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...

Number of Employees

7K

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.

SEC Filing

From March 21, 2019

Allen L. Leverett

Ex-CEO of WEC Energy Group

AL

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1966 - 59 years ago

Is Founder?

No

Tenure

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