Sundar PichaiSundar Pichai earned $164M in 2023

Gale E. Klappa, born in 1948, has been a key figure at WEC Energy Group, starting as CEO in 2004 and later becoming the Executive Chairman until his retirement in 2016. During his leadership, he transformed the company with a...

Quick Links
W

Gale E. Klappa

Ex-CEO of WEC Energy Group

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Utilities

Born

May 1, 1948 - 76 years ago

CEO of WEC Energy Group for

12 years 0 months (May 2004 - May 2016)

Previous Experience

Chairman and Chief Executive Officer from May 2004 until retirement

Holdings

See how much did Gale E. Klappa make over time.

Gale E. Klappa's holdings reflect his deep commitment to WEC Energy Group. At various times, his holdings have reached impressive values, with notable peaks over $30 million. The insider trading data indicates fluctuations in his portfolio, where he managed assets...

Loading...

Total Stock Sold

$263.40M

WEC

$262.80M

4,751,061 WEC shares

BMI

$602.40K

12,000 BMI shares

What if they kept their stock?

If Gale E. Klappa didn't sell their stock, today they would have:
Extra WEC4,751,061 shares worth $433.68M and BMI12,000 shares worth $641.40K.
This is 64.89% and $170.92M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gale E. Klappa.

ASB

$5.64K

ASB at $21.36/share

Sep 16, 2024

Received

ASB

$5.59K

ASB at $20.25/share

Jun 17, 2024

Received

ASB

$5.53K

ASB at $20.25/share

Mar 15, 2024

Received

WEC

$2.93M

WEC at $78.69/share

Feb 29, 2024

Sale

ASB

$125.00K

ASB at $20.84/share

Feb 1, 2024

Received

WEC

30,539 shares

WEC

Jan 2, 2024

Received

ASB

$5.40K

ASB at $21.19/share

Dec 15, 2023

Received

ASB

$5.10K

ASB at $17.66/share

Sep 15, 2023

Received

ASB

$6.22K

ASB at $17.27/share

Jun 15, 2023

Received

ASB

$4.99K

ASB at $19.19/share

Mar 15, 2023

Received

Compensation History

See how much did Gale E. Klappa make over time.

Gale E. Klappa's compensation journey at WEC Energy Group showcases a mix of salary, bonuses, and stock awards over the years. In 2016, his total compensation reached approximately $11.1 million, driven by a substantial retirement bonus and accelerated stock vesting. His compensation structure was heavily tied to performance metrics, rewarding his strategic direction and operational success. The design of his pay plans aimed to align his interests with those of shareholders, grounded in achieving earnings and growth targets. In 2014, with a total of around $12.5 million, his pay demonstrated the recognition of his efforts to drive the company forward. Despite moving to a Non-Executive role in 2024, Klappa's established compensation framework reflects a long-term engagement strategy that leverages performance for both him and the company.

Year

2016

Total Compensation

$5.83M

Salary

$455.71K

Board Justification

The compensation program is designed to attract and retain key individuals while aligning their interests with those of stockholders and customers through performance-based pay.

Bonus

$1.13M

Board Justification

Pro rata amount of his annual incentive due to retirement effective May 1, 2016

Other

$210.44K

Board Justification

Includes various perquisites and benefits such as financial planning and club memberships.

Restricted Stock

$4.03M(71.81K restricted stock)

Board Justification

Includes 47,181 shares of restricted stock for which the Compensation Committee accelerated vesting effective May 1, 2016, plus additional shares that vested upon retirement.

Performance Metrics

Based on earnings per share, cash flow, and operational performance metrics.

Other WEC Energy Group CEOs

Here are other CEOs of WEC Energy Group