CompBrief BY VELARION

Companies Altus Power

Altus Power (AMPS): executive pay, fiscal 2023

Free brief. Every figure links to the company’s own filing.

Altus Power no longer files a proxy statement; its last pay data is FY2023.

All products and prices

CEO total pay$3,494,134CEO Gregg Felton · source

CEO pay, last three years

  • $16,628,943FY2022
  • $3,494,134FY2023

CEO total pay was $3,494,134 in fiscal 2023, down from $16,628,943 in fiscal 2022.

FY2023: salary $550,000 · bonus $0 · stock awards $2,944,134 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Altus Power in fiscal 2023?
As disclosed, Lars Norell (Co-Chief Executive Officer) was the highest-paid executive at Altus Power in fiscal 2023, with total compensation of $3,494,134.
How much does Altus Power spend in total on board compensation for fiscal 2023?
As disclosed, Altus Power reported total board compensation of $715,972 for fiscal 2023.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Lars Norell$550,000$0$2,944,134$0$0$0$0$3,494,134
Co-Chief Executive Officer
Gregg Felton550,00002,944,13400003,494,134
Co-Chief Executive Officer
Dustin Weber370,000348,4941,227,04100001,945,535
Chief Financial Officer
Anthony Savino370,00001,466,06600001,836,066
Chief Construction Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Lars Norell$3,494,134$16,628,943—↓ −13,134,809
Gregg Felton3,494,13416,628,943—↓ −13,134,809
Dustin Weber1,945,5351,769,851—↑ +175,684
Anthony Savino1,836,0661,470,597—↑ +365,469

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company aims to offer competitive compensation to attract and retain top-tier talent in the renewable energy space, benchmarking against the tri-state area market. The philosophy emphasizes rewarding exceptional contributions and results while aligning employee interests with shareholders through the issuance of equity-based compensation, specifically RSUs, to incentivize long-term value creation.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gregg FeltonOTHER—————$2,944,134
Lars NorellOTHER—————2,944,134
Anthony SavinoOTHER—————1,466,066
Dustin WeberOTHER—————1,227,041

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Dustin WeberPSU442,663—$2,384,111
Anthony SavinoPSU461,841—2,498,850
Gregg FeltonPSU3,776,070—19,023,074
Lars NorellPSU3,776,070—19,023,074
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Christine R. DetrickIndependent · Board Chair · Audit · Nominating and Corporate Governance (Chair)$68,667$269,453———$338,120
Richard N. PeretzIndependent · Audit (Chair) · Compensation (Chair) · Nominating and Corporate Governance79,000131,512———210,512
Tina C. ReichIndependent · Audit · Nominating and Corporate Governance · Partial-year service10,833156,507———167,340
Gregg J. FeltonEmployee director—————0
Lars R. NorellEmployee director—————0
Robert M. HornIndependent · Compensation00———0
Robert C. BernardIndependent · Compensation · Partial-year service——————

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline$4

Total cost of the board

ComponentFY2023
Cash retainers and fees$158,500
Equity awards (grant-date value)$557,472
All other compensation$0
Total cost of the board$715,972

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Altus Power as a peer

Companies that benchmark against AMPS

5 companies name AMPS as a compensation peer

Each company listed discloses AMPS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AMPS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Altus Power2023Gregg Felton$550,000$2,944,134$0$0$3,494,134

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-22—————
20232023-05-22—————
20222022-05-23—————

