WEC Energy Group (WEC) director adds phantom stock via fee deferral
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lane Thomas K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 377.742 | $105.8925 | $40K |
Holdings After Transaction:
Phantom Stock Units — 17,290.54 shares (Direct)
Footnotes (1)
- One-for-one. 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). 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. 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
What insider transaction did WEC (WEC Energy Group, Inc.) report for Lane Thomas K?
The filing shows that director Lane Thomas K acquired 377.7416 phantom stock units tied to WEC Energy Group, Inc. common stock on 01/08/2026.
At what price were the WEC phantom stock units acquired in this Form 4?
The 377.7416 phantom stock units were acquired at a price of $105.8925 per unit, according to the reported transaction details.
How many WEC phantom stock units does the director own after this transaction?
After the reported acquisition, the director beneficially owns 17,290.54 phantom stock units, held as a direct interest under the deferred compensation arrangements.
What plan governs the phantom stock units reported for WEC director Lane Thomas K?
The phantom stock units are accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP) and are to be settled in accordance with that plan’s terms.
How were the WEC phantom stock units acquired by the director?
The filing states that these phantom stock units were acquired through a deferral of director fees in an acquisition exempt from Section 16(b) under Rule 16b-3(d).
Do dividend equivalents affect the WEC phantom stock units held by the director?
Yes. The total includes phantom stock units accrued through a dividend reinvestment feature of the DDCP in transactions exempt under Rule 16a-11.