Mge Energy

Mge Energy

MGEE· Transportation and Utilities· Fiscal year ends in December

CEO pay in FY2025Stock -16.5% in FY2025

Jeffrey M. Keebler is the CEO of Mge Energy and was paid $3.6M in FY2025 (Dec), up 70%.

Pay$100 in the stock at the end of FY20 → $117
CEO pay is from each Mge Energy proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Jeffrey M. KeeblerFY2025
  2. 2Jared J. BushekFY2025
  3. 3Cari Anne RenlundFY2025
  4. 4James J. LorenzFY2025
  5. 5Lynn K. HobbieFY2025

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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Mge Energy paid its 5 named executives $8.0M in total in FY2025 (Dec). CEO Jeffrey M. Keebler was paid $3.6M of that.

Name
Jeffrey M. KeeblerChairman, President and Chief Executive Officer (PEO)
Jared J. BushekVice President, Chief Financial Officer and Treasurer (PFO)
Cari Anne RenlundVice President, General Counsel and Secretary
James J. LorenzVice President, Energy OperationsNot disclosed
Lynn K. HobbieFormer Executive Vice President

of each named executive, from the Summary Compensation Table of each proxy.

Peers12

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The FY2025 (Dec) proxy of Mge Energy names 12 peer companies for pay. Among Mge Energy and these peers, CEO pay was the lowest of 6 and total shareholder return was 5th highest of 6.

6th highest of 6in Mge Energy and its pay peers, FY2025 (Dec) by CEO pay:

$3.6M$7.5M

5th highest of 6in Mge Energy and its pay peers, FY2025 (Dec) by total shareholder return:

$121$220

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board1

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  • James G. BerbeeDirector · 6 yr on the boardIndependentCorporate Governance, Human Resources and Compensation—Paid as an executive

The board of the latest proxy (FY2024).

Activity

  1. Pay
    Mge Energy Former Executive Vice President pay rose 17% to $910.9K. The stock fell 17% in FY2025 (Dec).
    DEF 14A
  2. Pay
    Mge Energy CEO pay rose 70% to $3.6M. The stock fell 17% in FY2025 (Dec).
    DEF 14A
  3. Pay
    Mge Energy CFO pay rose 44% to $1.5M. The stock fell 17% in FY2025 (Dec).
    DEF 14A
  4. Pay
    Mge Energy Division head pay rose 38% to $987.2K. The stock fell 17% in FY2025 (Dec).
    DEF 14A
  5. Pay
    Mge Energy General counsel pay rose 16% to $1.1M. The stock fell 17% in FY2025 (Dec).
    DEF 14A
  6. Pay
    Mge Energy Former Executive Vice President pay fell 22% to $781.2K. The stock rose 30% in FY2024 (Dec).
    DEF 14A
  7. Pay
    Mge Energy CEO pay fell 17% to $2.1M. The stock rose 30% in FY2024 (Dec).
    DEF 14A
  8. Pay
    Mge Energy CFO pay rose 24% to $1.0M. The stock rose 30% in FY2024 (Dec).
    DEF 14A
  9. Pay
    Mge Energy CAO pay rose 67% to $920.2K. The stock rose 3% in FY2023 (Dec).
    DEF 14A
  10. Pay
    Mge Energy CAO pay fell 30% to $551.7K. The stock fell 13% in FY2022 (Dec).
    DEF 14A
  11. Pay
    Mge Energy Former Executive Vice President pay rose 37% to $1.0M. The stock rose 3% in FY2023 (Dec).
    DEF 14A
  12. Pay
    Mge Energy Former Executive Vice President pay fell 35% to $732.7K. The stock fell 13% in FY2022 (Dec).
    DEF 14A
  13. Pay
    Mge Energy CEO pay rose 53% to $2.6M. The stock rose 3% in FY2023 (Dec).
    DEF 14A
  14. Pay
    Mge Energy CEO pay fell 36% to $1.7M. The stock fell 13% in FY2022 (Dec).
    DEF 14A
  15. Pay
    Mge Energy CFO pay rose 42% to $843.2K. The stock fell 13% in FY2022 (Dec).
    DEF 14A
  16. Pay
    Mge Energy General counsel pay fell 22% to $832.7K. The stock rose 3% in FY2023 (Dec).
    DEF 14A
  17. Pay
    Mge Energy General counsel pay rose 47% to $1.1M. The stock fell 13% in FY2022 (Dec).
    DEF 14A

Filings6

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Proxy statementDEF 14AApr 2, 2026FY2025
Annual report10-KFeb 24, 2026FY2025
Proxy statementDEF 14AApr 4, 2025FY2024
Annual report10-KFeb 25, 2025FY2024
Proxy statementDEF 14AApr 5, 2024FY2023
Annual report10-KFeb 21, 2024FY2023
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