Form 4: Payne Ulice Jr reports sale of 1,620 WEC shares
Rhea-AI Filing Summary
Payne Ulice Jr, identified as a director of WEC Energy Group, reported a sale of company common stock on 08/07/2025. The Form 4 discloses a disposition of 1,620 shares at a reported price of $110.996 per share. Following the reported transaction, the filing shows beneficial ownership of 20,359.7756 shares (direct). The document includes an explanatory note that certain shares were acquired under a dividend reinvestment plan and therefore were exempt from Section 16 in those transactions. The Form 4 was signed by Joshua M. Erickson, as attorney-in-fact, on 08/11/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale reported; disclosed amounts are specific but not presented as materially transformative.
The filing documents a sale by director Payne Ulice Jr of 1,620 WEC shares on 08/07/2025 at a reported price of $110.996. The report shows 20,359.7756 shares held following the transaction. The disclosure is explicit and quantifiable, and the filing was executed by an attorney-in-fact on 08/11/2025. The form includes a note about dividend reinvestment purchases that were exempt from Section 16 reporting. Based solely on the disclosed figures, this appears to be a routine Form 4 sale with no additional material context in the document to indicate a broader corporate development.
TL;DR: Form 4 appears properly completed and signed; transaction and post-sale ownership are disclosed.
The report identifies the reporting person as a director and checks that the filing is by one reporting person. The Form 4 lists the transaction date, number of shares disposed (1,620), the per-share price ($110.996), and the beneficial ownership after the sale (20,359.7756 shares). The filing was signed by an attorney-in-fact, consistent with authorized reporting practices. The explanatory remark about dividend reinvestment clarifies that certain acquisitions were exempt under Rule 16a-11. From a governance and compliance perspective, the disclosure in this document is straightforward and complete as presented.