secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0001193125-22-108775
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSEG CEO Ralph Izzo to retire; COO Ralph LaRossa named successor effective Sept 1, 2022
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- Ralph Izzo retires as President/CEO Aug 31, 2022; becomes executive chair with unchanged comp through Dec 31, 2022.
- Board elected COO Ralph LaRossa as President/CEO effective Sept 1, 2022; to become board chair Jan 1, 2023.
- LaRossa’s new comp: base salary $1.25M, target annual incentive 130% of base, supplemental LTI $4.85M.
- Izzo’s 15-year CEO tenure: TSR ~10% annualized; PSEG extended dividend record to 115 consecutive years.
- LaRossa previously led PSE&G, COVID-19 response, fossil divestiture, and offshore wind strategy development.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/0001193125-22-108775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788784/000119312522108775/d356021d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-108775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer