Dominion Energy management check
D · Utilities · Multi-Utilities · CEO Mr. Blue
Filings as of
2 good · 3 to watch · 1 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 $97, against $159 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 0.43 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$16.0m of reported pay in fiscal 2025, against $3.0bn 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 +1.1% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Watch
Is leadership stable?
10 leadership filings in 3 yearsCEO in the pay table: Mr. Blue. 10 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 | 1 | 53 | |
| Pay for performance | 71 | 81 | |
| CEO cost | 73 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 36 | 37 | |
| Stable leadership | 75 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Multi-Utilities, by management score. Dominion Energy is 18th 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 March 19, 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. Blue | $16.0m | $16.7m | $4.0m | $97 | $159 | $3.0bn |
| 2024 | Mr. Blue | $12.9m | $13.7m | $3.6m | $85 | $137 | $2.0bn |
| 2023 | Mr. Blue | $6.3m | $2.9m | $2.5m | $71 | $111 | $2.0bn |
| 2022 | Mr. Blue | $6.8m | $5.1m | $2.0m | $87 | $120 | $1.2bn |
| 2021 | Mr. Blue | $8.2m | $7.8m | $5.0m | $108 | $118 | $3.4bn |
The board says pay is tied most to OperatingEarnings PerShare. Its other key measures: Operating Earnings Per Share, Relative Total Shareholder Return, 3-Year Cumulative Operating Earnings Per Share.
Insiders and the CEO's stake
No open-market insider buying or selling in the last six months.
Leadership and governance on file
- Feb 3, 2026Leadership change8-K 5.02
- Jul 1, 2025Leadership change8-K 5.02
- Jun 27, 2025Leadership change8-K 5.02
- Jun 25, 2025Leadership change8-K 5.02
- Jan 27, 2025Leadership change8-K 5.02
- Dec 2, 2024Leadership change8-K 5.02
- May 8, 2024Leadership change8-K 5.02
- Jan 29, 2024Leadership change8-K 5.02
- Dec 18, 2023Leadership change8-K 5.02
- Nov 3, 2023Leadership change8-K 5.02
- Apr 12, 2023Leadership change8-K 5.02
- Feb 13, 2023Leadership change8-K 5.02
Latest shareholder vote results: Sep 3, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $11.0bn returned to owners in buybacks and dividends, 95% of net income, and $221.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.7bn | $14.6bn | $13.5bn | $14.2bn | $16.5bn |
| Net income | $3.4bn | $1.2bn | $2.0bn | $2.0bn | $3.0bn |
| Stock-based pay | $42.0m | $36.0m | $44.0m | $53.0m | $46.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $2.0bn | $2.2bn | $2.2bn | $2.2bn | $2.3bn |
| Diluted shares | 809m | 825m | 837m | 839m | 855m |
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.