CEO Pay Watch Xcel Energy Inc.
Benjamin Fowke, chairman, president, CEO
Total compensation: $6,501,242 for the year ended Dec. 31
Salary: $1,150,000
Non-equity incentive pay: $1,690,500
Other compensation: $73,018
Value realized on vesting shares: $3,587,724
Total 2013 shareholder return: 8.8 percent
Note: Fowke took home 42.6 percent more than he did in 2012, mainly from an increase in the value of previously granted restricted stock awards that vested in 2013. The value realized from stock options in 2013 was about $2.1 million more than Fowke realized in 2012.
In February 2013, Fowke got a new restricted stock grant that was larger than usual. Xcel's governance, compensation and nominating committee approved a retention-based restricted stock award for Fowke worth about $4 million that is meant "to secure his services for the next five years."
