Form 4: WEC Energy Group VP Erickson Reports Stock Transactions

Joshua M. Erickson, VP and Deputy General Counsel of WEC Energy Group, reports acquisition and disposal of company stock and stock options on January 2, 2025.

Summary

• Joshua M. Erickson, a VP and Deputy General Counsel at WEC Energy Group, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On January 2, 2025, Erickson acquired 441 shares of common stock.
• On the same day, Erickson disposed of 60 shares of common stock at a price of $94.5475.
• Following these transactions, Erickson directly owns 2,758 shares of common stock.
• Erickson also indirectly owns 6,143.5989 shares through the Employee Retirement Savings Plan (ERSP).
• Additionally, Erickson acquired 1,783 stock options with an exercise price of $94.5475, vesting on January 2, 2028, and expiring on January 2, 2035.
• After the reported transactions, Erickson holds 1,783 derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard stock transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives who receive stock options and participate in employee stock purchase plans.
• Similar filings can be observed for executives at comparable utility companies like Duke Energy, Exelon, and Southern Company.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates