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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 325.464 | $115.22 | $37K |
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.
