WEC Energy Group (WEC) director shifts 1,749.6114 shares into phantom units
Rhea-AI Filing Summary
WEC Energy Group, Inc. reported an equity ownership change by one of its directors. On 01/02/2026, the director acquired 1,603 shares of common stock at a stated price of $0, bringing direct beneficial ownership of common shares to 5,013.6114 immediately after that transaction.
On the same date, the director disposed of 1,749.6114 shares of common stock in connection with the vesting of restricted stock originally granted on January 2, 2025. Instead of receiving those shares in stock, the director deferred them into 1,749.6114 phantom stock units under the Directors Deferred Compensation Plan, on a one-for-one basis. After these transactions, the director directly owns 3,264 common shares and 3,770.229 phantom stock units, with phantom units including amounts accrued through dividend reinvestment.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,749.611 | $0.00 | -- |
| Grant/Award | Common Stock | 1,603 | $0.00 | -- |
| Disposition | Common Stock | 1,749.611 | $0.00 | -- |
Footnotes (1)
- Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11. In connection with the vesting of restricted stock granted to the reporting person on January 2, 2025, the reporting person deferred receipt of 1,749.6114 shares of common stock and instead received 1,749.6114 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, the reporting person is reporting the disposition of 1,749.6114 shares of common stock in exchange for an equal number of phantom stock units. One-for-one. These phantom stock units were accrued under the 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.