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Ben Fowke is the former Chairman, President, and CEO of Xcel Energy, who led the company from August 2011 until his retirement in August 2021. With a strong background in finance and a Bachelor’s degree in Business Administration from the...

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Ben Fowke

Ex-CEO of Xcel Energy

Education

Bachelor of Science in Business Administration from the University of Minnesota Duluth

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Utilities

Born

April 14, 1960 - 64 years ago

CEO of Xcel Energy for

9 years 11 months (Aug 2011 - Aug 2021)

Previous Experience

Executive Vice President and Chief Financial Officer of Xcel Energy Inc.

Holdings

See how much did Ben Fowke make over time.

During his tenure at Xcel Energy, Ben Fowke held significant stock in the company, primarily through performance shares that tied his wealth directly to the company's success. In 2021, after years of strong performance metrics, he experienced a notable peak...

Mar 18, 2025

Total Stock Sold

$51.82M

XEL

$51.82M

810,966 XEL shares

What if they kept their stock?

If Ben Fowke didn't sell their stock, today they would have:
Extra XEL810,966 shares worth $51.62M.
This is -0.37% and $193.06K less than what they got when they sold the stock.

Charitable Transactions

XEL

14,030 shares

XEL

Recent Charitable Transactions

XEL

3,077 shares

XEL

Dec 31, 2018

Charity

XEL

10,953 shares

XEL

Dec 7, 2016

Charity

Insider Trading

See recent insider trades of Ben Fowke.

AEP

$999.95K

AEP at $100.74/share

Sep 26, 2024

Received

AEP

$999.90K

AEP at $99.02/share

Aug 1, 2024

Received

AEP

$26.67K

AEP at $86.10/share

Mar 31, 2024

Received

AEP

$6.00M

AEP at $82.45/share

Feb 26, 2024

Received

AEP

$40.00K

AEP at $81.22/share

Dec 31, 2023

Received

XEL

$3.38M

XEL at $67.57/share

Dec 13, 2021

Sale

XEL

$3.79M

XEL at $69.73/share

Sep 1, 2021

Sale

XEL

$3.66M

XEL at $70.27/share

Jun 4, 2021

Sale

XEL

$8.68M

XEL at $71.71/share

May 14, 2021

Sale

XEL

97,230.381 shares

XEL

Feb 16, 2021

Received

Compensation History

See how much did Ben Fowke make over time.

In 2021, Ben Fowke received a total compensation package of $12.78 million, primarily comprised of $9 million in vested stock and a base salary of $1.35 million. His compensation structure was designed to emphasize long-term performance, reflecting the company's commitment to aligning executive pay with shareholder interests. Interestingly, he did not receive any cash bonuses in 2021, which highlights a shift towards performance-based incentives over immediate financial rewards. Over the years, Fowke's compensation has varied significantly, peaking in previous years primarily due to stock awards linked to company performance metrics, illustrating his strategic focus on maintaining a balance between immediate pay and long-term shareholder value.

Year

2021

Total Compensation

$3.27M

Salary

$1.35M

Board Justification

The compensation philosophy emphasizes performance-based pay that aligns with shareholder interests and includes a significant portion of variable compensation tied to performance metrics.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2021 as the focus was on long-term incentives and performance-based compensation.

Other

$129.78K

Board Justification

Includes contributions to the nonqualified Deferred Compensation Plan and imputed income on life insurance paid by the Company.

Restricted Stock

$1.79M(9M Performance Shares)

Board Justification

The value of performance shares that vested in 2021 based on the achievement of performance metrics for the period ending December 31, 2021.

Performance Metrics

Performance metrics include operational and financial goals, with a focus on long-term shareholder value and sustainability initiatives.

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