Eversource Energy Management

Management criteria checks 2/4

Eversource Energy's CEO is Joe Nolan, appointed in May 2021, has a tenure of 3.5 years. total yearly compensation is $18.89M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth $7.87M. The average tenure of the management team and the board of directors is 4.8 years and 5.5 years respectively.

Key information

Joe Nolan

Chief executive officer

US$18.9m

Total compensation

CEO salary percentage	7.0%
CEO tenure	3.5yrs
CEO ownership	0.03%
Management average tenure	4.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Joe Nolan's remuneration changed compared to Eversource Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$549m
Jun 30 2024	n/a	n/a	-US$92m
Mar 31 2024	n/a	n/a	-US$412m
Dec 31 2023	US$19m	US$1m	-US$442m
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$13m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$6m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$5m	US$631k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$935m
Dec 31 2019	US$6m	US$590k	US$909m
Sep 30 2019	n/a	n/a	US$890m
Jun 30 2019	n/a	n/a	US$861m
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$3m	US$562k	US$1b

Compensation vs Market: Joe's total compensation ($USD18.89M) is above average for companies of similar size in the UK market ($USD5.69M).

Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.

CEO

Joe Nolan (60 yo)

3.5yrs

Tenure

US$18,885,577

Compensation

Mr. Joseph R. Nolan, Jr. also known as Joe, is Chairman of NSTAR Gas Company. Mr. Nolan serves as an Independent Director at Needham Bank sine 2023. He serves as an Independent Director Nb Bancorp, Inc. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joseph Nolan	President	3.5yrs	US$18.89m	0.034% $ 7.9m
John Moreira	Executive VP. CFO & Treasurer	6.2yrs	US$4.21m	0.0050% $ 1.1m
Gregory Butler	Executive VP & General Counsel	23.5yrs	US$2.60m	0.020% $ 4.5m
James Hunt	Executive VP of Corporate Relations & Sustainability and Secretary	3.5yrs	US$2.06m	0.0041% $ 951.9k
Paul Chodak	Executive VP & COO	less than a year	no data	0.0012% $ 273.6k
Jay Buth	VP, Controller & Chief Accounting Officer	15.4yrs	no data	0.0061% $ 1.4m
Jeffrey Kotkin	Vice President of Investor Relations	23.4yrs	no data	no data
Duncan MacKay	Chief Compliance Officer & Deputy General Counsel	no data	no data	no data
Susan Sgroi	Executive VP of Human Resources & Information Technology	less than a year	no data	no data
Penelope McLean-Conner	Executive Vice President of Customer Experience & Energy Strategy	11.7yrs	no data	0.0025% $ 577.1k
Rima Hyder	Vice President of Investor Relations	less than a year	no data	no data
James Muntz	President of Transmission	no data	US$2.22m	no data

4.8yrs

Average Tenure

60yo

Average Age

Experienced Management: 0IJ2's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Joseph Nolan	President	3.5yrs	US$18.89m	0.034% $ 7.9m
Daniel Nova	Lead Independent Trustee	1.4yrs	US$167.57k	0.000060% $ 13.8k
Cotton Cleveland	Independent Trustee	32.8yrs	US$297.69k	0.0013% $ 298.9k
John Kim	Independent Trustee	6.8yrs	US$296.44k	0.0041% $ 940.4k
David Long	Independent Trustee	5.5yrs	US$282.69k	no data
Loretta Keane	Independent Trustee	1.8yrs	US$290.19k	no data
Gregory Jones	Independent Trustee	4.5yrs	US$282.69k	no data
Frederica Williams	Independent Trustee	12.6yrs	US$282.69k	no data
Linda Forry	Independent Trustee	6.5yrs	US$282.69k	0.0029% $ 657.6k

5.5yrs

Average Tenure

64yo

Average Age

Experienced Board: 0IJ2's board of directors are considered experienced (5.5 years average tenure).

