WEC executive logs phantom stock unit transaction

WEC Energy Group Vice President and Treasurer Anthony Reese reported a discretionary transaction involving phantom stock units tied to WEC common stock.

Rhea-AI Filing Summary

WEC Energy Group Vice President and Treasurer Anthony Reese reported a discretionary transaction involving phantom stock units tied to WEC common stock. On this date, 950.6571 phantom stock units were credited at a reference price of $112.58 per unit under the company’s Executive Deferred Compensation Plan.

Following the transaction, Reese held a total of 1,787.424 phantom stock units. These units are to be settled in line with the plan’s terms and include amounts accrued through a dividend reinvestment feature. The filing does not reflect an open-market buy or sell of WEC shares.

Insider Trade Summary

Discretionary: 950.6571 shares

Discretionary 1 txn

Insider Reese Anthony

Role Vice President and Treasurer

Type	Security	Shares	Price	Value
Discretionary	Phantom Stock Units	950.6571	$112.58	$107K

Holdings After Transaction: Phantom Stock Units — 1,787.424 contracts (Direct)

Footnotes (3)

1. F1. One-for-one.
2. F2. The phantom stock units were accrued under the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP) and are to be settled in accordance with the terms of the plan.
3. F3. Includes phantom stock units accrued pursuant to a dividend reinvestment feature of the EDCP in transactions exempt from Section 16 pursuant to Rule 16a-11.

Key Figures

Phantom units credited: 950.6571 units Reference price per unit: $112.58 Total phantom units after transaction: 1,787.424 units +1 more

4 metrics

Phantom units credited 950.6571 units Discretionary transaction under Rule 16b-3(f)

Reference price per unit $112.58 Phantom stock units tied to common stock

Total phantom units after transaction 1,787.424 units Holdings following reported transaction

Underlying common stock units 950.6571 shares Underlying security for phantom units

Key Terms

Phantom Stock Units, Executive Deferred Compensation Plan, Rule 16b-3(f), Rule 16a-11

4 terms

Phantom Stock Units financial

"The phantom stock units were accrued under the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP)"

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.

Executive Deferred Compensation Plan financial

"accrued under the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP)"

Rule 16b-3(f) regulatory

"Discretionary transaction under Rule 16b-3(f)"

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) executive Anthony Reese report?

Anthony Reese reported a discretionary transaction involving 950.6571 phantom stock units. These units are tied to WEC common stock and were credited under the Executive Deferred Compensation Plan, rather than through an open-market purchase or sale of regular WEC shares.

What are phantom stock units in the WEC (WEC) Form 4 filing?

Phantom stock units are bookkeeping entries that track the value of WEC common stock without issuing actual shares. They are credited under the Executive Deferred Compensation Plan and are ultimately settled according to that plan’s terms instead of being traded on the open market.

How many phantom stock units does Anthony Reese hold after this WEC (WEC) transaction?

After the reported discretionary transaction, Anthony Reese holds 1,787.424 phantom stock units. This total reflects the newly credited 950.6571 units plus prior phantom units, including amounts accrued through the plan’s dividend reinvestment feature under the Executive Deferred Compensation Plan.

Was the WEC (WEC) Anthony Reese Form 4 an open-market stock trade?

No, the Form 4 does not show an open-market trade in WEC shares. It records a discretionary transaction in phantom stock units under Rule 16b-3(f), credited within the Executive Deferred Compensation Plan rather than bought or sold on a stock exchange.

At what reference price were Anthony Reese’s WEC (WEC) phantom stock units credited?

The 950.6571 phantom stock units were credited at a reference price of $112.58 per unit. This price is used to calculate the value of the phantom units in the Executive Deferred Compensation Plan, not as an actual market purchase price for WEC common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 09:00 AM EDT Learn about SEC filing dates

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^*

Reese Anthony

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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)
			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)	05/12/2026		I		950.6571		(2)	(2)	Common Stock	950.6571	$112.58	1,787.424(3)	D

Explanation of Responses:

1. One-for-one.

2. The phantom stock units were accrued under the WEC Energy Group, Inc. Executive Deferred Compensation Plan (EDCP) and are to be settled in accordance with the terms of the plan.

3. Includes phantom stock units accrued pursuant to a dividend reinvestment feature of the EDCP in transactions exempt from Section 16 pursuant to Rule 16a-11.

Remarks:

	Joshua M. Erickson, as attorney in fact.	05/14/2026
	** 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)