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

WEC Energy Group Director Thomas K. Lane acquired 362.95 phantom stock units on July 8, 2025, as part of a director fee deferral plan, increasing his total beneficial ownership to 14,594.3388 units.

Summary

• Thomas K. Lane, a Director of WEC Energy Group, Inc. (WEC), acquired 362.95 phantom stock units.
• The transaction occurred on July 8, 2025.
• These phantom stock units were acquired at a price of $103.32 per unit.
• The acquisition was pursuant to a deferral of director fees and is exempt from Section 16(b) under Rule 16b-3(d).
• The units were accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP) and are to be settled according to the plan's terms.
• The reported beneficial ownership of phantom stock units following this transaction is 14,594.3388 units.
• This total includes phantom stock units accrued via a dividend reinvestment feature of the DDCP, which are exempt from Section 16 under Rule 16a-11.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the transaction represents a routine compensation event that increases director alignment with shareholder interests through equity ownership.

Positives

• The acquisition of phantom stock units by a director increases their alignment with shareholder interests, as their compensation is tied to the company's stock performance.
• Participation in the Director's Deferred Compensation Plan (DDCP) demonstrates a commitment to long-term investment in the company.

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 (DDCP).

Industry Context

This filing is a routine disclosure of an insider transaction related to director compensation and does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock units by Director Thomas K. Lane from WEC Energy Group, Inc. constitutes a related party transaction, as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The transaction increases the director's beneficial ownership in the company, potentially enhancing alignment between management and shareholder interests.
• Director (Thomas K. Lane): Receives compensation in the form of phantom stock units, which are tied to the company's stock performance.

Next Steps

• Settlement of the phantom stock units in accordance with the terms of the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP).

Key Dates

Keywords

WEC Energy Group, WEC, Thomas K. Lane, SEC Form 4, Phantom Stock Units, Director Compensation, Deferred Compensation Plan, Insider Transaction, Beneficial Ownership