Eversource Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Eversource Names Rima Hyder as New VP of Investor Relations

Eversource Energy, Annual General Meeting, May 01, 2024

Eversource Energy Announces Executive Changes, Effective on January 8, 2024

Eversource Energy Appoints Paul Chodak as Executive Vice President and Chief Operating Officer, Effective November 13, 2023

Executive VP & General Counsel recently sold US$964k worth of stock

Independent Trustee recently sold US$153k worth of stock

Recent updates

Third quarter 2024 earnings released: US$0.33 loss per share (vs US$0.97 profit in 3Q 2023)

Second quarter dividend of US$0.71 announced

Eversource Energy Approves Quarterly Dividend, Payable on September 30, 2024

Eversource Names Rima Hyder as New VP of Investor Relations

New minor risk - Shareholder dilution

Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.044 in 2Q 2023)

First quarter dividend of US$0.71 announced

Eversource Energy Reaffirms Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$1.49 (vs US$1.41 in 1Q 2023)

Eversource Energy, Annual General Meeting, May 01, 2024

Upcoming dividend of US$0.71 per share

Full year 2023 earnings released: US$1.27 loss per share (vs US$4.05 profit in FY 2022)

Third quarter dividend increased to US$0.71

Eversource Energy Declares a Quarterly Dividend, Payable on March 29, 2024

Now 24% undervalued

Eversource Energy in Talks to Sell Stakes in Wind Projects

Now 20% undervalued after recent price drop

Eversource Energy Announces Executive Changes, Effective on January 8, 2024

Eversource Energy Approves Quarterly Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$0.97 (vs US$1.01 in 3Q 2022)

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Eversource Energy Appoints Paul Chodak as Executive Vice President and Chief Operating Officer, Effective November 13, 2023

Eversource Energy Approves Quarterly Dividend, Payable on September 29, 2023

Executive VP & General Counsel recently sold US$964k worth of stock

Eversource Energy Begins Drilling on First-in-the-Nation Geothermal Project

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0.044 (vs US$0.84 in 2Q 2022)

Upcoming dividend of US$0.68 per share at 3.5% yield

Eversource Energy Approves a Common Dividend, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$1.41 (vs US$1.29 in 1Q 2022)

Upcoming dividend of US$0.68 per share at 3.4% yield

Independent Trustee recently sold US$153k worth of stock

Full year 2022 earnings released: EPS: US$4.05 (vs US$3.55 in FY 2021)

Eversource Energy Declares Dividend, Payable on March 31, 2023

Eversource Energy Announces Board Changes, Effective January 1, 2023

Eversource Energy Declares Common Quarterly Dividend, Payable on December 30, 2022

Third quarter 2022 earnings released: EPS: US$1.01 (vs US$0.82 in 3Q 2021)

Eversource Energy Announces Board Changes

Executive VP & General Counsel recently sold US$457k worth of stock

Second quarter 2022 earnings released: EPS: US$0.84 (vs US$0.77 in 2Q 2021)

Insider recently sold US$367k worth of stock

Upcoming dividend of US$0.64 per share

First quarter 2022 earnings released: EPS: US$1.29 (vs US$1.07 in 1Q 2021)

Eversource Energy Approves Common Dividend, Payable on June 30, 2022

Independent Trustee recently sold US$156k worth of stock

Insider recently sold US$60k worth of stock

Upcoming dividend of US$0.64 per share

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

Eversource Energy Provides Earnings Guidance for the Year 2022

Eversource Energy Approves Quarterly Dividend, Payable on March 31, 2022

Third quarter 2021 earnings released: EPS US$0.82 (vs US$1.01 in 3Q 2020)

Independent Trustee recently sold US$55k worth of stock

Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.75 in 2Q 2020)

Eversource Energy(NYSE:ES) dropped from Russell 1000 Dynamic Index

Executive VP & General Counsel recently sold US$986k worth of stock

Independent Lead Trustee recently sold US$154k worth of stock

Upcoming dividend of US$0.60 per share

First quarter 2021 earnings released: EPS US$1.07 (vs US$1.01 in 1Q 2020)

Full year 2020 earnings released: EPS US$3.56 (vs US$2.83 in FY 2019)

Revenue beats expectations

Investor sentiment deteriorated over the past week

Market pulls back on stock over the past week

Market pulls back on stock over the past week

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$1.01

CEO Compensation Analysis

CEO

Tenure