Sundar PichaiSundar Pichai earned $164M in 2023

James J. Piro served as the CEO of Portland General Electric from January 2009 until December 2017. With a long history in the utility industry, he began working with PGE back in 1980 in various financial roles. Piro was appointed...

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James J. Piro

Ex-CEO of Portland General Electric

Education

Not specified

Sector of Economy

Utilities

Born

July 1, 1957 - 68 years ago

CEO of Portland General Electric for

2 years 11 months (Jan 2015 - Dec 2017)

Previous Experience

President and Chief Executive Officer of PGE

Holdings

See how much did James J. Piro make over time.

During his time at Portland General Electric, James J. Piro witnessed fluctuations in his stock holdings, reflecting the company's performance and his own leadership impact. At the peak in 2016, Piro had significant vested stock units worth over $2.6 million...

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Insider Trading

See recent insider trades of James J. Piro.

POR

49,943 shares

POR

Feb 15, 2017

Received

POR

40,994 shares

POR

Feb 17, 2016

Received

POR

39,081 shares

POR

Feb 18, 2015

Received

POR

30,210 shares

POR

Feb 18, 2014

Received

POR

37,674 shares

POR

Feb 19, 2013

Received

POR

40,629 shares

POR

Feb 21, 2012

Received

POR

42,734 shares

POR

Feb 21, 2012

Received

Compensation History

See how much did James J. Piro make over time.

James J. Piro's compensation strategy was heavily tied to performance indicators. In 2016, he made $3.3 million, including a base salary of $836,431, a bonus of $680,574, and significant stock options. His bonuses were closely linked to achievements in earnings per share and operational goals like customer satisfaction. This performance-based pay structure was designed to align his interests with those of stakeholders, ensuring he was incentivized to drive success for Portland General Electric. Over the years, his compensation led to fluctuations that echoed the company’s performance, making sure he was rewarded when the company did well, while also having skin in the game to keep pushing for better results.

Year

2017

Total Compensation

$2.08M

Salary

$858.67K

Board Justification

The compensation philosophy aims to attract and retain qualified executives, aligning their interests with stakeholders through performance-based pay and competitive compensation.

Bonus

$901.11K

Board Justification

Cash incentive award based on performance metrics including EPS and operational goals.

Other

$324.15K

Board Justification

Includes contributions under the 2005 MDCP, dividend equivalent rights, 401(k) contributions, and accrued vacation.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2017 as the performance RSUs were granted after the expiration of the plan.

Performance Metrics

Performance metrics included EPS targets and operational goals such as generation plant availability and customer satisfaction.

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