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20242024-05-22—a
20232023-05-22—b
20222022-05-23—c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Lars NorellGreater-than-10% holder2025-02-06D12,482$5$61,162Common, indirectForm 4 ↗
Lars NorellGreater-than-10% holder2025-02-07D7,987,518538,894,420Common, indirectForm 4 ↗
Lars NorellGreater-than-10% holder2025-02-10D1,646,93658,012,344Common, indirectForm 4 ↗
Lars NorellGreater-than-10% holder2025-02-11D1,447,61157,042,628Common, indirectForm 4 ↗
Gregg J. FeltonDirector2025-02-20D71,1615349,401CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-02-20D9,162544,985CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-02-20D8,823543,321CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-03-28A258,60000CommonForm 4 ↗
Gregg J. FeltonDirector2025-03-28A462,00000CommonForm 4 ↗
Gregg J. FeltonDirector2025-03-28A103,38700CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-03-28A61,98300CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-03-28A61,98300CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-03-28A253,00000CommonForm 4 ↗
CBRE Acquisition Sponsor, LLCDirector2025-03-31A1,811——CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-03-31D28,0245138,719CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-03-31D20,9235103,569CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-03-31D28,0245138,719CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-03-31D20,9235103,569CommonForm 4 ↗
CBRE Acquisition Sponsor, LLCDirector2025-03-31D181,12500Derivative, Class A CommonForm 4 ↗
Gregg J. FeltonDirector2025-03-31D83,9365415,483CommonForm 4 ↗
Gregg J. FeltonDirector2025-03-31D83,9365415,483CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-07D15,480576,781CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-07D87,0485431,758CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-04-07D29,7485147,550CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-07D87,0485431,758CommonForm 4 ↗
Anthony SavinoCofounder,Chief Const. Officer2025-04-07D29,7485147,550CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-07D15,480576,781CommonForm 4 ↗
CBRE Acquisition Sponsor, LLCDirector2025-04-15D543,37500Derivative, Class A CommonForm 4 ↗
CBRE Acquisition Sponsor, LLCDirector2025-04-15A2,885,853——CommonForm 4 ↗
Anthony SavinoSee Remarks2025-04-16D139,855——Derivative, Class A CommonForm 4 ↗
Anthony SavinoSee Remarks2025-04-16D4,207,041——CommonForm 4 ↗
Christine R. DetrickDirector2025-04-16D278,890——CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-16D49,023——Derivative, Class A CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-16D2,360,000——Common, indirectForm 4 ↗
Gregg J. FeltonDirector2025-04-16D2,596,170——CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-16D1,359,148——CommonForm 4 ↗
Tina C. ReichDirector2025-04-16D59,549——CommonForm 4 ↗
Anthony SavinoSee Remarks2025-04-16D26,146——Derivative, Class A CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-16D28,760——Derivative, Class A CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-16D141,947——Derivative, Class A CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-16D160,000——CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-16D589,105——CommonForm 4 ↗
Richard A. ShapiroDirector2025-04-16D48,357——CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-16D261,942——Derivative, Class A CommonForm 4 ↗
Gregg J. FeltonDirector2025-04-16D9,684,603——Common, indirectForm 4 ↗
Gregg J. FeltonDirector2025-04-16D462,781——CommonForm 4 ↗
GSO Altus Holdings LPGreater-than-10% holder2025-04-16D21,116,1255105,580,625CommonForm 4 ↗
Anthony SavinoSee Remarks2025-04-16D138,400——CommonForm 4 ↗
Dustin WeberChief Financial Officer2025-04-16D1,537,686——CommonForm 4 ↗
Richard N. PeretzDirector2025-04-16D134,620——CommonForm 4 ↗
CBRE Acquisition Sponsor, LLCDirector2025-04-16D27,489,897——CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (72 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Lars Norell. DEF 14A, filed 2024-04-11. Section “Executive Compensation”. As printed: 3,494,134. View filing ↗
  • Section 01, Gregg Felton. DEF 14A, filed 2024-04-11. Section “Executive Compensation”. As printed: 3,494,134. View filing ↗
  • Section 01, Dustin Weber. DEF 14A, filed 2024-04-11. Section “Executive Compensation”. As printed: 1,945,535. View filing ↗
  • Section 01, Anthony Savino. DEF 14A, filed 2024-04-11. Section “Executive Compensation”. As printed: 1,836,066. View filing ↗
  • Section 03, Gregg Felton OTHER. DEF 14A, filed 2024-04-11. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Lars Norell OTHER. DEF 14A, filed 2024-04-11. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Anthony Savino OTHER. DEF 14A, filed 2024-04-11. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 03, Dustin Weber OTHER. DEF 14A, filed 2024-04-11. Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. View filing ↗
  • Section 08, Christine R. Detrick. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 338,120. View filing ↗
  • Section 08, Richard N. Peretz. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 210,512. View filing ↗
  • Section 08, Tina C. Reich. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 167,340. View filing ↗
  • Section 08, Gregg J. Felton. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Lars R. Norell. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Robert M. Horn. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Robert C. Bernard. DEF 14A, filed 2024-04-11. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 02, Lars Norell 2025-02-06. Form 4, filed 2025-02-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lars Norell 2025-02-07. Form 4, filed 2025-02-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lars Norell 2025-02-10. Form 4, filed 2025-02-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lars Norell 2025-02-11. Form 4, filed 2025-02-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-02-20. Form 4, filed 2025-02-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-02-20. Form 4, filed 2025-02-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-02-20. Form 4, filed 2025-02-24. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-03-28. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, CBRE Acquisition Sponsor, LLC 2025-03-31. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-03-31. Form 4, filed 2025-04-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-03-31. Form 4, filed 2025-04-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-03-31. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-03-31. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, CBRE Acquisition Sponsor, LLC 2025-03-31. Form 4, filed 2025-04-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-03-31. Form 4, filed 2025-04-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-03-31. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-07. Form 4, filed 2025-04-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-07. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-07. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-07. Form 4, filed 2025-04-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-07. Form 4, filed 2025-04-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-07. Form 4, filed 2025-04-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, CBRE Acquisition Sponsor, LLC 2025-04-15. Form 4, filed 2025-04-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, CBRE Acquisition Sponsor, LLC 2025-04-15. Form 4, filed 2025-04-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Christine R. Detrick 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tina C. Reich 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard A. Shapiro 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregg J. Felton 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, GSO Altus Holdings LP 2025-04-16. Form 4, filed 2025-04-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Anthony Savino 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dustin Weber 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Richard N. Peretz 2025-04-16. Form 4, filed 2025-04-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, CBRE Acquisition Sponsor, LLC 2025-04-16. Form 4, filed 2025-04-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-22. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-25. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-05-26. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 158,500 + equity 557,472 + all other 0 = 715,972, summed across the director compensation table rows.
  • Altus Power (subject), Section 10b CEO total. DEF 14A, filed 2024-04-11. CEO total compensation as printed in Altus Power's own proxy. As printed: 3,494,134. View filing ↗