Joseph Finland
About Joseph Finland
Joseph P. Finland is DT Midstream’s Chief Accounting Officer (CAO), appointed effective September 17, 2025 (age 43) . He joined DTM in July 2021 (Director, FP&A) and moved to Director, Accounting & Tax in October 2024 before becoming CAO; prior to DTM, he was Manager, Business Forecasting & Reporting at DTE Energy (2018–2021) . Company performance context during his DT Midstream tenure: 2024 adjusted EBITDA of $969 million and net income of $354 million; since the July 1, 2021 spin-off, the “$100 investment” TSR value reached 280.16 in 2024 . In Q3 2025, DTM reported net income of $115 million and adjusted EBITDA of $288 million, raised 2025 adjusted EBITDA guidance to $1,115–$1,145 million, and reaffirmed 2026 adjusted EBITDA outlook of $1,155–$1,225 million . Education not disclosed in filings reviewed.
Past Roles
| Organization | Role | Years | Strategic impact/notes |
|---|---|---|---|
| DT Midstream | Chief Accounting Officer | Sep 17, 2025–present | Appointed CAO; CFO Jeffrey Jewell remained in role, supporting continuity in finance leadership . |
| DT Midstream | Director, Accounting & Tax | Oct 2024–Sep 2025 | Progression to lead accounting/tax ahead of CAO appointment . |
| DT Midstream | Director, Financial Planning & Analysis | Jul 2021–Oct 2024 | Joined post-spin to lead FP&A at the newly public company . |
| DTE Energy | Manager, Business Forecasting & Reporting | May 2018–Jun 2021 | Managed forecasting/reporting prior to DTM spin . |
External Roles
No public company board or external directorships disclosed in the appointment 8-K or subsequent filings reviewed .
Fixed Compensation
No role-specific compensation (base salary, target bonus, perquisites) for Mr. Finland was disclosed in the CAO appointment 8-K; it also notes no related-party arrangements or family relationships . Company-wide governance features relevant to officers include: anti-hedging and anti-pledging prohibitions for officers and directors , and a compensation clawback policy applicable to executive officers in the event of an accounting restatement .
Performance Compensation
Note: Mr. Finland’s individual targets and payouts were not disclosed. The following tables show DT Midstream’s disclosed incentive frameworks and 2024 corporate results used to determine executive annual incentive payouts, and the structure/results of performance share awards applicable company-wide.
- 2024 Annual Incentive Plan (company scorecard used for NEOs/executives)
| Metric | Weight | Threshold | Target | Maximum | 2024 Result | Payout | Weighted Payout |
|---|---|---|---|---|---|---|---|
| Adjusted EBITDA ($mm) | 60% | 930 | 955 | 980 | 969 | 155.20% | 93.12% |
| Business Development | 15% | See plan | See plan | See plan | See plan | 178.00% | 26.70% |
| Operating Performance | 10% | See plan | See plan | See plan | See plan | 155.20% | 15.52% |
| Compressor Reliability | 2.5% | 96.5% | 97.5% | 98.5% | 98.8% | 200.00% | 5.00% |
| Treating Plant Run Time | 2.5% | 98.5% | 99.0% | 99.5% | 100% | 200.00% | 5.00% |
| ESG Initiatives | 5% | See plan | See plan | See plan | See plan | 200.00% | 10.00% |
| OSHA Recordable Incident Rate | 5% | 1.67 | 0.92 | 0.51 | 0 | 200.00% | 10.00% |
| Total | 100% | — | — | — | — | — | 165.34% |
- Long-Term Incentive Plan – Performance Shares (3-year)
| Metric (award vintage) | Weight | Threshold | Target | Maximum | 2022 grant performance (thru 12/31/2024) | Payout |
|---|---|---|---|---|---|---|
| TSR vs LTIP peer group (2022 grant) | 75% | 25th pct | 50th pct | 75th pct | 75th pct | 200% |
| Leverage ratio (Net Debt / Adjusted EBITDA) (2022 grant) | 25% | 4.20 | 4.07 | 3.94 | 3.87 (adjusted per acquisition) | 200% |
| Total 2022 grant payout | 100% | — | — | — | — | 200% |
Notes: LTIP peer list and metrics disclosed; for 2024 grants, 70% performance shares and 30% time-based RSUs; performance measured on relative TSR and leverage ratio over 3 years . The Board adjusted 2024 leverage for the Midwest Pipeline Acquisition when certifying results for outstanding grants .
