How Tarry was paid
$3.9M 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 | Bonus | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Patricia K. CollawnExecutive Chairman | $1,191,299 | — | $2,902,939 | $689,632 | — | $436,127 | $5,219,997 |
| Joseph D. TarryPresident and CEO | $839,462 | — | $2,275,011 | $495,058 | $1,685 | $292,732 | $3,903,948 |
| Brian G. IversonGeneral Counsel, SVP, Regulatory & Public Policy | $463,846 | $82,052 | $583,874 | $163,800 | — | $123,067 | $1,416,639 |
| Elisabeth A. Edenformer SVP & Chief Financial Officer | $341,131 | $70,000 | $367,586 | $105,012 | — | $132,036 | $1,015,765 |
| Henry E. MonroySVP & Chief Financial Officer | $363,495 | $60,000 | $353,234 | $100,946 | — | $94,635 | $972,310 |
| Monique JacobsonSVP, Corporate Services | $276,923 | — | $351,821 | $93,315 | — | $53,488 | $775,547 |
What changed and why
- $3.9MJoseph D. Tarry total compensation increased to $3,903,948 following his promotion to President and CEO.
- $5.2MPatricia K. Collawn transitioned to Executive Chairman with total compensation of $5,219,997 for 2025.
- 60%Performance metrics for annual incentive pay include 60% incentive EPS, 20% customer satisfaction, and 20% reliability.
- 40%Long-term incentive performance shares are based on 40% earnings growth, 40% relative TSR, and 20% FFO/debt ratio.
- 98%Shareholders approved the advisory say-on-pay proposal with 98% support at the previous annual meeting.
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.