In 2022, Charles S. MacFarlane earned $1.61M in total compensation at Otter Tail, including $775.00K salary and $147.25K bonus. Most recently acquired 60,000 shares in Feb 2024. Currently holds stock worth $26.07M. Has donated $1.89M in stock to charitable causes. Led Otter Tail as CEO for 8 years.
Compensation History
Annual executive compensation data for Charles S. MacFarlane, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$1.61M
Salary
$775.00K
Bonus
$147.25K
Other
$689.58K
Salary
$775.00KBoard Justification
The compensation philosophy focuses on attracting, retaining, and motivating highly qualified executive officers, with a significant portion of pay at risk based on performance metrics.
Bonus
$147.25KBoard Justification
Bonuses paid to Mr. MacFarlane were based on the achievement of individual goals established at the beginning of the year, and individual performance as determined by the Compensation and Human Capital Management Committee, subject to ratification by the independent members of the Board of Directors.
Other Compensation
$689.58KBoard Justification
Other compensation includes contributions to the 401(k) Retirement Savings Plan, contributions under the Employee Stock Ownership Plan, and other benefits.
Restricted Stock
Board Justification
No stock grants vested in 2022 as the focus is on performance shares and restricted stock units that vest over time.
Performance Metrics
Performance metrics include Corporate Earnings Per Share, Corporate Return on Equity, Electric Platform Net Income, Electric Platform Return on Equity, and Manufacturing Platform Net Income.
Charles S. MacFarlane
Ex-CEO of Otter Tail
Education
Master's degree in Business Administration
Field of Expertise
Business & Management - Business Management
Sector of Economy
Utilities
Born
January 1, 1961 - 64 years ago
CEO of Otter Tail for
8 years 9 months (Apr 2015 - Jan 2024)
Previous Experience
Various executive roles within Otter Tail Corporation since joining in 2000.
Holdings
Track Charles S. MacFarlane's stock holdings and portfolio value over time.
Charitable Transactions
23,046 shares
OTTR
Recent Charitable Transactions
23,046 shares
OTTR
Mar 12, 2024
Charity
Insider Trading
Charles S. MacFarlane's recent stock transactions, purchases, and sales filed with the SEC.
23,046 shares
OTTR
Mar 12, 2024
Charity
$5.60M
OTTR at $93.33/share
Feb 6, 2024
Received
$2.68M
OTTR at $64.65/share
Feb 7, 2023
Received
$2.54M
OTTR at $61.37/share
Feb 7, 2022
Received
75,459 shares
OTTR
Dec 31, 2021
Charity
$1.16M
OTTR at $42.35/share
Feb 10, 2021
Received
$1.66M
OTTR at $54.06/share
Feb 12, 2020
Received
$2.54M
OTTR at $49.62/share
Feb 13, 2019
Received
6,100 shares
OTTR
Feb 6, 2018
Received
$1.67M
OTTR at $41.33/share
Feb 5, 2018
Received
Rivals
Compare Charles S. MacFarlane with competitor CEOs and industry peers.