Form 4: WEC Energy Group EVP and CFO Reports Acquisition of Phantom Stock Units

Xia Liu, EVP and CFO of WEC Energy Group, reports acquiring phantom stock units under the company's Nonqualified Retirement Savings Plan.

Summary

• On March 5, 2024, Xia Liu, the EVP and CFO of WEC Energy Group, acquired 1,286.9859 phantom stock units.
• The acquisition was made under the WEC Energy Group, Inc. Nonqualified Retirement Savings Plan (NQRSP).
• The price per share was $79.73.
• Following the transaction, Liu directly owns 3,282.8909 phantom stock units.
• These phantom stock units are settled following the reporting person's retirement or other termination of employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by an executive is generally a good sign, indicating confidence in the company's future. However, it's a routine transaction.

Positives

• The acquisition of phantom stock units by a high-ranking executive signals confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled following the reporting person's retirement or other termination of employment.

Industry Context

Executive compensation through equity-based awards like phantom stock units is a common practice in the energy industry to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of phantom stock units aligns the executive's interests with those of the shareholders.

Key Dates