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Jeffrey M. Keebler is the Chief Executive Officer of MGE Energy, Inc., a prominent player in energy supply and services. With a solid foundation in electrical engineering from the University of Wisconsin-Madison, he has spent over 20 years with the...

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Jeffrey M. Keebler

CEO of MGE Energy

Education

Bachelor's degree in Business Administration from University of Wisconsin-Madison

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Utilities

Born

June 10, 1972 - 53 years ago

CEO of MGE Energy for

8 years 3 months (Mar 2017 - Present)

Previous Experience

Senior Vice President - Energy Supply and Planning at MGE

Holdings

See how much did Jeffrey M. Keebler make over time.

Jeffrey M. Keebler has a vested interest in MGE Energy's performance. As of December 31, 2021, he held significant performance unit awards, including 3,350 restricted stock units valued around $291,115. Over the years, his holdings have fluctuated, with awards scheduled...

Mar 17, 2025

Insider Trading

See recent insider trades of Jeffrey M. Keebler.

MGEE

6,907 shares

MGEE

Mar 3, 2025

Received

MGEE

5,162 shares

MGEE

Mar 1, 2024

Received

MGEE

3,415 shares

MGEE

Mar 1, 2023

Received

MGEE

6,490 shares

MGEE

Feb 19, 2021

Received

MGEE

$34.97K

MGEE at $66.62/share

Mar 25, 2019

Purchase

MGEE

$34.97K

MGEE at $55.73/share

Mar 13, 2018

Purchase

MGEE

$35.00K

MGEE at $64.02/share

Sep 5, 2017

Purchase

MGEE

$12.00K

MGEE at $60.47/share

Dec 6, 2016

Purchase

Compensation History

See how much did Jeffrey M. Keebler make over time.

In 2021, Jeffrey M. Keebler's total compensation was reported at $263,028. His pay structure included a base salary of $643,333, a bonus of $455,512, and vested stock awards valued at $416,700. Notably, his bonus was tied to MGE Energy's performance metrics, showcasing a results-driven approach. This bonus was 127% of the target amount, reflecting the company's positive outlook during that fiscal year. Keebler’s compensation plan aligns executive incentives with the broader goals of the company and shareholder interests, ensuring strong performances across the board. His pay has fluctuated over the years, with total compensation peaking at $2,381,012 in 2019, aligning with significant company achievements during that time. This focus on performance and accountability emphasizes his role as a leader who is both rewarded and responsible based on MGE's success.

Year

2021

Total Compensation

$1.52M

Salary

$643.33K

Board Justification

The compensation philosophy is designed to align executive pay with company performance and shareholder interests, incorporating both short-term and long-term incentives to drive performance.

Bonus

$455.51K

Board Justification

The bonus for 2021 was determined based on the company's performance metrics, including earnings per share and customer satisfaction ratings, with an actual payout of 127% of the target amount.

Other

$8.70K

Board Justification

This includes contributions to the 401(k) retirement plan and other benefits.

Restricted Stock

$416.70K(4.63K Time-Based Units)

Board Justification

The time-based stock awards that vested in 2021 were calculated based on the market price of the stock at the time of vesting.

Performance Metrics

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

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