Do WEC (WEC) Phantom Stock Units include dividend-related accruals?

Yes. The filing notes that the director’s Phantom Stock Units include amounts accrued from a dividend reinvestment feature within the Director's Deferred Compensation Plan. These additional units arise when dividends are effectively reinvested into more phantom units instead of being paid in cash.

WEC Energy Group (WEC) director receives grant of phantom stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lane Thomas K reported acquisition or exercise transactions in this Form 4 filing.

WEC Energy Group director Lane Thomas K received a grant of 296.4501 Phantom Stock Units tied one-for-one to common stock, awarded as deferred director fees under the company’s Director's Deferred Compensation Plan. After this award, his balance under the plan totals 17,728.3859 phantom units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lane Thomas K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	296.45	$117.415	$35K

Holdings After Transaction: Phantom Stock Units — 17,728.386 shares (Direct)

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: 296.4501 units Grant reference price: $117.4150 per unit Total phantom units after grant: 17,728.3859 units +1 more

4 metrics

Phantom units granted 296.4501 units Phantom Stock Units awarded to director on April 7, 2026

Grant reference price $117.4150 per unit Price per Phantom Stock Unit used in the award

Total phantom units after grant 17,728.3859 units Director’s Phantom Stock Units following the transaction

Underlying common stock linkage 1:1 ratio Each Phantom Stock Unit corresponds one-for-one to common stock

Key Terms

Phantom Stock Units, Director's Deferred Compensation Plan, Section 16(b), Rule 16b-3(d), +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 financial

"accrued under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP)"

Section 16(b) regulatory

"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.

Rule 16b-3(d) regulatory

"exempt from Section 16(b) pursuant to Rule 16b-3(d)"

Rule 16a-11 regulatory

"transactions exempt from Section 16 pursuant to Rule 16a-11"

Form 4 Insider Transactions: What Each Field Means →

04/08/2026 - 04:19 PM

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

WISCONSIN

53203

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	04/07/2026		A		296.4501⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	296.4501	$117.415	17,728.3859⁽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	04/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WEC (WEC) report for director Lane Thomas K?

WEC Energy Group reported that director Lane Thomas K received 296.4501 Phantom Stock Units. These units were granted as part of his deferred director fees and are linked one-for-one to WEC common stock, increasing his total phantom unit balance under the plan.

How many WEC (WEC) Phantom Stock Units did the director hold after this grant?

After the April 7, 2026 grant, director Lane Thomas K held a total of 17,728.3859 Phantom Stock Units. This figure reflects the newly awarded 296.4501 units plus previously accrued units under WEC Energy Group’s Director's Deferred Compensation Plan.

What is the nature of the WEC (WEC) Phantom Stock Units granted to the director?

The Phantom Stock Units granted to the WEC director are one-for-one units linked to WEC common stock. They are not an open-market purchase but a compensation-related award, credited through deferred director fees under the company’s Director's Deferred Compensation Plan.

How were the WEC (WEC) Phantom Stock Units for the director acquired?

The 296.4501 Phantom Stock Units were acquired through a deferral of director fees. According to the filing, they were credited under WEC Energy Group’s Director's Deferred Compensation Plan in an acquisition exempt from certain Section 16 rules, rather than bought on the open market.

What plan governs the WEC (WEC) director’s Phantom Stock Units?

The director’s Phantom Stock Units are governed by the WEC Energy Group, Inc. Director's Deferred Compensation Plan. Units are accrued from deferred fees and dividend reinvestment features and will be settled in accordance with the specific terms and payout rules of that plan.