¨Preliminary Proxy Statement ¨Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) xDefinitive Proxy Statement ¨Definitive Additional Materials ¨Soliciting Material under § 240.14a-12 |
DATE: | May | ||||
TIME: | 9:00 a.m. |
Table of Contents |
Proxy Summary | |||||
Proposal One — Election of Directors | |||||
Corporate Governance | |||||
Meetings and Committees of the Board of Directors | |||||
Ownership of Voting Securities | |||||
Compensation Discussion and Analysis | |||||
Compensation and Personnel Committee Report | |||||
Summary Compensation Table | |||||
Pay for Performance | |||||
Proposal Two — Advisory Vote to Approve the Compensation of Our Named Executive Officers | |||||
Proposal Three — Advisory Vote on the Frequency of Advisory Vote to Approve | |||||
Report of the Audit Committee | |||||
Fees Paid to Independent Registered Public Accounting Firm | |||||
Proposal Four — Ratification of the Appointment of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for | |||||
Information About the Annual Meeting and Voting | |||||
Proxy Summary |
Voting Matters | Board Recommendation | Page | |||||||||
1. | Election of Four Director Nominees | FOR all Director Nominees | |||||||||
2. | Advisory Vote to Approve Executive Compensation | FOR | |||||||||
3. | Advisory Vote on the Frequency of Advisory Vote to Approve Executive Compensation | 1 Year | |||||||||
4. | Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accountants for 2023 | FOR |
Voting Matters | Board Recommendation | Page | |
1. | Election of Four Director Nominees | FOR all Director Nominees | |
2. | Advisory Vote to Approve Executive Compensation | FOR | |
3. | Approve the Alliant Energy Corporation 2020 Omnibus Incentive Plan | FOR | |
4. | Ratification of Appointment of Deloitte & Touche LLP as Independent Registered Public Accountants for 2020 | FOR |
www.proxyvote.com | (800) 690-6903 | Mark, sign and date your proxy card and return it in the postage-paid envelope provided. Your proxy card must be received by May 401(k) participants’ cards must be received by May | ||||||||||||
until 10:59 p.m. May 401(k) participants’ votes must be received by May | 401(k) participants’ votes must be received by May |
Proposal One—ELECTION OF DIRECTORS |
Total Number of Directors | 10 | |||||||
Female | Male | |||||||
Part I: Gender Identity | ||||||||
Directors | 5 | 5 | ||||||
Part II: Demographic Background | ||||||||
African American or Black | 1 | 0 | ||||||
Hispanic or Latin-x | 0 | 1 | ||||||
White | 4 | 4 |
þ | The Board of Directors recommends |
Summary: Mr. Skills and Qualifications: strategic leadership; financial acumen/literacy; legal and regulatory; human resources/executive compensation; risk management; technology systems/cybersecurity; environmental and safety; diversity. | |||||
Patrick E. Allen Age: Director Nominated for a Committee • • Executive • | |||||
Summary: Ms. Cox brings to our Board more than 30 years of experience in the energy sector leading strategic planning, P&L management, human resources, manufacturing, supply chain and other functional roles for global organizations. Ms. Cox served as Executive President of Operations at John Wood Group PLC (Wood), a global leader in consulting and engineering in energy and materials markets, from October 2020 through July 2022. She also served as Wood’s Chief Executive Officer of Asset Solutions for the Americas from October 2019 to October 2020. Prior to joining Wood, Ms. Cox held multiple executive leadership roles with Schlumberger Limited (SLB), a global technology company that drives energy innovation for a balanced planet, spanning a 28-year career, including President, North America Land Drilling from 2018-2019; Vice President, Human Resources from 2017-2018 and from 2009-2014; President, North America from 2016-2017; President, Asia from 2014-2016; and leadership positions overseeing IT, Human Resources, Manufacturing and Supply Chain. Ms. Cox has served as a Director of IPL and WPL since 2023. Skills and Qualifications: strategic leadership; financial acumen/literacy; operations; customer perspective; human resources/executive compensation; risk management; technology systems/cybersecurity; environmental and safety; diversity. | |||||
Stephanie L. Cox Age: 54 Director since: 2023 Nominated for a term expiring in:2024 Committee memberships: • Compensation and Personnel • Operations | |||||
Summary: Mr. Skills and Qualifications: strategic leadership; financial acumen/literacy; operations; customer perspective; legal and regulatory; human resources/executive compensation; risk management; technology systems/cybersecurity; environmental and safety; diversity. | |||||
Michael D. Garcia Age: Director Nominated for a Committee • Compensation and Personnel • Operations | |||||
Summary: Ms. Skills and Qualifications: strategic leadership; financial acumen/literacy; operations; customer perspective; legal and regulatory; human resources/executive compensation; risk management; technology systems/cybersecurity; diversity. | |||||
Susan D. Whiting Age: Director Nominated for a Committee • Audit • Compensation and Personnel | |||||
Summary: Ms. Skills and | |||||
Age: Director Term Committee • Audit • Operations | |||||
Summary: Mr. Larsen brings to our Board an extensive knowledge of the utility Skills and | |||||
John O. Larsen Age: Director Term Committee • Equity Awards • Executive (non-voting Chair) | |||||
Summary: Mr. Newport brings to our Board broad experience and leadership in finance and operations of a manufacturing Skills/ | |||||
Roger K. Newport Age: Director Term Committee • Audit (Chair) • • Nominating and Governance | |||||
Summary: Mr. Skills and Qualifications: strategic leadership; financial acumen/literacy; operations; customer perspective; technology systems/cybersecurity; diversity. | |||||
Thomas F. O’Toole Age: Director Term Committee • Compensation and Personnel • Executive •Operations (Chair) | |||||
Summary: Ms. Sanders is our Lead Independent Skills and Qualifications: strategic leadership; financial acumen/literacy; operations; legal and regulatory; human resources/executive compensation; risk | |||||
Carol P. Sanders Age: Director Term Lead Independent Director Committee • Audit • Executive • Nominating and Governance (Chair) | |||||
Board of Directors Cybersecurity Regulatory | Nominating and Governance Committee Corporate Governance Corporate Environmental and Social Responsibility | Compensation and Personnel Committee Compensation and Executive Benefit Plans Workforce Corporate Culture | |||||||||||||||
Audit Committee Financial Performance and Reporting Compliance with Regulatory Orders, Financial and HR Regulations Code of Conduct Tax Reform Counterparty Credit Customer Cost Insurable Events Company Credit External Financings Vendor Management | Operations Committee Safety Environmental Compliance Customer Satisfaction Construction (including renewable projects) Operations Sales Physical Security Physical Assets Price and Volume of Commodities, Materials and Supplies |
Board of Directors Purpose, Mission and Strategy Cyber and Physical Security Public Policy Engagement | Nominating and Governance Committee ESG Oversight Board and Management Quality Board Structure Ownership and Shareowner Rights Corporate Responsibility Report | Compensation and Personnel Committee Remuneration and ESG Performance Metrics Human Rights Diversity, Equity and Inclusion Workforce Environment Corporate Culture Workforce Development | |||||||||||||||
Audit Committee Audit and Financial Reporting Enterprise Risk Management Code of Conduct Conflict of Interest Business Ethics | Operations Committee Climate Change Risks Greenhouse Gas Emissions Water Management Land Use and Biodiversity Energy Portfolio Diversity Emissions and Waste Community Relations Customer Engagement Safety and Health Supply Chain Standards Energy Reliability and Resiliency |
Lead Independent Director Roles | ||||||||||||||
• Communicating applicable information from executive session deliberations to the | ||||||||||||||
• Reviewing with the | ||||||||||||||
• Acting as principal liaison between the independent directors and the | ||||||||||||||
• Discussing with the | ||||||||||||||
• Consulting with any or all of our independent directors at the discretion of either party and with or without the attendance of the | ||||||||||||||
• In conjunction with the Nominating and Governance Committee, recommending to the | ||||||||||||||
• In conjunction with the Nominating and Governance Committee, interviewing all director candidates and making recommendations to the Board of Directors on director nominees | ||||||||||||||
• Mentoring and counseling new members of the Board of Directors to assist them in becoming active and effective directors | ||||||||||||||
• In conjunction with the Nominating and Governance Committee, | ||||||||||||||
• |
Audit | Compensation and Personnel | Nominating and Governance | Operations | Executive | |||||||||||||
