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Companies Allete Inc

Allete (ALE): executive pay, fiscal 2024

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CEO total pay$3,720,063CEO Bethany Owen · source
Say-on-pay support95.18%Latest vote · source
CEO vs. named peers13th pct.Of 40 peer CEOs

CEO pay, last three years

  • $2,338,422FY2022
  • $3,574,742FY2023
  • $3,720,063FY2024

CEO total pay was $3,720,063 in fiscal 2024, up from $3,574,742 in fiscal 2023.

FY2024: salary $871,175 · bonus $0 · stock awards $1,378,138 · option awards $0

Executives and directors

Jeffrey Scissons · CFOJoshua Skelton · COOBethany Owen · CEONicole Johnson · PresidentSteven Morris · SVPBarbara A. Nick · Independent DirectorCharlene A. Thomas · Independent DirectorCharles R. Matthews · Independent DirectorDouglas C. Neve · Independent DirectorGeorge G. Goldfarb · Independent DirectorJames J. Hoolihan · Independent DirectorMadeleine W. Ludlow · Independent DirectorRobert P. Powers · Independent DirectorSusan K. Nestegard · Lead Independent Director

Frequently asked questions

Who was the highest-paid executive at Allete Inc in fiscal 2024?
As disclosed, Bethany Owen (Chair, President and CEO) was the highest-paid executive at Allete Inc in fiscal 2024, with total compensation of $3,720,063.
How does Allete Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Bethany Owen's total compensation ranked at the 13th percentile of Allete Inc's disclosed peer group.
How did shareholders vote on Allete Inc's executive compensation?
As disclosed, 95.18% of shareholders supported Allete Inc's executive compensation in the latest say-on-pay vote.
How much does Allete Inc spend in total on board compensation for fiscal 2024?
As disclosed, Allete Inc reported total board compensation of $1,964,500 for fiscal 2024.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bethany Owen$871,175$0$1,378,138$0$1,329,692$2,322$138,736$3,720,063
Chair, President and CEO
Steven Morris470,5170550,1710474,683080,3141,575,685
Senior Vice President; former CFO
Nicole Johnson423,7950393,8020216,110064,3391,098,046
Vice President; President–ALLETE Clean Energy
Joshua Skelton374,0940221,5210260,547055,715911,877
Vice President; Chief Operating Officer - MP
Jeffrey Scissons271,04863,040172,9690158,722054,407720,186
Vice President; CFO and Corporate Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Bethany Owen$3,720,063$3,574,742$2,338,422↑ +145,321
Steven Morris1,575,6851,415,573927,191↑ +160,112
Nicole Johnson1,098,0461,136,875806,328↓ −38,829
Joshua Skelton911,877927,536—↓ −15,659
Jeffrey Scissons720,186———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

ALLETE's compensation philosophy is designed to align NEO interests with shareholders and stakeholders by linking compensation to performance, balancing compensation elements, and considering market data relative to industry peers. The program emphasizes that a substantial portion of compensation is variable and at-risk, with the heaviest weight placed on variable components to drive long-term value creation.

CEO STI target (% of salary)98%
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jeffrey ScissonsPSU2024-01-25343685—1,370$40,716
Jeffrey ScissonsRSU2024-09-19——196—12,519
Nicole JohnsonRSU2024-01-25——1,635—97,184
Bethany OwenPSU2024-01-253,6347,268—14,536527,729
Nicole JohnsonPSU2024-01-251,2272,453—4,906145,806
Steven MorrisPSU2024-01-251,6863,372—6,744200,432
Bethany OwenRSU2024-01-25——5,723—340,175
Nicole JohnsonPSU2024-01-251,0392,077—4,154150,811
Joshua SkeltonPSU2024-01-256901,380—2,76082,027
Steven MorrisPSU2024-01-251,4282,855—5,710207,302
Jeffrey ScissonsPSU2024-09-19130260—52018,780
Jeffrey ScissonsPSU2024-09-19147294—58818,778
Jeffrey ScissonsPSU2024-01-25290580—1,16042,114
Joshua SkeltonPSU2024-01-255841,168—2,33684,808
Joshua SkeltonRSU2024-01-25——920—54,685
Jeffrey ScissonsRSU2024-01-25——674—40,063
Steven MorrisRSU2024-01-25——2,247—142,437
Bethany OwenPSU2024-01-254,2928,584—17,168510,233

