As required by SEC rules, we are providing the following information about the relationship between executive compensation and certain measures of financial performance of our Company. SEC rules prescribe the disclosure included in this section, and the information does not necessarily align with how the Company or the Compensation Committee view the link between the Company's performance and its NEOs' pay. The Compensation Discussion and Analysis provides additional information about our pay-for-performance philosophy and how we align executive compensation with our performance. As described in more detail in our Compensation Discussion and Analysis, the Company's annual incentive awards and a large portion of the long-term incentive awards that comprise a significant portion of an executive's compensation are directly linked to performance. Payouts of these portions of an executive's compensation are placed at risk and require the accomplishment of specific results that are designed to benefit our shareholders and the Company, both in the long and short term. While the Company utilizes several performance measures to align executive compensation with Company performance, all of those Company measures are not presented in the Pay Versus Performance table below. Moreover, the Company generally seeks to incentivize long-term performance and therefore does not specifically align the Company's performance measures with compensation that is actually paid (as computed in accordance with SEC rules) for a particular year.
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Value of Initial Fixed $100 Investment Based On: |
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Year |
Summary Compensation Table Total for PEO ($)(1) |
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Compensation Actually Paid to PEO ($) |
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Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)(1) |
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Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) |
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Company Total Shareholder Return ($)(2) |
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Peer Group Total Shareholder Return ($)(2)(3) |
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Net Income ($) |
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CSM: OG&E Earnings Per Share (4) |
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(a) |
(b) |
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(c) |
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(d) |
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(e) |
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(f) |
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(g) |
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(h) |
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(i) |
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2025 |
$ |
12,032,007 |
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$ |
8,070,026 |
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$ |
1,731,809 |
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$ |
1,467,998 |
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$ |
167.57 |
|
$ |
158.71 |
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$ |
470,700,000 |
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$ |
2.47 |
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2024 |
$ |
10,128,949 |
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$ |
15,331,356 |
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$ |
1,344,617 |
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$ |
1,374,642 |
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$ |
155.68 |
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$ |
136.71 |
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$ |
441,500,000 |
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$ |
2.33 |
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2023 |
$ |
8,435,166 |
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$ |
6,782,034 |
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$ |
1,480,334 |
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$ |
1,279,552 |
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$ |
125.85 |
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$ |
110.58 |
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$ |
416,800,000 |
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$ |
2.12 |
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2022 |
$ |
7,303,589 |
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$ |
10,942,870 |
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$ |
1,326,642 |
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$ |
1,706,080 |
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$ |
136.16 |
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$ |
119.56 |
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$ |
665,700,000 |
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$ |
2.19 |
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2021 |
$ |
8,031,634 |
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$ |
9,075,580 |
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$ |
1,312,638 |
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$ |
1,430,758 |
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$ |
126.52 |
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$ |
117.95 |
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$ |
737,300,000 |
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$ |
1.80 |
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PEO |
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Non-PEO NEOs |
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Summary Compensation Table (SCT) Total |
$ |
12,032,007 |
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$ |
1,731,809 |
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Adjustments to arrive at CAP: |
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Deduction for change in the actuarial present values reported under column (h) of the SCT |
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(3,035,984 |
) |
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(26,996 |
) |
Increase for "Service Cost" for Pension Plans |
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1,049,381 |
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8,835 |
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Deduction for amounts reported under column (e) in the SCT |
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(5,811,824 |
) |
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(780,756 |
) |
Fair value of current year equity awards at year-end |
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4,587,370 |
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616,263 |
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Change in value of prior years' awards unvested at year-end |
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(517,645 |
) |
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(56,068 |
) |
Change in value of prior years' awards that vested during current year |
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(766,342 |
) |
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(82,430 |
) |
Dividends |
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533,063 |
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57,341 |
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Total adjustments |
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(3,961,981 |
) |
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(263,811 |
) |
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CAP Total |
$ |
8,070,026 |
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$ |
1,467,998 |
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PEO |
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Non-PEO NEOs |
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Summary Compensation Table (SCT) Total |
$ |
12,032,007 |
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$ |
1,731,809 |
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Adjustments to arrive at CAP: |
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Deduction for change in the actuarial present values reported under column (h) of the SCT |
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(3,035,984 |
) |
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(26,996 |
) |
Increase for "Service Cost" for Pension Plans |
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1,049,381 |
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8,835 |
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Deduction for amounts reported under column (e) in the SCT |
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(5,811,824 |
) |
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(780,756 |
) |
Fair value of current year equity awards at year-end |
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4,587,370 |
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616,263 |
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Change in value of prior years' awards unvested at year-end |
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(517,645 |
) |
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(56,068 |
) |
Change in value of prior years' awards that vested during current year |
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(766,342 |
) |
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|
(82,430 |
) |
Dividends |
|
533,063 |
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|
57,341 |
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Total adjustments |
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(3,961,981 |
) |
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(263,811 |
) |
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CAP Total |
$ |
8,070,026 |
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$ |
1,467,998 |
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The three items listed below represent the most important financial metrics the Company used to determine CAP for 2025, as further described in our Compensation Discussion and Analysis above: