other material
confidence high
sentiment neutral
materiality 0.30
DTE Energy approves 2022 AIP and 2024 LTIP performance metrics; raises TSR targets
DTE ENERGY CO
- 2022 AIP measures include Operating EPS (20%), Cash from Operations (20%), Customer Satisfaction (12%), and MPSC Complaints (8%) among others.
- Officer target awards under AIP range from 75% to 125% of base salary; CEO included.
- 2024 LTIP for DTE Energy/Electric: TSR vs. peers (80%) and 3-year cumulative operating EPS (20%).
- For DTE Vantage LTIP: TSR (40%), cumulative EPS (10%), and long-range earnings growth (50%).
- TSR target and maximum percentiles raised to 55th and 80th (from 50th and 75th) to support pay-for-performance.