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    Ralph A. LaRossa

    Chairman, President, and CEO of PSEG at PPUBLIC 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 NameAmountPayment ScheduleAdditional 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)

    MetricValueDetails
    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 MetricsCorporate EPS, Business Unit Earnings, Business Unit Scorecard, Strategic Goals Metrics can vary from 0% to 200% of target based on achievement
    VestingN/A Cash-based incentive; payout based on 2023 performance (finalized February 2024)

    Performance Share Units (PSUs)

    MetricValueDetails
    Grant DateFeb 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 Shares82,378 Number of PSU shares targeted
    Maximum Shares164,756 200% of target shares
    Performance MetricsRelative TSR (50%), EPS Growth (25%), ESG Priorities (25%) Metrics evaluated over a three-year period (2023–2025)
    Vesting ScheduleEnd 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)

    MetricValueDetails
    Grant DateFeb 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 Granted39,242 Number of Restricted Stock Units granted
    PSUs Performance MetricsRelative TSR (50%), Relative ROIC (50%) Evaluated over a three-year period (2023–2025)
    Vesting - PSUsVest at end of period: Dec 31, 2025 Based on overall performance goals
    Vesting - RSUsGraded vesting over three years from grant date Continued employment or retirement eligibility required