Gale E. Klappa
2007
In 2007, Gale E. Klappa earned a total compensation of $11.9M as Chairman of the Board, President and Chief Executive Officer of WEC, WE and WG at WEC Energy Group, a 51% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,700,118 |
|---|---|
| Non-Equity Incentive Plan | $2,177,596 |
| Option Awards | $2,471,520 |
| Salary | $1,075,356 |
| Stock Awards | $1,289,385 |
| Other | $223,749 |
| Total | $11,937,724 |
Klappa received $4.7M of change in pension value and nonqualified deferred compensation earnings, accounting for 39% of the total pay in 2007.
Klappa also received $2.2M in non-equity incentive plan, $2.5M in option awards, $1.1M in salary, $1.3M in stock awards and $223.7K in other compensation.
Rankings
In 2007, Gale E. Klappa's compensation ranked 206th out of 8,700 executives tracked by ExecPay. In other words, Klappa earned more than 97.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 206 out of 8,700 | 98th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 30 out of 745 | 96th |
Major group Electric, Gas, And Sanitary Services | 6 out of 330 | 98th |
Industry group Combination Electric And Gas, And Other Utility | 1 out of 91 | 99th |
Industry Electric and Other Services Combined | 1 out of 75 | 99th |
Source: SEC filing on March 26, 2010.
Klappa's colleagues
We found five more compensation records of executives who worked with Gale E. Klappa at WEC Energy Group in 2007.
2007
Frederick Kuester
WEC Energy Group
Chief Operating Officer
2007
Allen Leverett
WEC Energy Group
Chief Financial Officer
2007
Larry Salustro
WEC Energy Group
Executive Vice President of WEC, WE and WG
2007
James Fleming
WEC Energy Group
General Counsel
2007
Kristine Rapp
WEC Energy Group