Public Service Enterprise Group Management

Management criteria checks 2/4

Public Service Enterprise Group's CEO is Ralph LaRossa, appointed in Sep 2022, has a tenure of 2.25 years. total yearly compensation is $11.78M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth €11.87M. The average tenure of the management team and the board of directors is 5.8 years and 4.8 years respectively.

Key information

Ralph LaRossa

Chief executive officer

US$11.8m

Total compensation

CEO salary percentage	11.0%
CEO tenure	2.3yrs
CEO ownership	0.03%
Management average tenure	5.8yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ralph LaRossa's remuneration changed compared to Public Service Enterprise Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$12m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$972k	US$1b
Sep 30 2022	n/a	n/a	US$688m
Jun 30 2022	n/a	n/a	-US$990m
Mar 31 2022	n/a	n/a	-US$1b
Dec 31 2021	US$5m	US$811k	-US$648m
Sep 30 2021	n/a	n/a	-US$662m
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$5m	US$787k	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$4m	US$738k	US$2b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$8m	US$720k	US$1b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$3m	US$705k	US$2b

Compensation vs Market: Ralph's total compensation ($USD11.78M) is above average for companies of similar size in the Austrian market ($USD4.36M).

Compensation vs Earnings: Ralph's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Ralph LaRossa (61 yo)

2.3yrs

Tenure

US$11,778,863

Compensation

Mr. Ralph A. LaRossa serves as Chief Executive Officer and President of Public Service Enterprise Group Incorporated since September 01, 2022 and serves as Chair of the Board since January 1, 2023 and serv...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ralph LaRossa	Chair, President & CEO	2.3yrs	US$11.78m	0.029% € 11.9m
Daniel Cregg	Executive VP & CFO	9.2yrs	US$5.85m	0.036% € 14.6m
Tamara Linde	Executive VP & Chief Legal Officer	10.4yrs	US$3.26m	0.0097% € 3.9m
Kim Hanemann	President & COO of Public Service Electric & Gas	3.5yrs	US$3.12m	0.014% € 5.7m
Zeeshan Sheikh	Senior VP and Chief Information & Digital Officer	4.3yrs	no data	no data
Carlotta Chan	Vice President of Investor Relations	6.5yrs	no data	no data
Courtney McCormick	Senior Vice President of Audit	3yrs	no data	no data
Karen Cleeve	Vice President of Corporate Communications	7.3yrs	no data	no data
Sheila Rostiac	Senior VP of Human Resources	5.3yrs	no data	0.0059% € 2.4m
Richard Thigpen	Senior Vice President of Corporate Citizenship	6.4yrs	no data	0.0052% € 2.1m
Grace Park	Executive VP & General Counsel	4.4yrs	no data	0.0012% € 487.4k
Shahid Malik	President of Energy Resources & Trade - ER&T	13.9yrs	no data	no data

5.8yrs

Average Tenure

60yo

Average Age

Experienced Management: PEG's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ralph LaRossa	Chair, President & CEO	2.3yrs	US$11.78m	0.029% € 11.9m
Scott Stephenson	Independent Director	4.8yrs	US$330.16k	no data
Susan Tomasky	Independent Lead Director	12.7yrs	US$340.16k	no data
John Surma	Independent Director	5.1yrs	US$337.66k	0.00035% € 142.2k
Laura Sugg	Independent Director	5.9yrs	US$325.16k	0.000040% € 16.2k
William Deese	Independent Director	8.8yrs	US$332.66k	0.0011% € 463.0k
Kenneth Tanji	Independent Director	1.3yrs	US$135.01k	no data
Ricardo Perez	Independent Director	less than a year	no data	no data
Barry Ostrowsky	Independent Director	6.8yrs	US$337.66k	no data
Jamie Gentoso	Independent Director	2.7yrs	US$300.16k	no data
Valerie Smith	Independent Director	2.7yrs	US$311.13k	no data

4.8yrs

Average Tenure

67yo

Average Age

Experienced Board: PEG's board of directors are considered experienced (4.8 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 04:24
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Public Service Enterprise Group Incorporated is covered by 40 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gary Hovis	Argus Research Company
Nathan Judge	Atlantic Equities LLP
Nicholas Campanella	Barclays

Public Service Enterprise Group Management

Management criteria checks 2/4

Key information

Recent management updates

Public Service Enterprise Group Incorporated Announces Executive Changes

Executive VP & General Counsel recently sold €1.4m worth of stock

Public Service Enterprise Group Incorporated, Annual General Meeting, Apr 16, 2024

Public Service Enterprise Group Incorporated Appoints Ricardo G. Pérez as Member of Governance, Nominating and Sustainability Committee and the Industrial Operations Committee

High number of new directors

Public Service Enterprise Group Incorporated Elects Ricardo (Ric) G. Pérez to Board of Directors

Recent updates

Third quarter 2024 earnings released: EPS: US$1.04 (vs US$0.28 in 3Q 2023)

Public Service Enterprise Group Incorporated to Report Q3, 2024 Results on Nov 04, 2024

Public Service Enterprise Group Incorporated Announces Executive Changes

Upcoming dividend of US$0.60 per share

New minor risk - Insider selling

Executive VP & General Counsel recently sold €1.4m worth of stock

New minor risk - Profit margin trend

First quarter dividend of US$0.60 announced

Public Service Enterprise Group Incorporated to Report Q2, 2024 Results on Jul 30, 2024

