In 2008, Michael J. Hanson earned $1.34M in total compensation at NorthWestern Energy Group, Inc., including $355.18K salary, $210.83K bonus and $165.99K in stock. Led NorthWestern Energy Group, Inc. as CEO for 3 years.
Compensation History
Annual executive compensation data for Michael J. Hanson, including salary, bonuses, and stock awards.
Year
2008
Total Compensation
$1.34M
Salary
$355.18K
Bonus
$210.83K
Other
$608.16K
Salary
$355.18KBoard Justification
The compensation philosophy aims to align executive compensation with company performance and market benchmarks, ensuring competitive pay to attract and retain talent.
Bonus
$210.83KBoard Justification
The bonus was calculated based on the annual incentive plan, reflecting a performance multiplier of 100% for 2008.
Other Compensation
$608.16KBoard Justification
Other compensation includes a severance payment of $536,900, a pro-rata annual short-term incentive bonus of $210,825, and other benefits.
Restricted Stock
Board Justification
The stock that vested in 2008 was part of the long-term incentive plan, with shares vesting on August 28, 2008, due to termination.
Performance Metrics
Performance metrics for 2008 included financial targets based on net income and operational targets related to reliability, customer satisfaction, and safety.
Michael J. Hanson
Ex-CEO of NorthWestern Energy Group, Inc.
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Utilities
Born
January 1, 1959 - 66 years ago
CEO of NorthWestern Energy Group, Inc. for
3 years 2 months (May 2005 - Aug 2008)
Previous Experience
President and Chief Executive Officer of the Company’s utility division until 2003; Chief Operating Officer since 2003.
Other NorthWestern Energy Group, Inc. CEOs
Holdings
Track Michael J. Hanson's stock holdings and portfolio value over time.
Insider Trading
Michael J. Hanson's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Michael J. Hanson 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
Stephen D. Westhoven
CEO of New Jersey Resources
2023 Compensation
Stock
$1.41M
Salary
$938.25K
Bonus
$0.00
Other
$75.31K
Total Holdings
$56.89M
Sean Trauschke
CEO of OGE Energy
2023 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$1.49M
Other
$154.25K
Total Holdings
$89.92K