Xcel Energy CEO Ben Fowke's 2021 pay falls 24% to $13M
Xcel Energy reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Xcel Energy reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, six executives at Xcel Energy received on average a compensation package of $5.2M, a 11% increase compared to previous year.
Average pay of disclosed executives at Xcel Energy
Ben Fowke, Chief Executive Officer, received $13M in total, which decreased by 24% compared to 2020. 70% of Fowke's compensation, or $9M, was in stock awards. Fowke also received $511K of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1.4M in salary, as well as $130K in other compensation.
Bob Frenzel, Chief Executive Officer, received a compensation package of $8.4M, which increased by 106% compared to previous year. 75% of the compensation package, or $6.3M, was in stock awards.
Brian Van Abel, Chief Financial Officer, earned $2.9M in 2021, a 16% increase compared to previous year.
Timothy O'Connor, Executive Vice President, Chief Operations Officer, received $2.9M in 2021, which increases by 19% compared to 2020.
Brett Carter, Executive Vice President, Group President, Utilities and Chief Customer Officer, earned $2.2M in 2021, a 4% decrease compared to previous year.
Amanda Rome, Executive Vice President, Chief Legal and Compliance Officer, received $2.1M in 2021, which increases by 17% compared to 2020.
Related executives
Bob Frenzel
Xcel Energy
Chief Executive Officer
Brian Van Abel
Xcel Energy
Chief Financial Officer
Brett Carter
Xcel Energy
Executive Vice President, Group President, Utilities and Chief Customer Officer
Timothy O'Connor
Xcel Energy
Executive Vice President, Chief Operations Officer
Amanda Rome
Xcel Energy
Executive Vice President, Chief Legal and Compliance Officer
Ben Fowke
Xcel Energy
Chief Executive Officer
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Source: SEC filing on April 5, 2022.