Linda Dorcena Forry
EVERSOURCE ENERGYAbout Linda Dorcena Forry
Independent Trustee of Eversource Energy since 2018; age 51. Principal of LDF Holdings, LLC and co-publisher of Reporter Newspapers. Education: B.A., Boston College Carroll School of Management (1998); M.P.A., Harvard Kennedy School (2014). Prior roles include Vice President of Diversity, Inclusion & Community Relations at Suffolk Construction (2018–2022) and elected service in the Massachusetts Senate (2013–2018; Assistant Majority Whip in 2017) and Massachusetts House of Representatives (2005–2013) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Suffolk Construction | Vice President, Diversity, Inclusion & Community Relations | 2018–2022 | Led workforce/community engagement strategy in a large construction enterprise |
| Massachusetts Senate | Senator; Assistant Majority Whip | 2013–2018; Whip in 2017 | Policy-making experience; legislative leadership |
| Massachusetts House of Representatives | State Representative | 2005–2013 | Policy-making experience; community representation |
| City of Boston – Dept. of Neighborhood Development | Executive Staff | Not disclosed | Municipal development and community relations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| LDF Holdings, LLC | Principal | Current | Business leadership |
| Reporter Newspapers (Dorchester Reporter, Boston Irish Magazine, Boston Haitian Reporter) | Co-publisher | Current | Community journalism |
| Edward M. Kennedy Institute | Board/Advisor | Current | Civic/non-profit board role |
| John F. Kennedy Library Advisory Board | Advisory Board | Current | Civic/non-profit board role |
| Boys and Girls Club of Dorchester | Board | Current | Community engagement |
| Make-A-Wish Foundation (MA & RI) | Board | Current | Community engagement |
| BIDMC Trustee Advisory Board | Advisory Board | Current | Health system advisory |
| Rappaport Institute for Greater Boston (Harvard Kennedy School) | Board/Advisor | Current | Policy/academic advisory |
| National Haitian American Elected Officials Network (NHAEON) | Network leadership | Current | Community/policy network |
Board Governance
- Independence: Affirmed independent by the Board on January 29, 2025; also meets Audit Committee independence requirements .
- Committee Assignments: Audit Committee (member) and Governance, Environmental and Social Responsibility (GESR) Committee (member) .
- Attendance: Each Trustee attended at least 75% of Board and Committee meetings in 2024; Board held 8 meetings (4 executive sessions of independent Trustees). Audit met 6x; GESR met 4x .
- Board Leadership: Lead Independent Trustee is Daniel J. Nova (since 2024); CEO/Chair is Joseph R. Nolan, Jr. .
- Executive Sessions: Company holds at least three independent Trustee meetings annually .
Fixed Compensation
| Compensation Element (Non-Employee Trustees) | Amount/Terms | Notes |
|---|---|---|
| Annual Cash Retainer (2024) | $120,000 | Paid to each non-employee Trustee; no meeting fees |
| Annual Stock Retainer (RSUs basis amount, 2024 plan) | $165,000 | RSU grant sized to this value; generally vests next business day; deferral election available |
| Lead Independent Trustee Retainer (2024) | $35,000 | Additional cash retainer |
| Committee Chair Retainers (2024) | Audit $25,000; Compensation $20,000; GESR $15,000; Finance $15,000 | Audit Vice Chair $7,500 (role eliminated May 1, 2024) |
| 2025 Program Changes | Cash retainer increased to $125,000; RSU basis to $175,000; Finance and GESR Chair retainers +$5,000 | Effective Jan 1, 2025 |
| Linda Dorcena Forry – 2024 Trustee Compensation | Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Reported 2024 | $120,000 | $154,372.32 | $274,372.32 |
| Citations |
- Mix: Forry’s 2024 compensation was ~44% cash and ~56% equity by grant-date value (derived from amounts above) .
- Deferrals: Trustees may defer cash compensation; Forry not listed among those who deferred in 2024 (Doyle, Kim, Nova deferred 100%; Jones 75%) .
- Policies: No meeting fees; no tax gross-ups for spouse travel; Trustee compensation capped under Incentive Plan .
Performance Compensation
| Equity Award | Grant Date | Shares Granted | Grant-Date Price/Value | Vesting | Other Terms |
|---|---|---|---|---|---|
| Annual RSU grant (all Trustees) | Jan 15, 2025 | 3,092 | $55.98/share; $154,372.32 | Vested Jan 16, 2025 | Deferrable until post-retirement per guidelines |
| Director equity program design | Ongoing | N/A | Basis amount as above | RSUs vest next business day | No options; no dividends before vesting; no repricing/discounts |
- No performance metrics are tied to Trustee equity grants; awards are time-based RSUs sized to fixed retainer values, consistent with market practice .
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Public company boards | None disclosed for Forry |
| Non-profit/academic boards | See External Roles table (multiple civic/health/policy organizations) |
| Committee roles elsewhere | Not specified beyond advisory/board memberships |
| Potential interlocks/conflicts | Board’s annual review found no material relationships impairing independence; no Related Person Transactions for Trustees as of Jan 29, 2025 |
Expertise & Qualifications
- Policy-making experience in state/local government; community relations and workforce engagement expertise from Suffolk Construction role .
- Contributes to ESG and stakeholder oversight via GESR Committee membership; Audit Committee service indicates financial literacy per committee requirements .
- Academic credentials (Boston College; Harvard Kennedy School) aligned with governance and public policy competencies .
Equity Ownership
| Ownership Metric | Amount | Notes |
|---|---|---|
| Beneficial ownership (Feb 24, 2025) | 10,994 shares | Sole voting/investment power, except as noted by plan units |
| RSUs/deferred shares credited (Dec 31, 2024) | 9,924 units | No voting/investment power; includes dividend equivalents |
| Shares outstanding (Record date) | 367,081,902 | For percent ownership calculation |
| Ownership as % of shares outstanding | ~0.003% | Computed from 10,994/367,081,902 |
| Hedging/pledging | Prohibited for Trustees and executives | Governance policy |
| Director ownership guidelines | 5x annual cash retainer market value; must hold/defer annual stock retainer until met | Applies to all Trustees |
Governance Assessment
- Board effectiveness: Independent Trustee since 2018 with active committee roles (Audit; GESR), meeting financial literacy standards and contributing to ESG oversight .
- Independence & conflicts: Independence affirmed (Jan 29, 2025); no related person transactions involving Trustees; utility services to Trustees treated as ordinary-course and immaterial .
- Engagement & attendance: At least 75% attendance; Board held 8 meetings including 4 independent executive sessions; Audit (6) and GESR (4) meetings indicate regular engagement cadence .
- Alignment & incentives: Equity retainer in RSUs with restrictive holding/deferral until ownership guideline met; hedging/pledging prohibited—supports alignment with shareholders .
Red Flags
- None disclosed for Forry: no Section 16(a) delinquencies noted; no related-party transactions; no pledging/hedging permitted under policy .