Vistra (VST) executive compensation, 2026 proxy

James A. Burke, President and Chief Executive Officer, was paid $16M in 2025, up 31% from $12.2M the year before. The CEO-to-median-employee pay ratio was 117:1, on median employee pay of $137,164.

Filed
March 18, 2026
Annual meeting
April 29, 2026
Pay year
2025
Named executives
5
CEO total pay
$16M+31% vs prior year
CEO to median employee
117:1median $137,164
CEO pay in equity
72%$11.4M in awards
Prior say-on-pay support
97%of votes cast
CEO Stock Awards
$11,433,561Granted in 2025
Ongoing Operations Adj. EBITDA
$5,912MExceeded guidance
2023 PSU Payout
200%Percentage of target

How Burke was paid

$16M 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.

Salary9%Stock awards72%Non-equity incentive19%All other compensation1%

Named executive officers

ExecutiveTotal
James A. BurkePresident and Chief Executive Officer$15,989,188
Kristopher E. MoldovanEVP and Chief Financial Officer$6,709,289
Stacey DoréChief Strategy and Sustainability Officer & EVP Public Affairs$6,757,520
Scott A. HudsonEVP and President Vistra Retail$4,129,002
Stephanie Zapata MooreEVP, General Counsel, and Chief Compliance Officer$3,170,883

What changed and why

  • 97%Over 97% of stockholder votes approved the 2024 executive compensation program during the previous annual meeting.
  • $16MJames A. Burke received total compensation of $15,989,188 in 2025 compared to $12,236,044 in 2024.
  • 65%Performance stock units continued to weight 65% of long-term incentive awards for named executive officers.
  • $5,912MOngoing Operations Adjusted EBITDA reached $5,912 million, exceeding the original guidance midpoint announced in November 2024.

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.