Ralph A. LaRossa

Chairman, President, and CEO of PSEG at PUBLIC SERVICE ENTERPRISE GROUP INC

Board

Since January 2023

Age

61 years

Education

Earned a Bachelor of Engineering (BE) in Engineering from Stevens Institute of Technology.

Tenure

Joined PEG in 1985 as an associate engineer and progressed through roles including President and COO before ultimately becoming Chairman, President, and CEO.

Also at PUBLIC SERVICE ENTERPRISE GROUP INC

CVM

Charles V. McFeaters

President and Chief Nuclear Officer, PSEG Nuclear LLC

DJC

Daniel J. Cregg

EVP and CFO of PSEG and PSE&G

KCH

Kim C. Hanemann

President and COO of PSE&G

About

Ralph A. LaRossa has established himself as a dedicated leader with decades of service at PEG. He began his career in 1985 and steadily advanced through various critical leadership roles, demonstrating expertise in business management, strategic planning, and regulatory matters.

Throughout his professional journey, he has driven operational excellence across multiple segments of the organization, holding positions such as President, COO, and ultimately, Chairman, President, and CEO. His strategic initiatives in risk management, cybersecurity, and technology have contributed significantly to the company’s overall success.

While his documented biography highlights his extensive professional contributions and academic credentials, no additional personal interests or external endeavors beyond his work at PEG have been detailed in the sources.

$PEG Performance Under Ralph A. LaRossa

Past Roles

Organization [Source]	Role [Source]	Date Range [Source]	Details
PSEG Long Island LLC	Chair of the Board	December 2020 to August 2022	N/A
PSEG	Chief Operating Officer (COO)	January 2020 to August 2022	N/A
PSEG Power	President and COO	October 2017 to August 2022	N/A
PSE&G	President and COO	October 2006 to October 2017	N/A
PSE&G	Associate Engineer	Joined in 1985	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,293,800	Annual (effective January 1, 2023)	Annualized base salary as Chair of the Board, President, and CEO

Performance Compensation

Data from FY 2023

Annual Incentive (MICP)

Metric	Value	Details
Threshold Payout	$840,970	Minimum performance level required to earn any payout
Target Payout	$1,681,940	100% payout level
Maximum Payout	$3,363,880	200% payout level (cap)
Performance Metrics	Corporate EPS, Business Unit Earnings, Business Unit Scorecard, Strategic Goals	Metrics can vary from 0% to 200% of target based on achievement
Vesting	N/A	Cash-based incentive; payout based on 2023 performance (finalized February 2024)

Performance Share Units (PSUs)

Metric	Value	Details
Grant Date	Feb 14, 2023	Date of grant for the PSUs
Grant Date Fair Value	$5,600,056	Total fair value of the PSU grant
Weighted Avg Grant Date Stock Price	$67.99 per share	Implied stock price for PSU valuation
Target Shares	82,378	Number of PSU shares targeted
Maximum Shares	164,756	200% of target shares
Performance Metrics	Relative TSR (50%), EPS Growth (25%), ESG Priorities (25%)	Metrics evaluated over a three-year period (2023–2025)
Vesting Schedule	End of period: Dec 31, 2025; or 1/36th per month if retirement-eligible	Vesting based on achievement of performance metrics

Long-Term Incentive Plan (LTIP)

Metric	Value	Details
Grant Date	Feb 14, 2023	Combined LTIP grant date
Total Grant Date Fair Value	$8,000,097	Sum of PSUs ($5,600,056 ) and RSUs ($2,400,041 )
RSUs Shares Granted	39,242	Number of Restricted Stock Units granted
PSUs Performance Metrics	Relative TSR (50%), Relative ROIC (50%)	Evaluated over a three-year period (2023–2025)
Vesting - PSUs	Vest at end of period: Dec 31, 2025	Based on overall performance goals
Vesting - RSUs	Graded vesting over three years from grant date	Continued employment or retirement eligibility required