Companies MGE Energy Inc
MGE Energy (MGEE): executive pay, fiscal 2025
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CEO vs. named peers18th pct.Of 11 peer CEOs
CEO pay, last three years
- $2,566,797FY2023
- $2,126,131FY2024
- $3,613,508FY2025
CEO total pay was $3,613,508 in fiscal 2025, up from $2,126,131 in fiscal 2024.
FY2025: salary $795,833 · bonus $0 · stock awards $1,402,881 · option awards $0
Executives and directors
James Lorenz · ExecutiveJared Bushek · CFOJeffrey Keebler · CEOCari Anne Renlund · General CounselLynn Hobbie · EVPAngela S. Rieger · Independent DirectorDaniel J. Kelly · Independent DirectorGary J. Wolter · DirectorJames G. Berbee · Independent DirectorJames L. Possin · Lead Independent DirectorLonda J. Dewey · Independent DirectorMarcia M. Anderson · Independent DirectorNoble L. Wray · Independent DirectorPatricia K. Ackerman · Independent Director
Frequently asked questions
Who was the highest-paid executive at MGE Energy Inc in fiscal 2025?
As disclosed, Jeffrey Keebler (Chairman of the Board, President, and Chief Executive Officer) was the highest-paid executive at MGE Energy Inc in fiscal 2025, with total compensation of $3,613,508.
How does MGE Energy Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Jeffrey Keebler's total compensation ranked at the 18th percentile of MGE Energy Inc's disclosed peer group.
What is MGE Energy Inc's CEO-to-median employee pay ratio?
As disclosed, MGE Energy Inc's CEO-to-median employee pay ratio was 25.5:1.
How did shareholders vote on MGE Energy Inc's executive compensation?
As disclosed, 94.52% of shareholders supported MGE Energy Inc's executive compensation in the latest say-on-pay vote.
How much does MGE Energy Inc spend in total on board compensation for fiscal 2025?
As disclosed, MGE Energy Inc reported total board compensation of $1,580,000 for fiscal 2025.
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Jeffrey Keebler | $795,833 | $0 | $1,402,881 | $0 | $865,920 | $531,180 | $17,694 | $3,613,508 |
| Chairman of the Board, President, and Chief Executive Officer | ||||||||
| Jared Bushek | 420,868 | 0 | 582,316 | 0 | 345,044 | 3,222 | 113,434 | 1,464,884 |
| Vice President – Chief Financial Officer and Treasurer | ||||||||
| Cari Anne Renlund | 413,180 | 0 | 273,183 | 0 | 270,607 | 0 | 102,953 | 1,059,923 |
| Vice President, General Counsel and Secretary | ||||||||
| James Lorenz | 328,631 | 0 | 219,156 | 0 | 195,382 | 185,188 | 58,846 | 987,203 |
| Vice President – Energy Operations | ||||||||
| Lynn Hobbie | 389,012 | 0 | 214,485 | 0 | 220,588 | 28,376 | 58,427 | 910,888 |
| Former Executive Vice President | ||||||||
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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Jeffrey Keebler | $3,613,508 | $2,126,131 | $2,566,797 | ↑ +1,487,377 |
| Jared Bushek | 1,464,884 | 1,015,661 | 820,879 | ↑ +449,223 |
| Cari Anne Renlund | 1,059,923 | 913,444 | 832,719 | ↑ +146,479 |
| James Lorenz | 987,203 | 713,592 | — | ↑ +273,611 |
| Lynn Hobbie | 910,888 | 781,236 | 1,006,937 | ↑ +129,652 |
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
Our executive compensation program is designed to compensate our NEOs fairly based upon an assessment of compensation available in the marketplace where we compete for executive talent and our desire to achieve a balance of short-term and long-term incentives for maintaining and improving Company performance and shareholder value.
