PPL CEO William Spence's 2018 pay slips 16% to $11M
PPL reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
PPL reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, six PPL executives received on average a compensation package of $5.3M, a 6% decrease compared to previous year.
Average pay of disclosed executives at PPL
William H. Spence, Chief Executive Officer, received $11M in total, which decreased by 16% compared to 2017. 51% of Spence's compensation, or $5.7M, was in stock awards. Spence also received $1.6M of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.2M in salary, as well as $121K in other compensation.
For fiscal year 2018, the median employee pay was $81,211 at PPL. Therefore, the ratio of William H. Spence's pay to the median employee pay was 140 to one.
Robert A. Symons, Former Chief Executive — WPD, received a compensation package of $9M, which increased by 155% compared to previous year. 75% of the compensation package, or $6.7M, was in other compensation.
Joanne H. Raphael, General Counsel, earned $3M in 2018.
Vincent Sorgi, Chief Financial Officer, received $2.9M in 2018, which decreases by 21% compared to 2017.
Paul W. Thompson, Chief Executive Officer, earned $2.7M in 2018.
Gregory N. Dudkin, President — PPL Electric Utilities Corporation, received $2.6M in 2018, which decreases by 20% compared to 2017.
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Source: SEC filing on April 2, 2019.