Director at WEC Energy (NYSE: WEC) receives grant of phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STANEK MARY ELLEN reported acquisition or exercise transactions in this Form 4 filing.
WEC Energy Group director Mary Ellen Stanek reported a grant of 309.8291 Phantom Stock Units tied to deferred director fees. The units were valued at $117.0000 per unit on the grant date and are credited under the company’s Director's Deferred Compensation Plan.
Following this award, Stanek holds a total of 54,299.0755 Phantom Stock Units. The units are structured on a one-for-one basis with WEC common stock and include amounts accrued through a dividend reinvestment feature, all to be settled according to the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STANEK MARY ELLEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 309.829 | $117.00 | $36K |
Holdings After Transaction:
Phantom Stock Units — 54,299.076 shares (Direct, null)
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.
Key Figures
Phantom units granted: 309.8291 units
Reference value per unit: $117.0000 per unit
Total phantom units after grant: 54,299.0755 units
+3 more
6 metrics
Phantom units granted
309.8291 units
Grant of Phantom Stock Units on 2026-07-08
Reference value per unit
$117.0000 per unit
Transaction price for Phantom Stock Units
Total phantom units after grant
54,299.0755 units
Holdings following the reported transaction
Underlying common stock link
1:1 ratio
One-for-one relationship with common stock
Section 16(b) exemption rule
Rule 16b-3(d)
Applies to acquisition via fee deferral
Dividend reinvestment rule
Rule 16a-11
Covers units from dividend reinvestment feature
Key Terms
Phantom Stock Units, Director's Deferred Compensation Plan (DDCP), Rule 16b-3(d), Rule 16a-11, +1 more
5 terms
Phantom Stock Units financial
"These phantom stock units were acquired pursuant to a deferral of director fees"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Director's Deferred Compensation Plan (DDCP) financial
"These phantom stock units were accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP)"
Rule 16b-3(d) regulatory
"acquired pursuant to a deferral of director fees in an acquisition exempt from Section 16(b) pursuant to Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16a-11 regulatory
"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"
Section 16(b) regulatory
"in an acquisition exempt from Section 16(b) pursuant to Rule 16b-3(d)"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
FAQ
What insider transaction did WEC (WEC) report for Mary Ellen Stanek?
WEC Energy Group director Mary Ellen Stanek received 309.8291 Phantom Stock Units as a grant tied to deferred director fees. The award is reported as an acquisition of derivative securities rather than an open-market stock purchase or sale.
How many WEC (WEC) Phantom Stock Units does Mary Ellen Stanek hold after this grant?
After the latest grant, Mary Ellen Stanek holds 54,299.0755 Phantom Stock Units. This total includes units from prior deferrals and additional units accrued through a dividend reinvestment feature under the Director's Deferred Compensation Plan.
What was the reference value per WEC (WEC) Phantom Stock Unit in this Form 4 filing?
The Phantom Stock Units were valued at $117.0000 per unit on the transaction date. This value is used for accounting and reporting purposes under the Director's Deferred Compensation Plan rather than representing an open-market trade price.
How are WEC (WEC) Phantom Stock Units linked to common stock for this director award?
The filing notes a one-for-one relationship between Phantom Stock Units and WEC common stock. This means each unit is economically tied to one share of common stock, with settlement occurring later under the Director's Deferred Compensation Plan terms.
How were these WEC (WEC) Phantom Stock Units for Mary Ellen Stanek acquired?
The units were acquired through a deferral of director fees into the Director's Deferred Compensation Plan. The filing states the acquisition is exempt from Section 16(b) under Rule 16b-3(d), indicating it is a compensation-related, plan-based transaction.