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Last updated: 4 June 2024 at 6:50pm EST

Susan Nestegard Net Worth




The estimated Net Worth of Susan K Nestegard is at least $7.93 Million dollars as of 27 December 2023. Ms. Nestegard owns over 8,105 units of Allete stock worth over $5,904,206 and over the last 21 years she sold ALE stock worth over $1,869,258. In addition, she makes $153,450 as Independent Director at Allete.

Ms. Nestegard ALE stock SEC Form 4 insiders trading

Susan has made over 8 trades of the Allete stock since 2011, according to the Form 4 filled with the SEC. Most recently she sold 8,105 units of ALE stock worth $257,577 on 27 December 2023.

The largest trade she's ever made was exercising 40,000 units of Allete stock on 23 January 2012 worth over $1,095,600. On average, Susan trades about 3,004 units every 89 days since 2003. As of 27 December 2023 she still owns at least 92,615 units of Allete stock.

You can see the complete history of Ms. Nestegard stock trades at the bottom of the page.





Susan Nestegard biography

Susan K. Nestegard serves as Independent Director of the Company. Ms. Nestegard has been, since July 2017, an advisor for True Wealth Ventures, a venture capital fund focusing on investments in women-led businesses in high-growth markets where women are the primary customers. She was president of global healthcare of Ecolab, Inc. (NYSE:ECL), a global supplier of water, hygiene, and energy services, from 2010 to 2012; executive vice president, global healthcare from 2008 to 2010; and senior vice president, research, development, and engineering, and chief technical officer from 2003 to 2008. Ms. Nestegard has more than 20 years of experience with 3M Company (NYSE:MMM) in product development and business unit management, driving revenue expansion through innovation. Also an individual innovator, Ms. Nestegard holds 26 patents in her name. Ms. Nestegard is a director and audit committee member of Hormel Foods, Inc. (NYSE:HRL). From 2013 to 2017, she served as a director of American Capital, Ltd, a private equity and global asset management company that merged, in 2017, into Ares Capital Corporation. From 2013 to 2017, Ms. Nestegard was also a director of Alcami Corporation, a pharmaceutical company based in Wilmington, North Carolina, and, in 2014, she served as the company's interim chief executive officer. Ms. Nestegard brings extensive experience in strategy development, innovation and disruptive technologies, and mergers and acquisitions. She has a demonstrated passion for supporting women in sciences and corporate leadership.

What is the salary of Susan Nestegard?

As the Independent Director of Allete, the total compensation of Susan Nestegard at Allete is $153,450. There are 17 executives at Allete getting paid more, with Alan Hodnik having the highest compensation of $4,706,010.



How old is Susan Nestegard?

Susan Nestegard is 59, she's been the Independent Director of Allete since 2018. There are 8 older and 11 younger executives at Allete. The oldest executive at Allete, Inc. is Kathryn Dindo, 70, who is the Independent Director.

What's Susan Nestegard's mailing address?

Susan's mailing address filed with the SEC is 1, Hormel Place, Austin, Mower County, Minnesota, 55912, United States.

Insiders trading at Allete

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.



What does Allete do?

ALLETE, Inc. engages in the provision of electric and natural gas utility services.



What does Allete's logo look like?

Allete, Inc. logo

Complete history of Ms. Nestegard stock trades at Allete, Ecolab, and Hormel Foods

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
27 Dec 2023 HRL Hormel Foods Corp. Susan K Nestegard
Sale 8,105 $31.78 $257,577
27 Dec 2023
92,615 ↗
4 Mar 2022 HRL Hormel Foods Corp. Susan K Nestegard
Sale 7,183 $51.43 $369,422
4 Mar 2022
96,615 ↗
11 Jun 2021 HRL Hormel Foods Corp. Susan K Nestegard
Sale 16,470 $48.51 $798,960
11 Jun 2021
90,900 ↗
10 Jun 2020 HRL Hormel Foods Corp. Susan K Nestegard
Option 13,200 $12.42 $163,944
10 Jun 2020
107,021 ↗
26 Mar 2019 HRL Hormel Foods Corp. Susan K Nestegard
Sale 10,000 $44.33 $443,300
26 Mar 2019
90,195 ↗
4 Dec 2018 HRL Hormel Foods Corp. Susan K Nestegard
Option 21,232 $9.55 $202,766
4 Dec 2018
100,902 ↗
23 Jan 2012 ECL Ecolab, Inc. Susan K Nestegard
CTO, V.P. - RD, and E
 Option 40,000 $27.39 $1,095,600
23 Jan 2012
53,737 ↗
20 May 2011 ECL Ecolab, Inc. Susan K Nestegard
CTO, V.P. - RD, and E
 Option 40,000 $24.55 $982,000
20 May 2011
40,000 ↗


Allete executives and stock owners

Allete executives and other stock owners filed with the SEC include: