Gale E. Klappa
2006
In 2006, Gale E. Klappa earned a total compensation of $7.9M as Chairman of the Board, President and Chief Executive Officer of WEC, WE and WG at WEC Energy Group.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,838,928 |
|---|---|
| Non-Equity Incentive Plan | $2,060,250 |
| Option Awards | $1,422,493 |
| Salary | $1,005,000 |
| Stock Awards | $1,392,112 |
| Other | $209,828 |
| Total | $7,928,611 |
Klappa received $2.1M in non-equity incentive plan, accounting for 26% of the total pay in 2006.
Klappa also received $1.8M of change in pension value and nonqualified deferred compensation earnings, $1.4M in option awards, $1M in salary, $1.4M in stock awards and $209.8K in other compensation.
Rankings
In 2006, Gale E. Klappa's compensation ranked 316th out of 7,022 executives tracked by ExecPay. In other words, Klappa earned more than 95.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 316 out of 7,022 | 96th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 45 out of 658 | 93rd |
Major group Electric, Gas, And Sanitary Services | 14 out of 281 | 95th |
Industry group Combination Electric And Gas, And Other Utility | 7 out of 70 | 90th |
Industry Electric and Other Services Combined | 7 out of 65 | 89th |
Source: SEC filing on April 2, 2009.
Klappa's colleagues
We found four more compensation records of executives who worked with Gale E. Klappa at WEC Energy Group in 2006.