How Yates was paid
$13.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Lloyd YatesPresident and CEO | $1,191,667 | $9,619,864 | $2,261,784 | $124,485 | $13,197,800 |
| Shawn AndersonEVP and CFO | $670,833 | $1,818,069 | $734,563 | $72,958 | $3,296,423 |
| Melody BirminghamEVP and Group President, Utilities | $686,667 | $1,672,630 | $751,900 | $56,610 | $3,167,807 |
| William JeffersonEVP, Chief Operating and Safety Officer | $645,833 | $1,575,681 | $707,188 | $69,778 | $2,998,480 |
| Michael LuhrsEVP, Technology, Customer and Chief Commercial Officer | $641,667 | $3,595,266 | $1,000,000 | $59,430 | $5,296,363 |
What changed and why
- $13.2MChief executive officer Lloyd Yates received total compensation of $13,197,800 for fiscal 2025.
- 97%Stockholder support for the advisory say-on-pay vote reached approximately 97% in 2025.
- The ratio of the CEO total compensation to the median employee annual total compensation was 106 to 1.
- $125KMedian employee total compensation was determined to be $125,021 for the year.
- Executive compensation programs continue to align pay with performance through variable at-risk incentive components.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.