Patrick E. Allen | C | ü | ü | ||||||||||||||
ü | ü | ||||||||||||||||
N. Joy Falotico | ü | ü | |||||||||||||||
Michael D. Garcia | ü | ü | |||||||||||||||
John O. Larsen | C* | ||||||||||||||||
Singleton B. McAllister | ü | ü | |||||||||||||||
Roger K. Newport | ü | ü | |||||||||||||||
Thomas F. O’Toole | ü | C | ü | ||||||||||||||
Carol P. Sanders | ü | C | ü | ||||||||||||||
Susan D. Whiting | ü |
Members | Roger K. Newport, Chair N. Joy Falotico Carol P. Sanders Susan D. Whiting | |||||||
Independence and Financial Expertise | All members are independent as required by applicable SEC and Nasdaq rules. The Board of Directors has determined that Mr. | |||||||
Meetings | The committee held | |||||||
Charter | The committee charter is | |||||||
Responsibilities | The primary responsibilities of the Audit Committee are: | |||||||
• | Engaging and overseeing the Company’s independent auditors (taking into account the vote on shareowner ratification), considering the qualifications, performance and | |||||||
• | Pre-approving all audit engagement services and permitted non-audit services to be performed by the independent auditors | |||||||
• | Reporting to the Board of Directors on the quality and integrity of the Company’s financial statements and its related internal controls over financial reporting, and reviewing with management and the independent auditors: (1) the Company’s annual and quarterly financial statements and other financial disclosures, including earnings press releases and earnings guidance; and (2) major issues as to the adequacy of the Company’s internal control over financial reporting | |||||||
• | Reviewing with the independent auditors and the Company’s internal auditors the overall scope and plans for their respective audits | |||||||
• | Preparing the Report of the Audit Committee for inclusion in the Company’s proxy statement | |||||||
• | Reviewing and assessing the guidelines and policies governing the Company’s risk management processes, the Company’s major financial risk exposures and actions taken to monitor and control such risk exposures | |||||||
• | Overseeing compliance and ethical standards adopted by the Company | |||||||
• | Reviewing the status of the Company’s compliance with laws, regulations and internal procedures, and monitoring contingent liabilities and risks that may be material to the Company | |||||||
• | Establishing procedures for the Company to receive, retain and respond to the confidential, anonymous submission | |||||||
Additional information on oversight roles and responsibilities of the Audit Committee is provided on pages 12-13. |
Members | Stephanie L. Cox Michael D. Garcia Thomas F. O’Toole Susan D. Whiting | |||||||
Independence | All members are independent as required by applicable SEC and Nasdaq rules. | |||||||
Meetings | The committee held | |||||||
Charter | The committee charter is | |||||||
Responsibilities | The primary responsibilities of the Compensation and Personnel Committee are: | |||||||
• | Overseeing compensation philosophy and policies relating to compensation of the Company’s executive officers | |||||||
• | Setting corporate goals and objectives relevant to CEO and executive compensation and evaluating the CEO’s performance compared to those goals | |||||||
• | Determining and approving the CEO’s compensation and benefits based on the CEO’s performance | |||||||
• | Reviewing the recommendations of the CEO with regard to the compensation of the other executive officers and approving such compensation | |||||||
• | Reviewing and approving stock ownership guidelines | |||||||
• | Overseeing the general health of the Company’s working environment and how the Company is addressing any related trends | |||||||
• | Reviewing the Compensation Discussion and Analysis and producing a Compensation and Personnel Committee Report for inclusion in the Company’s proxy statement | |||||||
• | Evaluating its relationship with any compensation consultant for any conflicts of interest and assessing the independence of any of its legal, compensation or other external advisors | |||||||
Additional information on the roles and responsibilities of the Compensation and Personnel Committee is provided on pages 12-13 and in the Compensation Discussion and Analysis beginning on page |
Members | Carol P. Sanders, Chair Patrick E. Allen Singleton B. McAllister Roger K. Newport | |||||||
Independence | All members are independent as required by applicable SEC and Nasdaq rules. | |||||||
Meetings | The committee held | |||||||
Charter | The committee charter is | |||||||
Responsibilities | The primary responsibilities of the Nominating and Governance Committee are: | |||||||
• | Developing criteria and qualifications, including independence standards, for selecting director candidates and identifying qualified candidates for membership on the Board of Directors and Board committees | |||||||
• | Making recommendations to the Board of Directors concerning the composition, size, structure and activities of the Board of Directors and Board committees | |||||||
• | Assessing and reporting to the Board of Directors on the performance and effectiveness of the Board of Directors and Board committees | |||||||
• | Ensuring that directors receive continuing director education | |||||||
• | Reviewing and determining whether to approve or ratify any related-person transactions | |||||||
• | Reviewing and | |||||||
• | Developing and recommending to the Board of Directors | |||||||
• | Overseeing ESG initiatives, including approving the Corporate Responsibility Report | |||||||
• | Overseeing the political engagement activity of the Company | |||||||
• | Reviewing and | |||||||
• | Reviewing and recommending to the Board of Directors succession plans for the Company’s CEO | |||||||
Additional information on oversight roles and responsibilities of the Nominating and Governance Committee is provided on pages 12-13. |
Members | Thomas F. O’Toole, Chair Stephanie L. Cox N. Joy Falotico Michael D. Garcia Singleton B. McAllister | |||||||
Independence | All members are independent as defined by the Nasdaq rules. | |||||||
Meetings | The committee held | |||||||
Charter | The committee charter is | |||||||
Responsibilities | The primary responsibilities of the Operations Committee are: | |||||||
• | Reviewing and overseeing environmental policy and planning issues | |||||||
• | Reviewing and overseeing safety issues and policies | |||||||
• | Reviewing and monitoring issues of strategic importance related to the Company’s operations such as reliability, quality of service, customer care and customer satisfaction | |||||||
• | Reviewing and assessing risk in relation to the Company’s operations | |||||||
• | Reviewing and monitoring issues with significant impact on the utility capital budgets and energy resource adequacy | |||||||
Additional information on oversight roles and responsibilities of the Operations Committee is provided on pages 12-13. |
Members | John O. Larsen, Chair (non-voting) Patrick E. Allen Roger K. Newport Thomas F. O’Toole Carol P. Sanders | ||||
Independence | All members except Mr. Larsen are independent as defined by the Nasdaq rules. | ||||
Meetings | The committee generally does not meet and did not meet in | ||||
Charter | The committee charter is | ||||
Responsibilities | The Executive Committee possesses all the power and authority of the Board of Directors when the Board is not in session. |
Name(1) | Fees Earned or Paid in Cash ($)(2) | Change in Pension Value and Non-qualified Deferred Compensation Earnings ($)(3) | All Other Compensation ($)(4) | Total ($) | ||||||||||
Patrick E. Allen | $282,500 | $0 | $0 | $282,500 | ||||||||||
N. Joy Falotico | $265,000 | $0 | $0 | $265,000 | ||||||||||
Michael D. Garcia | $260,000 | $0 | $0 | $260,000 | ||||||||||
Singleton B. McAllister | $260,000 | $357 | $3,500 | $263,857 | ||||||||||
Roger K. Newport | $280,000 | $0 | $3,500 | $283,500 | ||||||||||
Dean C. Oestreich | $260,000 | $6,563 | $0 | $266,563 | ||||||||||
Thomas F. O’Toole | $275,000 | $1,067 | $0 | $276,067 | ||||||||||
Carol P. Sanders | $310,000 | $5,748 | $2,000 | $317,748 | ||||||||||
Susan D. Whiting | $265,000 | $0 | $0 | $265,000 | ||||||||||
Name | Aggregate Dollar Amounts Deferred | Number of Shares of Common Stock Credited | ||||||
Patrick E. Allen | $141,250 | 2,445 | ||||||
N. Joy Falotico | $225,251 | 3,901 | ||||||
Michael D. Garcia | $156,000 | 2,702 | ||||||
Roger K. Newport | $210,000 | 3,637 | ||||||
Thomas F. O’Toole | $275,000 | 4,763 | ||||||
Susan D. Whiting | $10,375 | 180 |
Name(1) | Fees Earned or Paid in Cash ($)(2) | Change in Pension Value and Non-qualified Deferred Compensation Earnings ($)(3) | All Other Compensation ($)(4) | Total ($) |
Patrick E. Allen | $250,000 | $0 | $0 | $250,000 |
Deborah B. Dunie | $117,500 | $0 | $0 | $117,500 |
Jillian C. Evanko | $240,000 | $0 | $0 | $240,000 |
Darryl B. Hazel | $120,000 | $0 | $3,500 | $123,500 |
