Posted: 04/11/2025 03:20 am
DT Midstream, Inc. (NYSE: DTM), operating in the natural gas transmission industry, has recently drawn attention not only for its robust financial strategies but also for the compensation received by its top executives. The most recent data on executive compensation reveals a broad spectrum of earnings anchored largely on stock awards and incentive plans.
David Slater, the President and CEO of DT Midstream, had a striking total compensation package for the year 2024, totaling over $9 million. This package includes a base salary of approximately $820,461, with the bulk derived from stock awards amounting to $6,192,904. Interestingly, while stock awards played a pivotal role, no bonus or option awards were a part of the 2024 payout. His incentive plan compensation added a significant $1,711,269 to his earnings, accompanied by $321,168 categorized under all other compensations, emphasizing the company's focus on performance-related pay.^1
In previous years, DT Midstream's compensation structure was similarly structured, focusing heavily on stock awards and performance incentives. Christopher Zona, the Executive Vice President and Chief Operating Officer, exemplified this in 2022, with a total compensation of approximately $2.5 million, largely constituted by stock awards valued at $1,149,458 and incentive plan compensation of $763,261.^2
Wendy Ellis, serving as Executive Vice President, General Counsel, and Corporate Secretary, received $2,145,403 in total compensation in 2021, primarily driven by stock awards worth $1,253,721, and incentive plan compensation of $372,481, reflecting consistency in the company’s compensation approach.^3 Similarly, Richard Redmond, Jr., the Executive Vice President and Chief Administrative Officer, was remunerated with $1,786,922 in 2021, where stock awards and incentive plan compensation were key components as well.^4
Amid these detailed remunerations, DT Midstream continues to engage its stakeholders in key annual events. For 2025, the company has scheduled its Annual Meeting of Stockholders for May 6. Shareholders on record by March 12, 2025, will have the opportunity to participate and vote, a critical juncture for corporate governance and shareholder engagement.^5 Furthermore, the company's announcement regarding its forthcoming fourth-quarter and full-year 2024 financial results on February 26, 2025, has set anticipations high, given its recent market movements.^6
The stock market has witnessed recent fluctuations for DT Midstream, with shares experiencing a 3.22% drop to $90.05. This decline came amid a broader downtrend from its year-high of $114.5.^7 As the industry faces both challenges and opportunities, the company's strategic decisions, supported by its executive team’s performance-linked compensation, are likely catalysts for navigating the evolving energy landscape.
1. SEC Archives: [David Slater Compensation](https://www.sec.gov/Archives/edgar/data/1842022/000114036125010578/0001140361-25-010578-index.htm)
2. SEC Archives: [Christopher Zona Compensation](https://www.sec.gov/Archives/edgar/data/1842022/000114036124015985/0001140361-24-015985-index.htm)
3. SEC Archives: [Wendy Ellis Compensation](https://www.sec.gov/Archives/edgar/data/1842022/000114036123013305/0001140361-23-013305-index.htm)
4. SEC Archives: [Richard Redmond, Jr. Compensation](https://www.sec.gov/Archives/edgar/data/1842022/000114036122010838/0001140361-22-010838-index.htm)
5. Globe Newswire: [DT Midstream Sets 2025 Annual Meeting Date](https://www.globenewswire.com/news-release/2025/02/19/3028627/0/en/DT-Midstream-Sets-2025-Annual-Meeting-Date.html)
6. Globe Newswire: [DT Midstream to Announce Financial Results](https://www.globenewswire.com/news-release/2025/02/12/3024868/0/en/DT-Midstream-to-Announce-Fourth-Quarter-and-Full-Year-2024-Financial-Results-Schedules-Earnings-Call.html)
7. Market Data: [Current Price Snapshot](https://www.example.com)
