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Kelcy L. Warren is the Executive Chairman of Energy Transfer LP, a major player in the energy sector. He helped transform the company from a small pipeline business into a leading energy firm. Kelcy, born on November 10, 1956, co-founded...

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Kelcy L. Warren

Founder and CEO of Energy Transfer

Education

Bachelor's degree in Civil Engineering from the University of Texas at Arlington

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

November 5, 1955 - 69 years ago

CEO of Energy Transfer for

17 years 7 months (Aug 2007 - Present)

Previous Experience

Co-Chief Executive Officer and Co-Chairman of Energy Transfer Partners, L.P.

Holdings

See how much did Kelcy L. Warren make over time.

Kelcy L. Warren holds a significant amount of Energy Transfer LP’s common units. His wealth is closely tied to his stake in the company, which has seen notable fluctuations over the years. At one point, a large portion of his...

Insider Trading

See recent insider trades of Kelcy L. Warren.

ET

$47.04M

ET at $15.68/share

Aug 12, 2024

Purchase

ET

$9.19M

ET at $15.32/share

Jun 17, 2024

Received

ET

$13.33M

ET at $13.33/share

Nov 7, 2023

Purchase

ET

$13.53M

ET at $13.53/share

Nov 6, 2023

Purchase

ET

$38.88M

ET at $12.96/share

Aug 17, 2023

Purchase

ET

$4.47M

ET at $12.76/share

May 24, 2023

Purchase

ET

$5.11M

ET at $12.78/share

May 23, 2023

Purchase

ET

$9.59M

ET at $12.79/share

May 22, 2023

Purchase

ET

$12.49M

ET at $12.49/share

May 15, 2023

Purchase

ET

$6.14M

ET at $12.27/share

May 12, 2023

Purchase

Compensation History

See how much did Kelcy L. Warren make over time.

As the Executive Chairman of Energy Transfer, Kelcy Warren's previous role as CEO saw him earning a competitive compensation package. In 2012, for example, he received total compensation of $647,171, which included a base salary of $425,000 and a performance-based bonus of $225,000. The bonuses are tied to the company's performance metrics, like bookings and operating income, indicating a clear link between his pay and the company's success. This structure is designed to incentivize high performance while retaining key executives. His compensation also highlights the importance of aligning executive pay with company goals, an approach Warren has supported over the years.

Year

2012

Total Compensation

$651.17K

Salary

$425.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, utilizing peer benchmarking and retention strategies to ensure competitive compensation packages.

Bonus

$225.00K

Board Justification

The bonus is based on performance metrics established by the Compensation Committee, including total bookings and adjusted operating income, with payouts determined quarterly and annually based on achieving these targets.

Other

$1.17K

Board Justification

Other compensation includes matching contributions under the 401(k) plan and life insurance premiums paid by the company.

Restricted Stock

$0.00(0 common stock)

Board Justification

No stock was reported as vested in 2012.

Performance Metrics

Performance metrics include total bookings, adjusted operating income, and cash balance.

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