WEC Energy Group (WEC) director boosts phantom stock holdings under DDCP

Rhea-AI Filing Summary

WEC Energy Group director Danny L. Cunningham reported receiving 354.1327 phantom stock units of WEC Energy Group, Inc. on January 8, 2026. These units were acquired at a reference price of $105.8925 per unit through a deferral of director fees under the company’s Director's Deferred Compensation Plan (DDCP). Each phantom stock unit corresponds one-for-one to a share of WEC common stock and is to be settled in accordance with the terms of the plan. Following this transaction, Cunningham beneficially holds a total of 22,664.1549 phantom stock units in a direct capacity, including units accrued through a dividend reinvestment feature of the DDCP.

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

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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^*

Cunningham Danny L

(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)
01/08/2026

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)	01/08/2026		A		354.1327(2)		(3)	(3)	Common Stock	354.1327	$105.8925	22,664.1549(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	01/12/2026
	** 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 insider transaction did WEC Energy Group (WEC) disclose in this Form 4?

The filing shows that director Danny L. Cunningham acquired 354.1327 phantom stock units of WEC Energy Group, Inc. on January 8, 2026, reported as an acquisition of derivative securities.

At what price were the phantom stock units acquired by the WEC director?

The phantom stock units were acquired at a reference price of $105.8925 per unit, as disclosed in the transaction details for the January 8, 2026 acquisition.

How many WEC phantom stock units does Danny L. Cunningham hold after this transaction?

After the reported transaction, Danny L. Cunningham beneficially owns 22,664.1549 phantom stock units of WEC Energy Group, Inc., held in a direct capacity.

What are the phantom stock units reported in the WEC Form 4?

The filing explains that the phantom stock units are linked one-for-one to WEC common stock and were accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP), to be settled according to the terms of that plan.

How were the phantom stock units acquired by the WEC director characterized in the filing?

The Form 4 notes that the phantom stock units were acquired through a deferral of director fees in an acquisition exempt from Section 16(b) under Rule 16b-3(d), and that additional units include amounts accrued via a dividend reinvestment feature under Rule 16a-11.

Does the WEC Energy Group director hold these phantom stock units directly or indirectly?

The filing identifies the ownership form as Direct (D), indicating that Danny L. Cunningham directly holds the 22,664.1549 phantom stock units reported.