NextEra Energy management check
NEE · Utilities · Multi-Utilities · CEO Mr. Ketchum
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $118, against $146 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.94 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.5% of net income$24.2m of reported pay in fiscal 2025, against $5.3bn of net income.
- n/a
Do they own the stock?
No recent CEO filingNo open-market insider buying or selling in the last six months.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +1.0% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Good
Is leadership stable?
6 leadership filings in 3 yearsCEO in the pay table: Mr. Ketchum. 6 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 | 26 | 53 | |
| Pay for performance | 97 | 81 | |
| CEO cost | 79 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 38 | 37 | |
| Stable leadership | 95 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Multi-Utilities, by management score. NextEra Energy is 6th of 30 in its sector.
- 146NEENextEra Energy72
- 210CMSCMS Energy68
- 226AEEAmeren66
- 227SRESempra66
- 242NINiSource65
- 244CNPCenterPoint Energy65
- 245XELXcel Energy64
- 330DDominion Energy59
- 337PNWPinnacle West Capital59
- 361EDConsolidated Edison57
Pay versus performance
From the proxy statement filed April 1, 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 | Mr. Ketchum | $24.2m | $38.0m | $10.9m | $118 | $146 | $5.3bn |
| 2024 | — | $21.1m | $35.2m | $9.0m | $102 | $128 | $5.7bn |
| 2023 | — | $20.6m | $7.2m | $8.5m | $84 | $107 | $6.3bn |
| 2022 | — | $40.4m | $34.4m | $7.4m | $113 | $118 | $3.2bn |
| 2021 | — | $25.3m | $55.3m | $13.3m | $123 | $118 | $2.8bn |
The board says pay is tied most to Adjusted EPS. Its other key measures: Adjusted ROE, Adjusted Earnings.
Insiders and the CEO's stake
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- May 18, 2026Leadership change8-K 5.02
- Mar 10, 2026Leadership change8-K 5.02
- Mar 17, 2025Leadership change8-K 5.02
- Jul 10, 2024Leadership change8-K 5.02
- May 6, 2024Leadership change8-K 5.02
- Nov 16, 2023Leadership change8-K 5.02
- Sep 25, 2023Leadership change8-K 5.02
- Jan 25, 2023Leadership change8-K 5.02
- Dec 21, 2022Leadership change8-K 5.02
- Oct 18, 2022Leadership change8-K 5.02
- May 23, 2022Leadership change8-K 5.02
- Mar 3, 2022Leadership change8-K 5.02
Latest shareholder vote results: Sep 3, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $19.1bn returned to owners in buybacks and dividends, 66% of net income, and $723.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.8bn | $23.0bn | $24.8bn | $23.5bn | $25.8bn |
| Net income | $3.6bn | $4.1bn | $7.3bn | $6.9bn | $6.8bn |
| Stock-based pay | $119.0m | $142.0m | $139.0m | $138.0m | $185.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $3.0bn | $3.4bn | $3.8bn | $4.2bn | $4.7bn |
| Diluted shares | 1972m | 1979m | 2031m | 2059m | 2071m |
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.