Black Hills (BKH) CEO pay: $8.3M actually paid in FY2025
$BKH · BLACK HILLS CORP /SD/Data through FY2025 — latest proxy filed 2026-03-18, checked for new filings 2026-08-21. Every number links to its source.
2.1× the tracked-company median CEO pay ($3.9M).
Pay vs. Performance (Compensation Actually Paid)
What the CEO was actually paid, by fiscal year
What $100 invested was worth, company vs peer group
Pay-vs-Performance table
| FY | CEO pay on paper | CEO pay actually earned | Other top execs (avg) | Value of $100 invested since FY2020 | Same, peer group since FY2020 | Net income |
|---|---|---|---|---|---|---|
| 2025 | $6.0M | $8.3M | $2.0M | $137.97 | $143.83 | $299.8M |
| 2024 | $5.8M | $5.2M | $935,342 | $90.09 | $127.32 | $283.7M |
| 2023 | $5.6M | $2.0M | $631,015 | $79.38 | $106.90 | $276.0M |
| 2022 | $4.5M | $4.5M | $1.2M | $99.15 | $117.09 | $270.8M |
| 2021 | $4.4M | $5.2M | $1.5M | $96.19 | $115.76 | $251.3M |
| 2020 | $4.2M | $3.1M | $1.0M | $80.92 | $98.84 | $242.8M |
Frequently asked
How much did the BKH CEO make in 2025?
$8,349,789 in Compensation Actually Paid (CAP) as BLACK HILLS CORP /SD/'s CEO (the filing reports this year's PEO pay without tagging which named executive it belongs to), updated 2026-03-18.
What is pay vs. performance (PvP)?
An SEC disclosure (Item 402(v), required since FY2022) linking named-executive pay to company total shareholder return (TSR) over up to 5 years.
What is Compensation Actually Paid (CAP)?
CAP starts from the Summary Compensation Table total and adjusts equity awards to fair value as of each year-end/vesting date, rather than grant-date value — see the glossary entry for the full walk-through.
Also on BKH: SEC & DOJ enforcement actions · CEO track-record ranking · Glossary