Form 4: WEC Energy Group Executive Margaret C. Kelsey Reports Acquisition of Phantom Stock Units

Executive VP & General Counsel Margaret C. Kelsey reports the acquisition of phantom stock units in WEC Energy Group, Inc.

Summary

• Margaret C. Kelsey, Executive VP & General Counsel of WEC Energy Group, Inc., filed a Form 4 indicating changes in beneficial ownership.
• On March 5, 2024, Kelsey acquired 888.6678 phantom stock units at a price of $79.73.
• Following the transaction, Kelsey beneficially owns 4,395.0148 phantom stock units.
• These phantom stock units were accrued under the WEC Energy Group, Inc. Nonqualified Retirement Savings Plan (NQRSP) and will be settled upon termination of employment.
• The report also includes phantom stock units accrued through dividend reinvestment under Rule 16a-11.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's long-term performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates