Form 4: WEC Energy Director Expands Stake via Deferred Compensation

WEC Energy Group Director Danny L Cunningham acquired 354.1327 phantom stock units through a deferred compensation plan, increasing his total beneficial ownership to 22,664.1549 units.

Summary

• Danny L Cunningham, a Director of WEC Energy Group, Inc. (WEC), acquired 354.1327 phantom stock units.
• The transaction occurred on January 8, 2026, at a price of $105.8925 per unit.
• These phantom stock units were acquired pursuant to a deferral of director fees under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP).
• The acquisition is exempt from Section 16(b) pursuant to Rule 16b-3(d).
• Following this transaction, Danny L Cunningham beneficially owns a total of 22,664.1549 phantom stock units.
• The total beneficial ownership includes phantom stock units accrued through a dividend reinvestment feature of the DDCP, which are exempt from Section 16 pursuant to Rule 16a-11.
• The phantom stock units are convertible on a one-for-one basis into Common Stock and are to be settled in accordance with the terms of the DDCP.

Sentiment

Score: 7

Explanation: The acquisition of additional phantom stock units by a director, even through a deferred compensation plan, indicates continued alignment with shareholder interests and confidence in the company's long-term performance.

Positives

• The Director's beneficial ownership of WEC Energy Group phantom stock units increased by 354.1327 units, demonstrating continued alignment with shareholder interests.
• The acquisition through a deferred compensation plan indicates the Director's commitment to long-term participation in the company's equity.

Negatives

• The acquisition was not an open market purchase, meaning it does not reflect a direct cash investment decision by the director at the time of the transaction.

Future Outlook

NA

Industry Context

This is an individual insider transaction and does not directly relate to broader industry trends or competitors. It reflects an internal compensation arrangement for a director.

Stakeholder Impact

• Shareholders may view the director's increased beneficial ownership as a positive sign of management's commitment and alignment with their interests.

Key Dates

Recommendation

The Form 4 indicates a director's increased beneficial ownership through a deferred compensation plan, which is a positive sign of alignment with shareholder interests. However, it is not an open market purchase, so it does not necessarily signal a new investment decision. This transaction alone is insufficient to warrant a change from a 'hold' recommendation, but it reinforces confidence in management's long-term commitment.

Keywords

WEC Energy Group, WEC, Danny L Cunningham, Form 4, insider transaction, phantom stock units, deferred compensation, director fees, beneficial ownership