Equity Ownership & Alignment
- Form 3 (initial beneficial ownership) filed September 23, 2025 lists multiple RSU awards; the excerpted filing shows the following derivative holdings and no non-derivative common shares in the displayed section:
| Security | Underlying common shares | Ownership form | As of |
|---|---|---|---|
| Restricted Stock Units (various tranches) | 316.8922 | Direct (D) | Sep 23, 2025 |
| Restricted Stock Units (various tranches) | 2,036.6646 | Direct (D) | Sep 23, 2025 |
| Restricted Stock Units (various tranches) | 336.63 | Direct (D) | Sep 23, 2025 |
| Restricted Stock Units (various tranches) | 179.9373 | Direct (D) | Sep 23, 2025 |
| Restricted Stock Units (various tranches) | 772.6125 | Direct (D) | Sep 23, 2025 |
- Anti-hedging/pledging: Officers and directors are expressly prohibited from hedging or pledging Company stock, including margin accounts .
- Shares outstanding reference point (for context): 101,590,686 common shares as of March 12, 2025 (proxy record date) .
Note: The Form 3 excerpt displays RSUs and indicates vesting dates via footnote references; full vesting footnotes were not reproduced in the excerpt we located .
Employment Terms
- Appointment effective date and background: Appointed CAO effective September 17, 2025; no family relationships; no arrangements/understandings for appointment; no related-party transactions under Item 404(a) .
- Clawback: Executive compensation clawback policy applies in the event of an accounting restatement (SEC-compliant) .
- Insider trading compliance: Finland is a “duly authorized officer” signing the Q3 2025 10-Q; officers are subject to the Company’s insider trading policy and blackout controls .
Severance, non-compete, change-in-control, or individual equity award terms for Mr. Finland were not disclosed in the appointment filing; the 2025 proxy discusses such provisions for Named Executive Officers generally, but Mr. Finland was not among the 2024 NEOs .
Performance & Track Record (Company context during tenure)
| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Value of $100 investment (TSR index) | 117.18 | 141.56 | 148.29 | 280.16 |
| Adjusted EBITDA ($mm) | 768 | 830 (Alt calc 841) | 924 | 969 |
| Net Income ($mm) | 307 | 370 | 384 | 354 |
Recent update: Q3 2025 net income $115mm and adjusted EBITDA $288mm; 2025 adjusted EBITDA guidance raised to $1,115–$1,145mm, 2026 outlook $1,155–$1,225mm .
Board/Governance & Policies (relevant to officers)
- Anti-hedging/anti-pledging for officers/directors; insider trading policy .
- Compensation practices emphasize performance-based pay and independent oversight by the O&C Committee .
- Company utilizes independent compensation consultant Meridian; peer groups and metrics disclosed .
Investment Implications
- Alignment and retention: Finland’s equity exposure is in unvested RSUs across several tranches (per Form 3), which are subject to service-based and plan terms; prohibitions on pledging/hedging reduce misalignment and margin-call risk . The Company’s incentive mix (AIP tied to EBITDA, safety/operations/ESG and LTIP tied to relative TSR/leverage) indicates strong pay-for-performance norms across the officer ranks .
- Selling pressure: With anti-pledging rules and no sales disclosed in the appointment item, near-term forced selling overhang from the CAO specifically appears limited; monitor future Form 4 filings around vest dates and blackout windows for potential tax-withholding sells .
- Execution backdrop: Finance leadership continuity (CFO retained his role) and the Company’s improved 2025 outlook support a constructive operating backdrop during Finland’s transition to CAO, though individual compensation/contract terms for him are not yet disclosed, leaving limited visibility on personal retention economics .