TransAlta Management

Management criteria checks 3/4

TransAlta's CEO is John Kousinioris, appointed in Apr 2021, has a tenure of 3.08 years. total yearly compensation is CA$5.81M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €3.14M. The average tenure of the management team and the board of directors is 4 years and 3 years respectively.

Key information

John Kousinioris

Chief executive officer

CA$5.8m

Total compensation

CEO salary percentage	16.4%
CEO tenure	3.1yrs
CEO ownership	0.2%
Management average tenure	4yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Kousinioris's remuneration changed compared to TransAlta's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$6m	CA$950k	CA$644m
Sep 30 2023	n/a	n/a	CA$565m
Jun 30 2023	n/a	n/a	CA$254m
Mar 31 2023	n/a	n/a	CA$112m
Dec 31 2022	CA$6m	CA$900k	CA$4m
Sep 30 2022	n/a	n/a	CA$89m
Jun 30 2022	n/a	n/a	-CA$428m
Mar 31 2022	n/a	n/a	-CA$360m
Dec 31 2021	CA$7m	CA$794k	-CA$576m
Sep 30 2021	n/a	n/a	-CA$665m
Jun 30 2021	n/a	n/a	-CA$345m
Mar 31 2021	n/a	n/a	-CA$393m
Dec 31 2020	CA$3m	CA$625k	-CA$336m
Sep 30 2020	n/a	n/a	-CA$103m
Jun 30 2020	n/a	n/a	CA$84m
Mar 31 2020	n/a	n/a	CA$144m
Dec 31 2019	CA$3m	CA$598k	CA$52m
Sep 30 2019	n/a	n/a	-CA$136m
Jun 30 2019	n/a	n/a	-CA$273m
Mar 31 2019	n/a	n/a	-CA$378m
Dec 31 2018	CA$2m	CA$531k	-CA$248m
Sep 30 2018	n/a	n/a	-CA$271m
Jun 30 2018	n/a	n/a	-CA$212m
Mar 31 2018	n/a	n/a	-CA$125m
Dec 31 2017	CA$2m	CA$500k	-CA$190m

Compensation vs Market: John's total compensation ($USD4.22M) is above average for companies of similar size in the German market ($USD1.61M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Kousinioris (58 yo)

3.1yrs

Tenure

CA$5,805,768

Compensation

Mr. John Harry Kousinioris has been President, Chief Executive Officer and Director at TransAlta Corporation since April 1, 2021. Mr. Kousinioris served as Chief Operating Officer at TransAlta Corporation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Kousinioris	President	3.1yrs	CA$5.81m	0.16% CA$ 3.1m
Todd Stack	Executive VP of Finance & CFO	5yrs	CA$1.87m	0.056% CA$ 1.1m
Jane Fedoretz	Executive VP of People & Culture and Chief Administrative Officer	1.3yrs	CA$2.02m	0.047% CA$ 891.7k
Kerry Wilks	Executive Vice President of Growth & Energy Marketing	1.3yrs	CA$2.01m	no data
Chris Fralick	Executive Vice President of Generation	1.7yrs	CA$1.65m	no data
Chiara Valentini	Manager of Investor Relations	no data	no data	no data
Nancy Brennan	Executive Vice President of Legal	no data	no data	no data
Stacey Hatcher	Manager of Communications	9.9yrs	no data	no data
Maria Perry	MD of People & Talent	no data	no data	no data
Aron Willis	Executive Vice President of Project Delivery & Construction	7.3yrs	CA$1.36m	0.045% CA$ 862.8k
Gary Woods	Managing Director of Gas & Renewables	no data	no data	0% CA$ 0
Blain van Melle	Executive Vice President of Commercial & Customer Relations	5.3yrs	no data	0.073% CA$ 1.4m

4.0yrs

Average Tenure

52yo

Average Age

Experienced Management: TZ1's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kousinioris	President	3.1yrs	CA$5.81m	0.16% CA$ 3.1m
Sarah Slusser	Independent Director	3yrs	CA$199.50k	no data
Harry Goldgut	Independent Director	5.1yrs	CA$195.00k	0.025% CA$ 482.4k
Alan Fohrer	Independent Director	11.1yrs	CA$221.00k	0.0021% CA$ 39.8k
John Dielwart	Independent Chair of the Board	9.6yrs	CA$330.00k	0.017% CA$ 330.8k
Thomas O'Flynn	Independent Director	3yrs	CA$201.00k	0.0017% CA$ 32.2k
James Reid	Independent Director	3yrs	CA$195.00k	0.010% CA$ 197.3k
Manjit Sharma	Independent Director	1.3yrs	CA$201.00k	no data
Sandra Sharman	Independent Director	4.1yrs	CA$224.50k	no data
Bryan Pinney	Independent Director	6.1yrs	CA$220.00k	0.012% CA$ 231.7k
Laura Folse	Independent Director	3yrs	CA$224.50k	no data
Candace MacGibbon	Independent Director	1.1yrs	CA$136.33k	0.0018% CA$ 33.4k

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: TZ1's board of directors are considered experienced (3 years average tenure).

