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AMERICAN ELECTRIC POWER CO INC

AEP · FY2025

MISALIGNED

CEO Package

$36.6M

Pay Ratio

—

William J. Fehrman

Pay outran TSR by +165 pts

Constellation Energy Corp

CEG · FY2025

MISALIGNED

CEO Package

$17.1M

Pay Ratio

—

Joseph Dominguez

Pay rose +5.5% while TSR fell -33.5 pts

Ormat Technologies, Inc.

ORA · FY2025

ALIGNED

CEO Package

$3.6M

Pay Ratio

—

Doron Blachar

Pay reset -5.3% while TSR improved +73.8 pts

CEOTotal Compensation — All Companies

AEP$36.6MCEG$17.1MORA$3.6M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

AEP carries the largest package at $36.6M, about 10.1x ORA.
AEP reads misaligned, while ORA looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

AEP

William J. Fehrman

$36.6M

base salary4%
stock awards80%
non-equity incentive compensation12%
other compensation1%

CEG

Joseph Dominguez

$17.1M

base salary9%
stock awards71%
non-equity incentive compensation15%
other compensation2%

ORA

Doron Blachar

$3.6M

base salary18%
stock awards55%
non-equity incentive compensation23%
other compensation4%

Quick Comparison

CompanyCEOLatest YearTotal Comp
AMERICAN ELECTRIC POWER CO INC(AEP)William J. Fehrman2025$36.6M
Constellation Energy Corp(CEG)Joseph Dominguez2025$17.1M
Ormat Technologies, Inc.(ORA)Doron Blachar2025$3.6M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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