WEC Energy Group’s SEC filings document operating results, governance and financing activity for a Midwest electric and natural gas utility holding company. Form 8-K reports furnish quarterly and annual earnings releases, Regulation FD investor presentations, material-event disclosures, and debt offerings, including senior notes issued under shelf registration statements.
Proxy materials cover board elections, executive compensation, stockholder voting items and governance practices. The company’s disclosures also address capital plans, rate case activity, Illinois utility rider proceedings, sales volumes, credit metrics, environmental matters, weather, fuel and purchased-power costs, and risks tied to the availability of generation and distribution systems.
WEC Energy Group President and CEO Scott J. Lauber reported routine insider transactions in company common stock. On February 9, 2026, he exercised a stock option for 8,089 shares at an exercise price of $58.305 per share and received common stock.
That same day, he sold 8,089 shares of WEC common stock at a weighted average price of $110.7012, leaving him with 66,800.5124 shares held directly. He also reported 6,741.508 shares held indirectly through the company’s Employee Retirement Savings Plan.
WEC Energy Group filed a Form 144 notice for a planned sale of common stock. The filing covers 8,089 common shares to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an approximate sale date of 02/09/2026.
The shares were acquired on 02/09/2026 by exercising options under a registered plan and paid for in cash. The filing notes that 325,294,252 common shares were outstanding, providing context for the size of the planned sale.
WEC Energy Group filed an 8-K to share a February 2026 investor update outlining long-term growth, capital plans, regulatory developments, and sustainability goals. The company targets premium adjusted earnings per share growth of 7.0% to 8.0%, supported by an increased $37.5 billion capital plan for 2026-2030, up $1 billion. This includes $12.6 billion for 6,535 MW of regulated renewables and $7.4 billion for thermal generation and LNG capacity, plus a projected $4.1 billion WEC share of American Transmission Company investment.
Management highlights a history of consistent performance, with ~6.7% adjusted EPS CAGR and ~6.9% dividend CAGR since 2015, and a 2026 annualized dividend of $3.81 per share after a 6.7% increase. WEC expects dividend growth of 6.5%-7% and a payout ratio of 65%-70%. A proposed Illinois settlement would resolve 12 open dockets covering about $2.3 billion of issues, including a $130 million rate base reduction and $125 million in cash credits over three years, subject to Illinois Commerce Commission approval. The update also details strong new large-load demand from data centers, a proposed Very Large Customer tariff, plans to retire or convert coal units and exit coal by 2032, and a net carbon-neutral electric generation goal by 2050.
WEC Energy Group, Inc. filed a current report to note that it released its financial results for the quarter and year ended December 31, 2025. The company issued a press release on February 5, 2026 describing these results, and that press release is attached as Exhibit 99.1.
The filing also identifies an Inline XBRL cover page data file as Exhibit 104. No specific revenue, earnings, or other financial figures are included in this report itself; those details are contained in the referenced press release.
WEC Energy Group says its Illinois gas utilities, The Peoples Gas Light and Coke Company and North Shore Gas Company, have agreed to a proposed settlement with the Illinois Attorney General that would resolve all open proceedings tied to infrastructure and uncollectible expense riders, if approved by the Illinois Commerce Commission after a public review.
Under the terms, Peoples Gas would permanently remove $130.0 million of qualified infrastructure investment from rate base starting in 2027 and provide $75.0 million in customer bill credits over 2026-2028. Peoples Gas and North Shore Gas would also provide $49.0 million and $1.0 million, respectively, in additional bill credits over 2026-2028. As a result, WEC Energy plans to record a $205 million, or $0.46 per share, charge in 2025, up from the previously expected $150 million, and reports that the combined rate base reduction and bill-credit obligation recorded on its December 31, 2025 balance sheet is $255.0 million.
WEC Energy Group, Inc. director Mary Ellen Stanek reported an update to her deferred equity-based compensation. On January 8, 2026, she acquired 342.3283 phantom stock units of WEC common stock at a reference value of $105.8925 per unit. These units are part of a derivative-based compensation arrangement rather than regular shares.
The phantom stock units were acquired through a deferral of director fees under WEC Energy Group, Inc.'s Director's Deferred Compensation Plan (DDCP), in a transaction described as exempt from certain Section 16 rules. After this acquisition, Stanek beneficially held a total of 52,784.6215 phantom stock units, which are to be settled in accordance with the DDCP's terms and include units accumulated through a dividend reinvestment feature.
WEC Energy Group, Inc. director Lane Thomas K reported an acquisition of derivative securities tied to the company’s common stock. On 01/08/2026, the director acquired 377.7416 phantom stock units at $105.8925 per unit under the WEC Energy Group, Inc. Director's Deferred Compensation Plan (DDCP). Each phantom stock unit is described as a one-for-one equivalent to a share of common stock for plan purposes.
The filing notes that these units were obtained through a deferral of director fees in a transaction exempt from certain short-swing profit rules and that additional units can accrue through a dividend reinvestment feature. Following this transaction, the director beneficially owns 17,290.54 phantom stock units on a direct basis.
WEC Energy Group director Danny L. Cunningham reported receiving 354.1327 phantom stock units of WEC Energy Group, Inc. on January 8, 2026. These units were acquired at a reference price of $105.8925 per unit through a deferral of director fees under the company’s Director's Deferred Compensation Plan (DDCP). Each phantom stock unit corresponds one-for-one to a share of WEC common stock and is to be settled in accordance with the terms of the plan. Following this transaction, Cunningham beneficially holds a total of 22,664.1549 phantom stock units in a direct capacity, including units accrued through a dividend reinvestment feature of the DDCP.
WEC Energy Group, Inc. officer and Vice President & Controller reported recent insider equity activity. On 01/02/2026, the insider acquired 661 shares of common stock at a reported price of $0, and on the same date disposed of 181 shares at $106.088 per share. On 01/05/2026, an additional 61 shares were disposed of at $105.045 per share. Following these transactions, the insider directly held 8,602.0914 shares of common stock and indirectly held 674.417 shares through the WEC Energy Group Retirement Savings Plan. The filing also shows a stock option grant for 3,176 options with an exercise price of $106.088, exercisable on 01/02/2029 and expiring on 01/02/2036.
WEC Energy Group, Inc. reported an insider equity transaction by its EVP & Chief Operating Officer on 01/02/2026. The executive acquired 3,360 shares of common stock at a stated price of $0, increasing direct beneficial ownership to 8,134 common shares after the reported transactions. On the same date, 335 shares of common stock were disposed of at $106.088 per share under transaction code “F,” reflecting shares withheld, typically for tax obligations.
In addition, the executive received a stock option grant for 16,129 options with an exercise price of $106.088 per share. These options relate to common stock, are listed as directly owned, vest 100% on 01/02/2029, and carry an expiration date of 01/02/2036.