Daniel B. Poneman is the CEO of Centrus Energy Corp., a role he has held since March 2015. A Harvard Law School graduate with a background in policy, Poneman has led the company through significant changes in the nuclear energy...

Daniel B. Poneman is the CEO of Centrus Energy Corp., a role he has held since March 2015. A Harvard Law School graduate with a background in policy, Poneman has led the company through significant changes in the nuclear energy industry. Notably, he emphasizes performance-based goals, aligning with the interests of shareholders. In 2023, he earned a total compensation of $5.6 million, which included a cash bonus based on company performance. Poneman's insider trading activity shows he made substantial personal investments in Centrus, peaking at over $7.9 million in December 2021. His holdings were notably high during 2020 through 2022, showing confidence in the company’s trajectory. His strategic leadership focuses on revenue growth, operational efficiency, and achieving ambitious corporate goals. Daniel has been a vital presence in the energy sector for several years, proving his commitment to Centrus Energy’s success while navigating the complexities of the market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Centrus Energy CEOs

C

Daniel B. Poneman

Ex-CEO of Centrus Energy

Education

Bachelor's degree from a recognized university, JD from Harvard Law School.

Sector of Economy

Energy

Born

January 1, 1965 - 60 years ago

CEO of Centrus Energy for

7 years 9 months (Mar 2015 - Jan 2023)

Previous Experience

Deputy Secretary of Energy, Chief Operating Officer of the Department of Energy.

Rivals

Competitors/colleagues of Daniel B. Poneman

U

Amir Adnani

Founder and CEO of Uranium Energy

2023 Compensation

Stock

$827.44K

Salary

$478.00K

Bonus

$0.00

Other

$0.00

Total Holdings

$10.13M

Holdings

See how much did Daniel B. Poneman make over time.

Daniel B. Poneman has shown a strong commitment to Centrus Energy Corp. via significant insider trading activities. In 2021, his holdings peaked with sales exceeding $7.9 million in December, demonstrating his confidence in the company's growth. Over his time as...

Daniel B. Poneman has shown a strong commitment to Centrus Energy Corp. via significant insider trading activities. In 2021, his holdings peaked with sales exceeding $7.9 million in December, demonstrating his confidence in the company's growth. Over his time as CEO, his sales have shown notable increases, with several months in late 2021 reaching over $1 million each. Not just a leader, but a personal investor, Poneman's holdings showcased a steady rise from 2019 to 2023, reflecting his belief in Centrus's future prospects. Despite fluctuations, he successfully navigated share prices and capitalized on opportunities, resulting in solid trades that indicated both market awareness and personal investment strategy.

Total Stock Sold

$6.73M

LEU

$6.73M

203,900 LEU shares

What if they kept their stock?

If Daniel B. Poneman didn't sell their stock, today they would have:
Extra LEU203,900 shares worth $2.41M.
This is -64.13% and $4.32M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Daniel B. Poneman.

LEU

4,600 shares

LEU

Apr 12, 2023

Received

LEU

4,600 shares

LEU

Apr 21, 2021

Received

LEU

53,325 shares

LEU

Apr 13, 2023

Received

LEU

53,325 shares

LEU

Mar 27, 2023

Received

LEU

$342.08K

LEU at $28.75/share

Apr 27, 2022

Sale

LEU

$2.99K

LEU at $29.87/share

Apr 27, 2022

Sale

LEU

39,557 shares

LEU

Mar 31, 2022

Received

LEU

$396.73K

LEU at $33.06/share

Mar 28, 2022

Sale

LEU

$522.47K

LEU at $43.54/share

Feb 28, 2022

Sale

LEU

$482.27K

LEU at $40.19/share

Jan 27, 2022

Sale

Compensation History

See how much did Daniel B. Poneman make over time.

In 2023, Daniel B. Poneman's total compensation was $5,606,490, which included a base salary of $750,000 and a performance-based cash bonus of $810,000. This bonus was tied directly to the company’s achievements against its strategic goals, demonstrating a focus on aligning executive pay with the success of Centrus Energy. Additionally, he earned $1,859,393 in vested stock from awards that appreciated in value over time. Other compensation components included around $3.5 million in severance payments and health benefits. This compensation structure reflects a carefully designed plan to motivate him to meet ambitious corporate objectives, emphasizing the importance of performance metrics and shareholder alignment. His earnings have varied in previous years, showing growth and a consistent strategy towards rewarding efficacy and results.

Year

2023

Total Compensation

$7.22M

Salary

$750.00K

Board Justification

The compensation program is designed to align executive compensation with the long-term performance of the Company and the interests of shareholders, with a significant portion of compensation being performance-based.

Bonus

$810.00K

Board Justification

The 2023 cash bonus was based on the CN&G Committee’s evaluation of the Company’s performance against the applicable 2023 performance goals, resulting in a payment of $810,000 in March 2024.

Other

$3.80M

Board Justification

Other compensation includes approximately $3.5 million in severance payments, $4,000 for continued medical and dental coverage, $170,000 for unused vacation, and matching contributions under the Executive Deferred Compensation Plan and 401(k) plan.

Restricted Stock

$1.86M(57.83K RSU)

Board Justification

The stock awards that vested in 2023 were based on the grant date fair value of restricted stock units granted under the 2014 EIP, totaling 57,925 shares.

Performance Metrics

The performance metrics for 2023 included achieving corporate goals related to revenue, net income, and operational milestones.

Other Centrus Energy CEOs

Here are other CEOs of Centrus Energy

Amir Vexler

CEO of Centrus Energy

January 2024 - Present