Singleton B. McAllister | $235,000 | $584 | $0 | $235,584 |
Roger K. Newport | $240,000 | $0 | $3,500 | $243,500 |
Dean C. Oestreich | $257,500 | $10,383 | $0 | $267,883 |
Thomas F. O'Toole | $250,000 | $1,046 | $0 | $251,046 |
Carol P. Sanders | $277,500 | $8,727 | $1,000 | $287,227 |
Susan D. Whiting | $250,000 | $0 | $0 | $250,000 |
Name | Aggregate Dollar Amounts Deferred | Number of Shares of Common Stock Credited |
Patrick E. Allen | $125,000 | 2,606 |
Roger K. Newport | $180,000 | 3,765 |
Susan D. Whiting | $38,500 | 806 |
Year | Annual Retainer for Service on All Boards | Lead Independent Director | Chairman of the Audit Committee | Chairman of the Compensation and Personnel Committee | Chairman of the Nominating and Governance Committee | Chairman of the Operations Committee | Other Audit Committee Members |
2019 | $235,000 | $25,000 | $20,000 | $15,000 | $15,000 | $15,000 | $5,000 |
2020 | $245,000 | $25,000 | $20,000 | $15,000 | $15,000 | $15,000 | $5,000 |
Year | Annual Retainer for Service on All Boards | Lead Independent Director | Chair of the Audit Committee | Chair of the Compensation and Personnel Committee | Chair of the Nominating and Governance Committee | Chair of the Operations Committee | Other Audit Committee Members | ||||||||||||||||
2022 | $260,000 | $30,000 | $20,000 | $20,000 | $15,000 | $15,000 | $5,000 | ||||||||||||||||
2023 | $270,000 | $30,000 | $20,000 | $20,000 | $15,000 | $15,000 | $5,000 |
Name of Beneficial Owner | Shares Beneficially Owned(1) | ||||
EXECUTIVE OFFICERS | |||||
John O. Larsen | |||||
Robert J. Durian | |||||
David A. de Leon | |||||
Terry L. Kouba | |||||
DIRECTOR NOMINEES | |||||
Patrick E. Allen | |||||
Stephanie L. Cox | 500 | ||||
Michael D. Garcia | |||||
Susan D. Whiting | 27,808 | ||||
DIRECTORS | |||||
N. Joy Falotico | 6,278 | ||||
Singleton B. McAllister | |||||
Roger K. Newport | |||||
Thomas F. O’Toole | |||||
Carol P. Sanders | |||||
All Executive Officers and Directors as a Group |
Amount and Nature of Beneficial Ownership | |||||||||||||||||||||||||||||
Voting Power | Investment Power | ||||||||||||||||||||||||||||
Name and Address of Beneficial Owner | Sole | Shared | Sole | Shared | Aggregate | Percent of Class | |||||||||||||||||||||||
The Vanguard Group 100 Vanguard Blvd. Malvern, PA 19355 (dated as of February 9, 2023) | 0 | 453,151 | 31,650,698 | 1,147,568 | 32,798,266 | 13.07% | |||||||||||||||||||||||
BlackRock Inc. 55 East 52nd Street New York, NY 10055 (dated as of January 27, 2023) | 21,379,847 | 0 | 22,703,583 | 0 | 22,703,583 | 9.00% | |||||||||||||||||||||||
State Street Corporation One Lincoln Street Boston, MA 02111 (dated as of February 8, 2023) | 0 | 11,812,665 | 0 | 13,992,605 | 14,012,417 | 5.58% |
Amount and Nature of Beneficial Ownership | ||||||||||
Voting Power | Investment Power | |||||||||
Name and Address of Beneficial Owner | Sole | Shared | Sole | Shared | Aggregate | Percent of Class | ||||
The Vanguard Group 100 Vanguard Blvd. Malvern, PA 19355 (dated as of February 10, 2020) | 418,920 | 134,842 | 30,356,344 | 461,171 | 30,817,515 | 12.62 | % | |||
BlackRock Inc. 55 East 52nd Street New York, NY 10055 (dated as of February 4, 2020) | 21,126,478 | 0 | 23,173,142 | 0 | 23,173,142 | 9.60 | % | |||
State Street Corporation One Lincoln Street Boston, MA 02111 (dated as of February 13, 2020) | 0 | 11,289,855 | 0 | 13,065,953 | 13,085,033 | 5.36 | % |
Our named executive officers for | |||||
1. | John O. Larsen: | ||||
2. | Robert J. Durian: Executive Vice President and Chief Financial Officer | ||||
3. | Michael S. Luhrs: Senior Vice President | ||||
4. | David A. de Leon: Senior Vice President; President of WPL | ||||
5. | Terry L. Kouba: Senior Vice President; President of IPL | ||||
6. | James H. | ||||
Year | Adjusted EPS from Continuing Operations(1) | Target Adjusted EPS from Continuing Operations | Annual Performance Payout as % of Target(2) | Relative Total Shareowner Return – Three Years(3) | Performance Share Payout as % of Target(4) | Performance Restricted Stock Unit Payout as % of Target(5) | ||||||||||||||
2020 | $2.44 | $2.41 | 118% | 79th percentile | 173% | 200% | ||||||||||||||
2021 | $2.65 | $2.57 | 135% | 95th percentile | 200% | 200% | ||||||||||||||
2022 | $2.80 | $2.74 | 123% | 57th percentile | 118% | 200% |
Year | Adjusted EPS from Continuing Operations(1) | Target Adjusted EPS from Continuing Operations | Annual Performance Payout as % of Target | Relative Total Shareowner Return – Three Years(2) | Performance Share Payout as % of Target(3) | Performance- Contingent Restricted Stock Vesting(4) | Performance Restricted Stock Unit Payout as % of Target(5) |
2017 | $1.96 | $1.99 | 79% | 65th percentile | 137.5% | Yes | |
2018 | $2.17 | $2.11 | 116% | 67th percentile | 142.5% | 200.0% | |
2019 | $2.31 | $2.24 | 127% | 72nd percentile | 155.0% | 200.0% |
Component | Description | Objective within Compensation Program | |||||||||
Base Salary | Fixed compensation, subject to annual review and adjusted in response to changes in responsibility, performance, strategic importance, | • | Provides base compensation at a level consistent with competitive practices | ||||||||
• | Reflects roles, responsibilities, skills, experience and performance | ||||||||||
• | Adheres to competitive market practices | ||||||||||
Short-Term (Annual) | Annual cash | • | Motivates and rewards achievement of annual Company goals | ||||||||
• | Aligns management and key stakeholder interests by linking pay and performance | ||||||||||
• | Promotes achievement of strategic plan by linking pay to achievement of strategic goals | ||||||||||
Long-Term (Equity) | • | Motivates and rewards financial performance over a sustained period | |||||||||
• | Motivates and rewards achievement of a diverse workforce over time | ||||||||||
• | Aligns management and shareowner interests by | ||||||||||
• | Enhances retention of management personnel | ||||||||||
• | Rewards strong total shareowner return and earnings growth | ||||||||||
• | Links pay to performance relative to peers | ||||||||||
Long-Term (Equity) Service-Based Compensation | Time-vesting equity awards earned after three years, subject to continuous employment | • | Enhances retention of management personnel | ||||||||
• | Aligns management and shareowner interests by | ||||||||||
Retirement and Other Benefits | Tax-qualified, deferred compensation and other benefits | • | Provides for current and future needs of the executives and their families | ||||||||
• | Enhances recruitment and retention | ||||||||||
• | Adheres to competitive market practices | ||||||||||
Post-Termination Compensation | Key Executive Employment and Severance Agreements (KEESAs) and Executive Severance | • | Enhances retention of management personnel by providing employment continuity | ||||||||
• | Encourages the objective evaluation and execution of potential changes to the Company’s strategy and structure |
Named Executive Officer | 2019 Base Salary | 2018 Base Salary | Percentage Increase | Named Executive Officer | 2022 Base Salary | 2021 Base Salary | Percentage Increase | ||||||||
John O. Larsen | $900,000 | $550,000 | 63.6 | % | John O. Larsen | $1,090,000 | $1,025,000 | 6.3% | |||||||
Robert J. Durian | $500,000 | $475,000 | 5.3 | % | Robert J. Durian | $610,000 | $565,000 | 8.0% | |||||||
James H. Gallegos | $525,000 | $500,000 | 5.0 | % | |||||||||||
Michael S. Luhrs | Michael S. Luhrs | $430,000 | — | ||||||||||||
David A. de Leon | $300,000 | $260,000 | 15.4 | % | David A. de Leon | $430,000 | $390,000 | 10.3% | |||||||
Terry L. Kouba | $300,000 | $270,000 | 11.1 | % | Terry L. Kouba | $430,000 | $390,000 | 10.3% | |||||||
Patricia L. Kampling | $1,060,000 | $1,009,400 | 5.0 | % | |||||||||||
James H. Gallegos | James H. Gallegos | $565,000 | $554,000 | 2.0% |
Goal | Percentage of Performance Pool | Target | Actual | Percentage Payment Toward Performance Pool | ||||||||||
Consolidated EPS from Continuing Operations (EPS) | 70% | EPS:(1) Threshold: $2.58 Target: $2.74 Maximum: $2.85 | $2.80 | 88.9% | ||||||||||
Customer Experience | 5% | Customer Interaction Survey: Threshold: 7.98 Target: 8.38 Maximum: 8.58 | 8.92 | 7.5% | ||||||||||
5% | SAIDI: Threshold: 90% Target: 100% Maximum: 115% | 127% | 7.5% | |||||||||||
5% | SAIFl: Threshold: 90% Target: 100% Maximum: 115% | 119% | 7.5% | |||||||||||
Environmental | 5% | Annual Progress Towards Long-Term Emission Goal: Threshold: 23% Target: 30% Maximum: 37% | 39% | 7.5% | ||||||||||
Diversity, Equity and Inclusion | 5% | Creating a Culture of Inclusivity and Belonging: Threshold: 30 Target: 40 Maximum: 50 | 30 | 2.5% | ||||||||||
Safety | 2.5% | Total Recordable Incident Rate Reduction: Threshold: 8% Target: 15% Maximum: 25% | -9% | —% | ||||||||||
2.5% | Lost Time Incident Rate Reduction: Threshold: 5% Target: 15% Maximum: 25% | 8% | 1.7% | |||||||||||
TOTAL | 100.0% | 123% | ||||||||||||
Goal | Percentage of Performance Pool | Target | Actual | Percentage Payment Toward Performance Pool |
