[Form 4] WEC Energy Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transactions by Robert M. Garvin at WEC Energy Group (WEC): The filing shows option exercises and offsetting stock sales on 08/18/2025 and 08/19/2025. Garvin exercised options to acquire 1,000 shares on 08/18/2025 and 13,185 shares on 08/19/2025 at an exercise price of $58.305 per share; those exercises increased shares underlying his holdings. He sold 1,000 shares on 08/18/2025 at a weighted average price of $107.909 and sold 13,185 shares on 08/19/2025 at a weighted average price of $108.1221. After these transactions, he beneficially owned 15,303 shares. The filing notes options vesting details and provides weighted-average sale-price ranges for the multiple trades.

Positive

• Exercise of vested options increased underlying share holdings before sales, demonstrating continued ownership rather than pure divestment
• Weighted-average sale prices (~$107.91–$108.12) indicate the executive realized substantial proceeds above the exercise price of $58.305

Negative

• Sales of 14,185 shares (1,000 + 13,185) reduced immediate beneficial ownership from 28,488 post-exercise to 15,303 shares
• Multiple sales at varying prices require the reporting person to provide per-trade breakdown on request, indicating the reported prices are aggregated

Insights

Securities Analyst

TL;DR: Officer exercised vested options and sold equivalent shares, leaving a material residual holding of 15,303 shares; routine, limited investor impact.

The transactions show a common pattern: the reporting person exercised fully vested options (vesting dated 01/03/2020) at an exercise price of $58.305 and contemporaneously sold the same number of shares at roughly $107.91–$108.12 per share. This generated intrinsic value capture while preserving ongoing ownership of 15,303 shares. The filing discloses weighted-average sale prices and the reporting person’s undertaking to provide per-trade details on request. For investors, these are customary liquidity actions by an executive and do not indicate a change in company fundamentals.

Corporate Governance Expert

TL;DR: Transactions are documentation-compliant option exercises and sales by an executive; procedural and non-material to corporate governance.

The Form 4 records proper reporting of option exercises exercisable through 01/03/2027 and immediate market disposals. The explanatory footnotes clarify that sales occurred in multiple trades and provide ranges for weighted averages, reflecting compliance with disclosure norms. No new grants, policy changes, or atypical insider transfers are reported. From a governance perspective, disclosures are complete and routine.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garvin Robert M

(Last) (First) (Middle)

231 WEST MICHIGAN STREET

(Street)

MILWAUKEE, WI 53203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEC ENERGY GROUP, INC. [ WEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec Vice President - Ext Affs

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/18/2025		M		1,000	A	$58.305	16,303	D
Common Stock	08/18/2025		S		1,000	D	$107.909(1)	15,303	D
Common Stock	08/19/2025		M		13,185	A	$58.305	28,488	D
Common Stock	08/19/2025		S		13,185	D	$108.1221(2)	15,303	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$58.305	08/18/2025		M			1,000	01/03/2020(3)	01/03/2027	Common Stock	1,000	$0	13,185	D
Stock Option (right to buy)	$58.305	08/19/2025		M			13,185	01/03/2020(3)	01/03/2027	Common Stock	13,185	$0	0	D

Explanation of Responses:

1. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.9000 to $107.9300, inclusive. The reporting person undertakes to provide to WEC Energy Group ("WEC"), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

2. This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.9000 to $108.2800, inclusive. The reporting person undertakes to provide WEC, any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

3. Options vest 100% on the date indicated.

Remarks:

	Joshua M. Erickson, as attorney in fact	08/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did WEC insider Robert M. Garvin report on Form 4?

The Form 4 reports option exercises to acquire 1,000 shares on 08/18/2025 and 13,185 shares on 08/19/2025 at an exercise price of $58.305, and sales of 1,000 and 13,185 shares on those dates at weighted-average prices of $107.909 and $108.1221, respectively.

How many WEC shares does Garvin beneficially own after these transactions?

After the reported transactions, Garvin beneficially owns 15,303 shares.

Were the exercised options vested and what are their terms?

Yes; the filing states the options vest 100% on the date indicated (01/03/2020) and are exercisable with an expiration noted as 01/03/2027.

Do the sale prices reported reflect single trades or aggregated ranges?

The filing notes the reported sale prices are weighted averages from multiple trades and provides inclusive price ranges for those underlying transactions.

Does the Form 4 indicate any change in reporting status or an affirmative defense plan?

The Form 4 includes standard checkboxes and does not indicate removal from Section 16 obligations; it does not assert a Rule 10b5-1 plan in the disclosed fields.