Brian X. Tierney
Also at FirstEnergy Corp
About
Brian X. Tierney is a seasoned executive with extensive experience in the energy and infrastructure sectors. He has played a pivotal role in driving operational transformation and financial discipline at FE, steering the company through major capital investment initiatives and grid reliability improvements.
Prior to his leadership at FE, he held senior roles in renowned organizations, including serving as Senior Managing Director and Global Head of Operations and Asset Management at Blackstone Infrastructure Partners and spending more than two decades at American Electric Power where he significantly influenced strategy and financial operations.
Throughout his career, Tierney has demonstrated a deep commitment to innovation and excellence, consistently advancing business strategies in a competitive industry. His strategic vision and operational expertise have not only redefined the companies he has served but also set a benchmark for leadership in the energy sector.
In addition to his professional accomplishments, he has a history of meaningful service, having served as a Peace Corps volunteer in the Republic of the Philippines. This global engagement underscores his commitment to community service and international outreach, complementing his robust career in corporate leadership.
$FE Performance Under Brian X. Tierney
Past Roles
Fixed Compensation
Performance Compensation
Short-Term Incentive Plan (STIP)
- Payout Details: Actual payout was $1,573,767 (119% of the target).
- Vesting / Proration: Payout was prorated based on the June 1, 2023, appointment.
- Notes: This is a cash-based incentive with a maximum payout capped at 200% (i.e., $2,638,356).
Long-Term Incentive Plan (LTIP)
- Grant Date & Fair Value:
- Grant Date: March 1, 2023.
- Grant Date Fair Value: $5,956,545 for stock-based RSUs and $2,965,209 for cash-based RSUs.
- Vesting Schedule: Three-year performance period with cliff vesting on March 1.
- Notes: Awards are 100% performance-based and may be settled in stock or cash, with dividend equivalent units reinvested based on the average high and low stock prices on the payable date.