Scott J. Lauber has been the President and CEO of WEC Energy Group since February 2022. He was appointed as part of a long-term succession plan. Before taking on this CEO role, he had a rich history with the company,...

Current Market Cap

$30.56B

Number of Employees

7K

Total Compensation

2022 - 2023

Trending up by 8.71% last year
Showing total compensation for the last 2022 - 2023

Stock

Up by 0.00% last year

Salary

Up by 5.57% last year

Bonus

Up by 0.00% last year

Other

Up by 16.15% last year

Year

2023

Total Compensation

$1.59M

Salary

$1.09M

Board Justification

The compensation program is designed to attract and retain key individuals, aligning with company performance and market benchmarks.

Bonus

$0.00

Board Justification

No bonus was reported for 2023.

Other

$504.54K

Board Justification

Includes various perquisites and benefits such as financial planning services, 401(k) matching, and retention credits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation.

Performance Metrics

The performance metrics for 2023 included earnings per share and cash flow, with maximum payouts achieved.

SEC Filing

From March 28, 2024