Xcel Energy Management

Management criteria checks 2/4

Xcel Energy's CEO is Bob Frenzel, appointed in Mar 2020, has a tenure of 4.08 years. total yearly compensation is $21.36M, comprised of 6.1% salary and 93.9% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $7.86M. The average tenure of the management team and the board of directors is 2.2 years and 4.9 years respectively.

Key information

Bob Frenzel

Chief executive officer

US$21.4m

Total compensation

CEO salary percentage	6.1%
CEO tenure	4.1yrs
CEO ownership	0.03%
Management average tenure	2.2yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob Frenzel's remuneration changed compared to Xcel Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$21m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$8m	US$931k	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$4m	US$731k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$3m	US$650k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$3m	US$650k	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$3m	US$625k	US$1b

Compensation vs Market: Bob's total compensation ($USD21.36M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Bob's compensation has increased by more than 20% in the past year.

CEO

Bob Frenzel (52 yo)

4.1yrs

Tenure

US$21,357,168

Compensation

Mr. Robert C. Frenzel, also known as Bob, is President, Chief Executive Officer & Chairman of Xcel Energy Inc. from December 31, 2021. He joined the Xcel Energy Inc. on May 03, 2016. He was President, CEO...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Frenzel	President	4.1yrs	US$21.36m	0.026% $ 7.9m
Brian Van Abel	Executive VP	4.1yrs	US$4.60m	0.0092% $ 2.8m
Timothy O'Connor	Executive VP & COO	2.7yrs	US$4.16m	0.0032% $ 947.4k
Patricia Correa	Senior VP	2.2yrs	US$2.49m	0.00021% $ 63.0k
Amanda Rome	Executive VP	less than a year	US$3.41m	0.0049% $ 1.5m
Tim Peterson	Senior VP & CTO	no data	no data	no data
Paul Johnson	VP of Investor Relations & Treasurer	no data	no data	no data
Ryan Long	President of Minnesota	less than a year	no data	no data
Justin Tomljanovic	Vice President of Corporate Development	no data	no data	no data
Jeffrey Savage	Senior VP and Chief Audit & Financial Services Officer	2.1yrs	no data	no data
Alice Jackson	Senior VP of System Strategy & Chief Planning Officer	1.9yrs	no data	no data
James Sample	VP & Chief Security Officer	4.3yrs	no data	no data

2.2yrs

Average Tenure

50yo

Average Age

Experienced Management: 0M1R's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Frenzel	President	2.9yrs	US$21.36m	0.026% $ 7.9m
Patricia Kampling	Independent Director	3.7yrs	US$309.80k	0.00067% $ 200.9k
Daniel Yohannes	Independent Director	7.1yrs	US$295.00k	0.0015% $ 461.7k
Richard O'Brien	Independent Director	11.7yrs	US$346.37k	0.0021% $ 614.6k
James Prokopanko	Independent Director	8.7yrs	US$305.00k	0.00018% $ 54.0k
Christopher Policinski	Independent Director	14.3yrs	US$347.63k	0.00036% $ 107.9k
Kim Williams	Lead Independent Director	14.3yrs	US$318.13k	0.0019% $ 554.7k
Charles Pardee	Independent Director	3.8yrs	US$351.25k	0.0011% $ 344.8k
Netha Johnson	Independent Director	4.1yrs	US$291.04k	0.00010% $ 30.0k
George Kehl	Independent Director	4.1yrs	US$316.15k	0.00010% $ 30.0k
Lynn Casey	Independent Director	5.7yrs	US$315.25k	0.00020% $ 60.0k
Megan Burkhart	Independent Director	1.8yrs	US$327.25k	0.0017% $ 500.7k

4.9yrs

Average Tenure

64yo

Average Age

Experienced Board: 0M1R's board of directors are considered experienced (4.9 years average tenure).

