Sundar PichaiSundar Pichai earned $164M in 2023

James P. Torgerson served as the CEO of Avangrid, a key player in the energy sector, from January 2016 until his retirement on June 23, 2020. Under his leadership, the company focused on sustainable energy solutions and significant capital investments,...

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James P. Torgerson

Ex-CEO of Avangrid

Sector of Economy

Utilities

CEO of Avangrid for

4 years 5 months (Jan 2016 - Jun 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of James P. Torgerson

Holdings

See how much did James P. Torgerson make over time.

James P. Torgerson had significant insider holdings during his time at Avangrid. His holdings were valued at around $22.36 million in September 2019, reflecting a strong position in the company. However, this value saw a notable decline over the following...

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Insider Trading

See recent insider trades of James P. Torgerson.

POR

$144.98K

POR at $46.35/share

Jul 19, 2024

Received

POR

2,949 shares

POR

Jul 21, 2023

Received

POR

2,596 shares

POR

Jul 21, 2022

Received

POR

$248.95K

POR at $49.79/share

Aug 5, 2021

Purchase

POR

2,229 shares

POR

Apr 27, 2021

Received

POR

666 shares

POR

Jan 4, 2021

Received

AGR

$1.26M

AGR at $49.09/share

Mar 8, 2018

Received

AGR

$1.20M

AGR at $41.03/share

Feb 17, 2016

Received

Compensation History

See how much did James P. Torgerson make over time.

During his time as CEO at Avangrid, James P. Torgerson’s total compensation varied significantly based on performance metrics and strategic milestones. In 2020, he earned approximately $1.23 million, including a salary of $1.2 million and a cash bonus for achieving performance goals. The year prior, in 2019, his total compensation reached around $2.26 million. In 2018, he had a peak earning of about $5.7 million, bolstered by a significant bonus of $500,000 and a long-term incentive payout of over $3 million. His compensation reflected the company's performance and the company's strategic initiatives, aligning his financial rewards with Avangrid's operational success. The executive compensation structure emphasized attracting and retaining top talent while ensuring that performance metrics were met, which was a core philosophy during his leadership.

Year

2020

Total Compensation

$4.99M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly talented professionals while aligning with long-term business goals and values, without encouraging excessive risk-taking.

Bonus

$280.43K

Board Justification

Annual cash incentive based on performance metrics under the Executive Variable Pay Plan (EVP Plan) for the period prior to retirement.

Other

$335.63K

Board Justification

Includes contributions to the 401(k) plan, deferred compensation contributions, and other benefits.

Restricted Stock

$3.18M(76.87K common stock)

Board Justification

Represents the stock awards that vested during 2020, including performance stock units and phantom units.

Performance Metrics

Performance metrics for the EVP Plan included adjusted earnings per share, operational efficiency, and other financial and operational goals.

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