Dominion Energy Board & Executive Changes Announced
Ticker: D · Form: 8-K · Filed: Jan 27, 2025 · CIK: 715957
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: D
TL;DR
Dominion Energy shakes up board, names new director, and updates exec pay.
AI Summary
On January 23, 2025, Dominion Energy, Inc. announced changes in its board of directors and executive compensation. Specifically, the company reported the departure of director Thomas F. Farrell II and the election of new director Robert M. Blue. Additionally, the filing details the compensatory arrangements for certain named executive officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Dominion Energy, Inc. (company) — Registrant
- Thomas F. Farrell II (person) — Departing Director
- Robert M. Blue (person) — Newly Elected Director
- January 23, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from Dominion Energy's board of directors?
Thomas F. Farrell II has departed from Dominion Energy's board of directors as of January 23, 2025.
Who has been elected as a new director to Dominion Energy's board?
Robert M. Blue has been elected as a new director to Dominion Energy's board.
What is the primary purpose of this Form 8-K filing?
This Form 8-K filing reports the departure of a director, the election of a new director, and details compensatory arrangements for certain officers.
What is Dominion Energy's principal executive office address?
Dominion Energy's principal executive office is located at 120 Tredegar Street, Richmond, Virginia, 23219.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is January 23, 2025.
Filing Stats: 770 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2025-01-27 13:00:18
Key Financial Figures
- $643,537 — uary 1, 2025, his annual base salary is $643,537 with an AIP target of 80% of base salar
- $1,250,000 — incentive award with a target value of $1,250,000. Mr. Baine will also be eligible to par
- $150,000 — prised of a cash award in the amount of $150,000 and a restricted stock award in the amo
- $350,000 — restricted stock award in the amount of $350,000. The restricted stock awards are issued
Filing Documents
- d929578d8k.htm (8-K) — 25KB
- 0001193125-25-013069.txt ( ) — 141KB
- d-20250123.xsd (EX-101.SCH) — 3KB
- d-20250123_lab.xml (EX-101.LAB) — 17KB
- d-20250123_pre.xml (EX-101.PRE) — 11KB
- d929578d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DOMINION ENERGY, INC. Registrant By: /s/ Regina J. Elbert Regina J. Elbert Senior Vice President and Chief Human Resources Officer Date: January 27, 2025