Alliant Energy management check
LNT · Utilities · Electric Utilities · CEO Ms. Barton
Filings as of
3 good · 3 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $148, against $144 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.77 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.1% of net income$9.0m of reported pay in fiscal 2025, against $810.0m of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $0k sold in six months.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.9% a year over the last three fiscal years. Stock-based pay was 0.5% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Larsen, Ms. Barton. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Utilities.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 54 | 53 | |
| Pay for performance | 89 | 81 | |
| CEO cost | 46 | 50 | |
| Skin in the game | — | — | 45 |
| Dilution | 39 | 37 | |
| Stable leadership | 45 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electric Utilities, by management score. Alliant Energy is 17th of 30 in its sector.
- 30CEGConstellation Energy84
- 62VSTVistra Corp.79
- 143EIXEdison International72
- 145PPLPPL Corporation72
- 252EVRGEvergy64
- 254PEGPublic Service Enterprise Group64
- 270ETREntergy63
- 285LNTAlliant Energy62
- 338EXCExelon59
- 354ESEversource Energy58
Pay versus performance
From the proxy statement filed March 31, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Ms. Barton | $9.0m | $10.8m | $3.3m | $148 | $144 | $810.0m |
| 2024 | Ms. Barton | $7.0m | $8.5m | $3.2m | $130 | $129 | $690.0m |
| 2023 | Mr. Larsen | $9.7m | $7.2m | $2.6m | $109 | $108 | $703.0m |
| 2022 | Mr. Larsen | $7.3m | $5.4m | $1.6m | $114 | $118 | $686.0m |
| 2021 | Mr. Larsen | $10.4m | $10.2m | $1.6m | $123 | $117 | $674.0m |
The board says pay is tied most to Adjusted EPS. Its other key measures: Total Shareowner Return (TSR), Net Income, Earnings Per Share (EPS).
Insiders and the CEO's stake
Light activity: no buys, $0k sold in six months.
- SoldRobert J DurianEVP and CFO$7Aug 10, 2026
Leadership and governance on file
- Jan 8, 2026Leadership change8-K 5.02
- Dec 16, 2025Leadership change8-K 5.02
- Mar 10, 2025Leadership change8-K 5.02
- Feb 11, 2025Leadership change8-K 5.02
- Jul 15, 2024Leadership change8-K 5.02
- Mar 8, 2024Leadership change8-K 5.02
- Feb 13, 2024Leadership change8-K 5.02
- Oct 26, 2023Leadership change8-K 5.02
- Jul 14, 2023Leadership change8-K 5.02
- Jan 13, 2023Leadership change8-K 5.02
- Jan 4, 2023Leadership change8-K 5.02
- Feb 8, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 21, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.3bn returned to owners in buybacks and dividends, 65% of net income, and $73.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.7bn | $4.2bn | $4.0bn | $4.0bn | $4.4bn |
| Net income | $674.0m | $686.0m | $703.0m | $690.0m | $810.0m |
| Stock-based pay | $14.0m | $13.0m | $12.0m | $12.0m | $22.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $403.0m | $428.0m | $456.0m | $492.0m | $521.0m |
| Diluted shares | 251m | 251m | 253m | 257m | 258m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.