How Kivisto was paid
$4.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Nicole A. KivistoPresident and Chief Executive Officer | $925,000 | $2,600,313 | $1,169,200 | $67,865 | $49,874 | $4,812,252 |
| Jason L. VollmerChief Financial Officer | $611,000 | $944,686 | $579,228 | $1,938 | $135,274 | $2,272,126 |
| Garret SengerChief Utilities Officer | $513,692 | $425,031 | $382,234 | $50,821 | $59,649 | $1,431,427 |
| Anthony D. FotiChief Legal Officer and Corporate Secretary | $465,000 | $479,301 | $382,044 | — | $93,232 | $1,419,577 |
| Rob L. JohnsonPresident, WBI Energy, Inc. | $436,500 | $327,216 | $331,042 | — | $105,001 | $1,199,759 |
What changed and why
- $5.6MCEO total compensation decreased from $5,628,905 in 2024 to $4,812,252 in 2025 following the company's full year operating as a pure-play regulated energy business.
- 93%Nearly 93% of shares voted on the say-on-pay proposal supported the executive compensation program at the 2025 Annual Meeting.
- The Compensation Committee returned to granting a mix of performance share awards and restricted stock units in 2025.
- Adjusted Income from Continuing Operations served as the predominant performance metric linking compensation to performance for the 2025 executive incentive cash plan.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.