WEC Energy director defers stock into phantom units
WEC Energy Group director Thomas K Lane reported compensation-related equity changes on January 2, 2026.
Rhea-AI Filing Summary
WEC Energy Group director Thomas K Lane reported compensation-related equity changes on January 2, 2026. In connection with vesting of prior restricted stock, he deferred 1,749.6114 common shares into an equal number of phantom stock units under the Directors Deferred Compensation Plan, reported as a disposition of those shares and an acquisition of the units. He also received a grant of 1,603 common shares. After these transactions he holds 3,434.1695 WEC common shares directly and 16,912.7984 phantom stock units under the plan; additional shares are held by family-related entities for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Lane Thomas K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,749.6114 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,603 | $0.00 | $0.00 |
| Disposition | Common Stock | 1,749.6114 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 16,912.7984 contracts (Direct);
Common Stock — 3,434.1695 shares (Direct);
Common Stock — 7,715 shares (Indirect, By LLC);
Common Stock — 15 shares (Indirect, By spouse's revocable trust);
Common Stock — 15 shares (Indirect, By revocable trust);
Common Stock — 15 shares (Indirect, By family trust)
Footnotes (7)
- F1. Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.
- F2. 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.
- F3. These shares are owned by Lane Ventures LLC, which is owned by the 2019 Lane GST Exempt Trust and another family trust; both trusts are for the benefit of the reporting person's immediate family members. The reporting person's spouse is a trustee of both trusts. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4. These shares are held by the 2019 Lane GST Exempt Trust for the benefit of the reporting person's immediate family members. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F5. One-for-one.
- F6. These phantom stock units were accrued under the DDCP and are to be settled in accordance with the terms of the plan.
- F7. 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
Direct Common Stock holdings: 3,434.1695 shares
Phantom stock units granted: 1,749.6114 units
Phantom stock units balance: 16,912.7984 units
+3 more
6 metrics
Direct Common Stock holdings
3,434.1695 shares
Direct WEC common shares held by Thomas K Lane after the reported transactions
Phantom stock units granted
1,749.6114 units
Phantom Stock Units acquired on January 2, 2026 under the Directors Deferred Compensation Plan
Phantom stock units balance
16,912.7984 units
Total Phantom Stock Units held after the January 2, 2026 grant
Common shares deferred
1,749.6114 shares
Common Stock disposed to the issuer and exchanged for an equal number of phantom units
Common shares granted
1,603 shares
Common Stock granted or awarded to Lane on January 2, 2026
Lane Ventures LLC holdings
7,715 shares
Common Stock held by Lane Ventures LLC; Lane disclaims beneficial ownership of these securities
Key Terms
Phantom Stock Units, Directors Deferred Compensation Plan, Section 16, Rule 16a-11, +1 more
5 terms
Phantom Stock Units financial
"received 1,749.6114 phantom stock units pursuant to the Directors Deferred Compensation Plan"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Directors Deferred Compensation Plan financial
"received 1,749.6114 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP)"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
Section 16 regulatory
"transactions exempt from Section 16 pursuant to Rule 16a-11"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"exempt from Section 16 pursuant to Rule 16a-11"
dividend reinvestment financial
"includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did WEC (WEC) director Thomas K Lane report on January 2, 2026?
Lane reported compensation-related equity changes, including deferring 1,749.6114 common shares into the same number of phantom stock units and receiving a grant of 1,603 common shares, all dated January 2, 2026 under company plans.
How many phantom stock units did WEC (WEC) director Lane receive and hold after the Form 4 transactions?
Lane received 1,749.6114 phantom stock units and held a total of 16,912.7984 phantom stock units afterward. These units were accrued under the Directors Deferred Compensation Plan and are to be settled in accordance with that plan’s terms.
What indirect WEC (WEC) holdings are associated with Lane, and does he claim beneficial ownership?
Entities associated with Lane, including Lane Ventures LLC and family trusts, hold WEC shares such as 7,715 shares in the LLC. Footnotes state he disclaims beneficial ownership of securities held for the benefit of his immediate family members.
AI-generated analysis. How Rhea-AI works. Not financial advice.
