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

Executive VP & General Counsel of WEC Energy Group, Margaret C. Kelsey, reports acquiring phantom stock units under the company's Nonqualified Retirement Savings Plan.

Summary

• Margaret C. Kelsey, Executive VP & General Counsel of WEC Energy Group, filed a Form 4 on March 7, 2025.
• The report details the acquisition of 708.8442 phantom stock units on March 5, 2025, under the WEC Energy Group, Inc. Nonqualified Retirement Savings Plan (NQRSP).
• The price of the transaction was $104.47 per unit.
• Following the reported transaction, Kelsey beneficially owns 5,263.4042 phantom stock units.
• These units are settled following the reporting person's retirement or other termination of employment.
• The reported holdings include phantom stock units accrued pursuant to a dividend reinvestment feature of the NQRSP.

Sentiment

Score: 7

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

Positives

• The acquisition of phantom stock units aligns the executive's interests with the long-term performance of the company.
• The dividend reinvestment feature of the NQRSP allows for further accumulation of phantom stock units.

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 incentivize performance and align executive interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns executive interests with shareholder value, potentially leading to better company performance.

Key Dates