WEC Energy Group accelerates vesting for chairman

WEC Energy Group, Inc. disclosed that Gale Klappa completed his service as Chairman of the Board on May 7, 2026 after reaching the retirement age set in the company’s Corporate Governance Guidelines.

Rhea-AI Filing Summary

WEC Energy Group, Inc. disclosed that Gale Klappa completed his service as Chairman of the Board on May 7, 2026 after reaching the retirement age set in the company’s Corporate Governance Guidelines.

On May 4, 2026, the Compensation Committee approved accelerating the vesting of Mr. Klappa’s unvested restricted stock awards, covering approximately 1,616 shares, effective the date he completed his service as Chairman. This action recognizes his years of service and contributions to the company.

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

Accelerated restricted stock: approximately 1,616 shares

1 metrics

Accelerated restricted stock approximately 1,616 shares Unvested restricted shares for Gale Klappa, vesting accelerated effective May 7, 2026

Key Terms

Acceleration of Vesting, restricted stock, Corporate Governance Guidelines, Compensation Committee

4 terms

Acceleration of Vesting financial

"the Compensation Committee approved the acceleration of the vesting of unvested shares of restricted stock"

restricted stock financial

"the vesting of unvested shares of restricted stock awarded to Mr. Klappa"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Corporate Governance Guidelines regulatory

"Having reached the applicable retirement age under WEC Energy Group’s Corporate Governance Guidelines"

A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.

Compensation Committee financial

"the Compensation Committee approved the acceleration of the vesting"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did WEC (WEC) report in this 8-K filing?

WEC Energy Group reported that Gale Klappa completed his service as Chairman of the Board on May 7, 2026. This followed his attainment of the retirement age specified in the company’s Corporate Governance Guidelines, prompting a transition in the board’s leadership role.

How many WEC (WEC) restricted shares vested early for Gale Klappa?

The Compensation Committee approved accelerating the vesting of approximately 1,616 shares of restricted stock awarded to Gale Klappa. This acceleration became effective May 7, 2026, and was granted in recognition of his years of service and contributions to WEC Energy Group.

Why did WEC Energy Group accelerate Gale Klappa’s restricted stock vesting?

WEC Energy Group’s Compensation Committee accelerated Gale Klappa’s restricted stock vesting to recognize his years of service and contributions. The decision covered about 1,616 unvested restricted shares and aligned with his completion of service as Chairman upon reaching the company’s retirement age guideline.

When did Gale Klappa complete his service as WEC’s Chairman?

Gale Klappa completed his service as Chairman of the Board of WEC Energy Group on May 7, 2026. This transition followed his attainment of the applicable retirement age under the company’s Corporate Governance Guidelines and coincided with the effective date of his accelerated stock vesting.

Who authorized the stock vesting change for WEC (WEC) Chairman Gale Klappa?

The Compensation Committee of WEC Energy Group’s Board authorized the acceleration of Gale Klappa’s unvested restricted stock. On May 4, 2026, it approved early vesting of approximately 1,616 shares, effective May 7, 2026, to honor his long service as Chairman.

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

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Accepted by SEC EDGAR 05/07/2026 - 05:44 PM EDT Learn about SEC filing dates

0000783325false00007833252026-05-042026-05-04

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):

May 4, 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.

Acceleration of Vesting

Having reached the applicable retirement age under WEC Energy Group’s Corporate Governance Guidelines, Gale Klappa completed his service as Chairman of the Board on May 7, 2026. On May 4, 2026, in recognition of Mr. Klappa’s years of service and contributions to the success of WEC Energy Group, the Compensation Committee approved the acceleration of the vesting of unvested shares of restricted stock awarded to Mr. Klappa, consisting of approximately 1,616 shares, effective May 7, 2026.

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: May 8, 2026			William J. Guc – Vice President and Controller

3

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB