ALLETE CEO Bethany Owen's 2021 pay jumps 30% to $2.6M
ALLETE reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
ALLETE reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, five ALLETE executives received on average a compensation package of $1.3M, a 17% decrease compared to previous year.
Average pay of disclosed executives at ALLETE
Bethany M. Owen, Chief Executive Officer, received $2.6M in total, which increased by 30% compared to 2020. 29% of Owen's compensation, or $758K, was in stock awards. Owen also received $385K of change in pension value and nonqualified deferred compensation earnings, $637K in non-equity incentive plan, $644K in salary, as well as $154K in other compensation.
For fiscal year 2021, the median employee pay was $114,667 at ALLETE. Therefore, the ratio of Bethany M. Owen's pay to the median employee pay was 22 to one.
Robert J. Adams, Chief Financial Officer, received a compensation package of $1.5M, which decreased by 16% compared to previous year. 29% of the compensation package, or $424K, was in salary.
Nicole R. Johnson, Chief Administrative Officer, earned $755K in 2021, a 3% increase compared to previous year.
Margaret A. Thickens, Chief Legal Officer, received $741K in 2021, which increases by 17% compared to 2020.
Steven W. Morris, Chief Financial Officer, earned $739K in 2021, a 8% increase compared to previous year.
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Source: SEC filing on March 23, 2022.