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Alliant Energy Executive Compensation (FY25)

LNT · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
384 figures on this page: 373 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Total compensation for Lisa Barton, President and Chief Executive Officer, came to $8,999,073 in fiscal 2025, and Barton's total was 29.1% higher than the $6,971,735 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 51:1, against median employee compensation of $177,645. The say-on-pay proposal drew 95.7% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025. The disclosed peer group includes Ameren Corporation, Atmos Energy Corporation, Avista Corporation, Black Hills Corporation and CenterPoint Energy, Inc., among others.
Chief executive, fiscal 2025
◇
Lisa Barton
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Lisa Barton: $6,971,735 → $8,999,073 (29.1% higher)
Say-on-pay support: 96.4% → 95.7% (0.7 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Alliant Energy's chief executive and what were they paid?
Total compensation for Lisa Barton, President and Chief Executive Officer, came to $8,999,073 in fiscal 2025. Barton's total was 29.1% higher than the $6,971,735 reported for fiscal 2024.
What was Alliant Energy's say-on-pay result?
The say-on-pay proposal drew 95.7% of votes cast for or against in favor at the meeting held May 20, 2026 for fiscal 2025.
Which companies are in Alliant Energy's peer group?
The disclosed peer group includes Ameren Corporation, Atmos Energy Corporation, Avista Corporation, Black Hills Corporation and CenterPoint Energy, Inc., among others.
What is Alliant Energy's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 51:1, against median employee compensation of $177,645.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Larsen
Board Chair and Chief Executive Officer of Alliant Energy; Board Chair of IPL and WPL
◇—◇—◇◇◇◇
Robert Durian
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Michael Luhrs
Senior Vice President
◇—◇—◇—◇◇
James Gallegos
Former Executive Vice President, General Counsel and Corporate Secretary
Departed during or after this year
◇—◇—◇◇◇◇
David de Leon
Senior Vice President and President of WPL
◇—◇—◇—◇◇
Terry Kouba
Senior Vice President and President of IPL
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Larsen
Board Chair and Chief Executive Officer of Alliant Energy; Board Chair of IPL and WPL
◇—◇—◇◇◇◇
Lisa Barton
President and Chief Operating Officer of Alliant Energy; Chief Executive Officer of IPL and WPL
◇◇◇—◇◇◇◇
Robert Durian
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Raja Sundararajan
Executive Vice President
◇—◇—◇—◇◇
David de Leon
Senior Vice President and President of WPL
◇—◇—◇◇◇◇
Terry Kouba
Senior Vice President and President of IPL
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Barton
President and Chief Executive Officer of Alliant Energy; Chief Executive Officer of IPL and WPL
◇—◇—◇◇◇◇
John Larsen
Executive Chairman and Chairman of the Board
◇—◇—◇◇◇◇
Robert Durian
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Raja Sundararajan
Executive Vice President
◇—◇—◇—◇◇
David de Leon
Senior Vice President; President of WPL
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Barton
President and Chief Executive Officer
◇—◇—◇◇◇◇
Antonio Smyth
Executive Vice President
◇◇◇—◇—◇◇
Robert Durian
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Raja Sundararajan
Executive Vice President and Chief Strategy Officer
◇—◇—◇—◇◇
David de Leon
Senior Vice President
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Antonio SmythRSU◇——◇——◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythRSU◇——◇——◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythPSU◇◇◇—◇—◇
Antonio SmythRSU◇——◇——◇
Antonio SmythPSU◇◇◇—◇—◇
David de LeonRSU◇——◇——◇
David de LeonPSU◇◇◇—◇—◇
David de LeonPSU◇◇◇—◇—◇
David de LeonPSU◇◇◇—◇—◇
Lisa BartonPSU◇◇◇—◇—◇
Lisa BartonPSU◇◇◇—◇—◇
Lisa BartonPSU◇◇◇—◇—◇
Lisa BartonRSU◇——◇——◇
Raja SundararajanPSU◇◇◇—◇—◇
Raja SundararajanPSU◇◇◇—◇—◇
Raja SundararajanPSU◇◇◇—◇—◇
Raja SundararajanRSU◇——◇——◇
Robert DurianRSU◇——◇——◇
Robert DurianPSU◇◇◇—◇—◇
Robert DurianPSU◇◇◇—◇—◇
Robert DurianPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Antonio SmythRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Lisa BartonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Raja SundararajanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David de LeonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert DurianRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Allen
Board chair
◇—————◇
Carol Sanders
◇———◇◇◇
Joy Falotico
◇—————◇
Michael Garcia
◇—————◇
Stephanie Cox
◇—————◇
Thomas O'Toole
◇———◇—◇
Christie Raymond
◇—————◇
Roger Newport
◇————◇◇
Ignacio Cortina
◇—————◇
John Larsen
◇———◇◇◇
Lisa Barton and Manu Asthana served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Ameren Corporation AEE
  • Atmos Energy Corporation ATO
  • Avista Corporation AVA
  • Black Hills Corporation BKH
  • CenterPoint Energy, Inc. CNP
  • CMS Energy Corporation CMS
  • Evergy, Inc. EVRG
  • Eversource Energy ES
  • Hawaiian Electric Industries, Inc. HE
  • IDACORP, Inc. IDA
  • MDU Resources Group, Inc. MDU
  • NiSource Inc. NI
  • OGE Energy Corporation OGE
  • Pinnacle West Capital Corporation PNW
  • Portland General Electric Co. POR
  • PPL Corp PPL
  • Public Service Enterprise Group PEG
  • Southwest Gas Holdings Inc SWX
  • TXNM Energy, Inc. TXNM
  • WEC Energy Group, Inc. WEC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 16, 2025=◇◇◇
2023May 17, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 23, 2017=◇◇◇
2015May 13, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Alliant Energy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Alliant Energy sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
384 figures on this page: 373 cited to the filing that reported them, 11 calculated from figures it prints.
373 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000352541-26-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000352541-26-000025
    2025 DIRECTOR COMPENSATION · 2025 Director Compensation · 2025 GRANTS OF PLAN-BASED AWARDS · 2025 Grants of Plan-Based Awards · and 3 more sections
  3. 0000352541-25-000055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000352541-25-000036
    SUMMARY COMPENSATION TABLE
  5. 0000352541-24-000064
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000352541-24-000038
    SUMMARY COMPENSATION TABLE
  7. 0000352541-23-000061
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000352541-23-000042
    SUMMARY COMPENSATION TABLE
  9. 0000352541-22-000060
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000352541-21-000058
  11. 0000352541-20-000068
  12. 0000352541-19-000059
  13. 0000352541-18-000056
  14. 0000352541-17-000063
  15. 0000352541-16-000129
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Velarion, “Alliant Energy executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LNT (accessed 2026).
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Alliant Energy discloses

The companies named in LNT's own disclosed peer group.

Ameren CorporationAvista CorporationBlack Hills CorporationCenterPoint Energy, Inc.CMS Energy CorporationEvergy, Inc.Eversource EnergyHawaiian Electric Industries, Inc.IDACORP, Inc.NiSource Inc.OGE Energy CorporationPinnacle West Capital CorporationPortland General Electric Co.PPL CorpPublic Service Enterprise GroupTXNM Energy, Inc.WEC Energy Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy