Duke Energy CEO Lynn Good’s pay package for 2022 up nearly 30%

CHARLOTTE — CEO Lynn Good’s total compensation package at Duke Energy Corp. jumped to $21.35 million in 2022, almost 30% more than her total $16.45 million reported for 2021.

And it is just $60,177 less than her record $21.42 million package in 2017. That year, her Duke package was boosted by a one-time $7 million retention grant.

The big jump for 2022 came from the board’s decision to increase her maximum long-term incentive opportunity to 1,050% of her salary from the previous 800%.

The proxy filing the company made Thursday shows Good received right around that full incentive amount based on the way Duke calculates the value of such grants for compensation purposes. That was a $4.7 million hike in her long-term incentive compensation from 2021.

“Under Lynn Good’s leadership in 2022, Duke Energy had a strong year delivering value to customers and shareholders as we made progress executing our strategy, responding to difficult external pressures, and advancing our clean energy transformation,” says Duke spokesman Neil Nissan.

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