| CEO STI target (% of salary) | 80% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Jared Bushek | PSU | 2025-03-03 | 1,434 | 2,867 | — | 5,734 | $316,631 |
| Cari Anne Renlund | PSU | 2025-03-03 | 673 | 1,345 | — | 2,690 | 148,542 |
| Lynn Hobbie | PSU | 2025-03-03 | 528 | 1,056 | — | 2,112 | 116,625 |
| Lynn Hobbie | RSU | 2025-03-03 | — | — | 1,056 | — | 97,860 |
| Jared Bushek | RSU | 2025-03-03 | — | — | 2,867 | — | 265,685 |
| James Lorenz | PSU | 2025-03-03 | 540 | 1,079 | — | 2,158 | 119,165 |
| James Lorenz | RSU | 2025-03-03 | — | — | 1,079 | — | 99,991 |
| Jeffrey Keebler | RSU | 2025-03-03 | — | — | 6,907 | — | 640,072 |
| Cari Anne Renlund | RSU | 2025-03-03 | — | — | 1,345 | — | 124,641 |
| Jeffrey Keebler | PSU | 2025-03-03 | 3,454 | 6,907 | — | 13,814 | 762,809 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Jared Bushek | $265,685 | $316,631 | $0 | 54.4% |
| Cari Anne Renlund | 124,641 | 148,542 | 0 | 54.4% |
| Lynn Hobbie | 97,860 | 116,625 | 0 | 54.4% |
| James Lorenz | 99,991 | 119,165 | 0 | 54.4% |
| Jeffrey Keebler | 640,072 | 762,809 | 0 | 54.4% |
% 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 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Lorenz | PSU | 972 | — | $76,224 |
| Lynn Hobbie | PSU | 1,056 | — | 82,812 |
| James Lorenz | PSU | 1,079 | — | 84,615 |
| Cari Anne Renlund | PSU | 1,345 | — | 105,475 |
| Lynn Hobbie | PSU | 1,438 | — | 112,768 |
| James Lorenz | PSU | 1,458 | — | 114,336 |
| Cari Anne Renlund | PSU | 1,516 | — | 118,885 |
| Lynn Hobbie | PSU | 1,584 | — | 124,217 |
| James Lorenz | PSU | 1,619 | — | 126,962 |
| Jared Bushek | PSU | 1,854 | — | 145,391 |
| Cari Anne Renlund | PSU | 2,018 | — | 158,252 |
| Lynn Hobbie | PSU | 2,157 | — | 169,152 |
| Cari Anne Renlund | PSU | 2,274 | — | 178,327 |
| Jared Bushek | PSU | 2,781 | — | 218,086 |
| Jared Bushek | PSU | 2,867 | — | 224,830 |
| Jared Bushek | PSU | 4,301 | — | 337,284 |
| Jeffrey Keebler | PSU | 5,162 | — | 404,804 |
| Jeffrey Keebler | PSU | 6,907 | — | 541,647 |
| Jeffrey Keebler | PSU | 7,743 | — | 607,206 |
| Jeffrey Keebler | PSU | 10,361 | — | 812,510 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James L. PossinIndependent · Lead Independent Director · Audit · Corporate Governance (Chair) | $109,655 | $85,000 | $0 | $0 | $0 | $194,655 |
| Patricia K. AckermanIndependent · Audit (Chair) | 97,845 | 85,000 | 0 | 0 | 0 | 182,845 |
| Marcia M. AndersonIndependent · Human Resources and Compensation (Chair) · Corporate Governance | 97,500 | 85,000 | 0 | 0 | 0 | 182,500 |
| Daniel J. KellyIndependent · Audit · Human Resources and Compensation | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| Angela S. RiegerIndependent · Human Resources and Compensation · Corporate Governance | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| James G. BerbeeIndependent · Human Resources and Compensation · Corporate Governance | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| Londa J. DeweyIndependent · Human Resources and Compensation · Corporate Governance · Executive | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| Noble L. WrayIndependent · Audit | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| Gary J. WolterNot independent · Executive | 85,000 | 85,000 | 0 | 0 | 0 | 170,000 |
| James J. LorenzEmployee director | — | — | — | — | — | 0 |
| Lynn K. HobbieEmployee director · Departed during FY | — | — | — | — | — | 0 |
| Cari Anne RenlundEmployee director | — | — | — | — | — | 0 |
| Jared J. BushekEmployee director | — | — | — | — | — | 0 |
| Jeffrey M. KeeblerEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $85,000 |
|---|---|
| Annual equity retainer | $85,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 12,500 / 10,000 |
| Stock ownership guideline | $255,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $815,000 |
| Equity awards (grant-date value) | $765,000 |
| All other compensation | $0 |
| Total cost of the board | $1,580,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names MGE Energy as a peer
Companies that benchmark against MGEE
12 companies name MGEE as a compensation peer
The list of companies that name MGEE as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
IDA IDACORP, Inc.AVA Avista CorporationCPK Chesapeake Utilities CorporationNWE NorthWestern Energy Group, Inc.ORA Ormat Technologies Inc.UTL Unitil CorporationGNE Genie Energy Ltd.NWN Northwest Natural Holding CompanyOTTR Otter Tail CorporationALE ALLETE, Inc.NOVA Sunnova Energy International, Inc.
