WEC Insider Filing: 325.46 Phantom Stock Units Added by Director

Rhea-AI Filing Summary

Lane Thomas K, a director of WEC Energy Group, Inc. (WEC), reported a transaction dated 10/07/2025 involving 325.4643 phantom stock units acquired under the company's Director's Deferred Compensation Plan (DDCP). The units are one‑for‑one redeemable for common stock and were recorded at an attributable price of $115.22 per share for reporting purposes. After this transaction, the reporting person beneficially owns 15,041.8272 phantom stock units in the form reported directly.

The filing states the units were acquired pursuant to a deferral of director fees and include amounts accrued through a dividend reinvestment feature; both the initial acquisition and dividend accruals are described as exempt from Section 16 transactions under the specified rules. The units will be settled according to the DDCP terms.

Positive

• Alignment of director pay with shareholders via deferral into phantom stock units
• Clear plan-based transaction executed under DDCP with exemptions noted (Rule 16b‑3, Rule 16a‑11)

Negative

• No adverse events disclosed — filing shows routine compensation deferral rather than open‑market trades

Insights

Corporate Governance Analyst

Director deferred compensation increased by 325.4643 phantom units on 10/07/2025.

The reported acquisition reflects a routine deferral of director fees into the Director's Deferred Compensation Plan (DDCP), converting cash fees into phantom stock units that track common stock one‑for‑one. This aligns director compensation with shareholder outcomes without immediate share issuance.

Key dependencies include the DDCP settlement terms and the phantom units' conversion mechanics; the filing notes settlement will follow plan terms and that part of the balance arose from a dividend reinvestment feature. Monitor plan settlement timing and any future cash or share settlements for near‑term dilution signals.

Insider Activity Specialist

The transaction was processed as an exempt plan transaction under Rule 16b‑3 and Rule 16a‑11.

The filing explicitly classifies the acquisition and dividend accruals as transactions exempt from short‑swing profit rules and other Section 16 restrictions, indicating standard plan mechanics rather than market purchases or sales. The reported per‑unit price of $115.22 is the attributable value used for reporting, not a market trade price.

Watch for future Form 4 filings that show settlement or conversion of these units into shares or cash, which would create a reportable disposition or acquisition event with potential investor interest in timing and magnitude.

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
Estimated average burden
hours per response:			0.5

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^*

Lane Thomas K

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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

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
Phantom Stock Units	(1)	10/07/2025		A		325.4643(2)		(3)	(3)	Common Stock	325.4643	$115.22	15,041.8272(4)	D

Explanation of Responses:

1. One-for-one.

2. 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).

3. 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.

4. 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.

Remarks:

	Joshua M. Erickson, as attorney in fact	10/09/2025
	** 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 did Lane Thomas K report on Form 4 for WEC (WEC)?

The report shows acquisition of 325.4643 phantom stock units under the Director's Deferred Compensation Plan on 10/07/2025, bringing total beneficial ownership to 15,041.8272 units.

Were these phantom stock units purchased on the open market?

No. The units were acquired through a deferral of director fees and via a dividend reinvestment feature, transactions described as exempt under the plan rules.

What is the reported price per unit in the filing?

The filing lists an attributable price of $115.22 per underlying share for the reported phantom stock units.

How will these phantom stock units be settled?

The units are accrued under the DDCP and will be settled in accordance with the plan's terms; the filing does not specify the settlement date or form (cash or shares).

Does this Form 4 indicate any sale or reduction of holdings?

No. The filing reports an acquisition (A) of phantom units and an increase in the reporting person's beneficial ownership.