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeffrey Scissons$52,582$120,388$069.6%
Nicole Johnson97,184296,617075.3%
Bethany Owen340,1751,037,962075.3%
Steven Morris142,437407,734074.1%
Joshua Skelton54,685166,835075.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jeffrey ScissonsPSU2,316—$150,077
Jeffrey ScissonsRSU2,389—154,807
Joshua SkeltonRSU3,453—223,754
Nicole JohnsonRSU5,061—327,953
Joshua SkeltonPSU5,267—341,302
Steven MorrisRSU6,217—402,862
Nicole JohnsonPSU7,352—476,410
Steven MorrisPSU9,277—601,150
Bethany OwenRSU18,843—1,221,026
Bethany OwenPSU28,107—1,821,334
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Susan K. NestegardIndependent · Lead Independent Director · Audit (ex officio) · Executive Compensation and Human Capital (ex officio) · Corporate Governance and Nominating (ex officio)$140,000$110,000———$250,000
Madeleine W. LudlowIndependent · Corporate Governance and Nominating (Chair) · Executive Compensation and Human Capital110,000110,000———220,000
George G. GoldfarbIndependent · Audit (Chair)107,000110,000———217,000
Douglas C. NeveIndependent · Audit · Corporate Governance and Nominating105,000110,000———215,000
Charlene A. ThomasIndependent · Audit · Executive Compensation and Human Capital105,000110,000———215,000
Charles R. MatthewsIndependent · Audit · Corporate Governance and Nominating105,000110,000———215,000
Barbara A. NickIndependent · Audit · Executive Compensation and Human Capital105,000110,000———215,000
Robert P. PowersIndependent · Executive Compensation and Human Capital (Chair)102,500110,000———212,500
James J. HoolihanIndependent · Corporate Governance and Nominating95,000110,000———205,000
Bethany M. OwenEmployee director · Board Chair · Audit (Chair)—————0

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$110,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)12,000 / 7,500 / 5,000
Stock ownership guideline—

Total cost of the board

ComponentFY2024
Cash retainers and fees$974,500
Equity awards (grant-date value)$990,000
All other compensation$0
Total cost of the board$1,964,500

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Allete as a peer

Companies that benchmark against ALE

16 companies name ALE as a compensation peer

The list of companies that name ALE as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2024

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

MGEE MGE Energy, Inc.AVA Avista CorporationCNP CenterPoint Energy, Inc.ES Eversource EnergyUTL Unitil CorporationMGEE MGE Energy, Inc.ETR Entergy CorporationCMS CMS Energy CorporationEXC Exelon CorporationNI NiSource, Inc.NWE NorthWestern CorporationNWE NorthWestern CorporationHE Hawaiian Electric Industries, Inc.LNT Alliant Energy CorporationIDA IDACORP, Inc.MDU MDU Resources Group, Inc.NI NiSource, Inc.OGE OGE Energy Corp.OTTR Otter Tail CorporationTXNM PNM Resources, Inc.PNW Pinnacle West Capital CorporationGE Portland General Electric CompanyUTL Unitil CorporationBKH Black Hills CorporationSO The Southern CompanyPPL PPL CorporationEVRG Evergy, Inc.OTTR Otter Tail CorporationSRE Sempra EnergyBKH Black Hills CorporationED Consolidated Edison, Inc.AEE Ameren CorporationPEG Public Service Enterprise Group, Inc.FE FirstEnergy Corp.MDU MDU Resources Group, Inc.DTE DTE Energy CompanyEIX Edison InternationalXIFR NextEra Energy, Inc.LNT Alliant Energy CorporationDUK Duke Energy Corporation

Peer reciprocity

The companies Allete Inc names as compensation peers that name it back in their own disclosed peer groups.

