Form 4: WEC Energy Group Executive Vice President Sells Shares to Cover Tax Obligations

Robert M. Garvin, an Executive Vice President at WEC Energy Group, sold 334 shares of common stock to cover tax obligations.

Summary

• Robert M. Garvin, an Executive Vice President at WEC Energy Group, sold 334 shares of the company's common stock on January 3, 2025.
• The sale was executed at a price of $94.175 per share.
• This transaction was conducted to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Garvin directly owns 15,303 shares of WEC Energy Group common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.
• The price of $94.175 per share is within the expected range for WEC Energy Group's stock price at the time of the transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

WEC Energy Group, insider trading, stock sale, executive compensation, Form 4, Robert M. Garvin