Sundar PichaiSundar Pichai earned $164M in 2023

William H. Spence served as the CEO of PPL Corporation from June 1, 2016, to May 31, 2020. Coming from a solid engineering background, he holds a Bachelor’s degree in Electrical Engineering from the University of Delaware, which laid the...

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William H. Spence

Ex-CEO of PPL

Education

Bachelor's degree in Electrical Engineering from the University of Delaware

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Utilities

Born

January 1, 1958 - 67 years ago

CEO of PPL for

3 years 11 months (Jun 2016 - May 2020)

Previous Experience

Executive Vice President and Chief Operating Officer of PPL Corporation

Holdings

See how much did William H. Spence make over time.

During his time at PPL, William H. Spence saw notable changes in his stock holdings. His insider trading activities peaked in late 2020 with trade values peaking at around $11.12 million in December. Spence’s holdings fluctuated throughout his leadership, with...

Charitable Transactions

WMB

15,500 shares

WMB

Recent Charitable Transactions

WMB

15,500 shares

WMB

Nov 18, 2024

Charity

Insider Trading

See recent insider trades of William H. Spence.

WMB

15,500 shares

WMB

Nov 18, 2024

Charity

Compensation History

See how much did William H. Spence make over time.

In 2020, William H. Spence's total compensation at PPL Corporation amounted to approximately $9.93 million. This package included a base salary of $561,442, with significant contributions from vested stock worth around $5.7 million. Despite not receiving any bonuses in his final year, his overall earnings reflected his long-term commitment to the company. The previous year, his compensation was slightly lower at about $9.84 million, emphasizing the performance-based incentives that characterized his pay structure. Throughout his tenure, Spence’s salary and stock vesting were aligned with PPL’s performance metrics, demonstrating a dedication to shareholder value, which was crucial in guiding the company’s strategy during shifting market landscapes.

Year

2020

Total Compensation

$8.84M

Salary

$561.44K

Board Justification

PPL Corporation's compensation philosophy is designed to align executive compensation with performance and shareholder interests, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2020.

Other

$2.57M

Board Justification

This includes retirement benefits, matching contributions, and other perquisites.

Restricted Stock

$5.71M(5.71M RSU)

Board Justification

This amount represents the value of stock awards that vested during 2020, including performance units and restricted stock units.

Performance Metrics

Compensation is based on earnings per share, net income from ongoing operations, operational goals, total shareholder return, and return on equity.