TransAlta Management

Management criteria checks 3/4

TransAlta's CEO is John Kousinioris, appointed in Apr 2021, has a tenure of 3.5 years. total yearly compensation is CA$5.81M, comprised of 16.4% salary and 83.6% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $5.19M. The average tenure of the management team and the board of directors is 1.9 years and 3.5 years respectively.

Key information

John Kousinioris

Chief executive officer

CA$5.8m

Total compensation

CEO salary percentage	16.4%
CEO tenure	3.5yrs
CEO ownership	0.2%
Management average tenure	1.9yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

TransAlta Is Up 40% In 2021 And Is Poised To Repeat It In 2022 With Or Without Acquisition By Brookfield

Dec 14

TransAlta Investor Day: Clear Targets And Good Outlook, Though Valuations Are Mixed

Oct 13

TransAlta announces NCIB for shares

May 26

CEO Compensation Analysis

How has John Kousinioris's remuneration changed compared to TransAlta's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CA$566m
Mar 31 2024	n/a	n/a	CA$572m
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 ($USD4.18M) is below average for companies of similar size in the US market ($USD6.65M).

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

CEO

John Kousinioris (59 yo)

3.5yrs

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	3.5yrs	CA$5.81m	0.17% $ 5.2m
Jane Fedoretz	Executive VP of People & Culture and Chief Administrative Officer	1.8yrs	CA$2.02m	0.038% $ 1.2m
Kerry Wilks	Executive Vice President of Growth & Energy Marketing	1.8yrs	CA$2.01m	no data
Chris Fralick	Executive Vice President of Generation	2.1yrs	CA$1.65m	no data
Joel Hunter	Executive VP of Finance & CFO	less than a year	no data	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	10.3yrs	no data	no data
Maria Perry	MD of People & Talent	no data	no data	no data
Gary Woods	Managing Director of Gas & Renewables	no data	no data	no data
Blain van Melle	Executive Vice President of Commercial & Customer Relations	5.8yrs	no data	0.048% $ 1.5m
David Little	Senior Vice President of Growth	less than a year	no data	no data

1.9yrs

Average Tenure

57yo

Average Age

Experienced Management: TAC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kousinioris	President	3.5yrs	CA$5.81m	0.17% $ 5.2m
Sarah Slusser	Independent Director	3.4yrs	CA$199.50k	no data
Harry Goldgut	Independent Director	5.5yrs	CA$195.00k	0.026% $ 789.2k
Alan Fohrer	Independent Director	11.5yrs	CA$221.00k	0.0021% $ 64.9k
John Dielwart	Independent Chair of the Board	10yrs	CA$330.00k	0.020% $ 595.9k
Thomas O'Flynn	Independent Director	3.4yrs	CA$201.00k	0.0017% $ 52.5k
James Reid	Independent Director	3.4yrs	CA$195.00k	0.011% $ 322.8k
Manjit Sharma	Independent Director	1.8yrs	CA$201.00k	no data
Sandra Sharman	Independent Director	4.5yrs	CA$224.50k	no data
Bryan Pinney	Independent Director	6.5yrs	CA$220.00k	0.0037% $ 112.0k
Laura Folse	Independent Director	3.4yrs	CA$224.50k	no data
Candace MacGibbon	Independent Director	1.5yrs	CA$136.33k	0.0018% $ 54.6k

3.5yrs

Average Tenure

64yo

Average Age

Experienced Board: TAC's board of directors are considered experienced (3.5 years average tenure).

TransAlta Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold US$355k worth of stock

TransAlta Corporation Announces CFO Changes

TransAlta Corporation, Annual General Meeting, Apr 25, 2024

Insider recently sold US$116k 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

Recent updates

Second quarter dividend of CA$0.06 announced

Transalta Corporation Declares Quarterly Dividend on Common Shares, Payable on January 1, 2025

TransAlta Corporation to Report Q3, 2024 Results on Nov 05, 2024

Upcoming dividend of CA$0.06 per share

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.23 in 2Q 2023)

First quarter dividend of CA$0.06 announced

TransAlta Corporation Provides Production Guidance for the Third Quarter, Fourth Quarter, Full Year 2025 and 2026

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

TransAlta Corporation to Report Q2, 2024 Results on Aug 01, 2024

Insider recently sold US$355k worth of stock

Upcoming dividend of CA$0.06 per share

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: CA$0.72 (vs CA$1.10 in 1Q 2023)

Fourth quarter dividend of CA$0.06 announced

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

TransAlta: The Transition Must Accelerate

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS exceeds analyst expectations

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

TransAlta: A Major Player, A Good Buy At Below $10.5/Share

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: EPS and revenues exceed analyst expectations

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.

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

New minor risk - Shareholder dilution

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

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: EPS and revenues exceed analyst expectations

Insider recently sold US$116k worth of stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TransAlta Q4 2022 Earnings Preview

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

TransAlta declares CAD 0.055 dividend

Upcoming dividend of CA$0.055 per share

High number of new directors

TransAlta prices $400M senior green bond offering

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Transalta Corporation Announces Retirement of Beverlee Park from Board of Directors

TransAlta Q3 2022 Earnings Preview

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

Upcoming dividend of CA$0.05 per share

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TransAlta Corporation Provides Dividend Guidance for 2022

TransAlta Q2 2022 Earnings Preview

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

TransAlta declares CAD 0.05 dividend

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

TransAlta: Renewable Growth Stories At Great Valuations

Upcoming dividend of CA$0.05 per share

Insider recently sold US$1.1m worth of stock

First quarter 2022 earnings: EPS and revenues exceed analyst expectations