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...

Current Market Cap

$30.56B

Number of Employees

7K

Total Compensation

2012 - 2016

Trending up by 264.28% last year
Showing total compensation for the last 2012 - 2016

Stock

Up by 0.00% last year

Salary

Down by -65.60% last year

Bonus

Up by 0.00% last year

Other

Down by -23.92% last year

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.

SEC Filing

From March 23, 2017