Gale E. Klappa
2008
In 2008, Gale E. Klappa earned a total compensation of $9.4M as Chairman of the Board, President and Chief Executive Officer of WEC, WE and WG at WEC Energy Group, a 21% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,328,616 |
|---|---|
| Non-Equity Incentive Plan | $2,328,579 |
| Option Awards | $2,946,000 |
| Salary | $1,129,008 |
| Stock Awards | $1,441,050 |
| Other | $261,040 |
| Total | $9,434,293 |
Klappa received $2.9M in option awards, accounting for 31% of the total pay in 2008.
Klappa also received $1.3M of change in pension value and nonqualified deferred compensation earnings, $2.3M in non-equity incentive plan, $1.1M in salary, $1.4M in stock awards and $261K in other compensation.
Rankings
In 2008, Gale E. Klappa's compensation ranked 303rd out of 9,135 executives tracked by ExecPay. In other words, Klappa earned more than 96.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 303 out of 9,135 | 97th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 54 out of 846 | 94th |
Major group Electric, Gas, And Sanitary Services | 17 out of 381 | 96th |
Industry group Combination Electric And Gas, And Other Utility | 3 out of 103 | 97th |
Industry Electric and Other Services Combined | 3 out of 89 | 97th |
Source: SEC filing on March 28, 2011.
Klappa's colleagues
We found four more compensation records of executives who worked with Gale E. Klappa at WEC Energy Group in 2008.