MGE Energy, Inc. (MGEE)114Unitil Corporation (UTL)115NorthWestern Corporation (NWE)116Hawaiian Electric Industries, Inc. (HE)117IDACORP, Inc. (IDA)118MDU Resources Group, Inc. (MDU)119OGE Energy Corp. (OGE)120Otter Tail Corporation (OTTR)121PNM Resources, Inc. (TXNM)122Black Hills Corporation (BKH)123

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Portland General Electric Company2025H. Lawrence Culp Jr.$2,000,000$27,564,925$4,575,005$7,520,000$45,616,160
2The Southern Company2025Christopher Womack1,560,57713,830,05403,665,02528,223,562
3Sempra Energy2025Jeffrey Martin1,700,0009,873,9164,580,017022,245,589
4Consolidated Edison, Inc.2025Timothy Cawley1,445,8339,773,90002,809,00019,899,971
5Entergy Corporation2025Andrew Marsh1,286,3466,951,8931,647,4842,614,95016,752,589
6Edison International2025Pedro Pizarro1,417,0417,242,0932,414,0061,606,92616,544,559
7Exelon Corporation2025Calvin Butler1,379,00010,900,02402,665,71915,601,905
8Eversource Energy2025Joseph R. Nolan, Jr.1,432,3089,020,89003,000,00014,987,168
9Ameren Corporation2025Martin Lyons1,325,0008,205,55003,330,00014,056,510
10Public Service Enterprise Group, Inc.2025Ralph LaRossa1,386,0009,000,15302,563,40013,866,735
11FirstEnergy Corp.2025Brian Tierney1,505,7699,406,19602,394,00013,452,559
12PPL Corporation2025Vincent Sorgi1,238,0607,865,24901,869,24813,221,331
13NiSource, Inc.2025Lloyd Yates1,191,6679,619,86402,261,78413,197,800
14CenterPoint Energy, Inc.2025Jason Wells1,226,9237,625,02302,583,75012,092,341
15OGE Energy Corp.2025Sean Trauschke1,239,3725,811,82401,753,48712,032,007
16CMS Energy Corporation2025Garrick Rochow1,275,0006,763,23902,055,93810,534,039
17Evergy, Inc.2025David Campbell1,123,1427,004,44601,342,9699,537,018
18Alliant Energy Corporation2025Lisa Barton1,136,9375,471,25501,835,5638,999,073
19Pinnacle West Capital Corporation2025Theodore Geisler938,3565,257,10801,853,0408,414,652
20Idacorp, Inc.2025Lisa Grow1,050,0002,942,30801,785,0017,529,892
21Otter Tail Corporation2025Charles MacFarlane867,5783,149,27601,471,1946,792,688
22DTE Energy Company2025Joi Harris852,3083,098,52001,544,4376,732,386
23Black Hills Corporation2025Linden Evans995,5942,966,68801,294,8865,991,759
24NorthWestern Corporation2025Brian Bird921,2632,700,0220743,4005,016,745
25MDU Resources Group, Inc.2025Nicole Kivisto925,0002,600,31301,169,2004,812,252
26Avista Corporation2025Heather Rosentrater786,8452,653,7430897,7324,773,308
27Hawaiian Electric Industries, Inc.2025Scott W. Seu1,024,9001,721,450004,430,919
28PNM Resources, Inc.2025Joseph Tarry839,4622,275,0110495,0583,903,948
29Allete Inc2024Bethany Owen871,1751,378,13801,329,6923,720,063
30MGE Energy, Inc.2025Jeffrey Keebler795,8331,402,8810865,9203,613,508
31Unitil Corporation2025Thomas Meissner Jr.744,066751,8420662,5913,189,116

