Allen L. Leverett served as the CEO of WEC Energy Group from 2016 to 2018, after being President since 2013. His journey to the top began after he joined the company in 2003 as Chief Financial Officer. Leverett was responsible...

Allen L. Leverett served as the CEO of WEC Energy Group from 2016 to 2018, after being President since 2013. His journey to the top began after he joined the company in 2003 as Chief Financial Officer. Leverett was responsible for the company's power generation operations and played a crucial role in managing significant changes during his tenure, including the merger with Integrys Energy Group in 2015. However, his career faced a major challenge when he suffered a stroke in late 2017, which forced him to take medical leave. He resigned as President in 2018 but continued serving on the board. Despite these challenges, Leverett's leadership helped the company navigate through a rapidly changing energy landscape. His compensation varied widely, peaking at nearly $13.4 million in 2017, showcasing the ups and downs of performance-based pay. Additionally, his involvement in insider trading showed fluctuations in his stock holdings, which reached values over $17 million at their peak in early 2022.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other WEC Energy Group CEOs

W

Allen L. Leverett

Ex-CEO of WEC Energy Group

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

January 1, 1966 - 59 years ago

CEO of WEC Energy Group for

2 years 5 months (May 2016 - Oct 2018)

Previous Experience

President of WEC Energy since August 2013, principal executive officer of electric utility generation operations since March 2011

Rivals

Competitors/colleagues of Allen L. Leverett

A

Warner L. Baxter

CEO of Ameren

2021 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$158.48K

Total Holdings

$23.31M

D

Robert M. Blue

CEO of Dominion Energy

2023 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$2.08M

Other

$189.91K

Total Holdings

$8.83M

C

Patricia Kessler Poppe

CEO of CMS Energy

2023 Compensation

Stock

$0.00

Salary

$1.24M

Bonus

$1.95M

Other

$23.85K

Total Holdings

$26.21M

C

Timothy Cawley

CEO of Consolidated Edison

2023 Compensation

Stock

$11.43M

Salary

$1.35M

Bonus

$2.26M

Other

$79.60K

Total Holdings

$23.63M

E

David A. Campbell

CEO of Evergy

2023 Compensation

Stock

$940.54K

Salary

$1.06M

Bonus

$0.00

Other

$60.80K

Total Holdings

$26.23M

S

Christopher C. Womack

CEO of Southern Company

2023 Compensation

Stock

$0.00

Salary

$1.45M

Bonus

$2.80M

Other

$110.06K

Total Holdings

$13.62M

Holdings

See how much did Allen L. Leverett make over time.

Allen L. Leverett's stock holdings at WEC Energy saw significant fluctuations. In September 2019, his portfolio value peaked at approximately $16.38 million. Over the next few months, his holdings fluctuated but remained relatively high, with values ranging between $14.61 million...

Allen L. Leverett's stock holdings at WEC Energy saw significant fluctuations. In September 2019, his portfolio value peaked at approximately $16.38 million. Over the next few months, his holdings fluctuated but remained relatively high, with values ranging between $14.61 million and $17.41 million throughout 2020 to 2021. There was a notable rise in value from early 2021, where it reached around $16.66 million, followed by a decline down to about $14.14 million by October 2023. Despite these ups and downs, his holdings showed a consistent level of investment in the company during his tenure, further illustrating his stake in WEC Energy’s success.

Mar 17, 2025

W

shares

WEC @ $107.12

Total Stock Sold

$89.82M

WEC

$89.82M

1,855,301 WEC shares

What if they kept their stock?

If Allen L. Leverett didn't sell their stock, today they would have:
Extra WEC1,855,301 shares worth $182.23M.
This is 102.89% and $92.41M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Allen L. Leverett.

WEC

$8.25M

WEC at $82.49/share

May 24, 2019

Sale

WEC

$432.35K

WEC at $74.79/share

Feb 19, 2019

Sale

WEC

$8.35M

WEC at $74.35/share

Feb 14, 2019

Sale

WEC

11,145 shares

WEC

Jan 2, 2018

Received

WEC

12,975 shares

WEC

Jan 3, 2017

Received

WEC

$1.73M

WEC at $58.32/share

Jan 3, 2017

Sale

WEC

$1.72M

WEC at $64.10/share

Aug 4, 2016

Sale

WEC

$4.11M

WEC at $60.30/share

Jun 1, 2016

Sale

WEC

3,186 shares

WEC

May 2, 2016

Received

WEC

$1.79M

WEC at $57.59/share

Feb 23, 2016

Sale

Compensation History

See how much did Allen L. Leverett make over time.

During his time as CEO and President of WEC Energy Group, Allen L. Leverett’s compensation varied significantly. In 2017, he earned around $13.4 million, primarily from a salary of $1.16 million and a bonus exceeding $2.9 million tied to company performance. However, in 2018, his total compensation dropped to zero after he resigned as President due to health issues, reflecting the volatile nature of executive compensation based on an individual's performance and company outcomes. The compensation philosophy at WEC Energy focuses on aligning pay with performance, which is evident from the highs and lows in Leverett’s financial rewards during his time at the top.

Year

2018

Total Compensation

$0.00

Salary

$0.00

Board Justification

The compensation philosophy of WEC Energy Group aims to provide competitive, performance-based compensation that aligns with the company's long-term goals and stockholder interests.

Bonus

$0.00

Board Justification

Mr. Leverett's target award level under the Short-Term Performance Plan (STPP) remained unchanged at 125% of base salary, but he did not receive any bonus due to his resignation as President in October 2018.

Other

$0.00

Board Justification

Mr. Leverett did not receive any non-management director compensation during 2018 as he resigned his position as President but continued to serve as a member of the Board.

Restricted Stock

$0.00(0 RSU)

Board Justification

Mr. Leverett received a customary long-term incentive award in accordance with the Company’s standard practices for those on medical leave, but the specific amount is not detailed in the provided text.

Performance Metrics

Mr. Leverett's compensation was tied to the company's performance metrics under the STPP, which included financial results such as earnings per share and cash flow.

Other WEC Energy Group CEOs

Here are other CEOs of WEC Energy Group

Gale E. Klappa

Ex-CEO of WEC Energy Group

May 2004 - May 2016

J. Kevin Fletcher

Ex-CEO of WEC Energy Group

October 2018 - February 2022