In 2020, Alan R. Hodnik earned $415.20K in total compensation at ALLETE, primarily from $415.20K salary. Most recently acquired 2,422 shares in Feb 2021. Currently holds stock worth $3.99M. Has donated $19.02K in stock to charitable causes. Led ALLETE as CEO for 10 years.
Compensation History
Annual executive compensation data for Alan R. Hodnik, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$415.20K
Salary
$415.20K
Bonus
$0.00
Other
$0.00
Salary
$415.20KBoard Justification
ALLETE's executive compensation program is designed to enhance shareholder value while attracting and retaining experienced, qualified executives, reflecting a pay-for-performance philosophy.
Bonus
$0.00Board Justification
Mr. Hodnik's annual incentive opportunity was equal to his previous level for the portion of the year through May 2020 and then reduced by fifty percent for the remainder of 2020.
Other Compensation
$0.00Board Justification
Restricted Stock
Board Justification
Mr. Hodnik received a 2020 long-term incentive plan award of $400,000 in the form of restricted stock units that will vest on May 31, 2021.
Performance Metrics
Annual incentives focus on achieving annual financial, strategic, and operational and values goals.
Alan R. Hodnik
Ex-CEO of ALLETE
Education
Bachelor's degree in Business Administration from the University of Minnesota Duluth
Field of Expertise
Business & Management
Sector of Economy
Utilities
Born
January 1, 1958 - 67 years ago
CEO of ALLETE for
10 years 1 month (Jan 2010 - Feb 2020)
Previous Experience
Chairman and Chief Executive Officer of ALLETE, Inc.
Other ALLETE CEOs
Holdings
Track Alan R. Hodnik's stock holdings and portfolio value over time.
Total Stock Sold
$3.95M
$3.95M
50,000 ALE shares
What if they kept their stock?
If Alan R. Hodnik didn't sell their stock, today they would have:
Extra ALE50,000 shares worth $3.38M.
This is -14.33% and $565.52K less than what they got when they sold the stock.
Charitable Transactions
281.31 shares
ALE
Recent Charitable Transactions
121.31 shares
ALE
Mar 4, 2019
Charity
160 shares
ALE
Sep 13, 2018
Charity
Insider Trading
Alan R. Hodnik's recent stock transactions, purchases, and sales filed with the SEC.
2,422 shares
ALE
Feb 2, 2021
Received
$348.00K
ALE at $58.00/share
Mar 16, 2020
Sale
$482.34K
ALE at $80.39/share
Feb 21, 2020
Sale
14,385.24 shares
ALE
Jan 30, 2020
Received
$481.86K
ALE at $80.31/share
Nov 15, 2019
Sale
$521.88K
ALE at $86.98/share
Sep 12, 2019
Sale
$510.54K
ALE at $85.09/share
Aug 7, 2019
Sale
$338.96K
ALE at $84.74/share
Jun 12, 2019
Sale
$328.96K
ALE at $82.24/share
May 21, 2019
Sale
121.31 shares
ALE
Mar 4, 2019
Charity
Rivals
Compare Alan R. Hodnik with competitor CEOs and industry peers.
David A. Campbell
CEO of Evergy
2023 Compensation
Stock
$940.54K
Salary
$1.06M
Bonus
$0.00
Other
$60.80K
Total Holdings
$17.47M
Lloyd Yates
CEO of NiSource
2023 Compensation
Stock
$0.00
Salary
$1.04M
Bonus
$2.50M
Other
$466.59K
Total Holdings
$4.96M
Sean Trauschke
CEO of OGE Energy
2023 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$1.49M
Other
$154.25K
Total Holdings
$89.92K