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Allete Inc153.2%PSU 75 · RSU 25Yes — Relative TSRPearl Meyer
Alliant Energy Corporation130%PSU 75 · RSU 25NoPay Governance LLC
Ameren Corporation193.3%PSU 70 · RSU 30NoMeridian Compensation Partners
Avista Corporation114%not disclosedNoMeridian Compensation Partners
Black Hills Corporation118.4%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian
CenterPoint Energy, Inc.159%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners, LLC
CMS Energy Corporation129%PSU 75 · RSU 25Yes — Relative TSR PerformancePay Governance LLC
Consolidated Edison, Inc.143.5%PSU 70 · RSU 30NoMercer
DTE Energy Company169.87%PSU 70 · RSU 30NoMeridian Compensation Partners LLC
Edison Internationalnot disclosedPSU 50 · Option 25 · RSU 25Yes — TSRPay Governance
Entergy Corporation149%PSU 60 · Options 20 · RSU 20Yes — Relative TSRPay Governance, LLC
Evergy, Inc.95.5%PRSU 70 · RSU 30Yes — Three Year Relative TSR versus Companies in the EEI IndexMeridian
Eversource Energy145%PSU 75 · RSU 25NoPay Governance
Exelon Corporation133.62%PSU 67 · RSU 33Yes — 3-year TSRWillis Towers Watson (WTW)
FirstEnergy Corp.106%PSU 60 · RSU 40Yes — Relative TSRFarient Advisors LLC
Hawaiian Electric Industries, Inc.not disclosedPSU 50 · Cash LTI 50NoFrederic W. Cook & Co., Inc. (FW Cook)
Idacorp, Inc.170%PSU 67 · RSU 33Yes — TSRPay Governance
MDU Resources Group, Inc.126.4%PSU 70 · RSU 30Yes — Three-Year rTSRIndependent compensation consultant (nationally-recognized firm; name not disclosed in CD&A)
MGE Energy, Inc.135.3%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)FW Cook
NiSource, Inc.146%PSU 80 · RSU 20Yes — Three-Year RTSRMeridian Compensation Partners
NorthWestern Corporation80%PSU 70 · RSU 30Yes — TSR relative to peer groupWillis Towers Watson (WTW)
OGE Energy Corp.118%PSU 65 · RSU 35NoMercer
Otter Tail Corporationnot disclosednot disclosedYes — Three-Year TSR performance relative to peer groupWTW
Pinnacle West Capital Corporation197.5%PSU 70 · RSU 30Yes — Relative TSRFW Cook
PNM Resources, Inc.50%PSU 70 · RSU 30Yes — Relative TSR GoalPay Governance
Portland General Electric Companynot disclosedPSU 50 · Options 30 · RSU 20NoNot explicitly named in provided text
PPL Corporation116.14%PSU 80 · RSU 20Yes — Total Shareowner Return (TSR)FW Cook
Public Service Enterprise Group, Inc.not disclosedPSU 70 · RSU 30Yes — Relative TSR versus peer panelCompensation Advisory Partners LLC
Sempra Energy173%PRSU 66.67 · Option 33.33NoExequity
The Southern Company179%not disclosedYes — Relative TSRPay Governance
Unitil Corporation137%PSU 50 · RSU 50NoWillis Towers

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-1335,919,4841,455,491365,15195.18%Passed
20242024-05-1443,014,2492,142,764320,18994.58%Passed
20232023-05-0942,436,6121,366,4521,860,97392.93%Passed
20222022-05-1038,270,8291,224,7471,698,13592.9%Passed
20212021-05-1137,738,8671,875,191273,75094.61%Passed
20202020-05-1237,951,5241,245,596542,39595.5%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20252025-05-1395.18%a
20242024-05-1494.58%b
20232023-05-0992.93%c

a. Approved under the standard stated in the filing — “If you abstain from this advisory vote, your abstention will have the same effect as a vote against this proposal.”.

b. Approved under the standard stated in the filing — “If you do not instruct your broker to vote your shares as to Item 2, your shares will be considered an abstention and your abstention will have the same effect as a vote against the proposal.”.

