Dte Energy Company (DTE) has released an update to notify the public and investors about its officers.
DTE Energy Company has set the performance measures for its Annual Incentive Plan and Long-Term Incentive Plan to align executive compensation with company success in 2024. For the Annual Incentive Plan, the metrics for executive officers include operating earnings per share, cash from operations, and customer satisfaction, among others, with varying weightings. Target annual incentive awards for executives are pegged at 70% to 135% of their base salary, with actual payouts determined by performance against set targets. Meanwhile, the Long-Term Incentive Plan, which pays out in stock-based compensation, sets targets at 180% to 525% of base salary, rewarding long-term growth and profitability through measures like shareholder return and cumulative operating EPS.
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For a comprehensive understanding of the announcement, you can read the full document here.
