Form 4: WEC Energy Group Director Acquires Phantom Stock Units
Insider Transaction Report
Danny L. Cunningham, a Director at WEC Energy Group, Inc., acquired 319.38 phantom stock units on April 7, 2026, as part of a director fee deferral plan.
Summary
- Danny L. Cunningham, a Director of WEC Energy Group, Inc. (WEC), acquired 319.38 phantom stock units on April 7, 2026.
- These units were acquired through a deferral of director fees, an action exempt from Section 16(b) under Rule 16b-3(d).
- The phantom stock units are part of the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP) and will be settled according to the plan's terms.
- The acquisition also includes units accrued through a dividend reinvestment feature of the DDCP, exempt under Rule 16a-11.
- Following these transactions, Cunningham beneficially owns 23,168.8741 phantom stock units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine insider transaction related to director compensation rather than a significant strategic or financial event.
Positives
- Director participation in deferred compensation plans indicates long-term alignment with company performance.
- Dividend reinvestment feature within the deferred compensation plan suggests a mechanism for compounding value for directors.
Future Outlook
The phantom stock units are to be settled in accordance with the terms of the WEC Energy Group, Inc. Director's Deferred Compensation Plan.
Industry Context
StockSavvy.ai notes that the use of phantom stock units and deferred compensation plans is a common practice among large-cap utility companies like WEC Energy Group to attract and retain experienced directors and align their interests with shareholders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Plan | Danny L. Cunningham acquired phantom stock units under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP). | 04/07/2026 | Demonstrates a standard mechanism for director compensation and retention, aligning director interests with long-term company value through equity-like instruments. |
| Dividend Reinvestment | Phantom stock units were accrued through a dividend reinvestment feature of the DDCP. | 04/07/2026 | Indicates that accrued compensation can grow through dividend payouts, enhancing the potential return for directors over time. |
Related Party Transactions
- Acquisition of phantom stock units by Director Danny L. Cunningham as a deferral of director fees.
Stakeholder Impact
- Shareholders: The transaction reflects standard director compensation practices, with no immediate direct financial impact but an indication of continued director engagement.
- Employees: No direct impact.
- Creditors: No direct impact.
- Suppliers: No direct impact.
- Customers: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 04/07/2026 | Earliest transaction date and acquisition date of phantom stock units. |
| 04/08/2026 | Date of signature for the filing. |
Keywords
WEC Energy Group, Form 4, Director, Phantom Stock Units, Deferred Compensation, Insider Transaction, SEC Filing, Equity
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