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EXELON CORP

EXC · FY2024

MIXED

CEO Package

$14.7M

Pay Ratio

Calvin G. Butler Jr.

Board raised Calvin Butler's pay 19.5% to $14.7M while the stock rose just 4.8%, and he received fresh grants worth 200,262 shares in early 2026.

Duke Energy CORP

DUK · FY2025

ALIGNED

CEO Package

$13.7M

Pay Ratio

Harry K. Sideris

Pay fell roughly in step with TSR

XCEL ENERGY INC

XEL · FY2025

MIXED

CEO Package

$16.0M

Pay Ratio

Bob Frenzel

Pay and TSR both rose, but not in lockstep

CEO Total Compensation — All Companies

EXC$14.7MDUK$13.7MXEL$16.0M

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.

XEL carries the largest package at $16.0M, about 1.2x DUK.
EXC reads mixed, while DUK 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.

EXC

Calvin G. Butler Jr.

$14.7M

base salary9%
stock awards63%
non-equity incentive compensation18%
other compensation8%

DUK

Harry K. Sideris

$13.7M

base salary9%
stock awards74%
non-equity incentive compensation14%
other compensation2%

XEL

Bob Frenzel

$16.0M

base salary9%
stock awards70%
non-equity incentive compensation19%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
EXELON CORP(EXC)Calvin G. Butler Jr.2024$14.7M
Duke Energy CORP(DUK)Harry K. Sideris2025$13.7M
XCEL ENERGY INC(XEL)Bob Frenzel2025$16.0M

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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