In 2023, Robert C. Frenzel earned $2.77M in total compensation at Xcel Energy, including $1.30M salary and $1.40M in stock. Most recently acquired 162,036 shares in Feb 2025. Currently holds stock worth $33.06M. Has donated $77.18K in stock to charitable causes. 4+ years at the helm of Xcel Energy.
Compensation History
Annual executive compensation data for Robert C. Frenzel, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.77M
Salary
$1.30M
Bonus
$0.00
Other
$70.78K
Salary
$1.30MBoard Justification
The compensation philosophy emphasizes performance-based compensation aligned with shareholder interests, with a significant portion of executive pay being variable and linked to company performance metrics.
Bonus
$0.00Board Justification
No additional cash awards were reported for 2023 under the AIP, reflecting individual performance contributions.
Other Compensation
$70.78KBoard Justification
Includes contributions to the Deferred Compensation Plan, contributions to the 401(k) Savings Plan, and other benefits.
Restricted Stock
Board Justification
23,659 shares of performance shares vested in 2023 based on the performance period ending December 31, 2023, with a payout based on carbon dioxide emissions reduction.
Performance Metrics
Key performance metrics include electric system reliability, safety, carbon dioxide emissions reduction, customer satisfaction, diversity, equity and inclusion, and relative total shareholder return.
Robert C. Frenzel
CEO of Xcel Energy
Education
Bachelor of Science in Business Administration from the University of Minnesota
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Utilities
Born
January 1, 1970 - 55 years ago
CEO of Xcel Energy for
4 years 3 months (Aug 2021 - Present)
Previous Experience
Executive Vice President, Chief Financial Officer of Xcel Energy Inc.
Other Xcel Energy CEOs
Holdings
Track Robert C. Frenzel's stock holdings and portfolio value over time.
Total Stock Sold
$535.04K
$535.04K
8,400 XEL shares
What if they kept their stock?
If Robert C. Frenzel didn't sell their stock, today they would have:
Extra XEL8,400 shares worth $648.31K.
This is 21.17% and $113.28K more than what they got when they sold the stock.
Charitable Transactions
1,000 shares
XEL
Recent Charitable Transactions
1,000 shares
XEL
Jan 3, 2023
Charity
Insider Trading
Robert C. Frenzel's recent stock transactions, purchases, and sales filed with the SEC.
162,036 shares
XEL
Feb 25, 2025
Received
49,357 shares
XEL
Jan 2, 2025
Received
23,657.356 shares
XEL
Feb 20, 2024
Received
152,336 shares
XEL
Oct 25, 2023
Received
37,069.757 shares
XEL
Feb 21, 2023
Received
1,000 shares
XEL
Jan 3, 2023
Charity
34,614.952 shares
XEL
Feb 22, 2022
Received
35,898.961 shares
XEL
Feb 16, 2021
Received
$270.55K
XEL at $67.64/share
Mar 4, 2020
Sale
29,216.347 shares
XEL
Feb 18, 2020
Received
Rivals
Compare Robert C. Frenzel with competitor CEOs and industry peers.
Steven E. Strah
CEO of FirstEnergy
2021 Compensation
Stock
$0.00
Salary
$1.08M
Bonus
$0.00
Other
$29.11K
Total Holdings
$283.79K
Lloyd Yates
CEO of NiSource
2023 Compensation
Stock
$0.00
Salary
$1.04M
Bonus
$2.50M
Other
$466.59K
Total Holdings
$4.96M
Scott J. Lauber
CEO of WEC Energy Group
2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$504.54K
Total Holdings
$196.23K
John W. Ketchum
CEO of Nextra Energy
2024 Compensation
Stock
$9.33M
Salary
$1.58M
Bonus
$0.00
Other
$441.01K
Total Holdings
$1.52M