Sundar PichaiSundar Pichai earned $164M in 2023

J. LaMont Keen is known for his leadership at IDACORP and Idaho Power, where he served as CEO from 2006 until his retirement in 2014. Over nearly 40 years at Idaho Power, he built a strong reputation in the energy...

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J. LaMont Keen

Ex-CEO of IDACORP

Sector of Economy

Utilities

Born

July 30, 2024 - 0 years ago

CEO of IDACORP for

7 years 6 months (Jul 2006 - Jan 2014)

Previous Experience

Unknown

Holdings

See how much did J. LaMont Keen make over time.

Throughout his time as CEO, J. LaMont Keen held significant shares in IDACORP, showcasing his commitment to the company. After retiring, his wealth tied to IDACORP stock experienced fluctuations especially due to market trends and company performance. In 2013, his...

Total Stock Sold

$8.07M

IDA

$8.07M

140,000 IDA shares

What if they kept their stock?

If J. LaMont Keen didn't sell their stock, today they would have:
Extra IDA140,000 shares worth $13.01M.
This is 61.18% and $4.94M more than what they got when they sold the stock.

Charitable Transactions

IDA

955 shares

IDA

Recent Charitable Transactions

IDA

55 shares

IDA

Dec 20, 2017

Charity

IDA

250 shares

IDA

Nov 22, 2017

Charity

IDA

650 shares

IDA

Mar 9, 2017

Charity

Insider Trading

See recent insider trades of J. LaMont Keen.

IDA

1,295 shares

IDA

Mar 1, 2018

Received

IDA

55 shares

IDA

Dec 20, 2017

Charity

IDA

250 shares

IDA

Nov 22, 2017

Charity

IDA

650 shares

IDA

Mar 9, 2017

Charity

IDA

1,205 shares

IDA

Mar 1, 2017

Received

IDA

642 shares

IDA

Feb 24, 2017

Received

IDA

$314.17K

IDA at $78.54/share

Aug 11, 2016

Sale

IDA

$322.60K

IDA at $80.65/share

Jul 14, 2016

Sale

IDA

$299.20K

IDA at $74.80/share

Jun 9, 2016

Sale

IDA

$295.45K

IDA at $73.86/share

May 12, 2016

Sale

Compensation History

See how much did J. LaMont Keen make over time.

During his tenure as CEO of IDACORP, J. LaMont Keen's compensation was structured to reward performance. In 2014, his total compensation was approximately $2.93 million, primarily coming from a salary of about $284,690, with additional components tied to long-term performance incentives. Keen did not receive bonuses in several years, including 2013 and 2014, yet his compensation focused on financial and operational success metrics. Notably, his compensation philosophy linked executive pay to the company's achievements in customer satisfaction and operational efficiency, emphasizing a long-term perspective that aligns management's interests with those of IDACORP’s shareholders. This model not only motivated Keen but also ensured his leadership drove value for the company and its investors.

Year

2014

Total Compensation

$584.47K

Salary

$284.69K

Board Justification

The compensation philosophy emphasizes a pay-for-performance model, linking executive compensation to the company's financial and operational performance to align with shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2014 as Mr. Keen retired on April 30, 2014, and received only a prorated portion of the short-term incentive compensation based on his period of service as an officer during 2014.

Other

$299.78K

Board Justification

Includes accrued but unused vacation benefits of $28,940 and other compensation received after retirement for his role as a director.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

Mr. Keen's time-vesting shares vested on a prorated basis upon his retirement, effective April 30, 2014, and thus he received no additional vested stock in 2014.

Performance Metrics

The performance metrics for 2014 included customer satisfaction, network reliability, and consolidated net income.