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The charts on this page feature a breakdown of the total annual pay for the top executives at ALLETE INC as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. ALLETE INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. ALLETE INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Robert J. Adams
Retired Senior Vice President; and former CFO
Total Cash $358,172 Equity $328,297 Other $200,114 Total Compensation $886,583
Bethany M. Owen
Chair, President and CEO
Total Cash $1,352,598 Equity $797,313 Other $188,511 Total Compensation $2,338,422
Nicole R. Johnson
Vice President and President ALLETE Clean Energy
Total Cash $527,546 Equity $211,075 Other $67,707 Total Compensation $806,328
Steven W. Morris
Senior Vice President and CFO
Total Cash $611,261 Equity $234,767 Other $81,163 Total Compensation $927,191
Margaret A. Thickens
Vice President, Chief Legal Officer, and Corporate Secretary
Total Cash $577,295 Equity $187,578 Other $68,273 Total Compensation $833,146
Patrick L. Cutshall
Vice President and Corporate Treasurer
Total Cash $437,432 Equity $187,578 Other $64,618 Total Compensation $689,628
For its 2022 fiscal year, ALLETE INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Bethany M. Owen CEO Pay $2,338,422 Median Employee Pay $111,305 CEO Pay Ratio 21:1
For its 2022 fiscal year, ALLETE INC, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Barbara A. Nick Total Cash $189,625
Charlene A. Thomas Total Cash $191,500
Charles R. Matthews Total Cash $133,875
Douglas C. Neve Total Cash $194,000
George G. Goldfarb Total Cash $196,500
Heidi E. Jimmerson Total Cash $39,583
James J. Hoolihan Total Cash $185,000
Kathryn W. Dindo Total Cash $37,083
Madeleine W. Ludlow Total Cash $197,500
Robert P. Powers Total Cash $192,500
Susan K. Nestegard Total Cash $217,500

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.