WEC Energy Group director defers fees into phantom stock units
WEC Energy Group, Inc. director Lane Thomas K reported an acquisition of derivative securities tied to the company’s common stock.
Rhea-AI Filing Summary
WEC Energy Group, Inc. director Lane Thomas K reported an acquisition of derivative securities tied to the company’s common stock. On 01/08/2026, the director acquired 377.7416 phantom stock units at $105.8925 per unit under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP). Each phantom stock unit is described as a one-for-one equivalent to a share of common stock for plan purposes.
The filing notes that these units were obtained through a deferral of director fees in a transaction exempt from certain short-swing profit rules and that additional units can accrue through a dividend reinvestment feature. Following this transaction, the director beneficially owns 17,290.54 phantom stock units on a direct basis.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 377.7416 | $105.8925 | $40K |
Footnotes (4)
- F1. One-for-one.
- F2. These phantom stock units were acquired pursuant to a deferral of director fees in an acquisition exempt from Section 16(b) pursuant to Rule 16b-3(d).
- F3. These phantom stock units were accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP) and are to be settled in accordance with the terms of the plan.
- F4. Includes phantom stock units accrued pursuant to a dividend reinvestment feature of the DDCP in transactions exempt from Section 16 pursuant to Rule 16a-11.
FAQ
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What insider transaction did WEC (WEC Energy Group, Inc.) report for Lane Thomas K?
At what price were the WEC phantom stock units acquired in this Form 4?
How many WEC phantom stock units does the director own after this transaction?
What plan governs the phantom stock units reported for WEC director Lane Thomas K?
How were the WEC phantom stock units acquired by the director?
Do dividend equivalents affect the WEC phantom stock units held by the director?
AI-generated analysis. How Rhea-AI works. Not financial advice.