ALLETE CEO Alan Hodnik's 2018 pay rises 1% to $3.5M
ALLETE reports 2018 executive compensation
By ExecPay News
Published: March 27, 2019
ALLETE reported fiscal year 2018 executive compensation information on March 27, 2019.
In 2018, six ALLETE executives received on average a compensation package of $1.5M, a 12% increase compared to previous year.
Average pay of disclosed executives at ALLETE
Alan R. Hodnik, Chief Executive Officer, received $3.5M in total, which increased by 1% compared to 2017. 37% of Hodnik's compensation, or $1.3M, was in stock awards. Hodnik also received $710K of change in pension value and nonqualified deferred compensation earnings, $727K in non-equity incentive plan, $633K in salary, as well as $132K in other compensation.
For fiscal year 2018, the median employee pay was $97,018 at ALLETE. Therefore, the ratio of Alan R. Hodnik's pay to the median employee pay was 36 to one.
Deborah A. Amberg, Former Senior Vice President and Chief Strategy Officer Regulated Operations, received a compensation package of $1.5M, which increased by 68% compared to previous year. 40% of the compensation package, or $616K, was in other compensation.
Robert J. Adams, Chief Financial Officer, earned $1.2M in 2018, a 17% increase compared to previous year.
Bradley W. Oachs, Senior Vice President and President Regulated Operations, received $1.2M in 2018, which increases by 14% compared to 2017.
Bethany M. Owen, President, earned $852K in 2018, a 21% increase compared to previous year.
Patrick K. Mullen, Senior Vice President External Affairs, received $648K in 2018.
Related executives
Alan Hodnik
ALLETE
Chairman
Robert Adams
ALLETE
Chief Financial Officer
Bradley Oachs
ALLETE
Retired Senior Vice President and President Regulated Operations
Bethany Owen
ALLETE
Chief Executive Officer
Patrick Mullen
ALLETE
Senior Vice President External Affairs
Deborah Amberg
ALLETE
Former Senior Vice President and Chief Strategy Officer Regulated Operations
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Source: SEC filing on March 27, 2019.