FISCHER THOMAS J 4
4 · WEC ENERGY GROUP, INC. · Filed Jan 8, 2019
Insider Transaction Report
Form 4
FISCHER THOMAS J
Director
Transactions
- Disposition to Issuer
Common Stock
2019-01-04−2,713.223→ 3,981 total - Award
Phantom Stock Units
2019-01-04+2,713.223→ 7,593.729 total→ Common Stock (2,713.223 underlying)
Holdings
- 37,195(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Upon the vesting of restricted stock granted to the reporting person on January 4, 2016, the reporting person deferred receipt of 2,713.2234 shares of common stock and instead received 2,713.2234 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, the reporting person is reporting the disposition of 2,713.2234 shares of common stock in exchange for an equal number of phantom stock units.
- [F2]One-for-one.
- [F3]These phantom stock units were accrued under the DDCP. Prior Forms 4 stated that phantom stock units accrued under the DDCP were to be settled following the reporting person's termination of service as a director. However, the DDCP also allows for in-service distributions prior to termination of service.
- [F4]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.