on April 1, 2019.