MGE Energy CEO Jeffrey Keebler's 2018 pay slips 4% to $1.5M
MGE Energy reports 2018 executive compensation
By ExecPay News
Published: March 25, 2019
MGE Energy reported fiscal year 2018 executive compensation information on March 25, 2019.
In 2018, five MGE Energy executives received on average a compensation package of $901K, a 33% decrease compared to previous year.
Average pay of disclosed executives at MGE Energy
Jeffrey M. Keebler, Chief Executive Officer, received $1.5M in total, which decreased by 4% compared to 2017. 35% of Keebler's compensation, or $521K, was in salary. Keebler also received $411K in bonus, $276K of change in pension value and nonqualified deferred compensation earnings, $285K in stock awards, as well as $8.6K in other compensation.
For fiscal year 2018, the median employee pay was $110,811 at MGE Energy. Therefore, the ratio of Jeffrey M. Keebler's pay to the median employee pay was 14 to one.
Jeffrey C. Newman, Chief Financial Officer, received a compensation package of $896K, which decreased by 30% compared to previous year. 43% of the compensation package, or $383K, was in salary.
Lynn K. Hobbie, Executive Vice President Marketing and Communications, earned $776K in 2018, a 35% decrease compared to previous year.
Craig A. Fenrick, Executive Vice President Energy Operations, received $775K in 2018, which decreases by 32% compared to 2017.
Cari Anne Renlund, General Counsel, earned $556K in 2018, a 3% increase compared to previous year.
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Source: SEC filing on March 25, 2019.