Form 4: WEC Energy Group Director Acquires Phantom Stock Units Through Deferred Compensation Plan

Director Cristina A. Garcia-Thomas acquired 239.7442 phantom stock units of WEC Energy Group through a deferred compensation plan.

Summary

• Cristina A. Garcia-Thomas, a director at WEC Energy Group, acquired 239.7442 phantom stock units on January 8, 2025.
• The acquisition was made through the company's Director's Deferred Compensation Plan (DDCP).
• These phantom stock units were acquired as a result of deferred director fees and are to be settled according to the terms of the plan.
• The price of the underlying common stock at the time of the transaction was $93.85.
• Following the transaction, Ms. Garcia-Thomas beneficially owns 7,561.3241 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with the company's performance.

Positives

• The acquisition of phantom stock units aligns director interests with the company's performance.
• The use of a deferred compensation plan is a common practice for directors.

Industry Context

The use of deferred compensation plans and phantom stock units is a common practice in corporate governance to align the interests of directors with the long-term performance of the company.

Comparison to Industry Standards

• Many publicly traded companies use deferred compensation plans for directors, often including phantom stock units.
• These plans are designed to incentivize directors to focus on long-term value creation.
• The specific terms of the WEC Energy Group plan are not detailed in this document, but the general structure is consistent with industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

phantom stock units, director compensation, deferred compensation plan, WEC Energy Group, insider trading, Form 4, equity securities