WEC Energy director granted phantom stock units
Lane Thomas K reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
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
Grant/Award: 296.4501 shares
Grant/Award
1 txn
Insider
Lane Thomas K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 296.4501 | $117.415 | $35K |
Holdings After Transaction:
Phantom Stock Units — 17,728.3859 contracts (Direct)
Footnotes (4)
- F1. One-for-one.
- F2. 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).
- F3. 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.
- F4. 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 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
"transactions exempt from Section 16 pursuant to Rule 16a-11"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