TransAlta Management

Management criteria checks 3/4

Key information

Recent management updates

TransAlta Corporation Announces CFO Changes

TransAlta Corporation, Annual General Meeting, Apr 25, 2024

Insider recently sold €108k worth of stock

TransAlta Corporation, Annual General Meeting, Apr 28, 2023

Transalta Corporation Appoints Manjit Sharma to the Board of Directors Effective January 1, 2023

High number of new directors

Recent updates

TransAlta Corporation Declares Quarterly Dividend on Common Shares, Payable on July 1, 2024

TransAlta Corporation Announces CFO Changes

TransAlta Corporation to Report Q1, 2024 Results on May 03, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: CA$2.33 (vs CA$0.015 in FY 2022)

Upcoming dividend of CA$0.06 per share

TransAlta Corporation, Annual General Meeting, Apr 25, 2024

TransAlta Corporation to Report Q4, 2023 Results on Feb 23, 2024

Upcoming dividend of CA$0.055 per share at 2.0% yield

TransAlta Corporation Provides Production Guidance for the Full Year 2024

Third quarter 2023 earnings released: EPS: CA$1.41 (vs CA$0.23 in 3Q 2022)

Ransalta Corporation Declares Quarterly Dividend Payable on January 1, 2024

TransAlta Corporation to Report Q3, 2023 Results on Nov 07, 2023

TransAlta Corporation (TSX:TA) completed the acquisition of remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW) from TortoiseEcofin Investments, LLC and others.

New minor risk - Shareholder dilution

TransAlta Corporation (TSX:TA) completed the acquisition of remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW).

Upcoming dividend of CA$0.055 per share at 1.6% yield

Second quarter 2023 earnings released: EPS: CA$0.23 (vs CA$0.29 loss in 2Q 2022)

Transalta Corporation Declares Quarterly Dividend, Payable on October 1, 2023

Transalta Corporation Declares Quarterly Dividend, Payable on October 1, 2023

New minor risk - Shareholder dilution

TransAlta Corporation (TSX:TA) entered into a definitive arrangement agreement to acquire remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW) from shareholders for CAD 1.3 billion.

TransAlta Corporation to Report Q2, 2023 Results on Aug 04, 2023

Upcoming dividend of CA$0.055 per share at 1.7% yield

First quarter 2023 earnings released: EPS: CA$1.10 (vs CA$0.69 in 1Q 2022)

Insider recently sold €108k worth of stock

Full year 2022 earnings released: EPS: CA$0.015 (vs CA$2.13 loss in FY 2021)

Upcoming dividend of CA$0.055 per share at 1.8% yield

TransAlta Corporation, Annual General Meeting, Apr 28, 2023

TransAlta Corporation to Report Q4, 2022 Results on Feb 23, 2023

Transalta Corporation Appoints Manjit Sharma to the Board of Directors Effective January 1, 2023

TransAlta Corporation Declares a Quarterly Dividend, Payable on April 1, 2023

Upcoming dividend of CA$0.055 per share

High number of new directors

Third quarter 2022 earnings released: EPS: CA$0.23 (vs CA$1.68 loss in 3Q 2021)

Transalta Corporation Announces Retirement of Beverlee Park from Board of Directors

TransAlta Corporation to Report Q3, 2022 Results on Nov 08, 2022

Upcoming dividend of CA$0.05 per share

Second quarter 2022 earnings released: CA$0.29 loss per share (vs CA$0.044 loss in 2Q 2021)

TransAlta Corporation Provides Dividend Guidance for 2022

TransAlta Corporation Declares Quarterly Dividend, Payable on October 1, 2022

TransAlta Corporation to Report Q2, 2022 Results on Aug 05, 2022

Upcoming dividend of CA$0.05 per share

Insider recently sold €1.1m worth of stock

First quarter 2022 earnings released: EPS: CA$0.69 (vs CA$0.11 loss in 1Q 2021)

TransAlta Corporation Declares Quarterly Dividend, Payable on July 1, 2022

High number of new directors

TransAlta Corporation to Report Q1, 2022 Results on May 06, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of CA$0.05 per share

TransAlta Corporation, Annual General Meeting, Apr 28, 2022

Transalta Announces 300 MW White Rock Wind Project

Upcoming dividend of CA$0.05 per share

Third quarter 2021 earnings released

Upcoming dividend of CA$0.045 per share

Second quarter 2021 earnings released: CA$0.044 loss per share (vs CA$0.22 loss in 2Q 2020)

ATCO Gas and Pipelines Ltd. Completed the acquisition of Pioneer Pipeline in Alberta from TransAlta Corporation (TSX:TA) and Tidewater Midstream and Infrastructure Ltd. (TSX:TWM).

Upcoming dividend of CA$0.045 per share

First quarter 2021 earnings released: CA$0.11 loss per share (vs CA$0.097 profit in 1Q 2020)

TransAlta Corporation Provides Annual Dividend Guidance for the Year 2021

Independent Director has left the company

Independent Director has left the company

TransAlta Corporation Declares Quarterly Dividend, Payable on July 1, 2021

Chief Development Officer has left the company

President, CEO & Non-Independent Director Dawn Farrell has left the company

Insider recently sold €144k worth of stock

Insider recently bought €84k worth of stock

Full year 2020 earnings released: CA$1.22 loss per share (vs CA$0.18 profit in FY 2019)

Revenue misses expectations