The estimated Net Worth of Robert P Powers is at least $2.47 Million dollars as of 1 May 2017. Mr. Powers owns over 10,696 units of Allete stock worth over $167,663 and over the last 21 years he sold ALE stock worth over $2,142,132. In addition, he makes $160,950 as Independent Director at Allete.
Robert has made over 16 trades of the Allete stock since 2005, according to the Form 4 filled with the SEC. Most recently he exercised 10,696 units of ALE stock worth $723,477 on 1 May 2017.
The largest trade he's ever made was exercising 133,300 units of Allete stock on 1 May 2007 worth over $5,326,668. On average, Robert trades about 8,657 units every 106 days since 2003. As of 1 May 2017 he still owns at least 2,630 units of Allete stock.
You can see the complete history of Mr. Powers stock trades at the bottom of the page.
Robert P. Powers serves as Independent Director of the Company. Mr. Powers retired in August 2017 as vice chair and senior advisor to the chairman and chief executive officer of American Electric Power Company (NYSE:AEP), one of the largest electric utilities in the United States with more than five million customers in eleven states. Mr. Powers held numerous leadership positions at AEP prior to becoming vice chair in January 2017, including executive vice president and chief operating officer of AEP from 2010 to December 2016; president of AEP utilities from 2008 to 2010; executive vice president of AEP east utilities from 2006 to 2008; and executive vice president of generation from 2003 to 2006. Mr. Powers also spent 16 years with Pacific Gas and Electric Company, rising to site vice president and plant manager at the Diablo Canyon Nuclear Generating Station, and six years with the Tennessee Valley Authority as a health physicist. Mr. Powers is a longtime, active member of EEI and the former chair of the Center for Energy Workforce Development, an organization focused on recruiting technical talent to utilities. He also serves on the board of the James Foundation of Ohio State University's James Cancer Hospital.
As the Independent Director of Allete, the total compensation of Robert Powers at Allete is $160,950. There are 14 executives at Allete getting paid more, with Alan Hodnik having the highest compensation of $4,706,010.
Robert Powers is 65, he's been the Independent Director of Allete since 2017. There are 2 older and 17 younger executives at Allete. The oldest executive at Allete, Inc. is Kathryn Dindo, 70, who is the Independent Director.
Robert's mailing address filed with the SEC is 321 FOREST STREET, , DENVER, CO, 80220.
Over the last 22 years, insiders at Allete have traded over $8,451,455 worth of Allete stock and bought 7,374 units worth $240,357 . The most active insiders traders include James P Hallett, Sidney W Jr Emery, and Robert P Powers. On average, Allete executives and independent directors trade stock every 45 days with the average trade being worth of $242,633. The most recent stock trade was executed by Heidi E Jimmerson on 19 August 2021, trading 3,253 units of ALE stock currently worth $226,084.
ALLETE, Inc. engages in the provision of electric and natural gas utility services.
Allete executives and other stock owners filed with the SEC include: