Here's how much Duke Energy paid its CEO in 2019

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Here's how much Duke Energy paid its CEO in 2019

By   – Senior Staff Writer, Charlotte Business Journal



Duke Energy Corp. awarded CEO Lynn Good an annual compensation package of more than $15 million in 2019, according to a newly filed report with the Securities and Exchange commission.

That is 7.4% more than the almost $14 million she received in 2018, but well below her peak of $21.4 million in 2017. That year was boosted by a one-time retention bonus of $7 million in equity.

In putting out information about executive compensation, Charlotte-based Duke (NYSE: DUK), as always, emphasizes that Good does not actually receive the total amount awarded in any given year.

Her base salary was $1.38 million. But $10.12 million worth of her compensation is in stock awards, which vest over time and the value of which depends on the company’s performance.

“The vast majority of the total compensation figure is ‘at risk’,” the company says.

Beyond that, the company awarded her $2.8 million from its cash incentive plan. The value of her pension and deferred compensation was $355,908 last year.

Duke calculates the median annual compensation for all its employees at $123,608. That puts Good’s annual compensation at 122 times the median for the roughly 28,800 Duke workers other than the CEO.

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