WEC director awarded phantom stock units
WEC Energy Group director Mary Ellen Stanek acquired additional phantom stock units through deferred director fees.
Rhea-AI Filing Summary
WEC Energy Group director Mary Ellen Stanek acquired additional phantom stock units through deferred director fees. She received 308.734 phantom stock units, each linked one-for-one to WEC common stock, at a reference price of $117.415 per unit. Following this grant, her balance under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP) increased to 53,525.009 phantom stock units, including amounts accrued through a dividend reinvestment feature. These awards are settled in accordance with the DDCP’s terms and are exempt transactions under Section 16 rules.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 308.734 | $117.415 | $36K |
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
Key Terms
Phantom Stock Units financial
Director's Deferred Compensation Plan (DDCP) financial
Rule 16b-3(d) regulatory
Rule 16a-11 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WEC (WEC) director Mary Ellen Stanek report in this Form 4?
Is the WEC (WEC) Form 4 transaction a stock purchase or sale?
How many phantom stock units does Mary Ellen Stanek hold after this WEC transaction?
What price per unit is associated with the WEC phantom stock unit grant?
What plan governs the phantom stock units reported in WEC’s Form 4?
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