c. Approved under the standard stated in the filing — “If you abstain from this advisory vote, your abstention will have the same effect as a vote against this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Charlene A. ThomasDirector2025-06-02A1,690.75$0$0CommonForm 4 ↗
Madeleine W. LudlowDirector2025-06-02A1,690.7500CommonForm 4 ↗
Susan K. NestegardDirector2025-06-02A1,690.7500CommonForm 4 ↗
Douglas C. NeveDirector2025-06-02A1,690.7500CommonForm 4 ↗
Robert P. PowersDirector2025-06-02A1,690.7500CommonForm 4 ↗
Barbara A. NickDirector2025-06-02A1,690.7500CommonForm 4 ↗
George G. GoldfarbDirector2025-06-02A1,690.7500CommonForm 4 ↗
Charles R. MatthewsDirector2025-06-02A1,690.7500CommonForm 4 ↗
James J. HoolihanDirector2025-06-02A1,690.7500CommonForm 4 ↗
Colin B. AndersonVP-ALLETE Chf Acct Offr & Cont2025-12-15D351.566723,555CommonForm 4 ↗
Colin B. AndersonVP-ALLETE Chf Acct Offr & Cont2025-12-15D518.586734,745CommonForm 4 ↗
Nicole JohnsonVP; Pres.- ACE2025-12-15D67.57674,527CommonForm 4 ↗
Julie L. PadillaVP, Ch Legal Offcr & Secretary2025-12-15D210.26714,083CommonForm 4 ↗
Julie L. PadillaVP, Ch Legal Offcr & Secretary2025-12-15D2,096.47——CommonForm 4 ↗
Jeffrey ScissonsVP CFO & Corp Treasurer2025-12-15D1,677.6267112,401CommonForm 4 ↗
Jeffrey ScissonsVP CFO & Corp Treasurer2025-12-15D2,564.07——CommonForm 4 ↗
Colin B. AndersonVP-ALLETE Chf Acct Offr & Cont2025-12-15D1,678.6——CommonForm 4 ↗
Joshua SkeltonVP; COO-Minnesota Power2025-12-15D4,344.1867291,060CommonForm 4 ↗
Joshua SkeltonVP; COO-Minnesota Power2025-12-15D5,403.3867362,026CommonForm 4 ↗
Joshua SkeltonVP; COO-Minnesota Power2025-12-15D775.426751,953CommonForm 4 ↗
Jeffrey ScissonsVP CFO & Corp Treasurer2025-12-15D1,602.2467107,350CommonForm 4 ↗
Joshua SkeltonVP; COO-Minnesota Power2025-12-15D3,270.59——CommonForm 4 ↗
Joshua SkeltonVP; COO-Minnesota Power2025-12-15D5,461.967365,947CommonForm 4 ↗
George G. GoldfarbDirector2025-12-15D25,442.35671,704,637CommonForm 4 ↗
Madeleine W. LudlowDirector2025-12-15D5,200.3967348,426CommonForm 4 ↗
Charles R. MatthewsDirector2025-12-15D2506716,750CommonForm 4 ↗
Douglas C. NeveDirector2025-12-15D11,592.4567776,694CommonForm 4 ↗
Barbara A. NickDirector2025-12-15D13,631.2667913,294CommonForm 4 ↗
Bethany M. OwenDirector2025-12-15D17,570.3——CommonForm 4 ↗
Bethany M. OwenDirector2025-12-15D25,566.22671,712,937CommonForm 4 ↗
Nicole JohnsonVP; Pres.- ACE2025-12-15D5,697.6667381,743CommonForm 4 ↗
Nicole JohnsonVP; Pres.- ACE2025-12-15D4,463.95——CommonForm 4 ↗
Nicole JohnsonVP; Pres.- ACE2025-12-15D7,426.3567497,565CommonForm 4 ↗
Charlene A. ThomasDirector2025-12-15D8,310.6367556,812CommonForm 4 ↗
George G. GoldfarbDirector2025-12-15D1,0006767,000CommonForm 4 ↗
Bethany M. OwenDirector2025-12-15D8,927.9567598,173CommonForm 4 ↗
Charles R. MatthewsDirector2025-12-15D2506716,750CommonForm 4 ↗
Charles R. MatthewsDirector2025-12-15D7,247.2667485,566CommonForm 4 ↗
Susan K. NestegardDirector2025-12-15D14,883.7567997,211CommonForm 4 ↗
Madeleine W. LudlowDirector2025-12-15D20,782.75671,392,444CommonForm 4 ↗
Douglas C. NeveDirector2025-12-15D19,597.34671,313,022CommonForm 4 ↗
James J. HoolihanDirector2025-12-15D30,394.3672,036,418CommonForm 4 ↗
Robert P. PowersDirector2025-12-15D15,381.38671,030,552CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (123 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Bethany Owen. DEF 14A, filed 2025-03-31. Section “EXECUTIVE COMPENSATION TABLES” · page 58. As printed: 3,720,063. View filing ↗
  • Section 01, Steven Morris. DEF 14A, filed 2025-03-31. Section “EXECUTIVE COMPENSATION TABLES” · page 58. As printed: 1,575,685. View filing ↗
  • Section 01, Nicole Johnson. DEF 14A, filed 2025-03-31. Section “EXECUTIVE COMPENSATION TABLES” · page 58. As printed: 1,098,046. View filing ↗
  • Section 01, Joshua Skelton. DEF 14A, filed 2025-03-31. Section “EXECUTIVE COMPENSATION TABLES” · page 58. As printed: 911,877. View filing ↗
  • Section 01, Jeffrey Scissons. DEF 14A, filed 2025-03-31. Section “EXECUTIVE COMPENSATION TABLES” · page 58. As printed: 720,186. View filing ↗
  • Section 03, Jeffrey Scissons PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Scissons RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Nicole Johnson RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Bethany Owen PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Nicole Johnson PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Morris PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Bethany Owen RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Nicole Johnson PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joshua Skelton PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Morris PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Scissons PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Scissons PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Scissons PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joshua Skelton PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Joshua Skelton RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Jeffrey Scissons RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Morris RSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Bethany Owen PSU. DEF 14A, filed 2025-03-31. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 08, Susan K. Nestegard. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 250,000. View filing ↗
