Avangrid details new CFO Justin Lagasse's compensation: $600K salary, 55% incentive target

Avangrid, Inc.

Justin Lagasse appointed SVP – CFO and Controller effective Feb 15, 2024, after serving as interim CFO.
Annual base salary of $600,000, subject to annual review.
Eligible for Executive Variable Pay Plan with target 55% of base salary (max 110%).
Additional grant of 15,296 performance share units under 2023-2025 LTIP.
Mr. Lagasse, 36, is a CPA; previously SVP – Controller and VP – Chief Accounting Officer.

item 5.02

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Appointed

Justin Lagasse

Senior Vice President – Chief Financial Officer and Controller

Avangrid, Inc.

Effective: 2024-02-15
Filed: March 18, 2024, 7:59 PM ET

On February 15, 2024, the board of directors (the “Board”) of Avangrid, Inc. (the “Corporation”), upon the recommendation of its compensation and nominating committee of the Board (the “Compensation and Nominating Committee”), promoted Justin Lagasse to the position of Senior Vice President – Chief Financial Officer and Controller of the Corporation.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Justin Lagasse was appointed as Senior Vice President – Chief Financial Officer and Controller at Avangrid, Inc..

Action: promoted
Role: Senior Vice President – Chief Financial Officer and Controller

Exact text from the filing

On February 15, 2024, the board of directors (the “Board”) of Avangrid, Inc. (the “Corporation”), upon the recommendation of its compensation and nominating committee of the Board (the “Compensation and Nominating Committee”), promoted Justin Lagasse to the position of Senior Vice President – Chief Financial Officer and Controller of the Corporation.

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Source: SEC EDGAR

accession 0001193125-24-070229

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