Form 4: WEC Energy Group Director Thomas K. Lane Reports Acquisition of Phantom Stock Units

Director Thomas K. Lane reports acquiring phantom stock units in WEC Energy Group through director fee deferral and dividend reinvestment.

Summary

• Thomas K. Lane, a director of WEC Energy Group, reported acquiring 396.2593 phantom stock units on October 8, 2024.
• The acquisition was made through a deferral of director fees and dividend reinvestment under the company's Director's Deferred Compensation Plan (DDCP).
• The price of the phantom stock units was $94.635.
• Following the transaction, Lane beneficially owns 11,188.4393 phantom stock units.
• The phantom stock units are to be settled in accordance with the terms of the DDCP.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition of phantom stock units through director fee deferral aligns the director's interests with those of the shareholders.
• Dividend reinvestment further increases the director's stake in the company.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates