Form 4: WEC Energy Group Vice President and Treasurer Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Anthony Reese, Vice President and Treasurer of WEC Energy Group, reports the acquisition of phantom stock units under the company's Executive Deferred Compensation Plan.
Summary
- Anthony Reese, a Vice President and Treasurer at WEC Energy Group, filed a Form 4 with the SEC.
- The filing reports the acquisition of 318.5119 phantom stock units on February 29, 2024, at a price of $78.49 per unit.
- These units were accrued under the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP) and will be settled according to the plan's terms.
- Following the transaction, Reese directly owns 318.5119 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom stock units will be settled in accordance with the terms of the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP).
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Acquisition of phantom stock units. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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