Consolidated EPS from Continuing Operations (“EPS”) | 70% | EPS:(1) Threshold: $2.10 Target: $2.24 Maximum: $2.33 | $2.31 | 97.2% |
Customer Experience (each goal accounts for one-third of this performance goal, weighted at a total of 15%) | 5% | Customer Interaction Survey: Threshold: 7.19 Target: 7.68 Maximum: 8.18 | 7.66 | 4.9% |
5% | SAIDI: Threshold: 106 Target: 95 Maximum: 83 | 98.9 | 4.1% | |
5% | SAIFl: Threshold: 1.04 Target: 0.94 Maximum: 0.82 | 0.92 | 5.4% | |
Environmental | 10% | Annual Progress Towards Long-Term Emission Goal: Threshold: 95.5% Target: 98.2% Maximum: 100.0% | 100.0% | 15.0% |
Diversity (each goal accounts for one-half of this performance goal, weighted at a total of 5%) | 2.5% | People of Color: Threshold: 5.1% Target: 5.3% Maximum: 5.5% | 5.0% | 0.0% |
2.5% | Women: Threshold: 25.9% Target: 26.5% Maximum: 27.1% | 25.8% | 0.0% | |
TOTAL | 100.0% | 126.6% |
Named Executive Officer | EXSTIP Plan Target Payout as a Percentage of 2022 Base Salary | ||||
John O. Larsen | |||||
Robert J. Durian | |||||
60% | |||||
David A. de Leon | |||||
Terry L. Kouba | |||||
Award Type | Portion of Long-Term Target Award | Performance Metric | Payout Range as a Percentage of Target | Settlement | ||||||||||
Performance Shares | 35% | Relative Total Shareowner Return | 0-200% | Shares | ||||||||||
Performance Restricted Stock Units - Net Income | 35% | Cumulative Net Income Growth | 0-200% | Shares | ||||||||||
Performance Restricted Stock Units - DEI | 5% | Diversity Metrics | 0-200% | Shares | ||||||||||
Restricted Stock Units | 25% | Time-vesting | 100% | Shares |
Portion of Long-Term Target Award | Performance Metric | Payout Range as a Percentage of Target | Settlement | |
Performance Restricted Stock Units | 35% | Net Income Growth | 0-200% | Shares |
Performance Shares | 35% | Relative Total Shareowner Return | 0-200% | Shares |
Restricted Stock Units | 30% | Time-vesting | 100% | Shares |
Named Executive Officer | 2022 Target Long-Term Equity Grant Value as a Percentage of Base Salary | ||||
John O. Larsen | |||||
Robert J. Durian | |||||
David A. de Leon | |||||
Terry L. Kouba | |||||
Three-Year Compounded Annual Growth of Consolidated Net Income from Continuing Operations | Percentage of Target Value Payout |
7% | 200% |
6% | 150% |
5% | 100% |
4% | 50% |
Below 4% | 0% |
Three-Year Total Shareowner Return Relative To EEI Stock Index | Percentage of Target Value Payout | ||||
90th percentile or greater | 200% | ||||
80th percentile | 175% | ||||
70th percentile | 150% | ||||
60th percentile | 125% | ||||
50th percentile | 100% | ||||
45th percentile | 75% | ||||
40th percentile | 50% | ||||
Below 40th percentile | 0% |
ALLETE, Inc. | Entergy Corporation | Otter Tail Corporation | ||||||
Ameren Corporation | Evergy, Inc. | PG&E Corporation | ||||||
American Electric Power Company, Inc. | Eversource Energy | Pinnacle West Capital Corporation | ||||||
Avangrid, Inc. | Exelon Corporation | PNM Resources, Inc. | ||||||
Avista Corporation | FirstEnergy Corp. | Portland General Electric Company | ||||||
Black Hills Corporation | Hawaiian Electric Industries, Inc. | PPL Corporation | ||||||
CenterPoint Energy, Inc. | IDACORP, Inc. | Public Service Enterprise Group | ||||||
CMS Energy Corporation | MDU Resources Group Inc. | Sempra Energy | ||||||
Consolidated Edison, Inc. | MGE Energy, Inc. | Southern Company | ||||||
Dominion Energy Inc. | NextEra Energy, Inc. | Unitil Corporation | ||||||
DTE Energy Company | NiSource Inc. | WEC Energy Group, Inc. | ||||||
Duke Energy Corporation | NorthWestern Corporation | Xcel Energy, Inc. | ||||||
Edison International | OGE Energy Corp. |
Three-Year Cumulative Consolidated Net Income from Continuing Operations Growth | Percentage of Target Value Payout | ||||
7.5% | 200% | ||||
6.5% | 150% | ||||
5.5% | 100% | ||||
4% | 50% | ||||
Below 4% | 0% |
Women | People of Color | ||||||||||
Percent of Workforce | Percentage of Target Value Payout | Percent of Workforce | Percentage of Target Value Payout | ||||||||
24.6% | 50% | 6.2% | 50% | ||||||||
25.2% | 100% | 7.1% | 100% | ||||||||
25.7% | 200% | 8.1% | 200% |
Benefit | Description | ||||
Alliant Energy Deferred Compensation Plan | Enables participants to defer up to 100% of base salary and annual | ||||
Alliant Energy Cash Balance Pension Plan(2) | Offers flexible payment options and steady growth of retirement funds. The Cash Balance Pension Plan was frozen for participants effective August 2, 2008. Employees hired after December 25, 2005 are not eligible to participate. | ||||
Alliant Energy Corporation 401(k) Savings Plan | Provides for a match of $0.50 on each dollar for the first 8% of compensation contributed to the 401(k) Savings Plan account by the participants up to the IRS maximum. In addition, we contribute a percentage of participants’ salaries to their 401(k) accounts. The amount of the Company contribution ranges from 4% to 6% of a participant’s salary, depending on the participant’s age and number of years of service at the Company. | ||||
Alliant Energy Excess Retirement Plan(2) | Provides the benefit that the participants would have earned under the Cash Balance Pension Plan and the | ||||
Alliant Energy Supplemental Retirement Plan | Generally provides retirement compensation in addition to the benefits provided by the Cash Balance Pension Plan and the 401(k) Savings Plan, which are limited by the Internal Revenue Code of 1986 |
Entity | Role | ||||
Compensation and Personnel Committee | The Compensation and Personnel Committee reviews and sets each component and level of compensation for the Company’s named executive officers and other executive officers. The Compensation and Personnel Committee’s responsibilities include: • Review and • Review and • The Compensation and Personnel Committee is made up of independent directors and meets regularly in executive sessions without management present. The committee is supported in its work by the human resources staff and by the committee’s outside consultant. | ||||
Chief Executive Officer | The CEO recommends to the Compensation and Personnel Committee the level of compensation for the Company’s named executive officers and other senior • Executive performance • • Strategic importance • Internal pay equity • Market data, as discussed below • Information provided by the Company’s human resources staff The CEO is present and available to the Compensation and Personnel Committee during their meetings with respect to the compensation of the Company’s other named executive officers and | ||||
Independent Compensation Consultant | The Compensation and Personnel Committee engaged Pay Governance LLC as its independent external advisor. The committee receives data, analyses and support from Pay Governance. During | ||||
Market Data | Each year, Pay Governance prepares a market compensation analysis based on companies of similar size in terms of revenue and market capitalization, including those in the energy services industry and in general industry. This analysis assists the Compensation and Personnel Committee in establishing executive officer compensation levels to allow us to remain competitive in our market. The market data used in • Willis Towers Watson’s • Willis Towers Watson’s Survey information was size-adjusted using regression analysis to correspond to each officer’s scope of responsibility. The Compensation and Personnel Committee used equally blended general industry data and energy industry data to determine the market reference point used for corporate positions, which in A defined utility peer group was used as the sole market reference point for utility-specific operating positions, such as those held by Mr. de Leon and Mr. Kouba. This peer group included: Atmos Energy Corp., Ameren Corp., Avista Corp., Black Hills Corp., CenterPoint Energy, Inc., CMS Energy Corp., Evergy, Inc., Eversource Energy, Hawaiian Electric Industries, Inc., IDACORP, Inc., MDU Resources Group, Inc., NiSource Inc., OGE Energy Corp., Pinnacle West Capital Corp., Portland General Electric Co., PPL Corp., Public Service Enterprise Group, Southwest Gas Holdings Inc., and WEC Energy Group, Inc. The |
Regular reviews of the program by the Compensation and Personnel Committee | Performance metrics that encourage achievement of both absolute growth and relative growth | ||||
Double-trigger change in control provisions in our severance agreements and long-term equity awards | No hedging or pledging of Company stock | ||||
Stock ownership guidelines for executive officers | Clawback policy that applies to our annual and long-term incentive pay plans | ||||
Dividends paid on equity awards only if performance targets are met or vesting is completed | No tax gross-up provisions in our change in control agreements | ||||
Maximum multiplier for change in control cash severance benefit no greater than 2.99 | All long-term equity awards settle in Company stock | ||||
Strong linkage of compensation to achievement of financial, customer-focused and ESG-related goals | Limited perquisites for our executive officers |
