In 2016, Gale E. Klappa earned $5.83M in total compensation at WEC Energy Group, including $455.71K salary, $1.13M bonus and $4.03M in stock. Most recently acquired 264 shares in Sep 2024. Currently holds stock worth $33.63M. Led WEC Energy Group as CEO for 12 years.
Compensation History
Annual executive compensation data for Gale E. Klappa, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$5.83M
Salary
$455.71K
Bonus
$1.13M
Other
$210.44K
Salary
$455.71KBoard Justification
The compensation program is designed to attract and retain key individuals while aligning their interests with those of stockholders and customers through performance-based pay.
Bonus
$1.13MBoard Justification
Pro rata amount of his annual incentive due to retirement effective May 1, 2016
Other Compensation
$210.44KBoard Justification
Includes various perquisites and benefits such as financial planning and club memberships.
Restricted Stock
Board Justification
Includes 47,181 shares of restricted stock for which the Compensation Committee accelerated vesting effective May 1, 2016, plus additional shares that vested upon retirement.
Performance Metrics
Based on earnings per share, cash flow, and operational performance metrics.
Gale E. Klappa
Ex-CEO of WEC Energy Group
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Utilities
Born
May 1, 1948 - 77 years ago
CEO of WEC Energy Group for
12 years 0 months (May 2004 - May 2016)
Previous Experience
Chairman and Chief Executive Officer from May 2004 until retirement
Other WEC Energy Group CEOs
Holdings
Track Gale E. Klappa's stock holdings and portfolio value over time.
Total Stock Sold
$264.16M
$263.56M
4,751,061 WEC shares
$602.40K
12,000 BMI shares
What if they kept their stock?
If Gale E. Klappa didn't sell their stock, today they would have:
Extra WEC4,751,061 shares worth $502.23M and BMI12,000 shares worth $2.16M.
This is 90.94% and $240.23M more than what they got when they sold the stock.
Insider Trading
Gale E. Klappa's recent stock transactions, purchases, and sales filed with the SEC.
$5.64K
ASB at $21.36/share
Sep 16, 2024
Received
$5.59K
ASB at $20.25/share
Jun 17, 2024
Received
$5.53K
ASB at $20.25/share
Mar 15, 2024
Received
$2.93M
WEC at $78.69/share
Feb 29, 2024
Sale
$125.00K
ASB at $20.84/share
Feb 1, 2024
Received
30,539 shares
WEC
Jan 2, 2024
Received
$5.40K
ASB at $21.19/share
Dec 15, 2023
Received
$5.10K
ASB at $17.66/share
Sep 15, 2023
Received
$6.22K
ASB at $17.27/share
Jun 15, 2023
Received
$4.99K
ASB at $19.19/share
Mar 15, 2023
Received
Rivals
Compare Gale E. Klappa with competitor CEOs and industry peers.
Warner L. Baxter
CEO of Ameren
2021 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$0.00
Other
$158.48K
Total Holdings
$2.00M
Timothy Cawley
CEO of Consolidated Edison
2023 Compensation
Stock
$11.43M
Salary
$1.35M
Bonus
$2.26M
Other
$79.60K
Total Holdings
$3.07M
David A. Campbell
CEO of Evergy
2023 Compensation
Stock
$940.54K
Salary
$1.06M
Bonus
$0.00
Other
$60.80K
Total Holdings
$17.47M
Christopher C. Womack
CEO of Southern Company
2023 Compensation
Stock
$0.00
Salary
$1.45M
Bonus
$2.80M
Other
$110.06K
Total Holdings
$2.28M