other material
confidence high
sentiment neutral
materiality 0.30
DTE Energy sets 2024 AIP and LTIP metrics for executives; targets up to 525% salary
DTE ENERGY CO
- 2024 AIP measures for DTE Energy execs: Operating EPS (20%), Cash From Operations (20%), Customer Satisfaction (15%), Employee Engagement (5%), Safety (10%), Utility Operating Excellence Index (30%).
- 2024 AIP for DTE Vantage execs: DTE Energy Operating EPS (10%), Vantage Operating Earnings (35%), Cash from Ops (5%), Engagement (5%), Safety (10%), Business Development Index (35%).
- Target awards range from 70% to 135% of base salary for named executive officers; payout can be 0% to 200% based on performance.
- LTIP 2024 grants (payable 2027): targets range from 180% to 525% of salary; performance shares measured over 3 years with 0-200% payout.
- LTIP performance measures: DTE Energy: TSR vs peers (80%) and 3-year cumulative operating EPS (20%). DTE Vantage: TSR vs peers (40%), EPS (10%), long-range earnings growth (50%).