Officer Level | Stock Ownership Guideline | ||||
Chief Executive Officer | 6 times base salary | ||||
President | 4 times base salary | ||||
Executive Vice President | 3.5 times base salary | ||||
Senior Vice President | 3 times base salary | ||||
Vice President | 1.5 times base salary |
Name and Principal Position | Year | Salary ($)(1) | Bonus ($) | Stock Awards ($)(2) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($)(1)(3) | Change in Pension Value and Non-qualified Deferred Compensation Earnings ($)(4) | All Other Compensation($)(5)(6) | Total ($) | ||||||||||||||||||||
John O. Larsen: Board Chair and Chief Executive Officer of Alliant Energy; Board Chair of IPL and WPL | 2022 | $1,085,000 | $0 | $4,193,783 | $0 | $1,528,398 | $3,707 | $476,089 | $7,286,977 | ||||||||||||||||||||
2021 | $1,024,904 | $0 | $3,776,810 | $0 | $1,511,747 | $3,746,424 | $389,375 | $10,449,260 | |||||||||||||||||||||
2020 | $978,750 | $0 | $3,502,151 | $0 | $1,265,550 | $5,010,781 | $262,902 | $11,020,134 | |||||||||||||||||||||
Robert J. Durian: Executive Vice President and Chief Financial Officer | 2022 | $606,539 | $0 | $1,233,679 | $0 | $570,228 | $1,934 | $168,036 | $2,580,416 | ||||||||||||||||||||
2021 | $565,154 | $0 | $1,027,048 | $0 | $543,459 | $38,187 | $155,887 | $2,329,735 | |||||||||||||||||||||
2020 | $542,154 | $0 | $1,025,288 | $0 | $477,900 | $137,320 | $150,193 | $2,332,855 | |||||||||||||||||||||
Michael S. Luhrs: Senior Vice President(7) | 2022 | $314,231 | $0 | $427,230 | $0 | $317,340 | $0 | $349,034 | $1,407,835 | ||||||||||||||||||||
David A. de Leon: Senior Vice President and President of WPL | 2022 | $426,923 | $0 | $424,148 | $0 | $301,473 | $0 | $74,287 | $1,226,831 | ||||||||||||||||||||
2021 | $390,288 | $0 | $325,744 | $0 | $250,088 | $0 | $63,490 | $1,029,610 | |||||||||||||||||||||
2020 | $372,615 | $0 | $327,132 | $0 | $221,250 | $91,000 | $57,801 | $1,069,798 | |||||||||||||||||||||
Terry L. Kouba: Senior Vice President and President of IPL | 2022 | $426,923 | $0 | $424,148 | $0 | $301,473 | $80 | $74,189 | $1,226,813 | ||||||||||||||||||||
2021 | $390,288 | $0 | $325,744 | $0 | $250,088 | $141 | $65,039 | $1,031,300 | |||||||||||||||||||||
2020 | $374,135 | $0 | $327,132 | $0 | $221,250 | $110,170 | $59,562 | $1,092,249 | |||||||||||||||||||||
James H. Gallegos: Former Executive Vice President, General Counsel and Corporate Secretary | 2022 | $203,423 | $0 | $863,882 | $0 | $121,616 | $282 | $160,203 | $1,349,406 | ||||||||||||||||||||
2021 | $555,000 | $0 | $789,331 | $0 | $461,828 | $52,472 | $270,921 | $2,129,552 | |||||||||||||||||||||
2020 | $543,404 | $0 | $803,491 | $0 | $414,180 | $43,550 | $257,648 | $2,062,273 | |||||||||||||||||||||
Name and Principal Position | Year | Salary ($)(1) | Bonus ($) | Stock Awards ($)(2) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($)(1)(3) | Change in Pension Value and Non-qualified Deferred Compensation Earnings ($)(4) | All Other Compensation($)(5) | Total ($) |
John O. Larsen: Chairman, President and Chief Executive Officer of Alliant Energy; Chairman and Chief Executive Officer of IPL & WPL | 2019 | $754,615 | $0 | $2,473,403 | $0 | $1,143,000 | $3,062,273 | $186,708 | $7,619,999 |
2018 | $546,702 | $0 | $697,416 | $0 | $446,600 | $655,424 | $106,808 | $2,452,950 | |
2017 | $393,846 | $0 | $388,217 | $0 | $171,628 | $468,608 | $74,908 | $1,497,207 | |
Robert J. Durian: Executive Vice President and Chief Financial Officer | 2019 | $500,577 | $0 | $904,931 | $0 | $444,500 | $101,153 | $137,803 | $2,088,964 |
2018 | $472,837 | $0 | $867,356 | $0 | $385,700 | $1,504 | $109,761 | $1,837,158 | |
2017 | $436,058 | $0 | $819,447 | $0 | $243,320 | $58,486 | $76,338 | $1,633,649 | |
James H. Gallegos: Executive Vice President, General Counsel and Corporate Secretary | 2019 | $525,673 | $0 | $739,067 | $0 | $400,050 | $41,422 | $222,699 | $1,928,911 |
2018 | $494,615 | $0 | $710,064 | $0 | $348,000 | $3,340 | $232,827 | $1,788,846 | |
2017 | $439,135 | $0 | $591,834 | $0 | $208,560 | $22,377 | $171,652 | $1,433,558 | |
David A. de Leon: Senior Vice President and President of WPL(6) | 2019 | $301,154 | $0 | $226,244 | $0 | $171,450 | $70,000 | $49,035 | $817,883 |
Terry L. Kouba: Senior Vice President and President of IPL(6) | 2019 | $301,154 | $0 | $226,244 | $0 | $171,450 | $96,130 | $52,169 | $847,147 |
Patricia L. Kampling: Former Chairman and Chief Executive Officer of Alliant Energy(7) | 2019 | $643,468 | $0 | $3,464,092 | $0 | $774,065 | $237,349 | $389,140 | $5,508,114 |
2018 | $1,003,821 | $0 | $3,327,872 | $0 | $1,346,540 | $358,019 | $484,457 | $6,520,709 | |
2017 | $977,981 | $0 | $3,193,904 | $0 | $851,620 | $1,137,849 | $373,975 | $6,535,329 |
Name | Grant Date Fair Value of Performance Shares (Target) | Grant Date Fair Value of Performance Shares (Maximum) | Name | Grant Date Fair Value of Performance Shares (Target) | Grant Date Fair Value of Performance Shares (Maximum) | |||||
John O. Larsen | $894,931 | $1,789,862 | John O. Larsen | $1,430,783 | $2,861,566 | |||||
Robert J. Durian | $319,954 | $639,908 | Robert J. Durian | $420,899 | $841,798 | |||||
James H. Gallegos | $261,321 | $522,642 | ||||||||
Michael S. Luhrs | Michael S. Luhrs | $133,729 | $267,458 | |||||||
David A. de Leon | $80,000 | $160,000 | David A. de Leon | $144,728 | $289,456 | |||||
Terry L. Kouba | $80,000 | $160,000 | Terry L. Kouba | $144,728 | $289,456 | |||||
Patricia L. Kampling | $1,224,799 | $2,449,598 | ||||||||
James H. Gallegos | James H. Gallegos | $294,738 | $589,476 |
Name | Grant Date Fair Value of Performance Restricted Stock Units (Target) | Grant Date Fair Value of Performance Restricted Stock Units (Maximum) | ||||||
John O. Larsen | $1,487,804 | $2,975,608 | ||||||
Robert J. Durian | $437,673 | $875,346 | ||||||
Michael S. Luhrs | $158,044 | $316,088 | ||||||
David A. de Leon | $150,496 | $300,992 | ||||||
Terry L. Kouba | $150,496 | $300,992 | ||||||
James H. Gallegos | $306,484 | $612,968 | ||||||
Name | Grant Date Fair Value of Performance Restricted Stock Units (Target) | Grant Date Fair Value of Performance Restricted Stock Units (Maximum) | ||||||
John O. Larsen | $212,495 | $424,990 | ||||||
Robert J. Durian | $62,508 | $125,016 | ||||||
Michael S. Luhrs | $22,587 | $45,174 | ||||||
David A. de Leon | $21,459 | $42,918 | ||||||
Terry L. Kouba | $21,459 | $42,918 | ||||||
James H. Gallegos | $43,767 | $87,534 | ||||||
Name | Grant Date Fair Value of Performance Restricted Stock Units (Target) | Grant Date Fair Value of Performance Restricted Stock Units (Maximum) |
John O. Larsen | $849,947 | $1,699,894 |
Robert J. Durian | $314,984 | $629,968 |
James H. Gallegos | $257,262 | $514,524 |
David A. de Leon | $78,757 | $157,514 |
Terry L. Kouba | $78,757 | $157,514 |
Patricia L. Kampling | $1,205,773 | $2,411,546 |
Name | Change in Pension Value | Above Market Non-qualified Deferred Compensation Earnings | Name | Change in Pension Value | Above Market Non-qualified Deferred Compensation Earnings | |||||
John O. Larsen | $3,058,000 | $4,273 | John O. Larsen | $0 | $3,707 | |||||
Robert J. Durian | $99,000 | $2,153 | Robert J. Durian | $0 | $1,934 | |||||
James H. Gallegos | $41,000 | $422 | ||||||||
Michael S. Luhrs | Michael S. Luhrs | $0 | ||||||||
David A. de Leon | $70,000 | $0 | David A. de Leon | $0 | ||||||
Terry L. Kouba | $96,000 | $130 | Terry L. Kouba | $0 | $80 | |||||
Patricia L. Kampling | $231,668 | $5,681 | ||||||||
James H. Gallegos | James H. Gallegos | $0 | $282 |
Name | Perquisites and Other Personal Benefits(a) | Registrant Contributions to Defined Contribution Plans(b) | Life Insurance Premiums | Dividends(c) | Other Payments(d) | ||||||||||||
John O. Larsen | $16,474 | $87,900 | $7,482 | $364,233 | $0 | ||||||||||||
Robert J. Durian | $0 | $59,565 | $2,347 | $106,124 | $0 | ||||||||||||
Michael S. Luhrs | $0 | $25,135 | $949 | $9,063 | $313,887 | ||||||||||||
David A. de Leon | $0 | $35,777 | $4,646 | $33,864 | $0 | ||||||||||||
Terry L. Kouba | $0 | $35,679 | $4,646 | $33,864 | $0 | ||||||||||||
James H. Gallegos | $0 | $93,003 | $1,667 | $65,533 | $0 | ||||||||||||
Name | Perquisites and Other Personal Benefits(a) | Registrant Contributions to Defined Contribution Plans(b) | Life Insurance Premiums | Dividends(c) |
John O. Larsen | $30,189 | $61,515 | $5,443 | $89,561 |
Robert J. Durian | $0 | $49,808 | $1,250 | $86,745 |
James H. Gallegos | $0 | $146,741 | $3,778 | $72,180 |
David A. de Leon | $0 | $27,445 | $2,064 | $19,526 |
Terry L. Kouba | $0 | $27,459 | $3,168 | $21,542 |
Patricia L. Kampling | $23,628 | $42,290 | $5,742 | $317,480 |
Name | Grant Date | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | Estimated Future Payouts Under Equity Incentive Plan Awards | All Other Stock Awards: Number of Shares of Stock or Units (#) | Grant Date Fair Value of Stock Awards | ||||||||||||||||||||||||
Threshold ($) 20% | Target ($) 100% | Maximum ($) 150% | Threshold (#) 50% | Target (#) 100% | Maximum (#) 200% | ||||||||||||||||||||||||
