Sundar PichaiSundar Pichai earned $164M in 2023

Bethany M. Owen is the Chair, President, and CEO of ALLETE, Inc., since February 2020. She brings nearly 20 years of experience to this role, having started at ALLETE as an attorney in 2002. Bethany's career path shows her ability...

Quick Links
A

Bethany M. Owen

CEO of ALLETE

Education

Juris Doctor from the University of Minnesota Law School

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Utilities

Born

January 1, 1965 - 60 years ago

CEO of ALLETE for

5 years 2 months (Feb 2020 - Present)

Previous Experience

President of Superior Water, Light and Power Company, Senior Vice President and Chief Legal and Administrative Officer at ALLETE, Inc.

Holdings

See how much did Bethany M. Owen make over time.

As of early 2022, Bethany M. Owen holds 21,360 shares of ALLETE, which reflects a significant stake in the company she leads. Her holdings include 13,133 shares in common stock and 8,227 in restricted stock units. The value of her...

Insider Trading

See recent insider trades of Bethany M. Owen.

ALE

4,220.24 shares

ALE

Feb 5, 2025

Received

ALE

13,504 shares

ALE

Jan 29, 2025

Received

ALE

14,107.9 shares

ALE

Feb 7, 2024

Received

ALE

5,723 shares

ALE

Jan 25, 2024

Received

ALE

3,875 shares

ALE

Feb 2, 2023

Received

ALE

3,203 shares

ALE

Feb 1, 2022

Received

ALE

2,825 shares

ALE

Feb 2, 2021

Received

ALE

3,550.04 shares

ALE

Jan 30, 2020

Received

ALE

2,231.75 shares

ALE

Jan 30, 2019

Received

ALE

1,050.12 shares

ALE

Feb 1, 2018

Received

Compensation History

See how much did Bethany M. Owen make over time.

Bethany M. Owen's total compensation for 2023 was about $3.57 million, which included a salary of $753,893 and a notable vested stock value of $124,861 from restricted stock units. The structure of her compensation is designed to keep it tied to the company’s performance, which means her incentives are closely linked to how well ALLETE does financially. It's worth noting that there were no bonuses given in 2023, as this wasn't applicable to her compensation setup. This speaks to a fairly standard approach to executive compensation today, focusing on long-term rewards rather than immediate ones. The previous year saw a significant rise in her compensation, reflecting her growing responsibilities and the company’s performance under her leadership.

Year

2023

Total Compensation

$1.25M

Salary

$753.89K

Board Justification

The compensation philosophy is designed to align the interests of executives with those of shareholders, focusing on performance-based metrics and market competitiveness.

Bonus

$0.00

Board Justification

No bonus was reported for 2023 as it is not applicable to the CEO's compensation structure.

Other

$372.00K

Board Justification

This includes contributions to retirement plans and other benefits.

Restricted Stock

$124.86K(2.09K RSU)

Board Justification

The RSUs granted in 2021 vested on December 31, 2023, and were paid in Common Stock on February 9, 2023.

Performance Metrics

The performance metrics include annual financial targets, strategic goals, operational objectives, and safety goals.

Other ALLETE CEOs

Here are other CEOs of ALLETE