Eversource Energy management check
ES · Utilities · Electric Utilities · CEO Joseph R. Nolan, Jr.
Filings as of
3 good · 1 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $94, against $144 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.47 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.9% of net income$15.0m of reported pay in fiscal 2025, against $1.7bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $703k sold in six months.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +3.0% a year over the last three fiscal years. Stock-based pay was 0.2% of revenue in the latest year.
- Good
Is leadership stable?
4 leadership filings in 3 yearsCEO in the pay table: Joseph R. Nolan, Jr.. 4 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 7 | 53 | |
| Pay for performance | 73 | 81 | |
| CEO cost | 54 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 12 | 37 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electric Utilities, by management score. Eversource Energy is 21st of 30 in its sector.
- 30CEGConstellation Energy84
- 62VSTVistra Corp.79
- 143EIXEdison International72
- 145PPLPPL Corporation72
- 252EVRGEvergy64
- 254PEGPublic Service Enterprise Group64
- 270ETREntergy63
- 285LNTAlliant Energy62
- 338EXCExelon59
- 354ESEversource Energy58
Pay versus performance
From the proxy statement filed March 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Joseph R. Nolan, Jr. | $15.0m | $15.2m | $3.9m | $94 | $144 | $1.7bn |
| 2024 | — | $13.6m | $9.5m | $3.5m | $77 | $129 | $811.7m |
| 2023 | — | $18.9m | $7.4m | $2.9m | $79 | $108 | −$442.2m |
| 2022 | — | $13.0m | $10.9m | $3.4m | $103 | $118 | $1.4bn |
| 2021 | — | $10.2m | $10.9m | $4.2m | $108 | $117 | $1.2bn |
The board says pay is tied most to EPS. Its other key measures: Earnings Per Share, Dividend Growth, Total Shareholder Return, Reliability, Restoration.
Insiders and the CEO's stake
Light activity: no buys, $703k sold in six months.
- SoldGregory B ButlerExecutive VP & General Counsel$489kJun 4, 2026
- SoldPenelope M ConnerEVP-Cust Exp & Energy Strategy$214kAug 25, 2026
Leadership and governance on file
- Dec 5, 2025Leadership change8-K 5.02
- Dec 6, 2024Leadership change8-K 5.02
- Dec 11, 2023Leadership change8-K 5.02
- Dec 8, 2023Leadership change8-K 5.02
- Sep 18, 2023Leadership change8-K 5.02
- May 26, 2023Leadership change8-K 5.02
- May 3, 2023Leadership change8-K 5.02
- Mar 14, 2023Leadership change8-K 5.02
- Dec 8, 2022Leadership change8-K 5.02
- Sep 16, 2022Leadership change8-K 5.02
- May 4, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 6, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.7bn returned to owners in buybacks and dividends, 212% of net income, and $153.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.9bn | $12.3bn | $11.9bn | $11.9bn | $13.5bn |
| Net income | $1.2bn | $1.4bn | −$434.7m | — | — |
| Stock-based pay | $28.2m | $33.4m | $27.8m | $30.0m | $33.6m |
| Buybacks | — | — | — | — | — |
| Dividends | $805.4m | $860.0m | $919.0m | $1.0bn | $1.1bn |
| Diluted shares | 345m | 347m | 350m | 358m | 371m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.