John O. Larsen | 2/17/2022(2) | 13,139 | 26,277 | 52,554 | $1,430,783 | ||||||||||||||||||||||||
2/17/2022(3) | 13,139 | 26,277 | 52,554 | $1,487,804 | |||||||||||||||||||||||||
2/17/2022(4) | 1,877 | 3,753 | 7,506 | $212,495 | |||||||||||||||||||||||||
2/17/2022(5) | 18,769 | $1,062,701 | |||||||||||||||||||||||||||
$261,600 | $1,308,000 | $1,962,000 | |||||||||||||||||||||||||||
Robert J. Durian | 2/17/2022(2) | 3,865 | 7,730 | 15,460 | $420,899 | ||||||||||||||||||||||||
2/17/2022(3) | 3,865 | 7,730 | 15,460 | $437,673 | |||||||||||||||||||||||||
2/17/2022(4) | 552 | 1,104 | 2,208 | $62,508 | |||||||||||||||||||||||||
2/17/2022(5) | 5,521 | $312,599 | |||||||||||||||||||||||||||
$97,600 | $488,000 | $732,000 | |||||||||||||||||||||||||||
Michael S. Luhrs | 4/11/2022(2) | 1,228 | 2,456 | 4,912 | $133,729 | ||||||||||||||||||||||||
4/11/2022(3) | 1,228 | 2,456 | 4,912 | $158,044 | |||||||||||||||||||||||||
4/11/2022(4) | 176 | 351 | 702 | $22,587 | |||||||||||||||||||||||||
4/11/2022(5) | 1,754 | $112,870 | |||||||||||||||||||||||||||
$51,600 | $258,000 | $387,000 | |||||||||||||||||||||||||||
David A. de Leon | 2/17/2022(2) | 1,329 | 2,658 | 5,316 | $144,728 | ||||||||||||||||||||||||
2/17/2022(3) | 1,329 | 2,658 | 5,316 | $150,496 | |||||||||||||||||||||||||
2/17/2022(4) | 190 | 379 | 758 | $21,459 | |||||||||||||||||||||||||
2/17/2022(5) | 1,898 | $107,465 | |||||||||||||||||||||||||||
$51,600 | $258,000 | $387,000 | |||||||||||||||||||||||||||
Terry L. Kouba | 2/17/2022(2) | 1,329 | 2,658 | 5,316 | $144,728 | ||||||||||||||||||||||||
2/17/2022(3) | 1,329 | 2,658 | 5,316 | $150,496 | |||||||||||||||||||||||||
2/17/2022(4) | 190 | 379 | 758 | $21,459 | |||||||||||||||||||||||||
2/17/2022(5) | 1,898 | $107,465 | |||||||||||||||||||||||||||
$51,600 | $258,000 | $387,000 | |||||||||||||||||||||||||||
James H. Gallegos | 2/17/2022(2) | 2,707 | 5,413 | 10,826 | $294,738 | ||||||||||||||||||||||||
2/17/2022(3) | 2,707 | 5,413 | 10,826 | $306,484 | |||||||||||||||||||||||||
2/17/2022(4) | 387 | 773 | 1,546 | $43,767 | |||||||||||||||||||||||||
2/17/2022(5) | 3,866 | $218,893 | |||||||||||||||||||||||||||
$19,775 | $98,875 | $148,313 |
Name | Grant Date | Estimated Possible Payouts Under Non-Equity Incentive Plan Awards(1) | Estimated Future Payouts Under Equity Incentive Plan Awards | All Other Stock Awards: Number of Shares of Stock or Units (#) | Grant Date Fair Value of Stock Awards | ||||
Threshold ($) 20% | Target ($) 100% | Maximum ($) 150% | Threshold (#) 50% | Target (#) 100% | Maximum (#) 200% | ||||
John O. Larsen | 2/21/2019(2) | 4,142 | 8,284 | 16,568 | $383,963 | ||||
2/21/2019(3) | 4,142 | 8,284 | 16,568 | $377,999 | |||||
2/21/2019(4) | 7,101 | $324,019 | |||||||
7/24/2019(2) | 4,759 | 9,517 | 19,034 | $510,968 | |||||
7/24/2019(3) | 4,759 | 9,517 | 19,034 | $471,948 | |||||
7/24/2019(4) | 8,157 | $404,506 | |||||||
$180,000 | $900,000 | $1,350,000 | |||||||
Robert J. Durian | 2/21/2019(2) | 3,452 | 6,903 | 13,806 | $319,954 | ||||
2/21/2019(3) | 3,452 | 6,903 | 13,806 | $314,984 | |||||
2/21/2019(4) | 5,917 | $269,993 | |||||||
$70,000 | $350,000 | $525,000 | |||||||
James H. Gallegos | 2/21/2019(2) | 2,819 | 5,638 | 11,276 | $261,321 | ||||
2/21/2019(3) | 2,819 | 5,638 | 11,276 | $257,262 | |||||
2/21/2019(4) | 4,832 | $220,484 | |||||||
$63,000 | $315,000 | $472,500 | |||||||
David A. de Leon | 2/21/2019(2) | 863 | 1,726 | 3,452 | $80,000 | ||||
2/21/2019(3) | 863 | 1,726 | 3,452 | $78,757 | |||||
2/21/2019(4) | 1,479 | $67,487 | |||||||
$27,000 | $135,000 | $202,500 | |||||||
Terry L. Kouba | 2/21/2019(2) | 863 | 1,726 | 3,452 | $80,000 | ||||
2/21/2019(3) | 863 | 1,726 | 3,452 | $78,757 | |||||
2/21/2019(4) | 1,479 | $67,487 | |||||||
$27,000 | $135,000 | $202,500 | |||||||
Patricia L. Kampling(5) | 2/21/2019(2) | 13,213 | 26,425 | 52,850 | $1,224,799 | ||||
2/21/2019(3) | 13,213 | 26,425 | 52,850 | $1,205,773 | |||||
2/21/2019(4) | 22,650 | $1,033,520 | |||||||
$243,800 | $1,219,000 | $1,828,500 |
Stock Awards | |||||||||||||||||
Name | Number of Shares or Units of Stock That Have Not Vested (#)(1) | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(1) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) | |||||||||||||
John O. Larsen | 58,201 | $3,213,277 | (2) | ||||||||||||||
53,715 | $2,965,605 | (3) | |||||||||||||||
58,201 | $3,213,277 | (4) | |||||||||||||||
53,715 | $2,965,605 | (5) | |||||||||||||||
7,672 | $423,571 | (6) | |||||||||||||||
24,943 | $1,377,103 | (7) | |||||||||||||||
19,184 | $1,059,149 | (8) | |||||||||||||||
Robert J. Durian | 15,827 | $873,809 | (2) | ||||||||||||||
15,802 | $872,428 | (3) | |||||||||||||||
15,827 | $873,809 | (4) | |||||||||||||||
15,802 | $872,428 | (5) | |||||||||||||||
2,257 | $124,609 | (6) | |||||||||||||||
6,783 | $374,489 | (7) | |||||||||||||||
5,643 | $311,550 | (8) | |||||||||||||||
Michael S. Luhrs | 5,021 | $277,209 | (3) | ||||||||||||||
5,021 | $277,209 | (5) | |||||||||||||||
718 | $39,641 | (6) | |||||||||||||||
1,793 | $98,992 | (8) | |||||||||||||||
David A. de Leon | 5,020 | $277,154 | (2) | ||||||||||||||
5,433 | $299,956 | (3) | |||||||||||||||
5,020 | $277,154 | (4) | |||||||||||||||
5,433 | $299,956 | (5) | |||||||||||||||
775 | $42,788 | (6) | |||||||||||||||
2,151 | $118,757 | (7) | |||||||||||||||
1,940 | $107,107 | (8) | |||||||||||||||
Terry L. Kouba | 5,020 | $277,154 | (2) | ||||||||||||||
5,433 | $299,956 | (3) | |||||||||||||||
5,020 | $277,154 | (4) | |||||||||||||||
5,433 | $299,956 | (5) | |||||||||||||||
775 | $42,788 | (6) | |||||||||||||||
2,151 | $118,757 | (7) | |||||||||||||||
1,940 | $107,107 | (8) | |||||||||||||||
James H. Gallegos(9) | 12,163 | $671,519 | (2) | ||||||||||||||
2,766 | $152,711 | (3) | |||||||||||||||
12,163 | $671,519 | (4) | |||||||||||||||
2,766 | $152,711 | (5) | |||||||||||||||
395 | $21,808 | (6) | |||||||||||||||
5,213 | $287,810 | (7) | |||||||||||||||
988 | $54,547 | (8) | |||||||||||||||
Stock Awards | |||||
Name | Number of Shares or Units of Stock That Have Not Vested (#)(1) | Market Value of Shares or Units of Stock That Have Not Vested ($)(1) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)(1) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) | |
John O. Larsen | 13,136 | $718,802 | (2) | ||
36,222 | $1,982,068 | (3) | |||
13,136 | $718,802 | (4) | |||
36,222 | $1,982,068 | (5) | |||
5,629 | $308,019 | (6) | |||
15,524 | $849,473 | (7) | |||
Robert J. Durian | 16,336 | $893,906 | (2) | ||
14,099 | $771,497 | (3) | |||
16,336 | $893,906 | (4) | |||
14,099 | $771,497 | (5) | |||
7,001 | $383,095 | (6) | |||
6,043 | $330,673 | (7) | |||
James H. Gallegos | 13,374 | $731,825 | (2) | ||
11,516 | $630,156 | (3) | |||
13,374 | $731,825 | (4) | |||
11,516 | $630,156 | (5) | |||
5,731 | $313,600 | (6) | |||
4,935 | $270,043 | (7) | |||
David A. de Leon | 3,477 | $190,261 | (2) | ||
3,525 | $192,888 | (3) | |||
3,477 | $190,261 | (4) | |||
3,525 | $192,888 | (5) | |||
1,491 | $81,588 | (6) | |||
1,510 | $82,627 | (7) | |||
Terry L. Kouba | 3,612 | $197,649 | (2) | ||
3,525 | $192,888 | (3) | |||
3,612 | $197,649 | (4) | |||
3,525 | $192,888 | (5) | |||
1,548 | $84,707 | (6) | |||
1,510 | $82,627 | (7) | |||
Patricia L. Kampling(8) | 62,678 | $3,429,740 | (2) | ||
26,987 | $1,476,729 | (3) | |||
62,678 | $3,429,740 | (4) | |||
26,987 | $1,476,729 | (5) | |||
26,862 | $1,469,889 | (6) | |||
11,566 | $632,892 | (7) |
Stock Awards | |||||||||||
Name | Long-Term Equity Awards | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($)(1) | ||||||||
John O. Larsen | Performance Shares | 25,864 | $1,370,533 | ||||||||
Performance Restricted Stock Units | 43,838 | $2,322,976 | |||||||||
Restricted Stock Units | 18,787 | $1,037,230 | |||||||||
Robert J. Durian | Performance Shares | 7,573 | $401,293 | ||||||||
Performance Restricted Stock Units | 12,835 | $680,127 | |||||||||
Restricted Stock Units | 5,499 | $303,600 | |||||||||
Michael S. Luhrs | Performance Shares | 0 | $0 | ||||||||
Performance Restricted Stock Units | 0 | $0 | |||||||||
Restricted Stock Units | 0 | $0 | |||||||||
David A. de Leon | Performance Shares | 2,416 | $128,024 | ||||||||
Performance Restricted Stock Units | 4,095 | $216,994 | |||||||||
Restricted Stock Units | 1,755 | $96,894 | |||||||||
Terry L. Kouba | Performance Shares | 2,416 | $128,024 | ||||||||
Performance Restricted Stock Units | 4,095 | $216,994 | |||||||||
Restricted Stock Units | 1,755 | $96,894 | |||||||||
James H. Gallegos | Performance Shares | 5,934 | $314,443 | ||||||||
Performance Restricted Stock Units | 10,057 | $532,920 | |||||||||
Restricted Stock Units | 4,310 | $237,955 | |||||||||
Stock Awards | |||
Name | Long-Term Equity Awards | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($)(1)(2)(3) |
John O. Larsen | Performance Shares | 5,691 | $305,208 |
Performance Restricted Stock Units | 7,344 | $437,482 | |
Restricted Stock Units | 3,147 | $172,204 | |
Robert J. Durian | Performance Shares | 12,013 | $644,257 |
