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Avangrid Executive Compensation (FY22)

AGR · Executive and director compensation, fiscal 2022 only
Chief executive, fiscal 2022
◇
Pedro Azagra Blázquez
Median of the other named officers
$1,150,748
8 officers, excluding the chief executive
Latest say-on-pay support
=
September 26, 2024
Chief executive pay ratio
◇
To the median employee
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Data as of October 5, 2026Latest filing (8-K): September 26, 2024
10 filings cited on this page
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167 figures on this page: 158 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.
Who is Avangrid's chief executive and what were they paid?
Total compensation for Pedro Azagra Blázquez, Chief Executive Officer, came to $4,849,985 in fiscal 2022.
What was Avangrid's say-on-pay result?
The say-on-pay proposal drew 98.1% of votes cast for or against in favor at the meeting held September 26, 2024 for fiscal 2023.
Which companies are in Avangrid's peer group?
Companies named in the disclosed peer group include Alliant Energy Corporation, Ameren Corporation, American Electric Power Company, Inc., CenterPoint Energy, Inc. and CMS Energy Corp., among others.
What is Avangrid's chief executive pay ratio?
For fiscal 2022, the company reported a chief executive pay ratio of 62:1.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Pedro Azagra Blázquez
Chief Executive Officer
◇◇◇—◇—◇◇
Dennis Arriola
Former Chief Executive Officer
Departed during or after this year
◇◇◇———◇◇
Robert Kump
President & Deputy Chief Executive Officer
◇◇——◇—◇— not reconciled
William White
Former Co-CEO and President – Offshore of Renewables
Departed during or after this year
◇◇——◇—◇◇
Catherine Stempien
President and Chief Executive Officer of Networks
◇◇——◇—◇◇
R. Scott Mahoney
Senior Vice President – General Counsel & Corporate Secretary
◇◇◇—◇—◇◇
Jose Antonio Miranda Soto
President and Chief Executive Officer of Renewables
◇◇——◇—◇◇
Patricia Cosgel
Senior Vice President – Chief Financial Officer
◇◇◇—◇—◇◇
Douglas Stuver
Former Senior Vice President – Chief Financial Officer
Departed during or after this year
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2022
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Dennis ArriolaRSU◇——◇——◇
Patricia CosgelPSU◇—◇—◇—◇
Pedro AzagraPSU◇—◇—◇—◇
Pedro Azagra BlázquezRSU◇——◇——◇
Pedro Azagra BlázquezPSU◇—◇—◇—◇
R. Scott MahoneyRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2022 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Pedro AzagraPSU◇◇——
R. Scott MahoneyRSU◇◇——
PSU◇◇——
PSU◇◇——
Catherine StempienPSU◇◇——
RSU◇◇——
Robert KumpPSU◇◇——
Patricia CosgelPSU◇◇——
PSU◇◇——
Pedro Azagra BlázquezRSU◇◇——
William WhitePSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2022
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Baldacci
◇—————◇
Ignacio S. Galán
Board chair
◇—————◇
Alan Solomont
◇—————◇
Robert Duffy
◇—————◇
John Lahey
◇—————◇
Teresa Herbert
◇—————◇
José Sáinz Armada
◇—————◇
Patricia Jacobs
◇—————◇
Daniel Alcain López
◇—————◇
Santiago Martínez Garrido
◇—————◇
José Ángel Marra Rodríguez
◇—————◇
Camille Joseph Varlack
◇—————◇
Elizabeth Timm
◇—————◇
Pedro Azagra Blázquez
◇—————◇
María Fátima Báez García
◇—————◇
Agustín Delgado Martín served on the board in fiscal 2022 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2022
  • Alliant Energy Corporation LNT
  • Ameren Corporation AEE
  • American Electric Power Company, Inc. AEP
  • CenterPoint Energy, Inc. CNP
  • CMS Energy Corp. CMS
  • Consolidated Edison, Inc. ED
  • Dominion Energy, Inc. D
  • DTE Energy Company DTE
  • Edison International EIX
  • Entergy Corporation ETR
  • Evergy, Inc. EVRG
  • Eversource Energy ES
  • FirstEnergy Corp. FE
  • NiSource Inc. NI
  • OGE Energy Corp. OGE
  • Pinnacle West Capital Corporation PNW
  • PPL Corporation PPL
  • Public Service Enterprise Group Inc PEG
  • Sempra Energy SRE
  • WEC Energy Group, Inc. WEC
  • XCEL Energy Inc. XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023September 26, 2024=◇◇◇
2022July 18, 2023=◇◇◇
2021July 20, 2022=◇◇◇
2020June 1, 2021=◇◇◇
2019June 22, 2020=◇◇◇
2018June 27, 2019=◇◇◇
2017June 7, 2018=◇◇◇
2016June 22, 2017=◇◇◇
2015June 16, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇

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- Robert Kump (President & Deputy Chief Executive Officer), FY2022 total compensation $1,674,004 (base salary $336,441) [exec_comp, SEC accession 0001193125-23-127005, filed 2023-04-28]

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What this page does not include

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
167 figures on this page: 158 cited to the filing that reported them, 9 calculated from figures it prints.
158 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-24-227002
    INST ABSTAIN BROKER NON-VOTES 376,693,369 460,990 2,252,917 0 Proposal Four : A non-binding advisory proposal to approve the compensation of Avangrid’s named executive officers.
  2. 0001193125-23-188874
    Proposal 3 — Advisory Vote on Executive Compensation.
  3. 0001193125-23-127005
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  4. 0001193125-22-198141
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001634997-21-000055
  6. 0001193125-20-175215
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-19-184330
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-18-186872
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-17-211721
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-16-627577
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Avangrid executive compensation, FY2022.” https://intel.velarion.ai/comp/AGR (accessed 2026).
Short form: data: Velarion

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10 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers Avangrid discloses

The companies named in AGR's own disclosed peer group.

Alliant Energy CorporationAmeren CorporationAmerican Electric Power Company, Inc.CenterPoint Energy, Inc.CMS Energy Corp.Consolidated Edison, Inc.Dominion Energy, Inc.DTE Energy CompanyEdison InternationalEntergy CorporationEvergy, Inc.Eversource EnergyFirstEnergy Corp.NiSource Inc.OGE Energy Corp.Pinnacle West Capital CorporationPPL CorporationPublic Service Enterprise Group IncSempra EnergyWEC Energy Group, Inc.XCEL Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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