---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-070229"
form_type: "8-K/A"
ticker: null
cik: "0001634997"
company_name: "Avangrid, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:13:29.132011+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-070229
- form_type: 8-K/A
- cik: 0001634997
- company_name: Avangrid, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634997/000119312524070229/0001193125-24-070229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634997/000119312524070229/d740378d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-070229
- JSON: https://secwatch.observer/filing/0001193125-24-070229.json
- Plain text: https://secwatch.observer/filing/0001193125-24-070229.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634997/000119312524070229/0001193125-24-070229-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.