Performance Restricted Stock Units | 15,501 | $923,395 | |
Restricted Stock Units | 6,643 | $363,505 | |
James H. Gallegos | Performance Shares | 8,676 | $465,294 |
Performance Restricted Stock Units | 11,195 | $666,886 | |
Restricted Stock Units | 4,798 | $262,547 | |
David A. de Leon | Performance Shares | 2,620 | $140,511 |
Performance Restricted Stock Units | 3,381 | $201,406 | |
Restricted Stock Units | 1,448 | $79,235 | |
Terry L. Kouba | Performance Shares | 2,761 | $148,072 |
Performance Restricted Stock Units | 3,562 | $212,188 | |
Restricted Stock Units | 1,526 | $83,503 | |
Patricia L. Kampling | Performance Shares | 46,824 | $2,511,171 |
Performance Restricted Stock Units | 60,419 | $3,599,160 | |
Restricted Stock Units | 25,893 | $1,416,865 |
Name | Plan Name | Number of Years Credited Service (#)(3) | Present Value of Accumulated Benefit ($)(4) | Payments During 2022 ( $ ) | ||||||||||
John O. Larsen | Cash Balance Pension Plan | 20.5 | $503,000 | |||||||||||
Excess Retirement Plan | 34.9 | $357,000 | ||||||||||||
DB SRP | 34.9 | $11,842,000 | ||||||||||||
Total | $12,702,000 | $0 | ||||||||||||
Robert J. Durian(1) | Cash Balance Pension Plan | 15.9 | $147,000 | |||||||||||
Excess Retirement Plan | 30.3 | $199,000 | ||||||||||||
DB SRP | N/A | N/A | ||||||||||||
Total | $346,000 | $0 | ||||||||||||
Michael S. Luhrs(1) | Cash Balance Pension Plan | N/A | N/A | |||||||||||
Excess Retirement Plan | N/A | N/A | ||||||||||||
DB SRP | N/A | N/A | ||||||||||||
Total | $0 | $0 | ||||||||||||
David A. de Leon(1) | Cash Balance Pension Plan | 21.2 | $352,000 | |||||||||||
Excess Retirement Plan | 35.6 | $19,000 | ||||||||||||
DB SRP | N/A | N/A | ||||||||||||
Total | $371,000 | $0 | ||||||||||||
Terry L. Kouba(1) | Cash Balance Pension Plan | 27.4 | $560,000 | |||||||||||
Excess Retirement Plan | 41.8 | $40,000 | ||||||||||||
DB SRP | N/A | N/A | ||||||||||||
Total | $600,000 | $0 | ||||||||||||
James H. Gallegos(2) | Cash Balance Pension Plan | N/A | N/A | |||||||||||
Excess Retirement Plan | 11.5 | $123,951 | $ | 29,559 | ||||||||||
DB SRP | N/A | N/A | ||||||||||||
Total | $123,951 | $ | 29,559 | |||||||||||
Name | Plan Name | Number of Years Credited Service (#)(3) | Present Value of Accumulated Benefit ($)(4) | Payments During 2019 ( $ ) |
John O. Larsen | Cash Balance Pension Plan | 20.5 | $661,000 | $0 |
Excess Retirement Plan | 31.9 | $250,000 | $0 | |
DB SRP | 31.9 | $5,664,000 | $0 | |
Total | $6,575,000 | $0 | ||
Robert J. Durian(1) | Cash Balance Pension Plan | 15.9 | $169,000 | $0 |
Excess Retirement Plan | 27.3 | $171,000 | $0 | |
DB SRP | N/A | N/A | $0 | |
Total | $340,000 | $0 | ||
James H. Gallegos(2) | Cash Balance Pension Plan | N/A | N/A | $0 |
Excess Retirement Plan | 9.2 | $115,000 | $0 | |
DB SRP | N/A | N/A | $0 | |
Total | $115,000 | $0 | ||
David A. de Leon(1) | Cash Balance Pension Plan | 21.2 | $423,000 | $0 |
Excess Retirement Plan | 32.6 | $1,000 | $0 | |
DB SRP | N/A | N/A | $0 | |
Total | $424,000 | $0 | ||
Terry L. Kouba(1) | Cash Balance Pension Plan | 27.4 | $675,000 | $0 |
Excess Retirement Plan | 38.8 | $22,000 | $0 | |
DB SRP | N/A | N/A | $0 | |
Total | $697,000 | $0 | ||
Patricia L. Kampling | Cash Balance Pension Plan | $0 | $58,668 | |
Excess Retirement Plan | $484,000 | $0 | ||
DB SRP | $11,780,000 | $0 | ||
Total | $12,264,000 | $58,668 |
Name | Executive Contributions in 2022 ($)(1) | Registrant Contributions in 2022 ($)(2) | Aggregate Earnings in 2022 ($)(3) | Aggregate Withdrawals/ Distributions in 2022 ($) | Aggregate Balance as of December 31, 2022 ($)(4) | ||||||||||||
John O. Larsen | $21,650 | $12,806 | $(180,371) | $0 | $1,991,742 | ||||||||||||
Robert J. Durian | $60,481 | $13,942 | $(383,470) | $0 | $2,109,763 | ||||||||||||
Michael S. Luhrs | $0 | $0 | $0 | $0 | $0 | ||||||||||||
David A. de Leon | $0 | $0 | $0 | $0 | $0 | ||||||||||||
Terry L. Kouba | $0 | $0 | $(115,722) | $0 | $470,157 | ||||||||||||
James H. Gallegos | $36,946 | $0 | $(126,095) | $586,624 | $0 | ||||||||||||
Name | Executive Contributions in 2019 ($)(1) | Registrant Contributions in 2019 ($)(2) | Aggregate Earnings in 2019 ($)(3) | Aggregate Withdrawals/ Distributions in 2019 ($) | Aggregate Balance as of December 31, 2019 ($)(4) |
John O. Larsen | $14,862 | $7,431 | $330,173 | $0 | $1,704,827 |
Robert J. Durian | $49,808 | $10,423 | $307,852 | $0 | $1,580,636 |
James H. Gallegos | $76,646 | $0 | $61,776 | $0 | $428,320 |
David A. de Leon | $0 | $0 | $0 | $0 | $0 |
Terry L. Kouba | $0 | $0 | $83,290 | $0 | $416,354 |
Patricia L. Kampling | $54,649 | $0 | $87,786 | $0 | $1,084,690 |
Name | Above-Market Interest on Deferred Compensation | ||||
John O. Larsen | $ | ||||
Robert J. Durian | $ | ||||
David A. de Leon | |||||
Terry L. Kouba | $ | ||||
$ |
Name | Reported for 2018 | Reported for 2017 |
John O. Larsen | $24,616 | $17,706 |
Robert J. Durian | $57,155 | $51,739 |
James H. Gallegos | $60,103 | $26,108 |
David A. de Leon | N/A | N/A |
Terry L. Kouba | N/A | N/A |
Patricia L. Kampling | $90,642 | $87,958 |
Name | Reported for 2021 | Reported for 2020 | ||||||
John O. Larsen | $32,452 | $29,077 | ||||||
Robert J. Durian | $68,947 | $65,419 | ||||||
Michael S. Luhrs | N/A | N/A | ||||||
David A. de Leon | N/A | N/A | ||||||
Terry L. Kouba | N/A | N/A | ||||||
James H. Gallegos | $56,536 | $43,427 | ||||||
John O. Larsen | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $1,090,000 | $0 | $7,170,020 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $13,051 | $0 | $67,169 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $2,436,252 | $2,436,252 | $592,742 | $2,436,252 | $592,742 | $592,742 | ||||||||||||||
Unearned Performance Restricted Stock Units | $3,301,172 | $3,301,172 | $1,635,928 | $3,301,172 | $1,635,928 | $1,635,928 | ||||||||||||||
Unearned Performance Shares | $3,089,386 | $3,089,386 | $1,565,314 | $3,089,386 | $1,565,314 | $1,565,314 | ||||||||||||||
Outplacement Services | $0 | $0 | $10,000 | $0 | $109,000 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $8,826,810 | $8,826,810 | $4,907,035 | $8,826,810 | $11,150,173 | $3,793,984 |
Robert J. Durian | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $610,000 | $0 | $2,196,000 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,484 | $0 | $38,508 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $686,039 | $686,039 | $169,146 | $686,039 | $169,146 | $169,146 | ||||||||||||||
Unearned Performance Restricted Stock Units | $935,368 | $935,368 | $457,470 | $935,368 | $457,470 | $457,470 | ||||||||||||||
Unearned Performance Shares | $873,091 | $873,091 | $436,656 | $873,091 | $436,656 | $436,656 | ||||||||||||||
Outplacement Services | $0 | $0 | $10,000 | $0 | $61,000 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $2,494,498 | $2,494,498 | $1,691,756 | $2,494,498 | $3,368,780 | $1,063,272 |
John O. Larsen | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination |
Triggered Payouts | ||||||
Cash Termination Payment | $0 | $0 | $900,000 | $0 | $3,600,000 | $0 |
Life, Medical, Dental Insurance Continuation | $0 | $0 | $12,630 | $0 | $106,620 | $0 |
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 |
Unearned Restricted Stock Units | $1,157,492 | $1,157,492 | $173,719 | $1,157,492 | $173,719 | $173,719 |
Unearned Performance Restricted Stock Units | $1,350,435 | $1,350,435 | $569,964 | $1,350,435 | $569,964 | $569,964 |
Unearned Performance Shares | $1,350,435 | $1,350,435 | $569,964 | $1,350,435 | $569,964 | $569,964 |
Outplacement Services | $0 | $0 | $10,000 | $0 | $90,000 | $0 |
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 |
Total Pre-Tax Benefit | $3,858,362 | $3,858,362 | $2,236,277 | $3,858,362 | $5,120,267 | $1,313,647 |
Robert J. Durian | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination |
Triggered Payouts | ||||||
Cash Termination Payment | $0 | $0 | $500,000 | $0 | $1,771,400 | $0 |
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,172 | $0 | $69,636 | $0 |
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 |
Unearned Restricted Stock Units | $713,768 | $713,768 | $71,929 | $713,768 | $71,929 | $71,929 |
Unearned Performance Restricted Stock Units | $832,729 | $832,729 | $426,542 | $832,729 | $426,542 | $426,542 |
Unearned Performance Shares | $832,729 | $832,729 | $426,542 | $832,729 | $426,542 | $426,542 |
Outplacement Services | $0 | $0 | $10,000 | $0 | $50,000 | $0 |
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 |
Total Pre-Tax Benefit | $2,379,226 | $2,379,226 | $1,443,185 | $2,379,226 | $2,826,049 | $925,013 |
Michael S. Luhrs | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $430,000 | $0 | $1,376,000 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $7,639 | $0 | $0 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $98,992 | $98,992 | $33,476 | $98,992 | $33,476 | $33,476 | ||||||||||||||
Unearned Performance Restricted Stock Units | $158,397 | $158,397 | $52,781 | $158,397 | $52,781 | $52,781 | ||||||||||||||
Unearned Performance Shares | $138,577 | $138,577 | $46,192 | $138,577 | $46,192 | $46,192 | ||||||||||||||
