MGE Energy CEO Jeffrey Keebler's 2019 pay jumps 59% to $2.4M
MGE Energy reports 2019 executive compensation
By ExecPay News
Published: March 30, 2020
MGE Energy reported fiscal year 2019 executive compensation information on March 30, 2020.
In 2019, five MGE Energy executives received on average a compensation package of $1.4M, a 56% increase compared to previous year.
Average pay of disclosed executives at MGE Energy
Jeffrey M. Keebler, Chief Executive Officer, received $2.4M in total, which increased by 59% compared to 2018. 43% of Keebler's compensation, or $1M, was of change in pension value and nonqualified deferred compensation earnings. Keebler also received $412K in bonus, $592K in salary, $345K in stock awards, as well as $8.7K in other compensation.
For fiscal year 2019, the median employee pay was $115,463 at MGE Energy. Therefore, the ratio of Jeffrey M. Keebler's pay to the median employee pay was 21 to one.
Jeffrey C. Newman, Chief Financial Officer, received a compensation package of $1.7M, which increased by 93% compared to previous year. 55% of the compensation package, or $953K, was of change in pension value and nonqualified deferred compensation earnings.
Lynn K. Hobbie, Executive Vice President Marketing and Communications, earned $1.5M in 2019, a 95% increase compared to previous year.
Donald D. Peterson, Vice President - Energy Technology, received $841K in 2019.
Cari Anne Renlund, General Counsel, earned $575K in 2019, a 4% increase compared to previous year.
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Source: SEC filing on March 30, 2020.