Peer reciprocity
The companies MGE Energy Inc names as compensation peers that name it back in their own disclosed peer groups.
Chesapeake Utilities Corporation (CPK)52NorthWestern Energy Group, Inc. (NWE)53Unitil Corporation (UTL)54Northwest Natural Holding Company (NWN)55Otter Tail Corporation (OTTR)56ALLETE, Inc. (ALE)57
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Idacorp, Inc. | 2025 | Lisa Grow | $1,050,000 | $2,942,308 | $0 | $1,785,001 | $7,529,892 |
| 2 | Otter Tail Corporation | 2025 | Charles MacFarlane | 867,578 | 3,149,276 | 0 | 1,471,194 | 6,792,688 |
| 3 | Sunnova Energy International, Inc. | 2023 | William Berger | 620,833 | 489,645 | 4,000,000 | 734,468 | 5,865,040 |
| 4 | NorthWestern Energy Group, Inc. | 2025 | Brian Bird | 921,263 | 2,700,022 | 0 | 743,400 | 5,016,745 |
| 5 | Avista Corporation | 2025 | Heather Rosentrater | 786,845 | 2,653,743 | 0 | 897,732 | 4,773,308 |
| 6 | Chesapeake Utilities Corporation | 2025 | Jeffry Householder | 872,385 | 2,420,566 | 0 | 1,097,863 | 4,531,322 |
| 7 | Allete, Inc. | 2024 | Bethany Owen | 871,175 | 1,378,138 | 0 | 1,329,692 | 3,720,063 |
| 8 | Northwest Natural Holding Company | 2025 | Justin Palfreyman | 812,500 | 1,726,208 | 0 | 726,406 | 3,695,467 |
| 9 | Ormat Technologies Inc. | 2025 | Doron Blachar | 641,062 | 2,000,000 | 0 | 816,000 | 3,618,005 |
| 10 | MGE Energy Inc | 2025 | Jeffrey Keebler | 795,833 | 1,402,881 | 0 | 865,920 | 3,613,508 |
| 11 | Unitil Corporation | 2025 | Thomas Meissner Jr. | 744,066 | 751,842 | 0 | 662,591 | 3,189,116 |
| 12 | Genie Energy Ltd. | 2025 | Michael Stein | 450,000 | 0 | 0 | 0 | 1,371,250 |
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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| MGE Energy Inc | 135.3% | PSU 50 · RSU 50 | Yes — Relative Total Shareholder Return (TSR) | FW Cook |
| Allete, Inc. | 153.2% | PSU 75 · RSU 25 | Yes — Relative TSR | Pearl Meyer |
| Avista Corporation | 114% | not disclosed | No | Meridian Compensation Partners |
| Chesapeake Utilities Corporation | not disclosed | PSU 100 | not disclosed | FW Cook |
| Genie Energy Ltd. | not disclosed | Restricted Stock 100 | not disclosed | not disclosed |
| Idacorp, Inc. | 170% | PSU 67 · RSU 33 | Yes — TSR | Pay Governance |
| Northwest Natural Holding Company | 138.8% | PSA 65 · RSU 35 | No | Pay Governance |
| NorthWestern Energy Group, Inc. | 80% | PSU 70 · RSU 30 | Yes — TSR relative to peer group | Willis Towers Watson (WTW) |
| Ormat Technologies Inc. | 97% | PSU 60 · RSU 40 | Yes — Relative TSR | F.W. Cook & Co. |
| Otter Tail Corporation | not disclosed | not disclosed | Yes — Three-Year TSR performance relative to peer group | WTW |
| Sunnova Energy International, Inc. | 126% | Options 100 | not disclosed | Pearl Meyer |
| Unitil Corporation | 137% | PSU 50 · RSU 50 | No | Willis 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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-19 | 20,105,054 | 1,166,451 | 499,854 | 94.52% | Passed |
| 2025 | 2025-05-20 | 23,492,289 | 1,292,053 | 519,223 | 94.79% | Passed |
| 2024 | 2024-05-21 | 23,069,693 | 1,398,363 | 553,855 | 94.28% | Passed |
| 2023 | 2023-05-16 | 21,875,022 | 1,147,042 | 493,487 | 95.02% | Passed |
| 2022 | 2022-05-17 | 22,545,343 | 1,182,501 | 591,156 | 95.02% | Passed |
| 2021 | 2021-05-18 | 22,317,579 | 1,451,432 | 487,038 | 93.89% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-19 | 94.52%a |
| 2025 | 2025-05-20 | 94.79%b |
| 2024 | 2024-05-21 | 94.28%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect.”.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions and broker nonvotes will have no effect.”.