Outplacement Services | $0 | $0 | $10,000 | $0 | $43,000 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $395,966 | $395,966 | $580,088 | $395,966 | $1,561,449 | $132,449 |
David A. de Leon | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $430,000 | $0 | $1,376,000 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,484 | $0 | $43,230 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $225,864 | $225,864 | $56,449 | $225,864 | $56,449 | $56,449 | ||||||||||||||
Unearned Performance Restricted Stock Units | $309,949 | $309,949 | $149,509 | $309,949 | $149,509 | $149,509 | ||||||||||||||
Unearned Performance Shares | $288,527 | $288,527 | $142,387 | $288,527 | $142,387 | $142,387 | ||||||||||||||
Outplacement Services | $0 | $0 | $10,000 | $0 | $43,000 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $824,340 | $824,340 | $796,829 | $824,340 | $1,820,575 | $348,345 |
Terry L. Kouba | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $430,000 | $0 | $1,376,000 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,484 | $0 | $43,230 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $225,864 | $225,864 | $56,449 | $225,864 | $56,449 | $56,449 | ||||||||||||||
Unearned Performance Restricted Stock Units | $309,949 | $309,949 | $149,509 | $309,949 | $149,509 | $149,509 | ||||||||||||||
Unearned Performance Shares | $288,527 | $288,527 | $142,387 | $288,527 | $142,387 | $142,387 | ||||||||||||||
Outplacement Services | $0 | $0 | $10,000 | $0 | $43,000 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $824,340 | $824,340 | $796,829 | $824,340 | $1,820,575 | $348,345 |
James H. Gallegos | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination |
Triggered Payouts | ||||||
Cash Termination Payment | $0 | $0 | $525,000 | $0 | $1,746,000 | $0 |
Life, Medical, Dental Insurance Continuation | $0 | $0 | $7,362 | $0 | $71,416 | $0 |
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 |
Unearned Restricted Stock Units | $583,643 | $583,643 | $58,782 | $583,643 | $58,782 | $58,782 |
Unearned Performance Restricted Stock Units | $680,991 | $680,991 | $348,949 | $680,991 | $348,949 | $348,949 |
Unearned Performance Shares | $680,991 | $680,991 | $348,949 | $680,991 | $348,949 | $348,949 |
Outplacement Services | $0 | $0 | $10,000 | $0 | $52,500 | $0 |
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 |
Total Pre-Tax Benefit | $1,945,625 | $1,945,625 | $1,299,042 | $1,945,625 | $2,636,596 | $756,680 |
David A. de Leon | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination |
Triggered Payouts | ||||||
Cash Termination Payment | $0 | $0 | $300,000 | $0 | $870,000 | $0 |
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,172 | $0 | $81,664 | $0 |
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 |
Unearned Restricted Stock Units | $164,215 | $164,215 | $17,189 | $164,215 | $17,189 | $17,189 |
Unearned Performance Restricted Stock Units | $191,629 | $191,629 | $95,596 | $191,629 | $95,596 | $95,596 |
Unearned Performance Shares | $191,629 | $191,629 | $95,596 | $191,629 | $95,596 | $95,596 |
Outplacement Services | $0 | $0 | $10,000 | $0 | $30,000 | $0 |
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 |
Total Pre-Tax Benefit | $547,473 | $547,473 | $526,553 | $547,473 | $1,200,045 | $208,381 |
Terry L. Kouba | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination |
Triggered Payouts | ||||||
Cash Termination Payment | $0 | $0 | $300,000 | $0 | $870,000 | $0 |
Life, Medical, Dental Insurance Continuation | $0 | $0 | $8,172 | $0 | $81,664 | $0 |
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 |
Unearned Restricted Stock Units | $167,334 | $167,334 | $17,362 | $167,334 | $17,362 | $17,362 |
Unearned Performance Restricted Stock Units | $195,295 | $195,295 | $98,058 | $195,295 | $98,058 | $98,058 |
Unearned Performance Shares | $195,295 | $195,295 | $98,058 | $195,295 | $98,058 | $98,058 |
Outplacement Services | $0 | $0 | $10,000 | $0 | $30,000 | $0 |
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $10,000 | $0 |
Total Pre-Tax Benefit | $557,924 | $557,924 | $531,650 | $557,924 | $1,205,142 | $213,478 |
James H. Gallegos | Death | Disability | Involuntary Termination Without Cause | Retirement | Change in Control and Termination Without Cause or for Good Reason | Change in Control Without Termination | ||||||||||||||
Triggered Payouts | ||||||||||||||||||||
Cash Termination Payment | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Life, Medical, Dental Insurance Continuation | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Lump Sum SRP | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Unearned Restricted Stock Units | $0 | $0 | $0 | $342,357 | $0 | $0 | ||||||||||||||
Unearned Performance Restricted Stock Units | $0 | $0 | $0 | $422,964 | $0 | $0 | ||||||||||||||
Unearned Performance Shares | $0 | $0 | $0 | $412,087 | $0 | $0 | ||||||||||||||
Outplacement Services | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Legal and Accounting Advisor Services | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||
Total Pre-Tax Benefit | $0 | $0 | $0 | $1,177,408 | $0 | $0 |
Value of initial fixed $100 investment based on: | ||||||||||||||||||||||||||
Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(3) | Average Summary Compensation Table Total for non-PEO Named Executive Officers(2) | Average Compensation Actually Paid to non-PEO Named Executive Officers(3) | Alliant Total Shareholder Return(4) | Peer Group Total Shareholder Return(4) | Alliant Net Income (5) (Millions) | Alliant Adjusted EPS (6) | ||||||||||||||||||
2022 | $7,286,977 | $5,361,068 | $1,558,260 | $1,132,675 | $110.24 | $117.09 | $686 | $2.80 | ||||||||||||||||||
2021 | $10,449,260 | $10,185,275 | $1,630,049 | $2,208,076 | $119.13 | $115.76 | $674 | $2.65 | ||||||||||||||||||
2020 | $11,020,134 | $5,985,432 | $1,639,294 | $1,643,446 | $97.08 | $98.84 | $624 | $2.44 |
Name | 2022 | 2021 | 2020 | ||||||||
Robert J. Durian | X | X | X | ||||||||
James H. Gallegos | X | X | X | ||||||||
David A. de Leon | X | X | X | ||||||||
Terry L. Kouba | X | X | X | ||||||||
Michael S. Luhrs | X | N/A | N/A |
2022 | 2021 | 2020 | ||||||||||||||||||||||||
PEO ($) | Average non-PEO NEOs ($) | PEO ($) | Average non-PEO NEOs ($) | PEO ($) | Average non-PEO NEOs ($) | |||||||||||||||||||||
SCT Total | $7,286,977 | $1,558,260 | $10,449,260 | $1,630,049 | $11,020,134 | $1,639,294 | ||||||||||||||||||||
Less SCT Grant Date Fair Value of Equity Awards | ($4,193,783) | ($674,617) | ($3,776,810) | ($616,967) | ($3,502,151) | ($620,761) | ||||||||||||||||||||
Less SCT Change in Pension Value | ($3,707) | ($459) | ($3,746,424) | ($22,700) | ($5,010,781) | ($95,510) | ||||||||||||||||||||
Plus Pension Plan Service Cost During Applicable Year | $34,286 | $5,020 | $31,370 | $7,437 | $57,760 | $3,328 | ||||||||||||||||||||
+/- Change in Fair Value as of Year-End for Equity Awards Granted in Prior Fiscal Years that Remain Outstanding and Unvested at Year-End | ($1,452,296) | ($205,119) | $2,051,772 | $413,666 | $113,144 | $54,895 | ||||||||||||||||||||
+/- Change in Fair Value as of Vest Date for Equity Awards Granted in Any Prior Year That Vest During Applicable Year (Compared to Fair Value as of Prior Year-End) | ($455,355) | ($82,129) | ($91,169) | ($63,852) | $78,487 | $89,883 | ||||||||||||||||||||
+ Fair Value as of Year-End for Equity Awards Granted and that Remain Outstanding and Unvested at Year-End | $4,144,946 | $531,719 | $5,267,276 | $860,443 | $3,228,839 | $572,317 | ||||||||||||||||||||
Compensation Actually Paid | $5,361,068 | $1,132,675 | $10,185,275 | $2,208,076 | $5,985,432 | $1,643,446 |
Financial Metric | ||
Total Shareholder Return (TSR) | ||
Net Income | ||
Earnings Per Share (EPS) |
Proposal Two—ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS |
þ | The Board of Directors recommends a vote |
Proposal Three—ADVISORY VOTE TO APPROVE THE |
þ | The Board of Directors recommends a vote |
Plan Category | (A) Number of securities to be issued upon exercise of outstanding options, warrants and rights | (B) Weighted-average exercise price of outstanding options, warrants and rights | (C) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (A)) | |||||||||||||
Equity compensation plans approved by shareowners | 997,970 | (a) | $ | 41.80 | 6,407,528 | (b) | ||||||||||
Equity compensation plans not approved by shareowners (c) | N/A | N/A | N/A | (d) | ||||||||||||
997,970 | $ | 41.80 | 6,407,528 |
Component | 2018 | 2019 | Component | 2021 | 2022 | |||||
Audit Fees | $2,836,000 | $2,876,000 | Audit Fees | $2,422,000 | $2,742,000 | |||||
Audit-Related Fees | $150,000 | $173,000 | Audit-Related Fees | $138,000 | $156,000 | |||||
Tax Fees | $57,000 | $107,000 | Tax Fees | $21,000 | $33,000 | |||||
All Other Fees | $19,000 | $4,000 | All Other Fees | $7,000 | $13,000 |
Proposal Four—RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR |
þ | The Board of Directors recommends |
INFORMATION ABOUT THE ANNUAL MEETING AND VOTING |