Utilities

Vistra Executive Compensation (FY25)

Name: Vistra (VST) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

VST · Irving, TX · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

James A. Burke

Latest say-on-pay support

April 29, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of October 22, 2026Latest filing (8-K): May 4, 2026

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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270 figures on this page: 259 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Vistra's chief executive and what were they paid?

Total compensation for James A. Burke, President and Chief Executive Officer, came to $15,989,188 in fiscal 2025. Burke's total was 30.7% higher than the $12,236,044 reported for fiscal 2024.

What was Vistra's say-on-pay result?

The say-on-pay proposal drew 96.9% of votes cast for or against in favor at the meeting held April 29, 2026 for fiscal 2025.

Which companies are in Vistra's peer group?

The disclosed peer group names Constellation Energy Corp., Entergy Corporation, NRG Energy, Inc., Public Service Enterprise Group Incorporated and The AES Corporation, among others.

What is Vistra's chief executive pay ratio?

The company reported a chief executive pay ratio of 117:1 for fiscal 2025, against median employee compensation of $137,164.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Curtis Morgan Former Chief Executive Officer Departed during or after this year	◇	—	◇	—	◇	—	◇	◇
James Burke President & Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Stephen Muscato EVP & Chief Commercial Officer	◇	—	◇	—	◇	—	◇	◇
Scott Hudson EVP & President Vistra Retail	◇	—	◇	—	◇	—	◇	◇
Stephanie Moore EVP, General Counsel & Chief Compliance Officer	◇	—	◇	—	◇	—	◇	◇
Kristopher Moldovan EVP & Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Burke President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Stacey Dor Chief Strategy and Sustainability Officer & EVP Public Affairs	◇	◇	◇	—	◇	—	◇	◇
Kristopher Moldovan EVP and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Scott Hudson EVP and President Vistra Retail	◇	—	◇	—	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Burke President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Stephen Muscato Former EVP & President Wholesale Operations and Development Departed during or after this year	◇	—	◇	—	◇	—	◇	◇
Kristopher Moldovan EVP and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Stacey Dor Chief Strategy and Sustainability Officer & EVP Public Affairs	◇	—	◇	—	◇	—	◇	◇
Scott Hudson EVP and President Vistra Retail	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James A. Burke President and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Stacey Dor Chief Strategy and Sustainability Officer & Executive Vice President Public Affairs	◇	—	◇	—	◇	—	◇	◇
Kristopher E. Moldovan Executive Vice President and Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Scott A. Hudson Executive Vice President and President Vistra Retail	◇	—	◇	—	◇	—	◇	◇
Stephanie Zapata Moore Executive Vice President, General Counsel, and Chief Compliance Officer	◇	—	◇	—	◇	—	◇	◇

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 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
James A. Burke	PSU	◇	◇	◇	—	◇	—	◇
James A. Burke	RSU	◇	—	—	◇	—	—	◇
Kristopher E. Moldovan	PSU	◇	◇	◇	—	◇	—	◇
Kristopher E. Moldovan	RSU	◇	—	—	◇	—	—	◇
Scott A. Hudson	PSU	◇	◇	◇	—	◇	—	◇
Scott A. Hudson	RSU	◇	—	—	◇	—	—	◇
Stacey Dor	RSU	◇	—	—	◇	—	—	◇
Stacey Dor	PSU	◇	◇	◇	—	◇	—	◇
Stephanie Zapata Moore	PSU	◇	◇	◇	—	◇	—	◇
Stephanie Zapata Moore	RSU	◇	—	—	◇	—	—	◇

Fiscal 2022 are included in the PDF.

