BUDNEY ALBERT J JR 4
4 · WEC ENERGY GROUP, INC. · Filed Jan 8, 2019
Insider Transaction Report
Form 4
BUDNEY ALBERT J JR
Director
Transactions
- Award
Phantom Stock Units
2019-01-04+2,713.223→ 7,118.501 total→ Common Stock (2,713.223 underlying) - Disposition to Issuer
Common Stock
2019-01-04−2,713.223→ 5,252 total
Holdings
- 902(indirect: By Spouse)
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 and are to be settled in accordance with the terms of the plan.
- [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.