Xcel Energy Management

Management criteria checks 2/4

Key information

Recent management updates

Xcel Energy Inc., Annual General Meeting, May 22, 2024

Xcel Energy Inc. Announces Executive Changes Effective Jan. 1, 2024

Xcel Energy Announces Executive Changes, Effective on December 15, 2023

Executive VP & COO recently sold US$1.1m worth of stock

Insider recently sold US$78k worth of stock

High number of new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.88 (vs US$0.76 in 1Q 2023)

Xcel Energy Inc., Annual General Meeting, May 22, 2024

Xcel Energy Inc. to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.55 per share

Investor sentiment deteriorates as stock falls 17%

Fourth quarter dividend of US$0.55 announced

Full year 2023 earnings released: EPS: US$3.21 (vs US$3.17 in FY 2022)

Full year 2023 earnings released: EPS: US$3.21 (vs US$3.17 in FY 2022)

Xcel Energy Inc. Reaffirms Earnings Guidance for 2024

Upcoming dividend of US$0.52 per share at 3.3% yield

Xcel Energy Inc. Announces Executive Changes Effective Jan. 1, 2024

Xcel Energy Inc. has filed a Follow-on Equity Offering in the amount of $2.5 billion.

Xcel Energy Inc. Narrows Earnings Guidance for 2023

Xcel Energy Inc. Narrows Earnings Guidance for 2023

Third quarter 2023 earnings released: EPS: US$1.19 (vs US$1.18 in 3Q 2022)

Xcel Energy Receives $100 Million Department of Energy Grant to Boost Wildfire Mitigation and Grid Resiliency

Xcel Energy, Heartland Hydrogen Hub Selects for Up to $925 Million Federal Award

Xcel Energy Inc. to Report Q3, 2023 Results on Oct 27, 2023

Xcel Energy Announces Executive Changes, Effective on December 15, 2023

Department of Energy Awards Xcel Energy up to $70 Million for Long Duration Energy Storage

Upcoming dividend of US$0.52 per share at 3.7% yield

Xcel Energy Inc. Declares Dividend on Common Stock, Payable on October 20, 2023

Xcel Energy Inc. Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.52 (vs US$0.60 in 2Q 2022)

Xcel Energy Inc. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.52 per share at 3.3% yield

Executive VP & COO recently sold US$1.1m worth of stock

First quarter 2023 earnings released: EPS: US$0.76 (vs US$0.70 in 1Q 2022)

Upcoming dividend of US$0.52 per share at 3.2% yield

Full year 2022 earnings released: EPS: US$3.17 (vs US$2.96 in FY 2021)

Xcel Energy Inc. Reaffirms Earnings Guidance for the Year 2023

Full year 2022 earnings released: EPS: US$3.17 (vs US$2.96 in FY 2021)

Xcel Energy Inc. to Report Fiscal Year 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.49 per share

Xcel Energy Inc. Board Declares Dividend on Common Stock, Payable on January 20, 2023

Insider recently sold US$78k worth of stock

High number of new directors

Xcel Energy Inc. Provides Earnings Guidance for the Full Year 2023

Third quarter 2022 earnings released: EPS: US$1.18 (vs US$1.13 in 3Q 2021)

Xcel Energy Inc. to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.49 per share

Xcel Energy Inc. Declares Dividend on Common Stock, Payable on October 20, 2022

Xcel Energy Inc. Reaffirms Earnings Guidance for 2022

Second quarter 2022 earnings released: EPS: US$0.60 (vs US$0.58 in 2Q 2021)

Xcel Energy Inc. to Report Q2, 2022 Results on Jul 28, 2022

Xcel Energy Inc. Elects Megan Burkhart as New Board Member and Audit Committee and Governance, Compensation and Nominating Committee

Upcoming dividend of US$0.49 per share

High number of new directors

Executive VP recently sold US$1.0m worth of stock

Xcel Energy Inc. Board Declares Dividend on Common Stock, Payable on July 20, 2022

Xcel Energy Announces Management Changes

Senior Vice President of Strategy recently sold US$74k worth of stock

First quarter 2022 earnings released: EPS: US$0.70 (vs US$0.67 in 1Q 2021)

Xcel Energy Inc., Annual General Meeting, May 18, 2022

Xcel Energy Inc. to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.49 per share

Brian Van Abel to Serve as Principal Accounting Officer of Xcel Energy Inc

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Xcel Energy Inc. Increases Quarterly Dividend, Payable April 20, 2022

Xcel Energy Inc. Raises Annual Dividend for the Year

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Executive Chairman recently sold US$3.4m worth of stock

Upcoming dividend of US$0.46 per share

Xcel Energy Inc. Provides Earnings Guidance for the Year 2022

Insider recently sold US$203k worth of stock

Third quarter 2021 earnings released: EPS US$1.13 (vs US$1.15 in 3Q 2020)

Upcoming dividend of US$0.46 per share

Executive Chairman recently sold US$3.8m worth of stock

Insider recently sold US$119k worth of stock