What they were paid
MGE ENERGY Director Compensation Table · all 3 fiscal years held| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | $85,000 | $85,000 | $0 | $0 | $170,000 |
| FY2022 | $69,000 | $50,000 | $0 | $0 | $119,000 |
| FY2021 | $27,000 | $0 | $0 | $0 | $27,000 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: MGE ENERGY INC DEF 14A filed April 2, 2026, accession 0001161728-26-000005, and prior-year filings. Open the filing on EDGAR.
How this page was built: the MGE ENERGY INC filed document, accession 0001161728-26-000005. Every figure is read from that document and cited to the page and table it appears in. Filed April 2, 2026.
Get the MGE ENERGY Board Governance Report
$170,000 Noble L. Wray, FY2025 total director compensation
$500
The free page is the headline figures. The board report is director pay, board composition and committee fees combined into the same kind of document.
Data as of April 2, 2026 · Source: Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).
How this board is paid
company policy · FY2025MGE ENERGY pays directors a $85,000 cash retainer and $85,000 in equity.
Committees
FY2025 · as the proxy prints themAudit
The rest of the MGE ENERGY board
FY2025 · as the company reported each| Director | Role | FY2025 total |
|---|---|---|
| Angela S. Rieger | Independent Director | $170,000 |
| Cari Anne Renlund | Director | — |
| Daniel J. Kelly | Independent Director | $170,000 |
| Gary J. Wolter | Director | $170,000 |
| James G. Berbee | Independent Director | $170,000 |
| James J. Lorenz | Director | — |
| James L. Possin | Lead Independent Director | $194,655 |
| Jared J. Bushek | Director | — |
| Jeffrey M. Keebler | Chair of the Board | — |
| Londa J. Dewey | Independent Director | $170,000 |
| Marcia M. Anderson | Independent Director | $182,500 |
| Patricia K. Ackerman | Independent Director | $182,845 |
The full MGE ENERGY compensation record
free company briefThis page is one director within MGE ENERGY's record. The company brief lists every named executive and director, each linking to their own page.
Peer companies
named in the MGE ENERGY proxy · each links to its own free briefOrder MGEE
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