WEC Energy Group Form 4: Director Increases Deferred Equity Stake

Rhea-AI Filing Summary

WEC Energy Group, Inc. (WEC) filed a Form 4 reporting that director Thomas K. Lane acquired 362.95 phantom stock units on 07/08/2025. The reference price quoted for the accrual is $103.32 per unit, bringing Lane’s total holdings to 14,594.3388 phantom units.

The units were received through the company’s Director’s Deferred Compensation Plan (DDCP) as a deferral of board fees and dividend reinvestment, qualifying for exemption under Rule 16b-3(d) and Rule 16a-11. Each phantom unit is convertible one-for-one into WEC common shares and will be settled according to DDCP terms. Because the acquisition is a routine, cash-less, non-market transaction, it signals limited incremental insight into insider sentiment or the company’s near-term fundamentals.

Insights

Financial Analyst

TL;DR: Routine DDCP accrual; negligible market impact.

The filing discloses a small, plan-based increase in director Thomas K. Lane’s deferred equity exposure—roughly $37 k at the stated price. Such phantom stock accruals are automatic when directors opt to defer fees, so they do not represent discretionary insider buying. Consequently, the transaction offers minimal signaling value and is unlikely to influence WEC’s valuation or liquidity. The overall impact for investors is neutral.

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 WI 53203

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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

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

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

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)	07/08/2025		A		362.95(2)		(3)	(3)	Common Stock	362.95	$103.32	14,594.3388(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	07/10/2025
	** 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.

FAQ

What did WEC director Thomas K. Lane acquire on 07/08/2025?

He received 362.95 phantom stock units under the Director’s Deferred Compensation Plan.

How many WEC phantom stock units does Lane now hold?

After the transaction, Lane beneficially owns 14,594.3388 phantom units.

Was the acquisition an open-market purchase?

No. It was an exempt, plan-based accrual under Rule 16b-3(d), not an open-market buy.

What is the conversion ratio of the phantom units?

Each phantom unit converts one-for-one into WEC common stock upon settlement.

Does this Form 4 filing materially affect WEC’s outlook?

The transaction is routine and not viewed as materially impactful to WEC’s near-term fundamentals.