secwatch.observer — SEC 8-K summary
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Issuer:     Avangrid, Inc. (—)
CIK:        0001634997
Form:       8-K/A
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001193125-24-070229
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524070229/0001193125-24-070229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634997/000119312524070229/d740378d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-070229

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