WEC Energy Group (WEC) director reports stock deferral and phantom units

Rhea-AI Filing Summary

WEC Energy Group, Inc. director reports equity and deferral transactions. On 01/02/2026, the director acquired 1,603 shares of common stock at $0, bringing direct common stock holdings at that point to 8,536.2417 shares, including shares acquired through dividend reinvestment. On the same date, the director disposed of 1,749.6114 shares of common stock and instead received 1,749.6114 phantom stock units under the Directors Deferred Compensation Plan (DDCP) in connection with the vesting of restricted stock granted on January 2, 2025.

Each phantom stock unit is credited on a one‑for‑one basis to an equivalent share of common stock and will be settled according to the DDCP terms. After these transactions, the director beneficially owned 6,786.6303 shares of common stock directly and 22,310.0222 phantom stock units, which include units accrued through the DDCP’s dividend reinvestment feature.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Cunningham Danny L

Role Director

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	--

Holdings After Transaction: Phantom Stock Units — 22,310.022 shares (Direct); Common Stock — 8,536.242 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Cunningham Danny L

(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)
01/02/2026

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
Common Stock	01/02/2026		A		1,603	A	$0	8,536.2417(1)	D
Common Stock	01/02/2026		D		1,749.6114	D	(2)	6,786.6303(1)	D

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	(3)	01/02/2026		A		1,749.6114		(4)	(4)	Common Stock	1,749.6114	(2)	22,310.0222(5)	D

Explanation of Responses:

1. Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.

2. 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.

3. One-for-one.

4. These phantom stock units were accrued under the DDCP and are to be settled in accordance with the terms of the plan.

5. 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	01/06/2026
	** 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.
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FAQ

What insider transaction did WEC (WEC Energy Group, Inc.) report on January 2, 2026?

On 01/02/2026, a director of WEC Energy Group, Inc. reported acquiring 1,603 shares of common stock at $0 and disposing of 1,749.6114 shares of common stock, which were exchanged for an equal number of phantom stock units under the Directors Deferred Compensation Plan (DDCP).

How many WEC common shares does the reporting director own after the Form 4 transactions?

Following the reported transactions, the director beneficially owned 6,786.6303 shares of WEC common stock directly.

What are phantom stock units in the WEC Directors Deferred Compensation Plan (DDCP)?

In this context, phantom stock units are bookkeeping units credited under the DDCP. The filing states a one‑for‑one relationship between each phantom stock unit and a share of WEC common stock, with settlement to occur in accordance with the plan’s terms.

How many phantom stock units does the WEC director hold after these transactions?

After the transactions on 01/02/2026, the director beneficially owned 22,310.0222 phantom stock units under the DDCP, including units accrued through the plan’s dividend reinvestment feature.

Why did the WEC director dispose of 1,749.6114 common shares?

The filing explains that, in connection with the vesting of restricted stock granted on January 2, 2025, the director deferred receipt of 1,749.6114 shares of common stock and instead received 1,749.6114 phantom stock units under the DDCP, resulting in a reported disposition of those common shares in exchange for phantom units.

Are any of the WEC director’s holdings tied to dividend reinvestment features?

Yes. The filing notes that the reported common stock total includes shares acquired through dividend reinvestment in transactions exempt from Section 16, and the phantom stock unit balance includes units accrued via the DDCP’s dividend reinvestment feature.