Upcoming dividend of US$0.60 per share

First quarter 2024 earnings released: EPS: US$1.06 (vs US$2.59 in 1Q 2023)

Fourth quarter dividend of US$0.60 announced

Public Service Enterprise Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024

Upcoming dividend of US$0.60 per share

Public Service Enterprise Group Incorporated, Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: US$5.13 (vs US$2.07 in FY 2022)

Third quarter dividend of US$0.60 announced

Public Service Enterprise Group Incorporated Appoints Ricardo G. Pérez as Member of Governance, Nominating and Sustainability Committee and the Industrial Operations Committee

High number of new directors

Public Service Enterprise Group Incorporated to Report Q4, 2023 Results on Feb 26, 2024

Public Service Enterprise Group Incorporated Elects Ricardo (Ric) G. Pérez to Board of Directors

Upcoming dividend of US$0.57 per share at 3.6% yield

Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.23 in 3Q 2022)

Public Service Enterprise Group Incorporated Announces Resignation of Alfred W. Zollar from the Board of Directors

Public Service Enterprise Group Incorporated to Report Q3, 2023 Results on Oct 31, 2023

Public Service Enterprise Group Incorporated Announces Election of Kenneth Y. Tanji to its Board of Directors

Upcoming dividend of US$0.57 per share at 3.7% yield

Harbert Infrastructure Fund VI, LP managed by Harbert Power, LLC acquired 50% stake in Kalaeloa Partners, L.P. from Public Service Enterprise Group Incorporated (NYSE:PEG).

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.19 (vs US$0.26 in 2Q 2022)

Public Service Enterprise Group Incorporated to Report Q2, 2023 Results on Aug 01, 2023

Orsted North America Inc. acquired 25% stake in Ocean Wind project in New Jersey of Orsted North America from Public Service Enterprise Group Incorporated

Orsted North America Inc. acquired 25% stake in Ocean Wind project in New Jersey of Orsted North America from Public Service Enterprise Group Incorporated

Upcoming dividend of US$0.57 per share at 3.8% yield

First quarter 2023 earnings released: EPS: US$2.58 (vs US$0.004 loss in 1Q 2022)

Insider recently sold €382k worth of stock

Upcoming dividend of US$0.57 per share at 3.9% yield

Full year 2022 earnings released: EPS: US$2.06 (vs US$1.29 loss in FY 2021)

Public Service Enterprise Group Declares Quarterly Common Stock Dividend for the First Quarter of 2023, Payable on March 31, 2023

Orsted North America Inc. signed an agreement to acquire remaining 25% stake in Ocean Wind project in New Jersey of Orsted North America from Public Service Enterprise Group Incorporated.

Orsted North America Inc. signed an agreement to acquire remaining 25% stake in Ocean Wind project in New Jersey of Orsted North America from Public Service Enterprise Group Incorporated.

Upcoming dividend of US$0.54 per share

High number of new directors

Public Service Enterprise Group Incorporated Declares Regular Quarterly Dividend for Fourth Quarter of 2022, Payable on or Before December 30, 2022

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$3.10 loss in 3Q 2021)

Public Service Enterprise Group Incorporated Revises Earnings Guidance for the Fiscal Year 2022

High number of new directors

High number of new directors

Public Service Enterprise Group Announces CEO Changes

Upcoming dividend of US$0.54 per share

Now 22% undervalued

Second quarter 2022 earnings released: EPS: US$0.26 (vs US$0.35 loss in 2Q 2021)

Public Service Enterprise Group Incorporated Provides Earnings Guidance for the Fiscal Year 2022

Public Service Enterprise Group Incorporated Declares Regular Quarterly Dividend for Third Quarter of 2022, Payable on or Before September 30, 2022

Upcoming dividend of US$0.54 per share

Public Service Enterprise Group Incorporated Reaffirms Earning Guidance for 2022

First quarter 2022 earnings released: US$0.004 loss per share (vs US$1.29 profit in 1Q 2021)

Public Service Enterprise Group Incorporated Announces Management Changes

Upcoming dividend of US$0.54 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Generation Bridge II, LLC acquired 1.9 GW Power Generating Portfolio from Public Service Enterprise Group Incorporated (NYSE:PEG).

Public Service Enterprise Group Incorporated Declares Quarterly Common Stock Dividend for the First Quarter of 2022, Payable on March 31, 2022

Public Service Enterprise Group Incorporated to Report Q4, 2021 Results on Feb 24, 2022

Upcoming dividend of US$0.51 per share

Third quarter 2021 earnings released: US$3.10 loss per share (vs US$1.14 profit in 3Q 2020)

Public Service Enterprise Group Incorporated (NYSE:PEG) announces an Equity Buyback for $500 million worth of its shares.

Arclight Energy Partners Fund VII, L.P., a fund managed by ArcLight Capital Partners, LLC, agreed to acquire 6,750-Megawatt Fossil Generating Portfolio of Public Service Enterprise Group Incorporated (NYSE:PEG) for $1.9 billion.

Second quarter 2021 earnings released: US$0.35 loss per share (vs US$0.90 profit in 2Q 2020)

CEO Compensation Analysis