  • Section 08, Madeleine W. Ludlow. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 220,000. View filing ↗
  • Section 08, George G. Goldfarb. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 217,000. View filing ↗
  • Section 08, Douglas C. Neve. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 215,000. View filing ↗
  • Section 08, Charlene A. Thomas. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 215,000. View filing ↗
  • Section 08, Charles R. Matthews. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 215,000. View filing ↗
  • Section 08, Barbara A. Nick. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 215,000. View filing ↗
  • Section 08, Robert P. Powers. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 212,500. View filing ↗
  • Section 08, James J. Hoolihan. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 205,000. View filing ↗
  • Section 08, Bethany M. Owen. DEF 14A, filed 2025-03-31. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Charlene A. Thomas 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Madeleine W. Ludlow 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Susan K. Nestegard 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Douglas C. Neve 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert P. Powers 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Barbara A. Nick 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, George G. Goldfarb 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Charles R. Matthews 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, James J. Hoolihan 2025-06-02. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Colin B. Anderson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Colin B. Anderson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Nicole Johnson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Julie L. Padilla 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Julie L. Padilla 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Scissons 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Scissons 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Colin B. Anderson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joshua Skelton 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joshua Skelton 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joshua Skelton 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Scissons 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joshua Skelton 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Joshua Skelton 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, George G. Goldfarb 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Madeleine W. Ludlow 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Charles R. Matthews 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Douglas C. Neve 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Barbara A. Nick 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bethany M. Owen 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bethany M. Owen 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Nicole Johnson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Nicole Johnson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Nicole Johnson 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Charlene A. Thomas 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, George G. Goldfarb 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bethany M. Owen 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Charles R. Matthews 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Charles R. Matthews 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Susan K. Nestegard 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Madeleine W. Ludlow 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Douglas C. Neve 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, James J. Hoolihan 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert P. Powers 2025-12-15. Form 4, filed 2025-12-16. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-15. Item 5.07 · say-on-pay result. As reported: 95.18% (votes for as printed: 35,919,484). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-20. Item 5.07 · say-on-pay result. As reported: 94.58% (votes for as printed: 43,014,249). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-12. Item 5.07 · say-on-pay result. As reported: 92.93% (votes for as printed: 42,436,612). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 974,500 + equity 990,000 + all other 0 = 1,964,500, summed across the director compensation table rows.
  • Portland General Electric Company, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Portland General Electric Company's own proxy. As printed: 45,616,160. View filing ↗
  • The Southern Company, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in The Southern Company's own proxy. As printed: 28,223,562. View filing ↗
  • Sempra Energy, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Sempra Energy's own proxy. As printed: 22,245,589. View filing ↗
  • Consolidated Edison, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Consolidated Edison, Inc.'s own proxy. As printed: 19,899,971. View filing ↗
