WEC Energy Group (WEC) director shifts 1,749.6114 shares into phantom units

Rhea-AI Filing Summary

WEC Energy Group, Inc. director reported changes in personal holdings on Form 4. On 01/02/2026, the director acquired 1,603 shares of common stock at $0, increasing direct ownership to 7,502.6114 shares, including shares previously acquired through dividend reinvestment.

On the same date, in connection with the vesting of restricted stock originally granted on January 2, 2025, the director chose to defer receipt of 1,749.6114 shares of common stock into the company’s Directors Deferred Compensation Plan. This is reported as a disposition of 1,749.6114 common shares and an acquisition of 1,749.6114 phantom stock units on a one-for-one basis, bringing total phantom stock units to 11,019.4723.

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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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^*

Farrow William M III

(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	7,502.6114(1)	D
Common Stock	01/02/2026		D		1,749.6114	D	(2)	5,753	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)	11,019.4723(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.
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 insider transaction did WEC (WEC) report on January 2, 2026?

A director of WEC Energy Group, Inc. reported acquiring 1,603 shares of common stock at $0 and changing the form of ownership for 1,749.6114 shares through a deferral into phantom stock units.

How many WEC Energy common shares does the director own after these transactions?

Following the reported transactions, the director directly beneficially owns 5,753 shares of WEC Energy common stock, with additional exposure through phantom stock units.

What are phantom stock units in this WEC Energy director filing?

The director received 1,749.6114 phantom stock units under the Directors Deferred Compensation Plan, each representing one share of common stock on a one-for-one basis, and now holds 11,019.4723 such units.

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

In connection with the vesting of restricted stock granted on January 2, 2025, the director deferred receipt of 1,749.6114 common shares and instead received an equal number of phantom stock units under the Directors Deferred Compensation Plan.

Does this WEC Energy Form 4 involve dividend reinvestment?

Yes. The filing notes that the reported holdings include shares and phantom stock units accrued through dividend reinvestment in transactions exempt from Section 16 under Rule 16a-11.

Is this WEC Energy director Form 4 filed for one reporting person or a group?

The Form 4 is filed by one reporting person, reflecting the transactions and holdings of a single WEC Energy Group, Inc. director.

What plan governs the WEC Energy director’s phantom stock units?

The phantom stock units were accrued under WEC Energy’s Directors Deferred Compensation Plan (DDCP) and will be settled in accordance with the terms of that plan.