Compensation Summary for J. Patrick Keyes as Executive VP & CFO of WEC

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation package for J. Patrick Keyes, who serves as Executive Vice President and Chief Financial Officer of WEC. It details his base salary, short-term performance award, and long-term equity award for 2012 and 2013, totaling $1,755,700. Mr. Keyes is also eligible for participation in the company's pension and retirement plans, as well as executive benefits such as financial planning, life insurance, and annual physicals, similar to other Executive Vice Presidents.

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EX-10.1 2 wec09302012ex101.htm WEC EXHIBIT 10.1 WEC 09.30.2012 EX 10.1


Exhibit 10.1

NAME
 
J. Patrick Keyes
POSITION
 
Executive VP & Chief Financial Officer
BASE SALARY
 
$
485,000

 
2012 STPP AWARD*
 
 
 
Target Award (75%)
 
$
363,750

 
2013 LONG-TERM EQUITY AWARD**
 
 
 
Theoretical Value
 
$
906,950

 
TOTAL VALUE OF PAY PROGRAM*
 
$
1,755,700

 
 
 
 
 
* Reflects post-promotion value
 
 
 
** Estimated value: Reflects post-promotion award based on today's market. This award consists of stock options, restricted stock,
   and performance units.
 
 
 
 
 
 
 
Note: Mr. Keyes is entitled to participate in the company's pension plan and other retirement plans. In addition, Mr. Keyes is eligible for
an executive financial planning benefit, executive life insurance and executive annual physical benefit on a basis commensurate with
other Executive Vice Presidents of the company.