WEC Energy Group (NYSE: WEC) hires Caroline Garcia as new Vice President and Controller

Rhea-AI Filing Summary

WEC Energy Group, Inc. appointed Caroline Garcia, age 50, as Vice President and Controller effective August 31, 2026. Garcia has served as Director of Audit Services at TXNM Energy since 2024 and previously spent nearly 25 years at KPMG LLP as an Audit Partner focused on energy, utility and natural resources clients. She is a Certified Public Accountant.

Her compensation includes an annual base salary of $335,000, a short-term performance plan target of 50% of base salary (prorated to her start date), and a long-term incentive plan target of 70% of base salary, with first long-term awards effective with the 2027 award cycle. She will also be eligible to participate in the company’s 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans. Garcia will succeed William J. Guc, who plans to retire in early 2027 and will become special advisor to the Chief Financial Officer on August 31, 2026 to support a smooth transition.

Filing Explained

WEC Energy Group entered an agreement with Caroline Garcia on August 5, 2026, but her appointment as vice president and controller takes effect August 31, 2026; on that date, William J. Guc will become a special adviser to support the transition.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Annual base salary: $335,000 Short-term incentive target: 50% of base salary Long-term incentive target: 70% of base salary +1 more

4 metrics

Annual base salary $335,000 Annual base salary for Caroline Garcia as Vice President and Controller, prorated from August 31, 2026

Short-term incentive target 50% of base salary Target award under the short-term performance plan for Caroline Garcia

Long-term incentive target 70% of base salary Target under the long-term incentive plan for Caroline Garcia, with first awards in 2027

Effective appointment date August 31, 2026 Start date for Caroline Garcia as Vice President and Controller

Key Terms

short-term performance plan, long-term incentive plan, Executive Deferred Compensation Plan

3 terms

short-term performance plan financial

"her target award under the Company’s short-term performance plan will be 50% of base salary"

long-term incentive plan financial

"Ms. Garcia’s target under the Company’s long-term incentive plan will be 70% of base salary"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Executive Deferred Compensation Plan financial

"Ms. Garcia is eligible to participate in the Company’s 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans"

FAQ

What executive change did WEC (WEC Energy Group, Inc.) report on August 5, 2026?

WEC Energy Group appointed Caroline Garcia as Vice President and Controller effective August 31, 2026. She succeeds William J. Guc, who will become special advisor to the CFO and plans to retire in early 2027.

What is the compensation package for WEC’s new Vice President and Controller, Caroline Garcia?

Caroline Garcia’s annual base salary is $335,000. Her target award under the short-term performance plan is 50% of base salary, and her target under the long-term incentive plan is 70% of base salary, with first long-term awards in 2027.

When does Caroline Garcia start her role as Vice President and Controller at WEC (WEC Energy Group)?

Caroline Garcia’s appointment as Vice President and Controller is effective August 31, 2026. Her 2026 base salary and short-term incentive opportunity will be prorated from that start date, according to the disclosed agreement.

What prior experience does WEC’s new Controller, Caroline Garcia, bring to the company?

Caroline Garcia previously served as Director of Audit Services at TXNM Energy starting in 2024. Before that, she was an Audit Partner at KPMG LLP from 1999 to 2024, focusing on energy, utility and natural resources clients, and is a CPA.

What is the transition role of outgoing WEC Controller William J. Guc?

Effective August 31, 2026, William J. Guc will become special advisor to the Chief Financial Officer. He previously notified the company of his intention to retire in early 2027 and will help ensure a smooth leadership transition.

Which benefit plans will Caroline Garcia be eligible for at WEC Energy Group (WEC)?

Caroline Garcia will be eligible to participate in WEC Energy Group’s 401(k) Plan, Executive Deferred Compensation Plan, and other company benefit plans, alongside her base salary and short- and long-term incentive opportunities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/11/2026 - 08:30 AM Accepted by SEC EDGAR 08/11/2026 - 08:29 AM Learn about SEC filing dates

0000783325false00007833252026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported):

August 05, 2026

____________________

Commission File Number

Registrant; State of Incorporation; Address; and Telephone Number

IRS Employer Identification No.

001-09057

WEC ENERGY GROUP, INC.

39-1391525

(A Wisconsin Corporation)

231 West Michigan Street

P.O. Box 1331

Milwaukee, WI 53201

(414) 221-2345

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 Par Value

WEC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

                            

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On August 5, 2026, Caroline Garcia and WEC Energy Group, Inc. (the “Company”) entered into an agreement pursuant to which Ms. Garcia, age 50, will serve as Vice President and Controller, effective August 31, 2026. Since 2024, Ms. Garcia has served as Director of Audit Services at TXNM Energy, an energy holding company that provides electricity to customers in New Mexico and Texas through its regulated utilities. Prior to joining TXNM Energy in 2024, Ms. Garcia was an Audit Partner at KPMG LLP, where she worked from 1999 to 2024. During her nearly 25-year career at KPMG, she served clients across a variety of industries with a primary focus in the energy, utility and natural resources sectors. Ms. Garcia is a Certified Public Accountant.

In connection with Ms. Garcia’s appointment as Vice President and Controller, her annual base salary will be $335,000 and her target award under the Company’s short-term performance plan will be 50% of base salary, both prorated to her August 31, 2026 start date. Ms. Garcia’s target under the Company’s long-term incentive plan will be 70% of base salary, and she will receive her first long-term awards effective with the 2027 award. Ms. Garcia is eligible to participate in the Company’s 401(k) Plan, Executive Deferred Compensation Plan and other benefit plans.

Ms. Garcia is succeeding William J. Guc, who, as previously reported, notified the Company that he intends to retire in early 2027. Effective August 31, 2026, Mr. Guc will assume the position of special advisor to the Company’s Chief Financial Officer and will help ensure a smooth transition.

2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
			WEC ENERGY GROUP, INC.
			(Registrant)
			/s/ William J. Guc
Date: August 11, 2026			William J. Guc – Vice President and Controller

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Filing Exhibits & Attachments

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