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 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Kristopher E. Moldovan	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Stephanie Zapata Moore	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Scott A. Hudson	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
James A. Burke	RSU	◇	=	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

James A. Burke

Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Non-compete period	◇
Non-solicit period	◇

Kristopher E. Moldovan

Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Non-compete period	◇
Non-solicit period	◇

Scott A. Hudson

Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Non-compete period	◇
Non-solicit period	◇

Stacey Dor

Chief Strategy and Sustainability Officer & Executive Vice President Public Affairs · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Non-compete period	◇
Non-solicit period	◇

Stephanie Zapata Moore

Executive Vice President, General Counsel, and Chief Compliance Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Non-compete period	◇
Non-solicit period	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Scott B. Helm Board chair	◇	◇	—	—	—	◇	◇
John W. (Bill) Pitesa	◇	◇	—	—	—	◇	◇
Julie A. Lagacy	◇	◇	—	—	—	◇	◇
Hilary E. Ackermann	◇	◇	—	—	—	—	◇
John R. (J. R.) Sult	◇	◇	—	—	—	◇	◇
Paul M. Barbas	◇	◇	—	—	—	◇	◇
Lisa Crutchfield	◇	◇	—	—	—	—	◇
Arcilia C. Acosta	◇	◇	—	—	—	◇	◇
Gavin R. Baiera	◇	◇	—	—	—	◇	◇
Robert C. Walters	◇	◇	—	—	—	—	◇

James A. Burke served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

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	◇
Board equity 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	◇

Equity is delivered as restricted stock units.

Stock ownership guideline: 6x annual cash board retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Constellation Energy Corp. CEG
Entergy Corporation ETR
NRG Energy, Inc. NRG
Public Service Enterprise Group Incorporated PEG
The AES Corporation AES
UGI Corporation UGI

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	April 29, 2026	=	◇	◇	◇
2024	April 30, 2025	=	◇	◇	◇
2023	May 1, 2024	=	◇	◇	◇
2022	May 2, 2023	=	◇	◇	◇
2021	May 3, 2022	=	◇	◇	◇
2020	April 28, 2021	=	◇	◇	◇
2019	April 29, 2020	=	◇	◇	◇
2018	May 20, 2019	=	◇	◇	◇
2017	May 1, 2018	=	◇	◇	◇
2016	May 16, 2017	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

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Sample answer — “What is the CEO’s total compensation?”

- James A. Burke (President and Chief Executive Officer), FY2025 total compensation $15,989,188 (base salary $1,391,731) [exec_comp, SEC accession 0001628280-26-019029, filed 2026-03-18]

What this page does not include

Everything above is a fact Vistra disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Vistra sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $499

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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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.

270 figures on this page: 259 cited to the filing that reported them, 11 calculated from figures it prints.

259 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed May 4, 2026
0001140361-26-018872
DEF 14A, filed March 18, 2026
0001628280-26-019029
2025 Director Compensation Table · CEO Pay Ratio · Compensation Discussion and Analysis · GRANTS OF PLAN-BASED AWARDS—2025 · and 4 more sections
8-K, filed May 5, 2025
0001193125-25-112869
Proposal 6 of the Company’s Proxy Statement.
DEF 14A, filed March 19, 2025
0001193125-25-057930
Summary Compensation Table – 2024 · Summary Compensation Table—2024
8-K, filed May 6, 2024
0001193125-24-131947
DEF 14A, filed April 3, 2024
0001193125-24-086032
Summary Compensation Table—2023
8-K, filed May 5, 2023
0001193125-23-137119
DEF 14A, filed April 4, 2023
0001193125-23-090860
Summary Compensation Table – 2022
8-K, filed May 6, 2022
0001193125-22-142900
8-K, filed May 4, 2021
0001193125-21-149058
8-K, filed May 4, 2020
0001193125-20-132407
8-K, filed May 23, 2019
0001193125-19-155555
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 4, 2018
0001193125-18-152752
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 18, 2017
0001193125-17-174980

Cite this data

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Velarion, “Vistra executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VST (accessed 2026).

Short form: data: Velarion

The paid brief for Vistra

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

$1,500 for the Executive Compensation Report. Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

14 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Utilities rankings

Chief executive pay — Utilities CEO pay ratio — Utilities Say-on-pay support — Utilities

Peers Vistra discloses

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

Constellation Energy Corp.Entergy Corporation NRG Energy, Inc.Public Service Enterprise Group Incorporated The AES Corporation UGI Corporation

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All 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}
}

More on Vistra

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for Vistra

Utilities rankings

Peers Vistra discloses

Terms on this page