WEC Energy Group (WEC) director shifts vested stock into deferred units
Rhea-AI Filing Summary
WEC Energy Group director reports stock grant and deferral transaction. On 01/02/2026, the reporting person acquired 1,603 shares of WEC Energy Group common stock at $0, increasing directly held shares to 5,183.7809 immediately after that grant. On the same date, in connection with vesting of restricted stock originally granted on January 2, 2025, the director deferred receipt of 1,749.6114 shares and instead received an equal number of 1,749.6114 phantom stock units under the Directors Deferred Compensation Plan, reducing directly held common stock to 3,434.1695 shares and raising deferred phantom stock units to 16,912.7984 units. Additional WEC shares are reported as indirectly held through an LLC and several family trusts, with the director disclaiming beneficial ownership of those indirect holdings.
Positive
- None.
Negative
- None.
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 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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. 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. 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. 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.
