Dominion Energy Files DEF 14A with Executive Compensation Details

Ticker: D · Form: DEF 14A · Filed: Mar 22, 2024 · CIK: 715957

Sentiment: neutral

Topics: Dominion Energy, DEF 14A, Executive Compensation, Proxy Statement, Shareholder Information

TL;DR

<b>Dominion Energy files its DEF 14A, detailing executive compensation and financial data for the 2023 fiscal year.</b>

AI Summary

DOMINION ENERGY, INC (D) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. Filing is a Definitive Proxy Statement (DEF 14A) filed by Dominion Energy, Inc. The filing covers the period ending May 7, 2024, with data reported as of March 22, 2024. Includes detailed executive compensation data for PEO and Non-PEO/NEO members for the fiscal year 2023. Specific data points include fair value of equity awards, dividend/earnings paid, and pension adjustments. The company's fiscal year ends on December 31st.

Why It Matters

For investors and stakeholders tracking DOMINION ENERGY, INC, this filing contains several important signals. This filing provides crucial information for shareholders regarding executive pay, which can influence voting decisions on board members and compensation plans. Shareholders can analyze the reported compensation figures against company performance and industry benchmarks to assess alignment and potential concerns.

Risk Assessment

Risk Level: medium — DOMINION ENERGY, INC shows moderate risk based on this filing. The filing is a routine proxy statement, but the complexity of executive compensation and potential for shareholder scrutiny introduces medium risk.

Analyst Insight

Review the executive compensation details to understand pay-for-performance alignment and identify any potential shareholder concerns.

Executive Compensation

NameTitleTotal Compensation
Mr. Thomas F. FarrellMember
Mr. BlueMember

Key Numbers

Key Players & Entities

FAQ

When did DOMINION ENERGY, INC file this DEF 14A?

DOMINION ENERGY, INC filed this Proxy Statement (DEF 14A) with the SEC on March 22, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by DOMINION ENERGY, INC (D).

Where can I read the original DEF 14A filing from DOMINION ENERGY, INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DOMINION ENERGY, INC.

What are the key takeaways from DOMINION ENERGY, INC's DEF 14A?

DOMINION ENERGY, INC filed this DEF 14A on March 22, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) filed by Dominion Energy, Inc.. The filing covers the period ending May 7, 2024, with data reported as of March 22, 2024.. Includes detailed executive compensation data for PEO and Non-PEO/NEO members for the fiscal year 2023..

Is DOMINION ENERGY, INC a risky investment based on this filing?

Based on this DEF 14A, DOMINION ENERGY, INC presents a moderate-risk profile. The filing is a routine proxy statement, but the complexity of executive compensation and potential for shareholder scrutiny introduces medium risk.

What should investors do after reading DOMINION ENERGY, INC's DEF 14A?

Review the executive compensation details to understand pay-for-performance alignment and identify any potential shareholder concerns. The overall sentiment from this filing is neutral.

Risk Factors

Filing Stats: 4,398 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-03-22 16:16:24

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 39 Compensation Discussion and Analysis 39 Executive Summary 39 Our Performance 42 Our Compensation Elements 43 Our Process 58 Our Compensation Practices and Policies 60 Compensation and Talent Development Committee Report 62

Executive Compensation Tables

Executive Compensation Tables 63 Equity Compensation Plans 75 CEO Pay Ratio 75 Pay versus Performance 76 Item3: Ratification of Appointment of Independent Auditor 78 Audit Committee Matters 78 Auditor Fees and Pre-Approval Policy 78 Audit Committee Report 79 Item4: Approval of the 2024 Incentive Compensation Plan 80 Item5: Shareholder Proposal – Independent Chair 86 Item6: Shareholder Proposal – Benefit Corporation Conversion 88

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 91 Questions and Answers About the 2024 Annual Meeting and Voting 92 Other Information 96 Appendix A – Reconciliation of Reported Earnings (GAAP) to Operating Earnings (non-GAAP) A-1 Appendix B – Dominion Energy, Inc. 2024 Incentive Compensation Plan B-1 Table of Contents Dominion Energy, headquartered in Richmond, Virginia, is one of the nation's largest producers and distributors of energy. Dominion Energy is committed to providing the reliable, affordable and increasingly clean energy that powers our customers every day. Dominion Energy operates in 15 states and serves approximately 6 million customers. 1 Our Core Values Our core values are fundamental to who we are. We do what is right. We do it well. We do it together. Doing so helps ensure we maintain trust with those who matter most: our customers, investors, employees, communities, regulators and other stakeholders. Our customers rely on us to power their every day, so we deliver on our commitments. Safety – Our first and most important goal is to send every employee home safe and sound, every day. Ethics – We do not take shortcuts when reaching for our goals and fulfilling our obligations. Our reputation depends on ethical behavior. Excellence – We work toward continuous improvement in all areas of our business. Embrace Change – By welcoming new ideas, Dominion Energy champions innovation. Through innovation, we will continue to prosper in the years ahead. One Dominion Energy – Our shared mission and purpose transcend organizational boundaries. Teamwork leads to strong, sustainable performance. 2023 Financial Highlights $2.29 Reported earnings per share $1.99 Operating earnings per share 2 2023 Performance Highlights 0.45 OSHA recordable injury rate, our second-best ever 15 data centers accounting for 933 megawatts (MWs) of electric load connected to the grid 5.5% projected annual pea

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing