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Gary J. Wolter is a well-regarded business leader with extensive experience in the energy sector, having served as the CEO of MGE Energy from 2011 to 2017. He holds a Bachelor's degree in Business Administration from the University of Wisconsin-Madison,...

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Gary J. Wolter

Ex-CEO of MGE Energy

Education

Juris Doctor from University of Wisconsin Law School

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Utilities

Born

May 15, 1952 - 72 years ago

CEO of MGE Energy for

17 years 2 months (Jan 2000 - Mar 2017)

Previous Experience

Various executive roles at MGE

Holdings

See how much did Gary J. Wolter make over time.

Throughout his time at MGE Energy, Gary J. Wolter’s holdings reflected significant engagement with the company’s stock. His wealth was particularly tied to MGE, demonstrating his confidence in the company’s future. In 2014, for instance, he reported holdings that were...

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Gary J. Wolter make over time.

Gary J. Wolter's compensation during his tenure at MGE Energy was structured to align closely with company performance. In 2017, he earned a total of $2,183,899, with a base salary of $100,296. A standout feature of his compensation was the bonus; he hit approximately 142% of his target due to solid company performance, which was a significant aspect of his total earnings. Compensation packages were influenced by key metrics such as earnings per share and customer satisfaction levels, ensuring that his incentives were well-aligned with corporate goals. Rather than stock options, his pay was largely derived from cash performance units, adding to a feeling of security in his compensation, an approach that demonstrates a clear focus on incentivizing results. Historically, his earnings have fluctuated, reflecting both the challenges and successes faced by the company over the years.

Year

2017

Total Compensation

$2.09M

Salary

$100.30K

Board Justification

The compensation program is designed to link a significant portion of the compensation of named executive officers to defined performance standards that promote a balance of near-term earnings and returns with growth in long-term shareholder value.

Bonus

$0.00

Board Justification

The target bonus amount for the CEO was set at 50 percent of annualized base pay at December 31, 2017, but the actual payout was 142.605 percent of the target amount due to strong overall performance.

Other

$1.99M

Board Justification

This includes the change in pension value and nonqualified deferred compensation earnings, which reflects the above-market earnings on nonqualified deferred compensation and the change in actuarial present values of accumulated benefits under the Retirement Plan and income continuation agreements.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were issued or vested in 2017 as the company does not have a stock award plan.

Performance Metrics

The performance metrics for the CEO's compensation in 2017 included earnings per share, customer satisfaction ratings, and service reliability.

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