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.
CEO pay ratio
| Ratio (CEO : median employee) | 25.5 : 1 |
|---|---|
| CEO total compensation | $3,613,508 |
| Median employee compensation | $141,512 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Jared Joseph Bushek | VP Chief Fin. Off. & Treasurer | 2026-04-17 | A | 25,000 | $0 | $0 | Common | Form 4 ↗ |
| James G. Berbee | Director | 2026-08-19 | A | 261.36 | 81 | 21,249 | Common | Form 4 ↗ |
| James G. Berbee | Director | 2026-09-09 | A | 274.74 | 77 | 21,251 | Common | Form 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 (57 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, Jeffrey Keebler. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 40. As printed: 3,613,508. View filing ↗
- Section 01, Jared Bushek. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 40. As printed: 1,464,884. View filing ↗
- Section 01, Cari Anne Renlund. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 40. As printed: 1,059,923. View filing ↗
- Section 01, James Lorenz. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 40. As printed: 987,203. View filing ↗
- Section 01, Lynn Hobbie. DEF 14A, filed 2026-04-02. Section “2025 Summary Compensation Table” · page 40. As printed: 910,888. View filing ↗
- Section 03, Jared Bushek PSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Cari Anne Renlund PSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Lynn Hobbie PSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Lynn Hobbie RSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Jared Bushek RSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, James Lorenz PSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, James Lorenz RSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Keebler RSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Cari Anne Renlund RSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 03, Jeffrey Keebler PSU. DEF 14A, filed 2026-04-02. Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 25.5 : 1. View filing ↗
- Section 08, James L. Possin. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 194,655. View filing ↗
- Section 08, Patricia K. Ackerman. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 182,845. View filing ↗
- Section 08, Marcia M. Anderson. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 182,500. View filing ↗
- Section 08, Daniel J. Kelly. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, Angela S. Rieger. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, James G. Berbee. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, Londa J. Dewey. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, Noble L. Wray. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, Gary J. Wolter. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, James J. Lorenz. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Lynn K. Hobbie. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Cari Anne Renlund. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jared J. Bushek. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jeffrey M. Keebler. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Jared Joseph Bushek 2026-04-17. Form 4, filed 2026-04-21. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, James G. Berbee 2026-08-19. Form 4, filed 2026-08-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, James G. Berbee 2026-09-09. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 94.52% (votes for as printed: 20,105,054). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-22. Item 5.07 · say-on-pay result. As reported: 94.79% (votes for as printed: 23,492,289). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-23. Item 5.07 · say-on-pay result. As reported: 94.28% (votes for as printed: 23,069,693). 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 815,000 + equity 765,000 + all other 0 = 1,580,000, summed across the director compensation table rows.
- 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 ↗
- Sunnova Energy International, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-04. CEO total compensation as printed in Sunnova Energy International, Inc.'s own proxy. As printed: 5,865,040. View filing ↗
- NorthWestern Energy Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in NorthWestern Energy Group, Inc.'s own proxy. As printed: 5,016,745. 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 ↗
- Chesapeake Utilities Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Chesapeake Utilities Corporation's own proxy. As printed: 4,531,322. View filing ↗
- Allete, Inc., 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 ↗
- Northwest Natural Holding Company, Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Northwest Natural Holding Company's own proxy. As printed: 3,695,467. View filing ↗
- Ormat Technologies Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Ormat Technologies Inc.'s own proxy. As printed: 3,618,005. View filing ↗
- MGE Energy Inc (subject), 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 ↗
- Genie Energy Ltd., Section 10b CEO total. DEF 14A, filed 2026-05-01. CEO total compensation as printed in Genie Energy Ltd.'s own proxy. As printed: 1,371,250. View filing ↗
- Section 10a, Chesapeake Utilities Corporation reciprocity. DEF 14A. Chesapeake Utilities Corporation names MGE Energy Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, NorthWestern Energy Group, Inc. reciprocity. DEF 14A. NorthWestern Energy Group, Inc. names MGE Energy 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 MGE Energy Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Northwest Natural Holding Company reciprocity. DEF 14A. Northwest Natural Holding Company names MGE Energy 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 MGE Energy Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, ALLETE, Inc. reciprocity. DEF 14A. ALLETE, Inc. names MGE Energy Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