In 2023, Thomas A. Fanning earned $6.06M in total compensation at Southern Company, including $1.50M salary and $4.42M bonus. Most recently sold 50,000 shares in Jun 2023. Currently holds stock worth $72.84M. Has donated $8.63M in stock to charitable causes. Led Southern Company as CEO for 12 years.
Compensation History
Annual executive compensation data for Thomas A. Fanning, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$6.06M
Salary
$1.50M
Bonus
$4.42M
Other
$142.42K
Salary
$1.50MBoard Justification
The compensation philosophy for the CEO at The Southern Company is designed to align with company performance, focusing on financial and operational goals. The philosophy emphasizes a mix of fixed and at-risk compensation to drive long-term value creation for stockholders.
Bonus
$4.42MBoard Justification
The bonus for Thomas A. Fanning in 2023 was based on the achievement of financial and operational goals, including EPS, net income, and operational performance metrics. The payout was calculated at 163% of the target, reflecting strong performance across these areas.
Other Compensation
$142.42KBoard Justification
Other compensation includes financial planning, personal use of corporate aircraft, and other miscellaneous perquisites.
Restricted Stock
Board Justification
No stock vested for Thomas A. Fanning in 2023 as he retired at the end of the year.
Performance Metrics
The performance metrics for determining the CEO's compensation in 2023 included EPS, net income, and operational performance goals such as safety, customer satisfaction, and reliability.
Thomas A. Fanning
Ex-CEO of Southern Company
Education
University of Florida - Bachelor of Science in Accounting
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Utilities
Born
July 1, 1953 - 72 years ago
CEO of Southern Company for
12 years 5 months (Dec 2010 - May 2023)
Previous Experience
Executive Vice President and Chief Operating Officer of Southern Company
Holdings
Track Thomas A. Fanning's stock holdings and portfolio value over time.
Total Stock Sold
$200.68M
$200.68M
3,541,301 SO shares
What if they kept their stock?
If Thomas A. Fanning didn't sell their stock, today they would have:
Extra SO3,541,301 shares worth $305.54M.
This is 52.25% and $104.86M more than what they got when they sold the stock.
Charitable Transactions
100,000 shares
SO
Recent Charitable Transactions
100,000 shares
SO
Aug 19, 2022
Charity
Insider Trading
Thomas A. Fanning's recent stock transactions, purchases, and sales filed with the SEC.
$3.54M
SO at $70.76/share
Jun 9, 2023
Sale
$3.76M
SO at $75.16/share
May 10, 2023
Sale
$3.58M
SO at $71.54/share
Apr 10, 2023
Sale
264,695 shares
SO
Feb 13, 2023
Received
100,000 shares
SO
Aug 19, 2022
Charity
287,255 shares
SO
Feb 16, 2022
Received
289,676 shares
SO
Feb 12, 2021
Received
191,965 shares
SO
Feb 11, 2020
Received
$130.17M
SO at $62.99/share
Dec 19, 2019
Sale
86,040 shares
SO
Feb 11, 2019
Received
Rivals
Compare Thomas A. Fanning with competitor CEOs and industry peers.
Timothy Cawley
CEO of Consolidated Edison
2023 Compensation
Stock
$11.43M
Salary
$1.35M
Bonus
$2.26M
Other
$79.60K
Total Holdings
$3.07M
Lloyd Yates
CEO of NiSource
2023 Compensation
Stock
$0.00
Salary
$1.04M
Bonus
$2.50M
Other
$466.59K
Total Holdings
$4.96M
Scott J. Lauber
CEO of WEC Energy Group
2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$504.54K
Total Holdings
$196.23K