Form 4: WEC Energy Group Vice President and Treasurer, Anthony Reese, Executes Stock Transactions
SEC Form 4 Filing
WEC Energy Group's Vice President and Treasurer, Anthony Reese, engaged in stock transactions involving the acquisition and disposal of common stock and stock options.
Summary
- Anthony Reese, Vice President and Treasurer of WEC Energy Group, executed multiple transactions involving the company's common stock on November 18, 2024.
- He acquired 3,684 shares of common stock at a price of $91.4875 per share through the exercise of stock options.
- Concurrently, he disposed of 3,684 shares of common stock at a weighted average price of $97.9669 per share, with individual sales ranging from $97.85 to $98.13.
- Following these transactions, Mr. Reese directly holds 1,462 shares of common stock and indirectly holds 2,716.8308 shares through the Employee Retirement Savings Plan (ERSP).
- He also holds stock options for 3,684 shares, which vested on January 2, 2023, and expire on January 2, 2030.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment. It is a routine regulatory filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- The transactions are typical for executives who receive stock options as part of their compensation.
- The reporting of these transactions is in line with SEC regulations for insider trading disclosures.
- Similar filings are made by executives at comparable companies such as Duke Energy and Southern Company when they exercise options or trade shares.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine insider trading activities.
- The disclosure provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 01/02/2023 | Stock options vested 100% on this date. |
| 10/31/2024 | Date of the plan statement for the Employee Retirement Savings Plan (ERSP). |
| 11/18/2024 | Date of the stock transactions, including acquisition and disposal of shares and exercise of stock options. |
| 11/19/2024 | Date the form was signed by Joshua M. Erickson, as attorney in fact. |
| 01/02/2030 | Expiration date of the stock options. |
Keywords
WEC Energy Group, stock transactions, insider trading, common stock, stock options, Anthony Reese, ERSP, employee retirement savings plan
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