Robert C. Frenzel, born in 1970, is the CEO of Xcel Energy, leading the company since August 2021. With a Bachelor of Science in Business Administration from the University of Minnesota, he has a solid foundation in finance. Before becoming CEO, Frenzel was Xcel Energy's President and Chief Operating Officer, indicating his deep involvement in the company's operations and strategy. Under his leadership, Xcel has placed a strong focus on performance metrics like reducing carbon emissions and improving customer satisfaction. In 2023, his total compensation was noted at over $21 million, a significant jump from 2022's approximately $10 million. Frenzel has actively engaged in insider trading over the years, with notable trades reaching as high as $16.94 million in December 2023. This active involvement in stock activity alongside his leadership role reflects a hands-on approach to aligning personal and shareholder interests. His work at Xcel is not only about profits but also about leading the charge towards sustainable energy solutions, showcasing a commitment to both business performance and environmental responsibility.

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Robert C. Frenzel

CEO of Xcel Energy

Education

Bachelor of Science in Business Administration from the University of Minnesota

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Utilities

Born

January 1, 1970 - 55 years ago

CEO of Xcel Energy for

3 years 7 months (Aug 2021 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Robert C. Frenzel

Robert M. Blue

CEO of Dominion Energy

2023 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$2.08M

Other

$189.91K

Total Holdings

$8.83M

Steven E. Strah

CEO of FirstEnergy

2021 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$0.00

Other

$29.11K

Total Holdings

$3.86M

Patricia Kessler Poppe

CEO of CMS Energy

2023 Compensation

Stock

$0.00

Salary

$1.24M

Bonus

$1.95M

Other

$23.85K

Total Holdings

$26.21M

Lloyd Yates

CEO of NiSource

2023 Compensation

Stock

$0.00

Salary

$1.04M

Bonus

$2.50M

Other

$466.59K

Total Holdings

$10.10M

Scott J. Lauber

CEO of WEC Energy Group

2023 Compensation

Stock

$0.00

Salary

$1.09M

Bonus

$0.00

Other

$504.54K

Total Holdings

$5.61M

John W. Ketchum

CEO of Nextra Energy

2023 Compensation

Stock

$4.24M

Salary

$1.58M

Bonus

$0.00

Other

$399.40K

Total Holdings

$36.01M

Holdings

See how much did Robert C. Frenzel make over time.

Robert C. Frenzel has been actively engaged in insider trading since at least 2019, with his trading activity reflecting fluctuations in Xcel Energy's stock. His holdings reached a peak of around $18.87 million in September 2024. Over the years, he demonstrated a significant increase in his stock value, particularly noticeable in 2023 when the value varied from about $7.04 million to as high as $16.94 million in December. These numbers show a strong alignment between Frenzel’s personal financial interests and the performance of Xcel Energy. The wide-ranging fluctuations indicate his keen involvement in both the financial market and the operational performance of the company, as his wealth is substantially tied to the success of Xcel Energy's initiatives in the energy sector.

Total Stock Sold

$535.04K

XEL

$535.04K

8,400 XEL shares

What if they kept their stock?

If Robert C. Frenzel didn't sell their stock, today they would have:
Extra XEL8,400 shares worth $497.53K.
This is -7.01% and $37.50K less than what they got when they sold the stock.

Charitable Transactions

XEL

1,000 shares

XEL

Recent Charitable Transactions

XEL

1,000 shares

XEL

Jan 3, 2023

Charity

Insider Trading

See recent insider trades of Robert C. Frenzel.

XEL

81,018 shares

XEL

Feb 25, 2025

Received

XEL

49,357 shares

XEL

Jan 2, 2025

Received

XEL

23,657.356 shares

XEL

Feb 20, 2024

Received

XEL

152,336 shares

XEL

Oct 25, 2023

Received

XEL

37,069.757 shares

XEL

Feb 21, 2023

Received

XEL

1,000 shares

XEL

Jan 3, 2023

Charity

XEL

34,614.952 shares

XEL

Feb 22, 2022

Received

XEL

35,898.961 shares

XEL

Feb 16, 2021

Received

XEL

$270.55K

XEL at $67.64/share

Mar 4, 2020

Sale

XEL

29,216.347 shares

XEL

Feb 18, 2020

Received

Compensation History

See how much did Robert C. Frenzel make over time.

In 2023, Robert C. Frenzel's compensation totaled about $21.4 million, marking a notable increase over previous years. His salary included a base pay of $1.3 million and over $13 million in vested stock, which was tied to performance related to carbon emissions reduction. Interestingly, there was no cash bonus reported, pointing to a focus on long-term incentives rather than short-term payouts. In 2022, his total compensation nearly halved to $10.3 million, emphasizing the volatility and performance-driven nature of executive pay in energy sectors. His previous role as President and Chief Operating Officer suggests that he might have been well-equipped for the challenges of leading Xcel Energy towards its ambitious sustainability goals, meaning that his compensation structure is likely designed to align with these objectives and shareholder interests.

Year

2023

Total Compensation

$2.77M

Salary

$1.30M

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with shareholder interests, with a significant portion of executive pay being variable and linked to company performance metrics.

Bonus

$0.00

Board Justification

No additional cash awards were reported for 2023 under the AIP, reflecting individual performance contributions.

Other

$70.78K

Board Justification

Includes contributions to the Deferred Compensation Plan, contributions to the 401(k) Savings Plan, and other benefits.

Restricted Stock

$1.40M(23.66K RSU)

Board Justification

23,659 shares of performance shares vested in 2023 based on the performance period ending December 31, 2023, with a payout based on carbon dioxide emissions reduction.

Performance Metrics

Key performance metrics include electric system reliability, safety, carbon dioxide emissions reduction, customer satisfaction, diversity, equity and inclusion, and relative total shareholder return.

Other Xcel Energy CEOs

Here are other CEOs of Xcel Energy

Ben Fowke

Ex-CEO of Xcel Energy

August 2011 - August 2021