  • Entergy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Entergy Corporation's own proxy. As printed: 16,752,589. View filing ↗
  • Edison International, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Edison International's own proxy. As printed: 16,544,559. View filing ↗
  • Exelon Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Exelon Corporation's own proxy. As printed: 15,601,905. View filing ↗
  • Eversource Energy, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Eversource Energy's own proxy. As printed: 14,987,168. View filing ↗
  • Ameren Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Ameren Corporation's own proxy. As printed: 14,056,510. View filing ↗
  • Public Service Enterprise Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Public Service Enterprise Group, Inc.'s own proxy. As printed: 13,866,735. View filing ↗
  • FirstEnergy Corp., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in FirstEnergy Corp.'s own proxy. As printed: 13,452,559. View filing ↗
  • PPL Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in PPL Corporation's own proxy. As printed: 13,221,331. View filing ↗
  • NiSource, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in NiSource, Inc.'s own proxy. As printed: 13,197,800. View filing ↗
  • CenterPoint Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in CenterPoint Energy, Inc.'s own proxy. As printed: 12,092,341. View filing ↗
  • OGE Energy Corp., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in OGE Energy Corp.'s own proxy. As printed: 12,032,007. View filing ↗
  • CMS Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in CMS Energy Corporation's own proxy. As printed: 10,534,039. View filing ↗
  • Evergy, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Evergy, Inc.'s own proxy. As printed: 9,537,018. View filing ↗
  • Alliant Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Alliant Energy Corporation's own proxy. As printed: 8,999,073. View filing ↗
  • Pinnacle West Capital Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Pinnacle West Capital Corporation's own proxy. As printed: 8,414,652. View filing ↗
  • Idacorp, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Idacorp, Inc.'s own proxy. As printed: 7,529,892. View filing ↗
  • Otter Tail Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-02. CEO total compensation as printed in Otter Tail Corporation's own proxy. As printed: 6,792,688. View filing ↗
  • DTE Energy Company, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in DTE Energy Company's own proxy. As printed: 6,732,386. View filing ↗
  • Black Hills Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Black Hills Corporation's own proxy. As printed: 5,991,759. View filing ↗
  • NorthWestern Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in NorthWestern Corporation's own proxy. As printed: 5,016,745. View filing ↗
  • MDU Resources Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in MDU Resources Group, Inc.'s own proxy. As printed: 4,812,252. View filing ↗
  • Avista Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Avista Corporation's own proxy. As printed: 4,773,308. View filing ↗
  • Hawaiian Electric Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Hawaiian Electric Industries, Inc.'s own proxy. As printed: 4,430,919. View filing ↗
  • PNM Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in PNM Resources, Inc.'s own proxy. As printed: 3,903,948. View filing ↗
  • Allete Inc (subject), Section 10b CEO total. DEF 14A, filed 2025-03-31. CEO total compensation as printed in Allete Inc's own proxy. As printed: 3,720,063. View filing ↗
  • MGE Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in MGE Energy, Inc.'s own proxy. As printed: 3,613,508. View filing ↗
  • Unitil Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Unitil Corporation's own proxy. As printed: 3,189,116. View filing ↗
  • Section 10a, MGE Energy, Inc. reciprocity. DEF 14A. MGE Energy, Inc. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Unitil Corporation reciprocity. DEF 14A. Unitil Corporation names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, NorthWestern Corporation reciprocity. DEF 14A. NorthWestern Corporation names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Hawaiian Electric Industries, Inc. reciprocity. DEF 14A. Hawaiian Electric Industries, Inc. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, IDACORP, Inc. reciprocity. DEF 14A. IDACORP, Inc. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, MDU Resources Group, Inc. reciprocity. DEF 14A. MDU Resources Group, Inc. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, OGE Energy Corp. reciprocity. DEF 14A. OGE Energy Corp. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Otter Tail Corporation reciprocity. DEF 14A. Otter Tail Corporation names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, PNM Resources, Inc. reciprocity. DEF 14A. PNM Resources, Inc. names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Black Hills Corporation reciprocity. DEF 14A. Black Hills Corporation names Allete Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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